stay hydrated, not liquidated đŸ«Ą
Cool to find @hydration_net no.4 of all @aave v3 forks just bellow 2 @HyperliquidX projects 🙂 but not all forks are equal as only @hydration_net has priority for liquidation txs baked into runtime and block production. Unlike elsewhere user will experience way softer (almost conforming :D) liquidation of smaller part of collateral to get it on HF (health factor) 1.01 instead of maximising liquidation bonus for liquidator which is basically protocol against both POL (protocol owned) and users liquidity. I just saw (before finishing this post) Aave v4 will apply same mechanism except of runtime execution guarantess. Can't have tighter integration of infra & (d)app. Pretty good stuff and stats before launch of Hollar right? Which is also based on GHO, but it couldn’t be us to not add smth cool and new. That’s why we baked into chain itself not just priority for liquidations but also peg keeping mechanism which you can imagine as arb bot run as duty by all block producers inside the node and chain. Stablecoins are floating all the time, but their arbitrage is trivial and fast so value doesnt need to be just extracted but also accumulated in place where its created in the first place. Capital used for these operations will be USDT, USDC, SUDS and sUSDe earning yield in the meantime via lending or native value accrual mechanisms. So I believed that it would be interesting enough for Aave leadership as well and we could work together closer and be opposite case in frustrating part of the report from @lemiscate, in Friendly forks failure section. It didn't stuck on our side. I understand, people are busy and GHOsting can happen. We could also do better and no one said we won’t try again :) Not all forks are equal also on social, economical, ecosystem and other lvls. Hydration purchased 200k $ of own reserves on AAVE token with same amount pre-approved as 2nd tranche from SUSDS once Hollar will go live and create pairs and liquidity for it and @ethena_labs sUSDe. My personal (not DAO) opinion is that Hydration should align itself with success of AAVE more, acknowledging all the contributions for whole crypto, us and being very rare example of real DAO, unfortunately. Bootstrapping 4.6m$ of AAVE DEX liquidity earning ~45% apr thx to support of @Polkadot pooled together w tens of m$ of btcð&usd is also some positive contribution as well. Stay Hydrated not liquidated
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