Thoth (6,6)
@Thoth_Shezmu
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Ancient Egyptian Technologist @ShezmuTech
Joined March 2024
🧵1/7Why Oasis Architecture stands out in DeFi: A deep dive into its unique approach to solving liquidity challenges in CDP protocols. A thread 👇.
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🧵1/ Introducing #shezETH: a liquidation-less, fully redeemable ETH-pegged asset designed for leveraging PTs and other LSTfi assets. Let’s explore how shezETH stands apart from USD-pegged CDPs. 👇.
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As we are nearing the Launch of Oasis, I’ll be sharing some Alpha here. Thoth the threadddoor inbound. Turn notifications on as to not miss anything.
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🧵1/ Dive into the roles within the @ShezmuTech ecosystem! Understanding these roles helps clarify the diverse strategies and benefits available to participants. Let’s break it down👇.
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🧵1/ ShezETH is launching soon! Let's explore how this fully redeemable, nearly liquidation-less ETH derivative is a game-changer for Ethereum users.
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🧵 Ways to Earn with Shezmu Oasis 👇. 1/5 💧 Liquidity Provision.Mint ShezUSD and choose your liquidity path:. •@CurveFinance Pool: Earn rewards in Shezmu. •@Balancer Pool on @AuraFinance : Earn rewards in $BAL and $Aura. Dive into stable pools for consistent returns!.
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🧵1/7 In the evolving landscape of lending protocols, the Oasis hybrid architecture introduces a novel approach to handling liquidations, particularly addressing the challenges associated with ERC721 assets.
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You can now borrow ShezUSD against $weETH @ether_fi, with more @EigenLayer LRTs to come. The Oasis focuses on the most in demand yield bearing collateral assets while also keeping in mind the risk profile.
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Gm, going to be writing a piece on Oasis’s Hybrid liquidation engine which makes accepting ERC721 and ERC20 collaterals on the same platform possible; stay tuned!.
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1. The Oasis is live, making it the first hybrid lending market to accept multiple ERC standards as collateral which leads to interesting strategies👇.
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@ThorHartvigsen @pendle_fi Already built, @ShezmuTech Oasis you can borrow ShezUSD against sUSDE as well as, PTs as well and loop. You can also loop LRT PTs via ShezETH nearly liquidationless and borrow rates are highly competitive.
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Great $SHEZMU thread👇.
$SHEZMU is flying completely under the radar. Things are about to get very interesting with huge catalysts around the corner. This is very cheap at $1.4M MC. Here are 3 reasons why I'm looking at this closely. 🧵 ↓
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It is time. @pendle_fi PT enjoyyyyoooors.
🚀 The Oasis Mainnet Beta is LIVE! Dive into ShezUSD markets now. Borrow ShezUSD against:.- @Pendle_fi’s PT for $ezETH.- @pudgypenguins 🐧.- @BoredApeYC 🛥️.- @EtherFi’s $weETH 💼.- @LidoFinance $wstETH.- @ShezmuTech Pharaoh
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The first ETH CDP= borrow shezETH against wsteth and LRTs without liquidation risk given the debt asset follows the same price as the collateral asset net of yield which means the collateral should grow in value over time forcing you even further from liquidation.
ShezETH is now live on Sepolia testnet! Users can borrow against whitelisted collaterals such as @LidoFinance's $wstETH and @KelpDAO's $rsETH to borrow without risk of liquidation! Test it out now!. I am $SHEZMU.
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37.2% looped 5x on Oasis = 214% yield on sUSDE before we add any additional borrowing incentives. @ShezmuTech x @ethena_labs
To date the sUSDe contract has received protocol yield attributable to assets backing staked USDe, with the protocol retaining the remainder. As of today, the retained portion is reduced to 20%, with the remainder going to the sUSDe contract. As a result sUSDe APY = 37.2%
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Users looking to leverage assets from @swellnetworkio @ethena_labs @BoredApeYC @LidoFinance @KelpDAO @RenzoProtocol @ether_fi can now see underlying and implied APYs. Incentivized pools up next as well as ShezETH. #LRTfi summer inbound.
APYs are now visible for collateral assets on the Oasis! 🌟 PTs display implied APY at maturity, while yield-bearing collateral reveals the underlying APR. Ready to leverage your assets? Come borrow ShezUSD today! 🔽. I am $SHEZMU.
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LRTfi comes to life on the Oasis. New LRT collaterals loading✅.
Shezmu is thrilled to announce full Oasis functionality is now live!🌟. ✨ Borrow ShezUSD against accepted collaterals. 🛡️ Stake ShezUSD & earn from liquidations from the stability pool. 🔨 Snag deals at auctions for liquidated NFTs. More assets & higher debt caps coming soon!
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The Bazaar helps expand Shezmu across a few areas. 1. Auctions on Oasis will be the cheapest place to acquire liquidated Guardian collateral. 2. Additional protocol revenue .3. Expand product market fit as we open up to new collections, these collections can also be on Oasis.
🚀 Announcing the Test Net Launch of The Bazaar is imminent! 🎉. 1/ 🛒 What is The Bazaar?. Our soon to be unveiled marketplace is designed specifically for trading $SHEZMU Guardians.
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Exciting times ahead!. Reminder for those looking to borrow, come check out Oasis by @ShezmuTech . Borrow ShezETH against the following👇. @KelpDAO PT RsETH on @pendle_fi .@swellnetworkio PT Rsweth.- @lido’s wstETH ⚖️.- @etherfi’s weETH 💼.- @ethena’s sUSDe 🔒. With new PTs soon!.
Here is what we’ve got cooking over the coming weeks. 🧵 Upcoming Developments at Shezmu👇
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🤝.
We’re excited to share the results of our Oasis audit, alongside all implemented fixes. Collaborating with @0xWeisss and the @HyacinthAudits team has been a pleasure. Security remains our utmost priority.
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The Oasis Stability pool is live, will be doing a thread on the design in the coming days. TLDR, deposit ShezUSD and earn multi asset revenue from protocol liquidations and interest.
The Shezmu stability pool is now live!. Deposit ShezUSD to the stability pool to earn from protocol revenues and liquidations. I am Shezmu.
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gm world, . Let's explore a hypothetical strategy using shezETH, focusing on maximizing your Ethereum holdings through innovative maneuvers with virtually no liquidation risk. Remember, this is not financial advice! . Details below👇.
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$SHEZMU rewards are now flowing to our @CurveFinance gauge. Stake LP positions to earn additional rewards with minimal IL on ShezETH/ETH.
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$SHEZMU can indeed be a complex beast, this post breaks down simple opportunities to earn, or leverage👇.
Understanding $SHEZMU can be complex, so we're breaking down the opportunities to participate and maximize your DeFi strategy. Here's how you can leverage the Oasis platform:.
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Market leading APRs on a stable coin pair. 🫡.
Rewards are now flowing to our ShezUSD/sDAI pool! Deposit your Shez/sDAI LP on @Balancer and stake on @AuraFinance to earn APRS of ~300% at the time of writing in $AURA, $BAL and $sDAI in addition to swap fees. I am Shezmu.
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Sustainability enhancements as we build out our next phase. Stay tuned for higher debt caps, and additional shezETH collateral assets!.
In order to increase platform sustainability and strengthen the $SHEZMU flywheel, the first halvening of guardian emissions will be moved forward to 150k guardian mints, the mint ratio will adjusted, and LP injections will be added consistently. Learn more below 👇
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Cross chain router dex✅.Hybrid Lending market ✅.Liquidation-less $ETH derivative for leveraging LST/LRTfi✅ . More to come!.
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Little Medium on @ShezmuTech Oasis👇.
Our first medium article on the #Oasis beta is now live! Read as we delve into accepted collaterals, interest rates, depositing and staking on @CurveFinance, and how users can utilize all of this now!. Learn more:
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@0xngmi Check out @ShezmuTech ShezETH, fully redeemable 1:1 against underlying and runs very minimal liquidation risk when borrowing against ETH pegged assets such as wstETH etc.
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Great thread on @ShezmuTech Oasis!.
What is @ShezmuTech’s hybrid market #Oasis and why am I bullish on it? What strategies can you use to earn high yield? A thread below: 👇. 1/16
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7/7 Oasis Architecture is paving the way for a more balanced, liquid, and dynamic DeFi lending ecosystem. By addressing the liquidity imbalance head-on, it offers a promising model for future CDP protocols.
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2/7 A common challenge in CDP protocols is attracting liquidity for non-native pairs, e.g., ShezUSD/USDC. Traditionally, these pools are skewed towards the debt asset, leading to imbalance and liquidity issues.
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@ShezmuTech X @fraxfinance 🤝.
We're excited to announce our integration with @FraxFinance! ShezETH can now be borrowed against staked Frax ETH (sfrxETH) on Oasis.
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3/7 Oasis Architecture introduces a groundbreaking solution with ‘o tokens’. These tokens incentivize liquidity provision on Shez/ETH by paying a premium to the treasury for discounted tokens, which in turn, is used to balance and bolster liquidity in pairs like ShezUSD/USDC.
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ShezETH is now LIVE!.
ShezETH is now live on $ETH Mainnet! Users may now deposit whitelisted assets such as @LidoFinance’s $wstETH and @ether_fi’s $weETH, and begin looping to optimize yields safely with minimal risk of liquidation!
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4/7 The strategy extends through Agora & POL🔗: By committing to protocol-owned liquidity for ShezUSD/USDC pairs, Oasis ensures a more balanced and attractive liquidity pool, diverging from the typical over-representation of the debt asset.
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Woohoo it’s a @pendle_fi party, borrow shezETH against @swellnetworkio PT- rswETH, as well as @KelpDAO PT-rsETH.
We are happy to announce $PtRsETH and $PtRswETH have been added to ShezEth vaults!. Borrow $ShezETH against @KelpDAO’s PT $rsETH and @swellnetworkio’s PT $rswETH
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Welcome @CryptoVonDoom glad to have you on board🫡.
Excited to share that I’m advising the @ShezmuTech team to help expand their reach while helping to bring NFTfi to the masses. Watch this space. #ShezmuPartner
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5/7 Moreover, fees from guardians within the ecosystem are funneled back into liquidity provision, creating a self-reinforcing cycle that not only attracts more Total Value Locked (TVL) but also fosters a more vibrant trading environment.
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6/7 Oasis’s multi-pronged approach, from o tokens to POL and beyond, sets it apart. It aims not just for liquidity but balanced pools that enhance usability and confidence in the protocol, offering a nuanced alternative to curve incentives alone.
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ShezETH is launching on testnet this Monday and hitting mainnet next week! Get ready to leverage your ETH like never before, without the usual liquidation risks.
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2/ Unlike traditional USD-pegged CDPs where assets are collateralized against a stable dollar value, #shezETH is pegged directly to Ethereum. This unique design aligns the collateral’s value directly with the borrowed asset, reducing the risk of liquidation.
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7/ We're excited about the potential of #shezETH to transform how investors interact with DeFi. By mitigating liquidation risks and enhancing the ability to leverage digital assets, shezETH is set to redefine the boundaries of collateral-based lending.
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🧵7/7This method not only ensures that ERC721 assets can be efficiently liquidated but also maintains the health of the Shezmu ecosystem by ensuring debts are cleared in a manner that minimizes the impact on the protocol’s balance sheet.
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3/ #shezETH operates under a “liquidation-less” model. Since the collateral (ETH) and the debt (shezETH) are pegged to the same asset, their values move in tandem. This synchrony virtually eliminates the traditional liquidation scenarios found in USD-pegged systems.
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👀👀.
Only 44k ShezUSD left to borrow against @LidoFinance’s $wstETH on Oasis! Interest rates now at a low 2% - pay only on what you borrow. Dive in before it's gone! . I am Shezmu.
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Welcome aboard @SirWellington20.
SHEZMU is thrilled to announce that our search for a Business Development Representative has successfully concluded!. Please join us in extending a warm welcome to @Sirwellington20.
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6/ In essence, #shezETH provides a more fluid and flexible approach to leveraging crypto assets. It allows users to maintain exposure to their ETH positions while accessing the liquidity needed to capitalize on other investment opportunities.
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🧵4/7 To address this, Shezmu utilizes an auction-based method for liquidating ERC721 collateral. Our innovative approach serves two primary functions: liquidating the default collateral by settling the debt with ShezUSD and then burning the ShezUSD to remove it from circulation.
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6/7 This continues until a buyer, enticed by the lower price, decides to purchase the asset, effectively clearing the associated debt and removing the asset from the protocol’s balance sheet.
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5/ Furthermore, #shezETH can be used to leverage @pendle_fi PTs and other Liquid Staking Tokens (LSTfi) that are inherently yield-generating. This adds an additional layer of return on already productive assets, compounding the benefits over time.
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🧵5/7 Following liquidation, the asset enters an auction phase. The auction is designed to make the asset increasingly attractive by offering it at a discount.
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4/ The benefit? Users can leverage their holdings to maximize returns without the fear of sudden liquidations during volatile market conditions. This is particularly advantageous during bullish phases where leveraging ETH can significantly enhance yield strategies.
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2/ 🛡️ **Guardians**: These are the long-term believers in Shezmu's future. They burn their Shezmu tokens to receive a continuous stream of emissions, playing a crucial role in bootstrapping the protocol and ensuring its long-term stability.
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@ShezmuTech & @Balancer 🤝.
We’ve submitted a proposal to the @Balancer DAO to enable $BAL emissions for our shezUSD/sDAI pool! 👀. If you’re a $veBAL holder you can vote on the proposal at:. This would increase rewards for those providing LP to the Balancer pool 💎. I am Shezmu.
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🧵2/7 Most Collateral Debt Positions (CDPs) in the DeFi ecosystem liquidate collateral through flash loans or stability pool borrows. This method is efficient for ERC20 tokens due to their inherent liquidity, facilitating easy liquidation processes.
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🧵3/7 However, the liquidation of ERC721 tokens presents a unique challenge. Unlike their ERC20 counterparts, ERC721 tokens, or NFTs, lack liquidity pools, making their liquidation process more complex due to the absence of a standard market price.
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7/ Whether you're a Guardian, Farmer, or Power User, Shezmu provides tools and opportunities to maximize your crypto assets in a way that suits your financial strategies and risk tolerance.
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5/ Each role within the Shezmu ecosystem is designed to support and enhance the other, creating a balanced and dynamic DeFi environment where everyone can find a suitable strategy.
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3/ 🌾 **Farmers**: Not everyone wants direct price exposure to Shezmu. Farmers engage with shezUSD or shezETH to earn yields on stable or near-stable assets. Why choose this? It offers minimal to no impermanent loss with returns ranging from 30-50%.
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4/ 🔧 **Power Users**: These savvy individuals leverage their yield-bearing assets to borrow shezUSD and shezETH. This strategy enhances their investment potential by utilizing existing assets to generate further returns.
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6/ Example, Guardians help boot strap the protocol, farmers provide liquidity for power users, and so on and so forth.
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5.ERC20 assets and liquidated akin to a typical CDP, where our auction platform for ERC721 will roll out in the next week.
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👀👀.
🚨 Capacity Alert for $SHEZMU’s Isolated Markets 🚨. 1️⃣ @ethena_labs’s sUSDE has only 17K left for borrowing against $ShezUSD. 2️⃣ @LidoFinance’s wstETH is down to just 2.5 shezETH available for borrowing. 3️⃣ @ShezmuTech’s Pharoahs are maxed out, with no borrowing capacity left!.
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1️⃣ Emissions Strategy: We’ve successfully reduced emissions by 50% via obelisks, followed by an additional halving. This sharp focus on sustainable tokenomics underscores our commitment to long-term value. Stay tuned for the launch of single-sided staking!.
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7/ Stay tuned for the official launch and be one of the first to experience the power of liquidation-less leverage with #ShezETH. Your ETH, redeemable and optimized.
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2. Don’t want to sell your pudgy? Borrow shezUSD against it, depending on your risk level and conviction, ride the restaking hype, pay back the loan, and double down on pudgys with the profits.
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2/ Imagine leveraging your ETH without the usual liquidation fears. With #ShezETH, it's possible. Here’s a practical example:.
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4/5 🔄 Leverage ShezETH. •Borrow shezETH and LP: Utilize shezETH in liquidity pools to compound earnings. •Low-risk Looping with wstETH: Borrow shezETH against wstETH with minimal liquidation risks thanks to the pegged nature of shezETH.
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6/6 🌐 **Why This Strategy?**.- It leverages the unique aspects of Shezmu’s lending platform, allowing for creative use of ETH derivatives and loans to potentially enhance ETH denominated returns while managing risks typically associated with leveraged ETH investments.
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3/ You decide to use WstETH as collateral to borrow ShezETH. Since WstETH earns staking yield and typically trades at a premium to ETH, your position remains safe, even if ETH prices drop dramatically.
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3. Thanks to its isolated design, risks in all markets are siloed from one another, ensuring a safer borrowing environment for everyone.
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Remember, always do your own research and consider your risk tolerance before engaging in leveraged or looped strategies. Close thread.
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6. Curious to see what other assets you’d like to see on the Oasis? . Comment below👇.
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4.Additionally LTVs and interest rates are tiered based on a risk model, factoring in liquidity and demand, meaning we can add more long tail assets as long as they are siloed, and under different borrowing terms.
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3️⃣ Expanding Asset Variety: We continue to broaden our asset base with the inclusion of popular yield-bearing assets like sUSDE from @ethena_labs.
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5/5 🌱 What’s Next?.Stay tuned for more pools and enhanced incentives for borrowers. Shezmu Oasis is continuously evolving to offer more opportunities for our community.
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2️⃣ Innovation in Derivatives: Shezmu introduced shezETH, the first fully redeemable ETH-pegged derivative designed for leverage farming LRTs, LSTs, and PTs. This innovation provides minimal liquidation risk, enhancing your leverage options.
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4/ This robustness contrasts sharply with USD-pegged CDPs, where a significant drop in ETH price could lead to early liquidations. With ShezETH, your risk of liquidation is drastically reduced, thanks to the natural premium of WstETH over ETH.
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5/ At launch, the first supported assets for borrowing against will be @ether_fi weETH and @LidoFinance WstETH, giving you flexible options for leveraging top Ethereum-backed assets.
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2/5 🛡️ Stability Pool.Contribute ShezUSD to the stability pool and earn revenue from liquidations. A direct way to benefit from platform growth and asset stability.
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3/5 🤑 SLP Rewards.Provide SLP (Shezmu Liquidity Provider tokens) and earn dual rewards: ETH and oShez. Maximize your yield in one of the most lucrative pools.
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4️⃣ Programmed Buybacks and LP Adds: Each Guardian creation triggers programmed buybacks and liquidity additions, bolstering price stability and ensuring liquidity across our markets.
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@0xSifu gm, I hear you’re a Pendle Fixed Yield connosieour , if so, take a look at the Oasis where you can leverage your PT fixed yields.
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Links to Oasis and Curve below. This is the last post of this thread!.
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🔗 ShezETH is a fully redeemable, ETH-pegged derivative, ensuring 1:1 redemption with ETH collateral.
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1/6 🔄 **Understanding the Base Strategy**.- Start by borrowing shezETH against your wstETH holdings. ShezETH, like wstETH, is closely pegged to ETH, minimizing liquidation risks due to parallel price movements.
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