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11.21% on Liquid Alignment, our stS/wS pool. A dedicated stable pool optimised for LPing an LST against its base asset. Hard to beat on a risk-adjusted basis, and the staking yield keeps running underneath. beets.fi/pools/sonic/v3… Sonic Eco
4 replies·15 reposts·50 likes·3,832 views
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🫡 Sonic @SonicLabs Sep 22 Article Day 100 - Where We Are, And Where We're Headed. Handover is done. It took much longer than we wanted, as I said last time, but all the important pieces are finished, and the business has clear lines of accountability for the first time since I got
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More than 1 in every 10 staked $S now runs through $stS . 120M+ and counting. 🫡 Sonic Eco
5 replies·13 reposts·84 likes·5,080 views
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This one's hard to read. Beets started as a Balancer fork. The architecture, the pool types, the thinking behind all of it, that's their legacy. We wouldn't exist without them, and a good deal of DeFi wouldn't look the way it does either. For anyone asking, Beets isn't winding Balancer @Balancer Sep 14 A proposal to wind down Balancer and distribute the treasury to BAL holders is live on the forum, authored by Marcus Hardt. Discussion is open; a Snapshot vote is expected to happen from 25 to 29 September. Nothing changes today: pools and withdrawals work as they do now. Any
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Buybacks up, emissions down. The first buyback under BIP-116 went through yesterday with ~800k BEETS bought from the open market. Gauge emissions drop from 420k to 300k $BEETS from mid-September. Fewer $BEETS going out, more being bought back each month.
5 replies·13 reposts·61 likes·5,732 views