FP (@FP_Crypto) header
FP (@FP_Crypto) profile picture

abd

Joined March 2021
FP retweeted
this @aave usdc utilization chart kept catching my eye. at first i thought it was a bug in my code. nope. the spikes kept happening around midnight. every night. i followed the money. it looks like a whale gaming @coinbase / @circle's usdc rewards.
17
14
4
151
17,638
privacy that’s not private, only on tempo
Enterprise-grade privacy is live on Tempo I think this is where the whole industry is going, and Tempo is crushing the execution on it
1
3
193
Next major U.S. fintech originator going live $USD3 supply cap → $100M at 8pm ET 🫰
7
5
3
55
13,151
your usdc earns ~3.5% on @aave with levered callable capital (LCC), the same deposit earns ~20% pt 1 of a series on LCC, starting with an explanation of the mechanics
1
2
1
8
1,435
FP retweeted
LCC is now 40% subscribed against its $15M initial cap Stakers are earning: + 3.5% @aave APY + 16.7% standby APY Crypto's first yield on a promise
9
6
1
290
7,018
FP retweeted
LCC turns balance sheet capacity into an internet-native asset class, allowing users to stake margin and get paid on the larger unfunded capital base behind it. In exchange, 3Jane can call up to 13.33x your stake into USD3 as we scale deployment into fintech credit facilities
1
1
2
19
5,802
this makes me want to leave software dev and never look back
Introducing terminal-code: VS Code inside the terminal - VS Code compatible CLI - works over ssh - syncs with your terminal theme terminal-code.com
2
196
3Jane has integrated with @AccountableData to provide 3rd party proof of solvency for USD3's backing across offchain warehouse & forward-flow facilities New facilities will be integrated directly as they go live to maintain 100% coverage
27
4
2
80
8,038
Now that I see it, I’m kind of surprised you don’t see earnest money style mechanics more in DeFi and CeFi.
Replying to @3janexyz
5/ The mechanism has two core components: - DeFi users post 7.5% margin against a larger callable commitment and earn a commitment fee - 3Jane can call up to the 92.5% commitment. If not funded, the margin is slashed in a backstop auction where bidders can earn a higher return
2
3
44
9,812
FP retweeted
3Jane has grown to $75M TVL since inception. To accelerate our growth we're introducing LCC: a new primitive for unfunded capital commitments Post 7.5% margin, back a 13x callable capacity, & earn 10%+ USD APY. Live in August 3jane.xyz/reports/introducin…
20
16
13
145
36,310
Friendly reminder that pricing your multi strategy vault from live touch values means your whole vault is only ever as strong as its weakest strategy at its weakest moment. In other words, if one strategy can be manipulated even for a single txn the whole vault is at risk.
The summer fi $6m exploit deserves more attention. The exposure here took months to materialize due to five unrelated factors, it wasn't possible after just one config change. This is a cautionary tale for ALL vaults on the layers of pricing and liquidity 👇
9
4
50
4,985
juicy incentives happening on USD3 / PT-USD3 morpho markets get > 20% USDC APY & $JANE
2
1
10
1,501
Unbothered. Moisturized. Happy. In My Lane. Focused. Flourishing. 100% of supply cap hit More facilities coming online Limits increasing soon 🥂
8
4
3
120
14,713
3Jane has upsized its Slope facility with an additional ~$18m purchase at a ~13.92% net APY, ~1.6-month weighted average life 3Jane fintech financing up +350% MoM USD3 ~7.75% APY sUSD3 ~13.08% APY
27
11
1
80
10,668
Get in while the raw USDC APRs are juicy app.morpho.org/ethereum/vaul…
3Jane is now open to the public Mint USD3 to earn $JANE Liquidity mining details below
1
5
191
3Jane is now open to the public Mint USD3 to earn $JANE Liquidity mining details below
58
97
56
559
148,835
FP retweeted
We are excited to announce that we have completed our 1st forward-flow loan sale of $8.5M with @3janexyz, a cryptonative credit protocol. This is the 1st phase of a broader $50M program and one of the 1st whole-loan purchases of a U.S. fintech loan book by a DeFi protocol.
5
10
2
64
11,104
FP retweeted
3Jane has executed an ~$8.5m whole-loan purchase with Slope, the credit infrastructure powering business lending for @slashapp & the Fortune 10 Phase 0 of a broader $50m forward-flow program USD3 now directly funds SMB lines of credit embedded in major U.S. commerce platforms
2
8
7
87
17,560
FP retweeted
3Jane has executed a $10M senior warehouse facility with LendSwift, a U.S. fintech consumer lender, to scale its loan portfolio Funded by USD3/sUSD3 at a 15% coupon and secured by ~15,000 short-duration installment loans Cryptonative capital now funds mainstream consumer credit
15
12
13
170
35,862
IRMs are broken. we need experimentation in lending markets to find something better. flex uses market discovery to set rates rather than a prebaked curve. it lets lenders and borrowers decide their own fates. so excited to see @johnnyonline_ launch this.
1
1
4
339