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I spotted a 3,500,000 #1INCH deposit into the staking contract earlier. Which single handedly took the apy from 187% > 143%
So I thought to myself letâs do a quick whale watch shall we??
0xa0f75491720835b36edC92D06DDc468D201e9b73
Hereâs what I found
So I thought to myself letâs do a quick whale watch shall we??
0xa0f75491720835b36edC92D06DDc468D201e9b73
Hereâs what I found
0xa0 has a net worth of $70m so this entity is a Chad.
Interestingly this wallet has very little debt âonlyâ half a mil mainly from their $SNX staking position.
Itâs usually common to see these âSmart LPâsâ (as described by @nansen_ai ) borrow off $ETH $BTC
Interestingly this wallet has very little debt âonlyâ half a mil mainly from their $SNX staking position.
Itâs usually common to see these âSmart LPâsâ (as described by @nansen_ai ) borrow off $ETH $BTC
0xa0 is a Chad $wBTC / $ETH LP provider.
They have $19.5m position in $SUSHI & $15.5m in $BAL
They also have a $2.5m position in Shell protocol $BTC pool
They have $19.5m position in $SUSHI & $15.5m in $BAL
They also have a $2.5m position in Shell protocol $BTC pool
Common theme in the majority of these large wallets is no deposits in @iearnfinance & large positions across multiple pools in @CurveFinance & itâs no different here with $177k $veCRV locked for boosts on $CRV pools.
Interestingly they have borrowed $56k worth of $CRV also
Interestingly they have borrowed $56k worth of $CRV also
From Cream supplying $250k of $USDC with lots of breathing room.
Theyâre in 9 $CRV pools totalling $12.4m with apyâs from 10-40%
Half of this is renBTC pool & is staked in $BADGER rn.
Theyâre in 9 $CRV pools totalling $12.4m with apyâs from 10-40%
Half of this is renBTC pool & is staked in $BADGER rn.
Other notable positions this entity holds is $3.1m worth of $NXM & $2m of $AAVE (not staked) & locked $DODO
@DeBankDeFi estimates this wallet is earning $7,500 per day in interest & is acquiring $53 from debt positions.
There is $66k worth of claimable yield farming rewards
@DeBankDeFi estimates this wallet is earning $7,500 per day in interest & is acquiring $53 from debt positions.
There is $66k worth of claimable yield farming rewards
Which indicates a comfortable position in where they do not have to constantly dump rewards to hedge their position. Obviously the lack of debt is the reason for this!
Overall respect
to this farming overlord & hopefully we can learn a thing or 2
Shrimp Out
Overall respect
to this farming overlord & hopefully we can learn a thing or 2 Shrimp Out
