1/ Let's talk about Impermanent Loss and how it can be solved using tranches and segregating returns between parties.

⚠️𝐂𝐥𝐚𝐢𝐦𝐬 𝐭𝐡𝐢𝐬 𝐩𝐨𝐬𝐭 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐬 𝐀𝐥𝐩𝐡𝐚 𝐚𝐫𝐞 𝐮𝐧𝐝𝐢𝐬𝐩𝐮𝐭𝐞𝐝.

2/ @saffronfinance_ is building a tranche ecosystem that is bifurcating yields between high-risk/high-return and low-risk/low return tranches. The initial products were aimed at interest generation. High-risk tranche earns 10x interest of low tranche, in exchange for insuring the
3/ principal of the low-risk tranche if there is an adverse event in one of the underlying lending/yield aggregating platforms. Now, thinking outside the box and expanding a bit this can be applied to insurance, more specifically IL insurance.
4/ A low-risk tranche (LPs) can deposit their LP tokens (Uniswap, Sushiswap, etc.) into this tranche in exchange for a portion of their LP rewards & trading fees. A high-risk/high-yield tranche contains both of the LP tokens and covers the IL of the low-risk tranche.
5/ If the low-risk tranche has IL, the tokens are taken out from the high-yield tranche. The low-risk tranche can now be a LP and earn at least 12% APY with *zero* risk of IL. The high-yield tranche will receive elevated returns from the LP rewards + trading fees obtained from
6/ insuring the low-risk tranche. Yields for this tranche could very well be 88% APY. Now imagine users can only enter the high-yield tranche by having the $SFI and staking it, which is fixed and limited in supply.
7/ If the pair has excessive IL and the high-yield tranche is losing too much principal a third tranche could be created that also contains the two principal tokens. This tranche would receive $SFI rewards as compensation. Conceivably in the future, the $SFI token could receive
8/ protocol fees among all tranche products making it a cash-flow generating token, and a bet that there is high-demand for tranche products. Given its unique PMF and basically no competitors in DeFi, it is.
9/ Now also imagine that @iearnfinance does not have a tranche product, and is basically acquiring the entire DeFi stack. What if?

Some other similarities between the two projects: the lead dev for @saffronfinance_ could have rugged 50m DAI, but choose not to. Andre could have
10/ rugged 198m DAI in July (initial $YFI farming) but choose not to. Both products are focused on composability and improving DeFi, while also making returns more simple and sustainable. Andre has also been experimenting/thinking about IL insurance for quite some time.
11/ I would have shared this information in @basedkarbon 's paid group, but he is a scammer and I cancelled my subscription.

Tokyo is back on the menu $100k EOY.

Imagine the smell.

More from For later read

1. The death of Silicon Valley, a thread

How did Silicon Valley die? It was killed by the internet. I will explain.

Yesterday, my friend IRL asked me "Where are good old days when techies were


2. In the "good old days" Silicon Valley was about understanding technology. Silicon, to be precise. These were people who had to understand quantum mechanics, who had to build the near-miraculous devices that we now take for granted, and they had to work

3. Now, I love libertarians, and I share much of their political philosophy. But you have to be socially naive to believe that it has a chance in a real society. In those days, Silicon Valley was not a real society. It was populated by people who understood quantum mechanics

4. Then came the microcomputer revolution. It was created by people who understood how to build computers. One borderline case was Steve Jobs. People claimed that Jobs was surrounded by a "reality distortion field" - that's how good he was at understanding people, not things

5. Still, the heroes of Silicon Valley were the engineers. The people who knew how to build things. Steve Jobs, for all his understanding of people, also had quite a good understanding of technology. He had a libertarian vibe, and so did Silicon Valley

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