Mastering On-Chain Returns: Insights from a $500M Profit Wallet
In the ever-evolving world of blockchain, it's been shown that even in high interest rate scenarios, on-chain returns can be successfully generated. A prime illustration of this is a specific wallet holder with over $30 million in assets, who has astoundingly raked in profits exceeding $500 million this year alone. Interestingly, their spot holdings are relatively nominal, standing at around $400,000.
The true essence of their strategy lies in their DeFi maneuvers. Let's break down the numbers:
- Credit positions stand at a hefty $33.85 million.
- In contrast, Debt positions are about $3.3 million.
The allocation in various platforms is intriguing:
- On @AaveAavev3, $14 million of $DAI has been lent.
- Over at @MakerDAO, $12 million $DAI is staked as sDAI.
- With @LybraFinance, there's $4.8 million of $stETH used as collateral to borrow $2.7 million of eUSD.
- Involvement with @PrismaFi sees them as an LP with $379,000 in the mkUSD-crvUSD pool, and also $480,000 frxETH as collateral to borrow $190,000 mkUSD.
- They are also engaged in lending USDC on @VenusProtocol and have further lending activities on Aave v3 and Compound v3.
- Their strategies extend to farming on platforms like @aerodromefi and @eigenlayer.
In terms of net flows, this wallet has observed an upward movement of over $500 million in the past half-year, primarily in assets like $USDC, $USDT, and $stETH.
Some key insights we can infer from this wallet's strategy:
- Yield generation can serve as a buffer during bearish phases in the market.
- LSDfi stablecoins, such as Lybra and Prisma, offer a relatively safe route to tap into ETH yields.
- sDAI emerges as a straightforward method to achieve T-Bill yields on-chain.
- Platforms like Eigenlayer also provide opportunities for T-Bill yields.
- Engaging in airdrop farming with trending protocols, like Prisma and Eigenlayer, can be fruitful if maneuvered adeptly.
However, a word of caution: While these insights provide a captivating glimpse into one user's successful strategies, it's paramount to approach these as entertainment. Always conduct your research and seek professional advice before making investment decisions.
Mastering On-Chain Returns: Insights from a $500M Profit Wallet
In the ever-evolving world of blockchain, it's been shown that even in high interest rate scenarios, on-chain returns can be successfully generated. A prime illustration of this is a specific wallet holder with over $30 million in assets, who has astoundingly raked in profits exceeding $500 million this year alone. Interestingly, their spot holdings are relatively nominal, standing at around $400,000.
The true essence of their strategy lies in their DeFi maneuvers. Let's break down the numbers:
- Credit positions stand at a hefty $33.85 million.
- In contrast, Debt positions are about $3.3 million.
The allocation in various platforms is intriguing:
- On @AaveAavev3, $14 million of $DAI has been lent.
- Over at @MakerDAO, $12 million $DAI is staked as sDAI.
- With @LybraFinance, there's $4.8 million of $stETH used as collateral to borrow $2.7 million of eUSD.
- Involvement with @PrismaFi sees them as an LP with $379,000 in the mkUSD-crvUSD pool, and also $480,000 frxETH as collateral to borrow $190,000 mkUSD.
- They are also engaged in lending USDC on @VenusProtocol and have further lending activities on Aave v3 and Compound v3.
- Their strategies extend to farming on platforms like @aerodromefi and @eigenlayer.
In terms of net flows, this wallet has observed an upward movement of over $500 million in the past half-year, primarily in assets like $USDC, $USDT, and $stETH.
Some key insights we can infer from this wallet's strategy:
- Yield generation can serve as a buffer during bearish phases in the market.
- LSDfi stablecoins, such as Lybra and Prisma, offer a relatively safe route to tap into ETH yields.
- sDAI emerges as a straightforward method to achieve T-Bill yields on-chain.
- Platforms like Eigenlayer also provide opportunities for T-Bill yields.
- Engaging in airdrop farming with trending protocols, like Prisma and Eigenlayer, can be fruitful if maneuvered adeptly.
However, a word of caution: While these insights provide a captivating glimpse into one user's successful strategies, it's paramount to approach these as entertainment. Always conduct your research and seek professional advice before making investment decisions.
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Mastering On-Chain Returns: Insights from a $500M Profit Wallet
Oct 15, 2023
Mastering On-Chain Returns: Insights from a $500M Profit Wallet
Oct 15, 2023