cto @philidorlabs building in public · dev account
Joined May 2021
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zkoranges retweeted
We keep getting questions about our methodology and how we assess the risk of vaults.
For this reason, we published a new research article out: How Philidor Scores a Vault.
A plain-language guide to our 0–10 scoring framework: the four inputs, rules that cap a score, and how we handle missing evidence.
tldr; we're building the most comprehensive alerting system for critical events in defi
analytics.philidor.io/events
We first flag on @philidorlabs risk engine July 30 the msUSD depeg affecting the @gauntlet_xyz Metronome msUSD Vault
Since this day, we flagged 53 critical events, composition is still today made of 62% of it
Liquidity is still available, no utilization or APY, what's going on?
zkoranges retweeted
We first flag on @philidorlabs risk engine July 30 the msUSD depeg affecting the @gauntlet_xyz Metronome msUSD Vault
Since this day, we flagged 53 critical events, composition is still today made of 62% of it
Liquidity is still available, no utilization or APY, what's going on?
zkoranges retweeted
Support for @maplefinance is now live in Philidor
We index Maple pools on @ethereum, including ethereum:0x80ac24aa929eaf5013f6436cda2a7ba190f5cc0b and ethereum:0x356b8d89c1e1239cbbb9de4815c39a1474d5ba7d, with independent risk scores, TVL, and live lending economics in the same dashboard and API as the rest of your stack
Maple underwrites the credit
Philidor scores the pools
this is why we focus on risk: the market is demanding it.
One thing I keep noticing in conversations with fintechs: they care a lot less about an extra 50 bps of yield than crypto Twitter thinks they do.
The real question is usually some version of: if we put a large amount of money into this and need it back tomorrow, who do we call?
That is where a lot of onchain yield gets awkward. The protocol points to the curator, the curator points to the oracle, and eventually everyone has a technically correct explanation for why it was not their fault. The fintech still owes its customers money.
Regulated products are not risk-free either. The difference is that a fintech can understand who issued the product, what sits underneath it and how getting its money back is supposed to work.
There probably will not be one issuer that works for everyone. Geography, liquidity and compliance requirements all change.
The fairly boring problem we are working on at Blend is giving fintechs one connection into that market, so they can add or change providers without starting the integration and compliance work from scratch every time.
zkoranges retweeted
Currently, @philidorlabs API/MCP was fully open and reached hundreds of users daily
We are slowly restricting some access
Feel free to reach out to get your API key and keep building your strategies with it
zkoranges retweeted
interesting that private credit is leading the majority of RWA deposits on Morpho (sitting now at almost $1.5B) and the market share is increasing rapidly compared to the rest.
my guess is that only high yielding collaterals make borrow profitable while keeping lending rate > sofr
check the philidor loss Board: a simple overview of deFi security events, losses, affected protocols, and trends.
analytics.philidor.io/events…
zkoranges retweeted
Ready to onboard agents on DeFi
- request our data on demand
- build your strategies
- deploy capital based on your rules
Introducing Cloudflare Wallets. They will allow you to store stablecoins, purchase services, and receive funds across the web. cfl.re/455An86
defi tranches: a historical rekt analysis.
when evaluating a senior tranche, ask:
(1) how large is the locked junior buffer?
(2) which losses does senior priority actually apply to?
Morpho Midnight is what institutional onchain credit should look like: fixed-rate, tradable before maturity, and actually usable by institutions.
The key is that compliance is built into the market: KYC, whitelists and approved liquidators without turning the product into a custodial black box.
the biggest deFi hacks and what allocators can learn from them.
I’m well covered here @Zdeadex
