Solidity is the new COBOL.
Lisbon, Portugal
Joined March 2010
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@AnthropicAI
AI’s taken some advice from crypto on how to pump its numbers.
The hazy OpenAI growth metric driving Wall Street ft.trib.al/pjnfB84
Regulation-induced market distortions often lead to unintended (and often worse) workarounds.
Following GENIUS Act's restriction on passing stablecoin yield, asset Issuers are now cutting private OTC deals with qualified institutional LPs, paying off-chain rebates in exchange for minting their stables at scale.
These subsidies are indirectly passed to retail through money markets. To generate additional yield, LPs supply their stable holdings to markets paired against yield-bearing tokens, compressing interest rates and opening up positive carries that can be levered up to scale positions.
In trying to prevent deposit disintermediation, we've ended up introducing systemic risk by incentivising leverage, in an environment where the underlying exposure is now much harder to price. 🤷🏼♂️
Two RWA instant redemption facility announcements in the same day. @upshift_fi @grovedotfinance
One of the most important unlocks for increasing onchain RWA supply. We just need more of those SPV shenanigans to allow for permissionless transferability and should be good to go. 😊
Do we now need to purposely need to write with typos and a sloppy structuure to prove we're not using using AI?
Folks have been stoked about vibe coding and yet this may well become the most impacting application of AI.
ruca.eth 🦇🔊 retweeted
Why buy 1 Pendle PT when you can buy 7 for the same price? New @pendle_fi markets are now live!
◾️ Borrow up to 7X wstETH against your collateral
◾️ Use it to buy 7X more @makinafi DETH PTs
And earn a whole ETH's worth of yield with just $420, curated by @kpk_io.
ruca.eth 🦇🔊 retweeted
@AlephFi introduces a yield layer where restaked ETH is actively managed under clear risk frameworks and transparent accounting.
We’re pleased to manage the first Aleph vault.
ruca.eth 🦇🔊 retweeted
1/ ETH+ from @reserveprotocol is now the most used collateral in the kpk-curated WETH market on @GearboxProtocol.
More than 1,750 ETH+ (~$5.9M) is deployed, surpassing all other Ethereum staking assets.
This reflects clear borrower demand and strong partner support.
ruca.eth 🦇🔊 retweeted
Risk curation, non-custodial execution, and automation that reacts in under 30 seconds, this is the part of DeFi that rarely gets explained well.
Excellent walkthrough by @deepcryptodive with @samkamani.
@kpk_io has quietly managed billions for major DAOs — ENS, DYDX, Arbitrum, Balancer — all without losing a cent.
In this episode, @deepcryptodive breaks down how they do it.
The highest quality event we’ve ever put up: a bunch of OGs discussing how we’ll take this industry to the next level. 💪🏼
“What does Scaling DeFi mean to you?”
We asked — the community answered.
Clear, unscripted, and very BA. 🇦🇷
Thanks to our partners @Gnosis_ @Safe @Balancer and @HypernativeLabs for co-hosting this first edition with us.
ruca.eth 🦇🔊 retweeted
The fast-growing layer of DeFi built on top of risk management. The curation panel @patfscott @rsousamarques @tkstanczak @lazarev @0xmikko_eth @DeclanFox14
Excited to announce the launch of our curated v2 vaults in Morpho!
Our team put a lot of effort into this and the results have been impressive so far: 35–46% higher realised yield over the risk benchmark i.e. vaults allocated to the same markets.
Here's our USDC v2 vault: app.morpho.org/ethereum/vaul…
Rewards Program will follow, so you can start making your deposits. 💸
kpk expands its curated vaults to @MorphoLabs, offering the same infrastructure that manages DAO treasuries to open markets.
Vaults operate autonomously through policy-defined agents that optimise performance and preserve liquidity.
Read more 👇🏻
kpk.io/morpho-agent-powered-…
Devconnect’s coolest side event, hosted by locals. 😎
Scaling DeFi: Buenos Aires Edition 🇦🇷
Join us for an exclusive event, co-hosted by @safe @HypernativeLabs @gnosischain & @Balancer — panel discussions, Argentine asado & networking.
🗓 20th November
🔗 Register here → luma.com/53ja4v8m
A few thoughts on the latest events in DeFi land.
These boom-and-bust cycles aren’t new to the world of finance, they just got shorter given the nature of the technology. 🧵
In a market governed by the laws of APY and TVL, competition drives Curators’ margins down and vaults’ risk up.
The lack of downside i.e. no first-loss capital and revenue tied to performance give space to the principal–agent problem to unfold, and here we are.