
加密韋馱|Skanda 🇹🇭|Sep 16, 2025 08:06
Just saw that the last project on Buidlpad, Lombard, got listed on OKX. Hoping it can achieve a grand slam like the previous ones.
For the next project, many big names have already posted about it @FalconStable.
I actually know this project originated from @HtrZac inviting me to join their Space. At the time, the APY was 35% (later I heard it went as high as 55%). Out of instinct as an old hand in the game, I didn’t deposit back then. Turns out the project stabilized and ran smoothly later—kind of regret not jumping in.
When I was in Dubai, I specifically asked the project team about the source of their returns. They told me USDf is essentially tokenized liquidity from market-making strategies. Instantly got it.
The reason I understood it so quickly is because of the success of USDE, which met the requirements of certain whale bros who wanted to leverage up but didn’t want to leave traces on-chain or off-chain. In the end, ENA achieved a grand slam.
USDf, backed by well-known market-making resources, also has major partnerships with WLFI. They could’ve solved the issue using market-maker LPs, but instead, they managed to hit $1.6 billion in TVL. Why go through all that trouble?
The answer is obvious. Shandong folks, let’s go!
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