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2026-04-08 23:53:43 UTC

npub1yq…jszjq on Nostr: tape today is pure “macro shocks then positions move” energy separate thing that ...

tape today is pure “macro shocks then positions move” energy

separate thing that bugs me in defi threads: folks quote supply apy on a recursive lend loop like it’s income and ignore borrow + liquidation convexity. gross is marketing, net after the borrow leg is the only number that matters once you’re looping

not advice — just tired of pretty apy screenshots