@Heritage It hits home nearly all of the largest outstanding questions across our industry.
The issue is, every person on this panel HEAVILY favors $BTC. It's legislation being written and introduced by a group of $BTC maxis. Horrendous for other L1's...
A quick history lesson, when China banned $BTC mining Texas welcomed the miners with open arms. Electricity is cheap due to operating on a separate power grid from the rest of the nation.
Miners flocked into the area over the past two years
@Heritage@tedcruz Cruz now has massive crypto donors that operate a Proof of Work network in his state. Keeping BTC strong and alts weak directly benefits Texas... and some of his largest new donors.
He states he owns $BTC and everything else is outside his risk profile.
Caitlin is a 22-year wall street vet and now the CEO of Custodia Bank. She is hoping to work with the fed to create a Custodia over collateralized stable coin. Slowing DeFi momentum is in her best interest.
@Heritage@tedcruz@CaitlinLong_ Then we have Senator Lummis who has her own incentives to pump $BTC instead of any other L1's or altcoins.
At one point in the video discussing altcoins she states “Burn it all down. Bitcoin will be the Phoenix that rises”.
@Heritage@tedcruz@CaitlinLong_ The moral of the story here is anyone outside of $BTC holders is in big trouble in the coming weeks.
The first thing they call out as being decided by the legislation is commodities vs. securities. $ETH and L1s will fall under the blanket of securities.
@Heritage@tedcruz@CaitlinLong_@TheBlock__ I've combed through the bill but haven't had time to cover all 70+ pages. This copy is dated March 1st so plenty of changes could have been made since shared.
There is bullish content that will help progress the space surrounding stablecoin regulation and the banning of CBDCs.
@Heritage@tedcruz@CaitlinLong_@TheBlock__ Charts are backing up the evidence that we are in for a rude awakening. $BTC.D looking ready to explode upwards by 5-30% in the coming months. 60-73% dominance could be a real possibility
Sending a message to both parties as they are working on this legislation possibly? The timing aligns and he isn't spending $1B for his personal political beliefs
I don't have any, because none of this is financial advice. Do your own research and correct anything I have wrong, I'm not a macro expert. . Maybe keeps comments civil? I decided to tag a bunch of senators.
$JONES thread spurred some good discussion on use cases from @DoubleTreeDanny
Use Cases: 1. Retail - Automated hedged strats through volatility to maximize $ETH. 2. DAO's - Larger opportunity and low-hanging fruit
Treasuries from $5-250M+ need to maximize returns.. how?
@DoubleTreeDanny DAO's shouldn't hire a bunch of quants to predict market direction, they should build.
@DAOJonesOptions makes it easy. Deposit $ETH, quantitative analysts decide market direction using macro predictions and then provide return hedged returns that minimize the risk for the DAO.
@DoubleTreeDanny@DAOJonesOptions You are a DAO and have 10,000 $ETH you want to maximize returns on. Instead of sitting on it, you deposit a portion into $JONES.
All vaults are denominated in that asset so here after 12 months, they return 10,695 $ETH.
Frustrated by $JONES getting crushed when it should be a slam dunk here, IMO.
Most investors won't consistently win with options so $JONES quantitative analysts will do it for you. They hinted on the 5/13 community call they are having their best month yet.
Update 🔽
On top of one of the best months yet, they also sold off the treasury early into stables.
Saving the war chest from the brutal market crash.
Meanwhile, the MC is $1.3M less than the stables in the treasury.
Earning profits in bear markets is tough. DAOs should be reaching out to have $JONES manage it for them through the bear market. Why not try and double up your stack of $ETH that is sitting idle before the merge?
Predictive Earnings Tool -
Being able to enter "x" dollars LP/SS at "x" TVL earns you "x" dollars.
Allows you to adjust price prediction and calculate your % of total MC over time. Being able to visually see dilution rates would do wonders for your average DeFi user
Pretty sure we haven't bottomed but looking to DCA into some blue-chip Defi. I'm bullish on Defi and $CRV / $CVX are the backbone.
$CVX feels undervalued at $10 ($900M FDV). If the market gets worse and liquidity dries up, DAOs will need $CVX to incentivize liquidity. Hedged
Both teams haven't gotten enough credit for what they have built because they build in silence. Concentrating bets on builders and $CRV is one of the few DeFi pioneers who were early and completed the cycle.
$CVX is about 62% of the way to its FDV which makes it a much safer bear market play than $CRV from a dilution perspective.
$CRV sits at about $520M MC on ~$4.4B FDV. The massive TVL helps spread out rewards and the cost of capital to acquire $CRV through farming is excessive.
The @PlutusDAO_io launch in under 2 days is packed with opportunities.
$PLS will be pulling a Convex and aggregating and accumulating $DPX / $JONES. This makes it a massive opportunity to stock up in anticipation of the launch. 🚀
If you aren't familiar with $PLS all you should need to know is it is being led/hyped by @ethersole and @systems_value.
One of the plays that small-cap launches I love this week is the @PegasysDEX launch on @syscoin.
$SYS is road mapped to launch ZK rollups in the coming months and $PSYS is the main DEX on the network. Farms go live in ~2 hours and build a position for small-cap ZK exposure! 📈
Some of you might remember that I did a thread on them previously on why I was bullish.
It's a quick one so if you want to catch up on the ZK narrative start here...