Morning notes

So I read this “Roadmap for the Future” post last night and it’s all I can think about since I woke up this morning. There are about four or five replies chained to this thread, so it will take about twenty minutes to read. Other than a few points about the long-term ramifications of UBI, I think the piece is spot on. I’m waiting for a hard copy to share with friends. This is basically the resignation letter that I’ve been wanting to write.

I’m going to break this down later. As the FEI launch is later today and I’ve got a lot of catch up to do to figure out whether and how much I want to allocate to the launch. An associate of mine said he’s deploying $25k, but I didn’t ask what sort of risk management he’s got on that. Smart contract repos and audits are available, as well as several medium articles, so I’ve got a lot of catching up to do. I was able to get in touch with the man behind DeFiSafety.com, and he gave me permission to use his process quality report. It’s mainly a deep dive into code coverage and test quality. He said he’d be willing to post my contributions on his website, so that’ll be nice. I started working though Integral yesterday, but the repos aren’t available yet.

I’ve deployed half of my B-risk tranche into the Yearn Iron Bank vault after seeing this tweet from one of the Curve devs:

For those who aren’t familiar, the range shows the CRV rewards on vault deposits. You have to stake CRV (veCRV) to get the higher boost, but the Yearn vaults earn this and compound their rewards. I’d be stupid not to put funds here, but I’m sticking to the framework that I’ve established and not going all-in. This is almost a C-tranche deposit, as the Iron Bank is very new, but Yearn/Curve are established player. These rates are only good for two weeks, which equates to about a 70% return during this period. If my numbers are right, this should return roughly the same amount I’m anticipating out of the A-tranche over the entire year.

Ape indeed.

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