StableUnit - LPDFi, a new vertical that can empower CDPs.

and we shall start so this is a very nice penguin right perfect so what is LPD F right I'm going to be pacing because it makes me much more comfortable um after the collapse of FTX we all saw the distrust of people to the centralized venue years and uh as a result we saw the growth of Defi and specifically we saw a huge growth in uh liquid staking and raking uh sector of defi as an example we can take Aura convex Yorn and other LP management protocols this we will return to Aura conix and others in minutes but this is powered and this was allowed by fungible deposits the ERC 46 4626 tokens that pretty much allow the holders to claim the deposits those being the well those ERC 4626 tokens being the receipts right what does this result into and what's the whole point of the LPD and those fungible assets right it's leverage so if we take balancer and if we take a normal user going to balancer and trying to stake eth for example right if they stake Vell they can get 2 and a half% API on balancer and this is not optimal because they are battling against the whales and um other aggregators who who are boost who have uh a higher yield provide higher yield and so if we take uh AA for example right uh AA allows users who who hold AA Bell they allow those users to earn up to 8% in yield so 2.5 8% that's a pretty big difference right and so those protocols C uh convex Aura and others they allow users to receive higher yield and it's a pretty good deal for the users right this I'm going back to the yield optimizers as a defi sector and they have shown quite a significant growth uh for the last couple of years ever since the FTX thing happened ever since the defi has become more apparent and uh kind of more trusted solution for U A lot of people we have seen a huge growth of the yield optimizers and actually liquid staking and reaking uh protocols uh were the third fastest growing sector as we can see here so what do those protocols um what do they offer to the users right so we can take we can take Aura we can take Pendle right and um just a sec so for example Silo Finance was the precursor for the LPD fi and they allowed the lp tokens to be used as a collateral um but they kind of failed uh it was a first experiment then we saw the like of Pendle who through the points cze grew a significant traction and currently they have approximately 3.5 billion in tvl which is pretty good and currently they provide yeah I think they they are the top at the moment all right um for cdps we have the examples of we can briefly mention them the Abracadabra platus uh who even though they um are not yield bearing they still use the LPS as um they offer LP leverage and so um oh it's really bad we can take going back to the LPS I had the brain fart sorry for that going back to the LPS right now uh they are experiencing couple of issues first of them being the pricing of the LPS um it's a bit hard to price those LP tokens even though we know that in theory we can just take the underlying assets but uh with the example of pandle for example right we have uh basic yield tokens yts and we can have uh PT tokens uh principal tokens that involve uh the maturity so it's a fixed yield contract with the certain time of the maturity and uh we have a pretty limited use case of those LP tokens um which translates into users not being able to effectively leverage [Music] those LP tokens and that being the sort of the capital that is staying dormant right it's not efficient and what happens next is that if user wants for example to take the lp token and do something with um there are bunch of protocols that already allow that but uh here's where I will make a quick transition to stable unit and what we are currently building is that we allow the users to leverage their LP tokens uh for example from Pendle from Ora from convex and others to use it in defi further to Mint a stable coin and to to uh use it further in def I think I'm a bit out of time it's a short set so um I thought some of you may not like QR codes so we have a telegram link for a community so I highly encourage you to join and um ask us some more questions questions in our community thank you so much for your attention and uh I appreciate your time thank you [Applause]