DefiMoon ๐Ÿฆ‡๐Ÿ”Š (@defimoon) 's Twitter Profile
DefiMoon ๐Ÿฆ‡๐Ÿ”Š

@defimoon

#Defi news, updates and opinions.

Tweets are not financial advice, please don't send me PMs asking for financial advice.

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calendar_today06-06-2019 23:27:04

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DefiMoon ๐Ÿฆ‡๐Ÿ”Š (@defimoon) 's Twitter Profile Photo

UPDATE #5: $6.2m in $CRV flew out of exchanges today ๐Ÿ“Š๐Ÿ”ฅ Moon๐ŸŒ•Math: In the next two weeks CRV annual inflation drops down to just 5.34% (315.6k CRV/day, $290k/day)..... so current daily outflows are more than 20x the daily emissions!! Even if average daily outflows drops to

UPDATE #5: $6.2m in $CRV flew out of exchanges today ๐Ÿ“Š๐Ÿ”ฅ

Moon๐ŸŒ•Math: In the next two weeks CRV annual inflation drops down to just 5.34% (315.6k CRV/day, $290k/day)..... so current daily outflows are more than 20x the daily emissions!!

Even if average daily outflows drops to
DefiMoon ๐Ÿฆ‡๐Ÿ”Š (@defimoon) 's Twitter Profile Photo

If $YB works as advertised and becomes the most liquid on-chain venue for #bitcoin trading as the simulations by Michael Egorov have been predicting..... anyone wanting to buy/sell $BTC at the best rates will need $crvUSD Additionally, aggregators like 1inch, Cow, Kyber etc...

If $YB works as advertised and becomes the most liquid on-chain venue for #bitcoin trading as the simulations by <a href="/newmichwill/">Michael Egorov</a> have been predicting..... anyone wanting to buy/sell $BTC at the best rates will need $crvUSD

Additionally, aggregators like 1inch, Cow, Kyber etc...
DefiMoon ๐Ÿฆ‡๐Ÿ”Š (@defimoon) 's Twitter Profile Photo

๐ŸŽ‚UPDATE: $CRV turns 5 years in less than 24h, and CRV inflation reduces to just 5% 5โƒฃ๐Ÿค5โƒฃ crvhub.comโŒ›๏ธ Five Fun Facts: 1โƒฃ veCRV still receiving fees after 5 years as Curve Finance remains the most liquid, battle-tested stable asset DEX on Ethereum 2โƒฃ CRV

๐ŸŽ‚UPDATE: $CRV turns 5 years in less than 24h, and CRV inflation reduces to just 5%

5โƒฃ๐Ÿค5โƒฃ

crvhub.comโŒ›๏ธ

Five Fun Facts:

1โƒฃ veCRV still receiving fees after 5 years as <a href="/CurveFinance/">Curve Finance</a> remains the most liquid, battle-tested stable asset DEX on Ethereum

2โƒฃ CRV
DefiMoon ๐Ÿฆ‡๐Ÿ”Š (@defimoon) 's Twitter Profile Photo

Ethereum ETF inflows today @ $1.02B (new ATH) Bitcoin ETF inflows today @ $178m $ETH @ $20k will flip $BTC in mcap, that's 0.18 on ETH/BTC The flippening might really be FUD ๐ŸŒ $ETHA $FETH $IBIT $MSTR

Ethereum ETF inflows today @ $1.02B (new ATH)

Bitcoin ETF inflows today @ $178m

$ETH @ $20k will flip $BTC in mcap, that's 0.18 on ETH/BTC

The flippening might really be FUD ๐ŸŒ

$ETHA $FETH $IBIT $MSTR
DefiMoon ๐Ÿฆ‡๐Ÿ”Š (@defimoon) 's Twitter Profile Photo

The winners are $CRV holders and investors who bought $CRV at $0.4 via OTC in August 2023๐Ÿฅ‚ CRV price on June 13th, 2024: $0.38 CRV price August 12th, 2025: $0.97 Lookonchain should join the Curve death spiral threadoors association and attend their monthly meetings๐Ÿ˜

DefiMoon ๐Ÿฆ‡๐Ÿ”Š (@defimoon) 's Twitter Profile Photo

I'm bullish on Ethereum and all, but doing demand/supply analysis without taking into account the staking exit queue is a bit misleading imo. Validator exit queue has started to increase again, so that's a substantial amount of $ETH that is becoming liquid on a daily basis.....

I'm bullish on Ethereum and all, but doing demand/supply analysis without taking into account the staking exit queue is a bit misleading imo. 

Validator exit queue has started to increase again, so that's a substantial amount of $ETH that is becoming liquid on a daily basis.....
DefiMoon ๐Ÿฆ‡๐Ÿ”Š (@defimoon) 's Twitter Profile Photo

UPDATE: Ethereum validator exit queue has started to grow again: +217k $ETH in just two days ๐Ÿ“Š๐Ÿ“ˆ๐Ÿš€ Pretty obvious this increase is directly related to the price! At current prices that 217k ETH is ~$1b Generally speaking as the exit queue grows all LST pegs get weaker:

UPDATE: Ethereum validator exit queue has started to grow again: +217k $ETH in just two days ๐Ÿ“Š๐Ÿ“ˆ๐Ÿš€

Pretty obvious this increase is directly related to the price!

At current prices that 217k ETH is ~$1b 

Generally speaking as the exit queue grows all LST pegs get weaker:
DefiMoon ๐Ÿฆ‡๐Ÿ”Š (@defimoon) 's Twitter Profile Photo

UPDATE #6: Big outflow of $CRV from exchanges today @ $11m..... someone is definitely buying the dip! This is the 2nd highest daily spot outflow since launch of CRV! ๐Ÿ“Š๐Ÿ”ฅ Btw, $ETH also seeing record spot outflows today @ $509m ๐Ÿ†

UPDATE #6: Big outflow of $CRV from exchanges today @ $11m..... someone is definitely buying the dip!

This is the 2nd highest daily spot outflow since launch of CRV! ๐Ÿ“Š๐Ÿ”ฅ

Btw, $ETH also seeing record spot outflows today @ $509m ๐Ÿ†
DefiMoon ๐Ÿฆ‡๐Ÿ”Š (@defimoon) 's Twitter Profile Photo

Never mind the 20%..... if $YB can deliver 5-6% on single-side #bitcoin deposits without any major drawdowns that would be enough to make it the most liquid-on-chain $BTC market, and $crvUSD one of the most liquid and traded stablecoins on Ethereum. Implications for $CRV can't

Never mind the 20%..... if $YB can deliver 5-6% on single-side #bitcoin deposits without any major drawdowns that would be enough to make it the most liquid-on-chain $BTC market, and $crvUSD one of the most liquid and traded stablecoins on Ethereum.

Implications for $CRV can't
DefiMoon ๐Ÿฆ‡๐Ÿ”Š (@defimoon) 's Twitter Profile Photo

๐Ÿ“ƒVery ambitious proposal for yieldbasis launch: ๐Ÿ”ฅ60m pre-mint allocation of $crvUSD for 3 pools $wBTC - crvUSD, $cbBTC - crvUSD and $tBTC - crvUSD ๐Ÿ”ฅveCRV gets control of allocated $YB emissions ๐Ÿ”ฅ20% of total $YB inflation under control of CurveDAO (veCRV) ๐Ÿ”ฅ $YB

DefiMoon ๐Ÿฆ‡๐Ÿ”Š (@defimoon) 's Twitter Profile Photo

No denying $fxUSD is one of the fastest growing stablecoins in the under $500m mcap category with one of the highest APYs @ 14% ๐Ÿ”ฅ๐Ÿ’ธ That is a full 5% higher than Ethena Labs $sUSDe which currently offers 9% APY Double-digit % growth on 7 and 30-day periods!๐Ÿ“Š๐Ÿ“ˆ $FXN FDV is

No denying $fxUSD is one of the fastest growing stablecoins in the under $500m mcap category with one of the highest APYs @ 14% ๐Ÿ”ฅ๐Ÿ’ธ

That is a full 5% higher than <a href="/ethena_labs/">Ethena Labs</a> $sUSDe which currently offers 9% APY

Double-digit % growth on 7 and 30-day periods!๐Ÿ“Š๐Ÿ“ˆ

$FXN FDV is