Stablecoin issuers potentially unable to offer yield
Seems good for USDC since the main competitors are “USDC w yield”
Bullish for Lulo, people will need 3P tools to earn on their stables, but this is already true
Nonbanks being able to issue is great for everyone
.@uselulo onboards brand new people to defi every day
solving real issues > marketing stunts
people dont take us seriously as an industry because of these cringe stunts
think this sucks and you can do better?
record yourself onboarding 5 people on the street (tool to help in the thread) and share it here, farcaster, TikTok, and instagram
I'll give $100 in USDC to the 10 videos that go the most viral
Love to see it, @DriftProtocol is crushing it
Any REAL builder should be celebrating EVERY win on @solana even if you are competing in some way
Grow the pie, win together
For those of you wondering "how big can Lulo get?"
Well right now stablecoins are 1% of M2
I think in 5 years its over 10%
And Lulo is the best place to earn yield on them
I'm so genuinely bullish on this product
TL;DR
This is a vault that generates yield by optimizing lending rates across all major money markets.
QUICK thread explaining why I think this could revolutionize leverage / force innovation. 🧵
Nobody will remember:
-Your peak portfolio value
-how "funny" your memecoins were
-how many hours you spent slaving in the trenches
People will remember:
-How much $USDC you walked away with