Update on @solsticefi: It's no secret that I'm a fairly aggressive farmer of Solstice points. With zero referral points, I've farmed 0.2% of the total points. So definitely understand my bias. BUT I've updated the numbers recently, and given that we know there will be at least an 8% FDV airdrop, here where we're at: ► Current Flares: 122.75B ► New Flares Per Day: 1.8B ► Est Flares by TGE: 203.75B NOW, I am making some assumptions, for example, we don't actually know when TGE is, just that the team has indicated early-to-mid Q1, so I've been targeting Late Feb / Mid March. Also, the Flares Per Day have come down a bit, which is better for us, so I'm assuming little change in Flares per day. This can be affected by either substantially more TVL or high multipliers. That said, given my assumptions, here are the IMPLIED YIELDS for different point multipliers at each Launch FDV. This means even at a supremely low 50M FDV the YTs on @ExponentFinance appear to be a steal. At 50M FDV: ► eUSX IY is 2x undervalued ► USX is 2x undervalued Does that mean go out an ape YTs as a guaranteed win? Absolutely not, YTs expire to zero and if there are TGE delays, or points dilution, or any other black-swanning type events, your principal is gone forever. So while I personally am a fairly large YT bag-holder it is the MOST risk on way to bet on this. A more conservative approach would be the principal-protected LPs which get points and you keep your eUSX or USX, though the APRs aren't as enticing. If Solstice launches at even a fairly conservative 1:2 ratio, IY is SIX TIMES undervalued (i.e., YTs would theoretically make a 6x return). Anywho, this is one S1 I'm clearly participating in, and if you have any other thoughts, questions, or insights into this season, please let me know in the comments below. Note: On top of being an aggressive points farmer here, I'm also a Solstice Ambassador.

Name & Symbol: aPriori ($APR)
Address: 0x299ad4299da5b2b93fba4c96967b040c7f611099

We've been talking about this ICO in the Dojo. Pros: ⇒ No VCs ⇒ Raising at ~1:2 FDV:TVL, historically, stables launch around 1:1 ⇒ No serious Solana-Native competition ⇒ Backed by Deus X, >$1B Investment/Operating Company ⇒ Already integrated into Solana giants like @kamino and @ExponentFinance Cons: ⇒ Market conditions ⇒ 50% vesting ⇒ Basis compresses in a bear market ⇒ Stables often settle lower than 1:1 FDV:TVL ratio Note: I have a ton of points I farmed from my personal wallet with ZERO referrals and am also an ambassador.

Name & Symbol: Kamino ($KMNO)
Address: KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS

I just noticed @maplefinance also launched on @aave on @Plasma AND there's actually still 13M syrupUSDT of room to deposit there.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

I briefly got excited about muBOND because there's an 80% APR LP on Merkl paired with AUSD for it. But then the Dojo lads informed me that muBOND has nothing to do with tbills and is actually just a junior tranche for Chinese private credit. Oof https://t.co/oxY6YXRdWQ

Name & Symbol: aPriori ($APR)
Address: 0x299ad4299da5b2b93fba4c96967b040c7f611099

Farmers are rotating from @Plasma to @monad. @megaeth next? Shout out to @withAUSD for the nice yields here. https://t.co/RxmlTDVviz

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Direct Asset Exposures: Morpho Steakhouseinfinifi USDC: 3.2m ► Lending USDC to infinifi assets Euler Gauntlet Yield USDC: 2.6m ► Euler Yield (USDC) lending to various markets PT-cUSD: 1.9m ► Cap Money's PT (Cap is backed by overcollateralized lending and Aave lending) PT-tUSDE: 6.9m ► This is a predeposit campaign PT for Termpinal Dex on Ethena PT-srUSDe: 6m ► senior tranche USDe point farming via Strata wsrUSD: 14.2m ► Reservoir's wrapped and redeemable stablecoin, exposed to lending agg and a bit of stablecoin LPing PT-USDe: 3.6m ► Ethena PT sGHO: 1.5m ► Aave's staked stable PT-syrupUSDC: 5.7m ► Overcollateralized lending receipt asset from Maple PT-sUSDe: 12m & 1.9m ► Ethena PT (staked) Fluid USDC: 0.9m ► USDC lending on Fluid fxSAVE: 30m ► Stability pool receipt token for f(x) protocol sUSDe: 36m ► Ethena (staked) sUSDC: 27.8m ► Spark's USDC receipt asset, lending to Maple, Morpho, Sparklend, Idle, and Superstate Aave USDC: 2m ► Lending USDC on Aave

Name & Symbol: Reservoir ($DAM)
Address: 0xf9ca3fe094212ffa705742d3626a8ab96aababf8

I have no affiliation with the Dolomite lads aside from liking the team. But this seems big? @worldlibertyfi's USD1 is having a points campaign and their first jump into defi is Dolomite.

Name & Symbol: Dolomite ($DOLO)
Address: 0x0f81001ef0a83ecce5ccebf63eb302c70a39a654

Not to dilute my friends, but this is the best lendside yield on @solana and it's not even close. ❧ 20% APR + 5x Flares ☙ ➢ $50K in incentives monthly ➢ $20K per week at the moment

Name & Symbol: aPriori ($APR)
Address: 0x299ad4299da5b2b93fba4c96967b040c7f611099

Thankfully Aave, Fluid, and Morpho all use XAU-USD price oracles instead of XAUT or PAXG market pricing. I would recommend against using gold collateral / margin anywhere that doesn't.

Name & Symbol: Fluid ($FLUID)
Address: 0x6f40d4a6237c257fff2db00fa0510deeecd303eb

Thankfully Aave, Fluid, and Morpho all use XAU-USD price oracles instead of XAUT or PAXG market pricing. I would recommend against using gold collateral / margin anywhere that doesn't.

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

I just found out Morpho uses XAU price feeds for their gold oracles instead of onchain market rates (which got rekt 10/10 on some exchanges / perp dexes). Excellent liquidation protection, tbh. https://t.co/DxjHCo8vlV

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

Pendle. Plasma. Pyields. https://t.co/yvC1VprWiN

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

"Can you explain..." triggers the years I worked as a teacher. I'd love to Funding rate arbitrage is a type of "cash-and-carry" trade where you make money having an equal long and short exposure to an asset. FOR EXAMPLE If I held 10 ETH and opened up a 10 ETH short, I would be "delta neutral." Delta neutral just means my strategy value doesn't go up or down due to price action (i.e., "delta"). The cool thing about perps is that they have funding rates and more-often-than-not those rates pay you to be short. Right now, for example, shorting HYPE on Drift pays 74% APR on the notional value of your position. The notional value is the size of your exposure to an asset, not your principal. Principal = starting capital / money at risk / margin Notional = starting capital times leverage / (how much exposure you have to an asset) Because funding is on the notional, not the principal, if you're leveraged, you effectively get leveraged exposure to the funding rate, which is great. ANYWHO, funding rate arbitrage is super simple, so let me explain the APR. Imagine I'm okay with a 2x short on HYPE but want to be delta neutral, and I have $150,000. 1) Buy $100K of HYPE 2) Short $100K of HYPE using $50K of margin (2x short) 3) Typically, I like to get yield on the long, could get 12% on Pendle You're done! Here's the math for APR: 100K Long * 12% = $12K 100K Short at 30% = $30K Total Annualized Yield = $42K Principal (in $) = 150K Yield divided by Principal = $42K/$150K = 28% APR DELTA NEUTRAL Please note, there are risks. You could get liquidated on your short, especially if you're not monitoring it regularly, shorting illiquid assets, or using too much leverage. I rarely ever exceed 2x leverage for FR arb and only use big blue chips like ETH, BTC, SOL, etc. There's also a risk of funding turning against you. The reason why shorts get paid by long is because market pressures are pushing the MARKET PRICE on the perp dex over the INDEX PRICE (this is just an average of prices across major dexs/cexs). Funding is used to incentivize getting the Market Price closer to the Index price. IF market price goes below index price, funding rate goes negative and shorts actually pay longs instead. THAT'S ALL! Hope that helps. Happy farming

Name & Symbol: Drift ($DRIFT)
Address: DriFtupJYLTosbwoN8koMbEYSx54aFAVLddWsbksjwg7

This is 100% correct. Likewise, EVM CLP and DLMM protocols could learn a lot from Meteora and Orca UX/UI. Solana could benefit a ton from understanding the success of Morpho/Euler, and the RWA/Stablevault sector.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

The yield on srUSD is now 15% apy Highest yield bearing stablecoin in the market Loopers paradise on @ipor_io, @MorphoLabs and @Dolomite_io Choose Reservoir, just loop it. https://t.co/CcjuuBHZIy

Name & Symbol: Reservoir ($DAM)
Address: 0xf9ca3fe094212ffa705742d3626a8ab96aababf8

Stablecoin News / Things to Watch For: ➢ @reservoir_xyz coming to @solana (Solana Stable Season!) ➢ @solsticefi going live in 1-2 weeks (the Ethena of Solana, Season 1) ➢ @neutrl_labs going live in 1-2 weeks (OTC Basis, big yield promises) ➢ @ResolvLabs adding new yield sources (Not just basis anymore) ➢ @noon_capital adding new yield sources (DeFi lending added) ➢ @maplefinance on @JupiterExchange (looping still >30%) ➢ @USDai_Official remains over-peg (massive Pendle demand, cap increases coming) ➢ @FalconStable releases new transparency dash (showing ALL collateral held, stating all hedged) ➢ @infiniFi_ crosses $115M TVL (liUSD consistently printing >14% base APY) ➢ @summerfinance_ benefits from arbitrum DRIP (>17% APY on its lend-agg vault) ➢ @avantisfi on @avax has the highest APR jr Tranche (>30% on last update, also launches jr for avBTCx) ➢ @protocol_fx puts LP yields on frontend (up to 26% on LPs like reUSD+fxUSD) ➢ @capmoney_ launches, makes a splash (various institutions farming to the benefit of cUSD) ➢ @LiquityProtocol releases airdrop APR dune (estimates up to 70% APR, making YTs eye-popping) ➢ @ethena_labs, @Paxos, @Frax and other huge names in a bidding war for USDH (hyperliquid) I'm sure I'm missing all sorts of good news. There are so many protocols! Nevertheless, feel free to add what I'm missing down in the comments.

Name & Symbol: Reservoir ($DAM)
Address: 0xf9ca3fe094212ffa705742d3626a8ab96aababf8

Btw massive shout-out to @intern_cc and @crypto_condom who absolutely nailed the $DOLO trade... Remember vividly bc we featured tweets from them in TDD a few months ago bullposting it in relation to the WLFI affiliation and etc before it went on its current 10x run...

Name & Symbol: Dolomite ($DOLO)
Address: 0x0f81001ef0a83ecce5ccebf63eb302c70a39a654

Since Permissionless Beta went live in March, Gearbox's TVL has increased by over 230%, adding $287M. Growth isn't bounded, it's Permissionless. ⚙️🧰 https://t.co/W0UHY5pGvJ

Name & Symbol: Gearbox ($GEAR)
Address: 0xba3335588d9403515223f109edc4eb7269a9ab5d

Silo Finance is rewriting the DeFi playbook on @avax. From $0 → $210 M TVL in just 2.5 months, @SiloFinance’s growth isn’t luck, it’s strategy. Here is why Silo x Avax is one of the best combo in DeFi ↴ ... ➥ Silo Isolated Market Unlike lending protocols that unify their liquidity and have potential risk of systemic collapse, Silo offers isolated lending markets. Each asset (AVAX, BTC.b, $USDT) has its own silo (pun intended) ⟶ Safer, scalable and faster deployment. The results: ➢ Silo is the Top 8 protocols on Avalanche by TVL with 21+ isolated markets + 5 managed vaults ➢ Peak daily volume: $15M ➢ $179K in July revenue (50% goes to $SILO buybacks) -- ➥ $AVAX Power Boost ➢ Fresh grant for Silo pools from Avalanche foundation ➢ Sub-second finality ➢ 4,500 TPS eliminates congestion ➢ 96% lower gas fees after Avalanche 9000 upgrade ➢ Upcoming $250M RWAs coming onchain via @grovedotfinance ... ➥ DeFi Strategies on Silo-Avax There are over 20+ strategies available in Silo's pool on Avax, offering attractive yields, and categorized into four main types, each with an AVAX incentive boost: ➢ Stablecoins: 5–30%+ APR, primarily managed by @MEVCapital and @VarlamoreCap. ➢ AVAX and its staking derivatives: 5-10%+ APR. ➢ $BTC: 4-8% APR. ➢ Auto-leverage sAVAX/AVAX: up to 11%+ APR. ... Silo infrastructure provides secure lending solutions for institutions. This positions Silo to capitalize on the trillions in the RWA market entering DeFi. As DeFi evolves towards institutional adoption, isolated lending architectures like Silo's could set the standard for risk management. SuperSilo.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Resolv protocol fee has now been activated. Starting today, 2.5% of positive daily profits will be directed to the Foundation treasury, the first step in a 4-week ramp to 10%. With this, a new phase begins — where the system retains and value accrues. https://t.co/6xPZPcqdui

Name & Symbol: Resolv ($RESOLV)
Address: 0xda6cef7f667d992a60eb823ab215493aa0c6b360