Ham 🦋 @HamDefi

Own your share of the AI compute boom The $NEOCLOUD DTF from Reserve bundles the companies renting out compute (GPU-cloud operators like CoreWeave & Nebius plus the power-rich hosts behind them) into a single token on @BNBCHAIN Watch the 2-minute breakdown 👇

Reserve 🌐 @reserveprotocol

a month ago

x.com/i/article/2068…

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ETFs, but onchain — and now on PancakeSwap. 🥞 Decentralized Token Funds (DTFs) are here: a token that holds a basket of tokenized stocks, tradable 24/7. First on the menu, 5 DTFs from @reserveprotocol that put the entire AI supply chain onchain, live on @BNBCHAIN 👇 ‣ $BUILDOUT — AI infrastructure ‣ $POWER — the electricity behind AI ‣ $PHOTON — AI photonics ‣ $NEOCLOUD — cloud compute ‣ $ROBOTS — robotics Powered by @OndoFinance.

Reserve 🌐 @reserveprotocol

a month ago

Own your share of the AI industry Today, Reserve launches not one, but five new tokenized equity DTFs, each for a unique layer of the AI revolution: infrastructure, power, photonics, cloud compute, and robotics. Live on @BNBCHAIN and powered by @OndoFinance, eligible users can

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Own your share of the AI industry Today, Reserve launches not one, but five new tokenized equity DTFs, each for a unique layer of the AI revolution: infrastructure, power, photonics, cloud compute, and robotics. Live on @BNBCHAIN and powered by @OndoFinance, eligible users can trade them onchain at app.reserve.org and @bitgetwallet, or on DEXes like @PancakeSwap X and @CoWSwap. Read the full launch article below to learn more about $BUILDOUT, $POWER, $PHOTON, $NEOCLOUD, and $ROBOTS ↓

Reserve 🌐 @reserveprotocol

a month ago

x.com/i/article/2068…

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@DRF_hq @reserveprotocol Key thing here is access. Demand is insatiable globally but until now access has been limited. Tokenism stocks and onchain index products provide this access. $DRAM for the masses. Never been more bullish.

Feeling optimistic about the path ahead for DTFs on @reserveprotocol. Demand for intelligence is and will remain insatiable. Demand for robotics will follow the same trajectory. Valuations will ebb and flow, but over the long term, AI + robotics will make the world unrecognizable. Positioning DTFs at the center of that transformation plays directly into RSR’s edge. RSR is a reflection of its TVL, and as that TVL becomes increasingly concentrated in AI, RSR itself can develop into an AI bet. While crypto-based TVL rises and falls in lockstep with the broader crypto market, equities-based TVL gives ethereum:0x320623b8e4ff03373931769a31fc52a4e78b5d70 a path to decouple from it.

Sorry I couldn't make the call. Thanks for the kind words and your great summary of the eUSD methodology proposal and dependency risks. Unfortunately, no one has solved composability risk entirely and I expect no one ever will. However, I think the current methodology does a good job of forcing governors to consider it explicitly. Firstly via applications to join the collateral universe and subsequent bucketing and then via concentration limits and diversification requirements at the basket curation level. Very good point regarding ongoing monitoring though. It's very difficult to know who this should fall to in a decentralised system. Quarterly reporting will alieviate this to some degree but not on the granular level that is required. I hope with a strong stakeholder and governor sets this can be decentralised among them to some degree but bystander affect is still a concern. I'll reply formally to your comments on the forum. If anyone else wants to check out the disucssion you can find it here: forum.reserve.org/t/rfc-ratifica…

A new kind of DTF is on the horizon... 🌅

@reserveprotocol @0xd15co 👀

@Marczeller Very crazy times. Next is how they return the funds. Do they return it to kelpDAO or could they use it to almost zero the bad debt on Arbitrum?

@0x_Abdul Arbitrum just recovered ~$70m from the rsETH hacker. It's now up to governance to release the funds. Think they could use this to push for scenario 1? Alternatively if scenario 2 happens the funds recovered could almost zero the bad debt on Arbitrum...

The ABC Labs team is monitoring the Kelp DAO exploit carefully. It appears very unlikely that any Reserve DTF holders will be affected. RSR stakers on USD3 and eUSD could end up performing their function of first-loss capital to protect DTF holders in the event that Aave V3 USDC collateral ends up exposed to bad debt. This is seen as unlikely by many, but cannot yet be ruled out. More info: Yesterday, Kelp DAO's LayerZero bridge implementation was exploited, allowing an attacker to withdraw 116,500 rsETH, worth approximately $292 million, from the ETH L1 bridge contract, leaving their bridged rsETH tokens less than 100% collateralized. The attacker deposited rsETH into onchain lending markets, including Aave on mainnet, and borrowed WETH. At the moment, those borrow positions are still collateralized, but the collateral is rsETH. So the question is: will rsETH on mainnet be devalued? If so, it appears it would take a 15.5-18.5% haircut. But the attack was on the bridge, not the base protocol; the rsETH circulating on mainnet are still themselves fully backed by restaked ETH. So Kelp DAO may choose to treat the mainnet rsETH tokens as they usually would, and only subject the bridged token holders to the loss. If rsETH on mainnet is devalued in an effort to socialize the losses across bridged and non-bridged rsETH holders, the collateral the attacker deposited on Aave would lose around 15.5-18.5% of its value, generating bad debt. There are further questions in this scenario around how Aave's backstop capital mechanisms would be deployed and whether losses would make it to lenders. If Aave lenders took losses, this would affect the Aave V3 USDC collateral within USD3 and eUSD. However, our understanding is that the impact would be small, such that RSR overcollateralization would more than cover the loss. According to the Aave spokesperson, rsETH on mainnet is fully backed and will not take a haircut at all. See: x.com/aave/status/20… If their analysis is correct, our understanding is that USD3 and eUSD bear no exposure at all. Out of an abundance of caution, minting and rebalancing of eUSD and USD3, as well as un-staking of RSR from those two RTokens, have been temporarily paused. Redemption remains available to any who wish to redeem, but to receive the benefit of RSR's overcollateralization in the event it is needed, holders would need to continue holding. ETH+ and bsdETH do not contain any rsETH as collateral and are not exposed. Markets may see stress and reduced liquidity as the ecosystem reacts. We will continue to monitor for secondary impacts of the situation.

Aave @aave

4 months ago

Update on rsETH incident: According to our analysis, rsETH on Ethereum mainnet is fully backed. Out of an abundance of caution, rsETH remains frozen across Aave V3 and V4 and exposure to the incident is capped. WETH reserves also remain frozen across affected markets including

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For sure, I enjoy this new update format and would be keen to contribute. From your reply to Zeb it sounds like an update like would also help update you and the core team on governance flows. Would you minding pinging me / message the DRF when you're starting to put the next one? I'll link we @postoripriori and we'll get something together for the next one.

The @tulipacapital ETHplus vault on @lagoonfinance just crossed $5M TVL and is still generating ~12% APY. A managed strategy deploying ETHplus across curated DeFi opportunities. More in the latest Reserve News update: reservenews.app/post/eth-tight…

The @reserveprotocol will win. More to come.

New to ETHplus and looking for the right thread to pull? Mint, DeFi supply, governance, docs and analytics all in one place 👇 linktr.ee/ETHplus__

A new $ETH yield opportunity has entered the chat. Delta-neutral ETHplus DeFi yield with yield so high it's breaking our graphics... Live on @lagoonfinance. Curated by @tulipacapital. Honourable mention to @GearboxProtocol with their unincentivised looped ETHplus/ETH strategy. A DeFi OG stack using @beefyfinance tech and vault curation from @kpk_io 🚀

An fresh RFC has just dropped on the forum proposing an adjustment to the ETHplus revenue share model. The proposal explores; 📈 Increasing the total take rate from 5% to 10% 📉 Decreasing the allocation to RSR stakers from 5% to 3% 🤲 Introducing a 7% protocol fee Want to know more? 👇

A majority of CMC20 revenue is coming from mint fees Fees are used to: Buyback and burn $RSR 🔥 Reward $RSR vote-lockers 🎁 If CMC20 continues to grow, it will be interesting to see at what point TVL fees catch up to mint fees

could not agree more. baby been about that life for years now. product market fit increasing on the market side (rare) as cultural tailwinds funnel users into the tech we’ve already build ( and continue to expand)…👀

Ansem 🐂🀄️ @blknoiz06

7 months ago

i don't know how to put it on but am developing theory that one of the longs is in the media/arts space for long time tech has been seen as high class and arts as low class professions, ai infra will vaporize many low level white collar tasks pair that with people yearning for

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