gm quick Flex opportunities update yvUSD liquidity available: - ~276k USDC at avg rate (~21% APY at max loop) - ~600k USDC at 5.2% borrow (~19% APY at max loop) yBOLD liquidity available: - ~142k USDC at avg rate (~25% APY at max loop) - ~211k USDC at 2.9% borrow (~22% APY at max loop) yvcrvUSD liquidity available: - ~44k USDC at avg rate (~45% APY at max loop) - ~100k USDC at 1.2% borrow (~43% APY at max loop) yvWETH liquidity available: - ~10 WETH at 0.4% (~30% APY at max loop) 🐈‍⬛🐈‍⬛🐈‍⬛

the yvUSD market is a great showcase of how a Flex market matures ~600k USDC of liquidity seems large enough for real competition between loopers to emerge utilization reaches 100% quickly, but the avg borrow rate starts low over time, loopers redeem each other and the avg rate rises until the market finds its clearing price and starts to stabilize in this case, loopers seem to target ~15% APY with yvUSD earning ~6.2%, they can afford to pay around 5% to borrow and because Flex runs @ 100% util, lenders earn that full ~5% -- no idle liquidity drag (at 90% util, they'd earn ~4.5%) looking at similar loops elsewhere (eg siUSD on Morpho), there still seems to be room for borrow rates to move higher as the market grows and larger loopers enter, that should happen naturally

been prompting a lil added some more data visuals to the UI: - market rates & utilization over time, shows the magic of markets @ 100% util (S/O @JxyHelper) - claimable fees (currently accumulating for token lockers) - protocol metrics over time - movable containers -- so can always fit the Flex logo into the screenshot more to come!

def check out @Yieldzio superpower tool for 🧑‍🌾 ~20% on yvUSD ~20% on yBOLD ~60% on yvcrvUSD ~30% on yvWETH fixed rates 1-click ETH pumping life is good

up to >30% on ETH cc @fundstrat

the (small) eagle has landed 🦅 big eagle will take a few more days

welcome the new Future of France frontier 🇫🇷 yvWETH-2 loop on Flex this @yearnfi WETH vault earns >3.5% by running looping + carry trade strategies across @aave, @Morpho, @CurveFinance, @LiquityProtocol, and more allocations are auto-optimized and monitored 24/7 by bots (AI!!!!). less frequently, also by humans WETH seed not here yet, but seems imminent

@flexmeow update! Fixed-rate lending, borrowing, looping, redemptions, how borrowers compete for liquidity by setting their own rate. Also covers what changed in V2 and why Flex can now support locked assets, RWAs, and other forms of duration.

the fact that Flex markets operates at 100% utilization has some pretty interesting implications for looping take yvUSD. assume - yvUSD yield = 5% - lenders want 4% - borrower loops 10x Flex (100% util) lenders earn 4% <--> borrowers pay 4% borrower earns 14% TradDeFi (80% util) lenders earn 4% <--> borrowers pay 5% borrower earns 5% same loop but almost 3x yield and - fixed rates (no rate spikes) - in-kind redemptions (can use illiquid collateral) farmer's paradise 🧑‍🌾🧑‍🌾🧑‍🌾

in @flexmeow markets operate at 100% utilization, so no utilization drag. borrowers also choose their own fixed rate catch is liquidity is managed by redemptions (rather than interest rate curve), which means loopers could be deleveraged if - lender wants his money back or - another looper is willing to pay more

if you're still waiting for ETH dips, consider yvUSD - 24/7 monitoring by the legendary Yearn team - allocates across the best opportunities on EVM chains - >20% max APY on Flex as for perma ETH dip buyers, expect another Yearn x Flex banger soon 👀

happy Rosh Hashanah and Shana Tova! 🍎🍯🐈 may your year be sweet, your rates fixed, and your positions healthy

TLDW from yesterday's stream with @flexmeow @omgcorn and @johnnyonline_ - Flex is a fixed rate money market on @yearnfi where borrowers set their own rate. liquidity is managed through redemptions instead of utilization curves - if a lender wants liquidity back, they trigger a redemption. it sells the borrower's collateral for the borrow asset and cuts their debt by the same amount. this means no utilization spikes and no liquidations from liquidity crunches. the redemptions clear from lowest rate up, so paying more insulates your position - no spread means markets can run at 100% utilization. borrowers pay x% + collateral, lenders earn x%, nothing eaten by a curve - this also makes Flex great for illiquid/semi liquid collateral like locked yvUSD, LSTs, RWAs (stuff that sometimes gets wrecked on morpho/aave when a 2-week unlock meets a rate spike); Flex just redeems it in kind instead of forcing a fire sale - tradeoff: not great for directional looping like long ETH against USDC, since getting redeemed at the wrong time is basically forced deleveraging at a bad price - roadmap: v1.1/v2 brings in kind redemptions for locked collateral markets, more non-Yearn assets, and an immutable token where lockers get 100% of protocol revenue - feedback from the hosts: clean design, real respect for the risk tab being front and center instead of buried in docs. Bauti suggested a non-curated entry point for advanced users, and needing more assets before the risk profile broadens past heavy loopers check docs: flexmeow.com

streaming with @flexmeow and @omgcorn and @johnnyonline_ nitter.net/i/broadcasts/1vKpPNdjg…