Very good read. The era of effortless stablecoin / synthetic $ yield is over. Most sizeable defi strategies have been around 4.5-8% for the last 6 months, a lot juiced by token incentives. This was pre 10/10 (leverage in the system has disappeared) and pre Stream.
What looked
You are asking important questions.
Firstly, margin risk is systematically managed and no otc concentration in a single name. These are quite diversified.
The protocol maintains a margin buffer, a target leverage ratio on the portfolio + liquid stable
coins to meet required
Some thoughts on the locked token market & the biggest source of yield in crypto that no one is talking about
I joined STIX a few months back, which is the largest brokerage firm for locked tokens, and have been observing/learning about the secondary OTC landscape. With this new
Our Founder, @taran was invited to the @0xSteadyLads podcast to discuss OTC trading dynamics for altcoins and the affect of recent US elections on altcoins and meme coin markets. Listen now! 🎧
STIX is headed to Bangkok for DevCon! We are looking forward to meeting our partners, friends and power users. If you'd like to meet up, our DMs are open!
STIX team is headed to Singapore for @token2049! We are looking forward to meeting our partners, friends and power users.
If you'd like to meet up, our DMs are open!