5 Comments
Jul 6, 2022Liked by Degen Sensei

Degen Sensei.. ser great post that explains "where the yield comes from" ..i have been going around for a couple of days trying to get to this explanation and kudos to kingmaker to have pointed me to your article. Although i still do not understand all the concepts completely .. i can now say I have a basic understanding of how the delta neutral works. My only question then is from an AMA of the UMAMI team- it was presented that they will be working with the protocols they want to integrate with to not dump emisssions, but seems like the yield has to come from emissions of the integrated protocols? Am i right in saying that? Also really looking forward to any other information you may present on UMAMI and similar protocols that have an actual revenue and 0 ponzinomics! Great read!

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Jul 3, 2022Liked by Degen Sensei

I really enjoyed reading this. You provided a very fair review with appropriate coverage of the risks and benefits of the protocol. Thank you so much for taking the time to break this down. Umami is dedicated to safe defi. They will also be offering full explainer video + tutorials for all vault strategies for transparency...you dont have to rely on a You Tube virgin with shaky hands to figure out where the yield is coming from or how to use the protocol. Hopefully this will usher in a new era of DeFi transperancy and safe yields. Nothing is risk free, but Im highly optimistic.

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interesting read. Please keep posting

do you have twitter?

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