EPISODE · Dec 21, 2023 · 1H 26M
The MarginFi vs Solend Debate: Lessons From mSOL's Depeg
from Lightspeed · host Blockworks
Rooter (co-founder of Solend) and Edgar (co-founder of MarginFi) join us to debate last week's mSOL depeg and how to implement risk management. Last week's mSOL depeg led to liquidations throughout Solana DeFi and a heated debate between the Solend and MarginFi teams. In this episode, we discuss what happened, where Solend and MarginFi disagree, the oracle debate, why liquidator profitability matters, points systems vs token launches and more! - - (00:00) Introduction (01:18) The mSOL depeg and Liquidation Debate (32:15) Merinade Plug (33:26) Two Risk Management Philosophies (40:26) Why Liquidator Profitability Is So Important (50:38) Addressing the Twitter Drama (01:06:25) Professional vs Lazy LPs & Token Governance (01:12:49) Solana Airdrops and Points - - Marinade is the most optimal way to stake on Solana. Unleash your staked SOL liquidity with their liquid staking token, mSOL, or use their new product called Marinade Native to get the best of Marinade's automated liquidated staking without the DeFi or peg risk! Check out Marinade today at https://marinade.finance/! - - Follow Rooter: https://twitter.com/0xrooter Follow Edgar: https://twitter.com/edgarpavlovsky Follow Mert: https://twitter.com/0xMert_ Follow Garrett: https://twitter.com/GarrettHarper_ Follow Lightspeed: https://twitter.com/Lightspeedpodhq Subscribe on YouTube: https://bit.ly/43o3Syk Subscribe on Apple: https://apple.co/3OhiXgV Subscribe on Spotify: https://spoti.fi/3OkF7PD Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Resources Tarun's new article on risk management https://www.gauntlet.xyz/resources/how-to-measure-risk-models-part-i MarginFi https://twitter.com/marginfi https://app.marginfi.com/ Solend https://twitter.com/solendprotocol https://solend.fi/ - - Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.
What this episode covers
Rooter (co-founder of Solend) and Edgar (co-founder of MarginFi) join us to debate last week's mSOL depeg and how to implement risk management. Last week's mSOL depeg led to liquidations throughout Solana DeFi and a heated debate between the Solend and MarginFi teams. In this episode, we discuss what happened, where Solend and MarginFi disagree, the oracle debate, why liquidator profitability matters, points systems vs token launches and more! - - (00:00) Introduction (01:18) The mSOL depeg and Liquidation Debate (32:15) Merinade Plug (33:26) Two Risk Management Philosophies (40:26) Why Liquidator Profitability Is So Important (50:38) Addressing the Twitter Drama (01:06:25) Professional vs Lazy LPs & Token Governance (01:12:49) Solana Airdrops and Points - - Marinade is the most optimal way to stake on Solana. Unleash your staked SOL liquidity with their liquid staking token, mSOL, or use their new product called Marinade Native to get the best of Marinade's automated liquidated staking without the DeFi or peg risk! Check out Marinade today at https://marinade.finance/! - - Follow Rooter: https://twitter.com/0xrooter Follow Edgar: https://twitter.com/edgarpavlovsky Follow Mert: https://twitter.com/0xMert_ Follow Garrett: https://twitter.com/GarrettHarper_ Follow Lightspeed: https://twitter.com/Lightspeedpodhq Subscribe on YouTube: https://bit.ly/43o3Syk Subscribe on Apple: https://apple.co/3OhiXgV Subscribe on Spotify: https://spoti.fi/3OkF7PD Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Resources Tarun's new article on risk management https://www.gauntlet.xyz/resources/how-to-measure-risk-models-part-i MarginFi https://twitter.com/marginfi https://app.marginfi.com/ Solend https://twitter.com/solendprotocol https://solend.fi/ - - Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.
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The MarginFi vs Solend Debate: Lessons From mSOL's Depeg
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