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Yashish | Lucidly
@0xYashish
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24 | Cult leader @LucidlyFinance | Advocating erc4626 development | RemilliaCorpFC
Knowhere
Joined June 2014
Learn it eruditely, examine it attentively, think it over carefully, discern it clearly, and practice it sincerely. Here's a recap on the past 3 lucidly months if you just joined the party: Liquidity for pegged assets onchain is hard to scale since market lacks adequate mechanisms to underwrite the same. LPs lack competitive resources to understand capital costs required to keep pegged assets liquid in defi and make informed allocation decisions. We strive to build resources helping market participants to price liquidity in a more efficient and quantifiable manner. We started this journey with an early signup program receiving signups worth $65M user controlled assets with 8000+ unique addresses interacting with our waitlist. With this, we proceeded with the launch of our novel mastervaults on which we are working diligently with some of the top LRTs and stablecoin issuers out here. To bring more users onboard, we are focussed on three major aspects to help get you onboarded to the lucidly experience: Security, Yield analytics and protocol benefits. 1) Security: We consider this as the top priority to make it a safe experience for issuers and LPs. Custodians are bad, counterparty risk is bad, stagnant liquidity during high volatility events is bad. The stableswap design implemented across defi integrations via lucidly mastervaults permissionlessly tackles this. Over the past 3 months, we've successfully completed 2 audits with the safest and most reputed @PashovAuditGrp. If you'rea dyor nerd like me, you could dig deeper here: 2) Yield analytics: Understanding the underlying yield is the second most important step after security. A week ago, we initiated the first lucidly mastervault with @puffer_finance. Since inception, pufETH mastervaults are yielding highest base apr on pufETH having integrations on curve and morpho. However, a comparative analysis to make LPs understand the liquidity flow and how we are making it happen is essential. Lucidly dashboards will cover this extensively focussing on the parameters: tvl, target weights, yield allocation breakdown, rebalances and comparasions against aggregate APR. 3) Protocol Benefits: Unlike most of the other protocols building infra on top of pegged assets - we do not rely entirely on giving out points to improve the implied apr. Unlike other vault managers, we dont take custody of your funds at any point - MasterVaults are fully permissionless simple weighted stableswap pools that allow configurable distribution of liquidity. Our high level design focuses on increasing your pegged asset exposure by incentivising arbitrageurs to rebalance the mastervaults. This means underlying base yield for the MVTs increase over time to practically offer the best onchain yield for the asset LPs. Ofcourse, this goes higher with the dealflows we bring for early mastervault depositors, who get incentivised with additional multipliers on points issued by pegged assets, lucidly blue pills and TRT rewards. What's coming ahead? Every product that we ship is and would be tailored specifically to serve a paying customer to start with. Credit is really an umbrella term, to start with we are targeting incentive markets or what we call โtvl raises". In this quarter, you'll see us deploy masterVaults for the most trusted and secure LRTs and stablecoin issuers out there so you can tap on the best yield for these assets the lucidly way. Depositors will soon be able to directly negotiate incentives for liquidity allocation according to structured loan terms (fixed rates, fixed time) using our incentives settlement auctions. This means you can receive higher token allocations for the amount of liquidity you allocate and timelock on these mastervaults. Using this, you won't need to care for different point multipliers on different AMMs for the same asset. It's time to quantify these numbers to make the incentive markets competent and more efficient. Now that you're up to pace, you can head to and allow your LP positions to finally work smartly. Finally, we love constructive feedbacks and criticism, feel free to dm me if you want to get involved or know anything about Lucidly. Orderbooks arenโt sufficient as โdefi money legos". For defi to scale, we need onchain liquidity to scale, become more reactive and have fair and quantifiable markets to price the same. @Lucidlyfinance solves this!
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RT @bunni_xyz: The wait is over. Bunni v2 is LIVE on Ethereum Mainnet, @Base, and @Arbitrum! ๐ฐ๐ฅ As the first DEX built on top of Uniswapโฆ
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Speaking @LucidlyFinance
Arbitrum Founders Club ๐๏ธ January 30 5 PM UTC ๐ // 12 PM EST ๐ Tune in to hear from builders on @arbitrum ๐ ๐
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RT @LiquityProtocol: Liquity V2 is LIVE on Ethereum Mainnet! ๐ - Borrow on your own terms with user-set interest rates - Hold or deposit $โฆ
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