Discover and read the best of Twitter Threads about #UpOnly
Most recents (12)
🎈🎈🎈
✔ @DefiLlama made our life much easier with his Swap aggregator..
🆕 What if I told you there is a team building a
PERPETUAL DEX AGGREGATOR?
Enter: @UniDexFinance 👀🧵
✔ @DefiLlama made our life much easier with his Swap aggregator..
🆕 What if I told you there is a team building a
PERPETUAL DEX AGGREGATOR?
Enter: @UniDexFinance 👀🧵
In this thread you'll learn:
▫ What is @UniDexFinance and what they're trying to solve.
▫ Why traders would choose Unidex over other platforms
▫ What's on the Roadmap
▫ Who are building UniDex
▫ Investment analysis
▫ What is @UniDexFinance and what they're trying to solve.
▫ Why traders would choose Unidex over other platforms
▫ What's on the Roadmap
▫ Who are building UniDex
▫ Investment analysis
@UniDexFinance is a DeFi platform that aims to become a hub for traders where they can access the best rates for financial instruments.
They envision it as a platform similar to NASDAQ, a global marketplace for trading DeFi assets and derivatives.
They envision it as a platform similar to NASDAQ, a global marketplace for trading DeFi assets and derivatives.
NOTKAMOTO: A tribute to a masterpiece and symbol for decentralization, patronage, and belief in creating healthier systems for living artists to thrive in. #cryptoart
Please watch this introduction to my artwork and reflect:
Please watch this introduction to my artwork and reflect:
69 patronage editions will shortly become available on a dispenser for 1 BTC each. These will not be reduced unless to 🎁. #uponly xchain.io/asset/NOTKAMOTO
I know this is FAKERARES. But I'm doing something special for the REAL ones. To become eligible for a NOTKAMOTO:
I know this is FAKERARES. But I'm doing something special for the REAL ones. To become eligible for a NOTKAMOTO:
Quick thread on @CryptoEQ Fundamental Ratings as we get TONS of questions around them.... especially in a bull market when XYZ coin is pumping and outpacing #BTC and #ETH
We list ~50 crypto assets but only have a Fundamental rating on ~30. Why so few?
Because that's all that ACTUALLY matters in the #crypto ecosystem.
And, if we're being honest, probably just 15 but we feel a bit obligated to cover the crap/scam coins in the top 30 as warnings
Because that's all that ACTUALLY matters in the #crypto ecosystem.
And, if we're being honest, probably just 15 but we feel a bit obligated to cover the crap/scam coins in the top 30 as warnings
The top ~15 assets make up ~90% of the market cap.
With ~5 of those being #stablecoins and 2 are wrapped assets (#stETH and #WBTC)
So, by and large, we may seem selective but we cover 90%+ of the MC and 99%+ of what is actually legitimate, innovative, or intriguing.
With ~5 of those being #stablecoins and 2 are wrapped assets (#stETH and #WBTC)
So, by and large, we may seem selective but we cover 90%+ of the MC and 99%+ of what is actually legitimate, innovative, or intriguing.
"DELIST, OR CRY LATER U PAPERHANDED BITCHESSS!!🤬"
The (Sometimes Ugly) Truth About "Community" In The #NFTCommunity - a 🧵👇
The (Sometimes Ugly) Truth About "Community" In The #NFTCommunity - a 🧵👇
1/ A lot of projects in this space claim to be "Community Driven" - they use community as a buzzword because everyone says you need it for a project to succeed.
But after degen'ing into many projects over the past year, it's clear many projects don't walk the walk when
But after degen'ing into many projects over the past year, it's clear many projects don't walk the walk when
2/ it comes to actually building the kind of community that can take a project from mint, to Valhalla.
That's why so many projects will see an initial spike in volume and floor price, then a slow bleed-out once the volume dries up.
That's why so many projects will see an initial spike in volume and floor price, then a slow bleed-out once the volume dries up.
1/ RONIN ($RON), the L2 gov token of the $AXS/$SLP ecosystem went live today. $RON is the first and only legit L2 GT in the market rn and its a hard comp bc it can be viewed as NFT platform, DEX, L1/L2, etc. So what's it worth? Smoll Shill 🧵👇Disclosure: Obvi long $RON #DYOR
2/ Thread Overview a) Total ETH Bridge TVL / DAU growth metrics / NFT Volume (Macro) b) Quantitative Analysis (Pool APRs, Comp Set Multiples, FV) / Qualitative Assessment (Micro)
3/ ETH Bridge TVL - $RON @$3.5B Bridge TVL is the #1 L2 and #4 overall behind L1s FTM/Poly/AVAX (this is after an 27% TVL decrease over the past 7d). Shit bro you're so early @l2beatcom doesn't even know $RON is #1 on the leaderboard yet👀🤫
1/ An NFT hype recently swept through Asia, culminating in quite a few world-class projects (e.g. Phanta Bear).
However, still other projects are getting rekt by hacks or avoidable mistakes.
This thread discusses NFT launch issues and proposes our solution.
Thread: 👇
However, still other projects are getting rekt by hacks or avoidable mistakes.
This thread discusses NFT launch issues and proposes our solution.
Thread: 👇
2/ @hasufl from @paradigm had already explored the subject of “designing effective NFT launches”.
Here, Teahouse further analyzes the top 3 launch challenges: obtaining whitelists, assigning attributes, and avoiding ETH soft rugs.
Here, Teahouse further analyzes the top 3 launch challenges: obtaining whitelists, assigning attributes, and avoiding ETH soft rugs.
3/ Challenge 1⃣: Obtaining whitelists
Whitelists can be used to counter bots/scalpers when demand >> supply… but how?
Currently, slots are commonly obtained by:
1.Holding a certain amount of tokens at snapshot – what # is fair? what if a token hasn’t yet launched?
Whitelists can be used to counter bots/scalpers when demand >> supply… but how?
Currently, slots are commonly obtained by:
1.Holding a certain amount of tokens at snapshot – what # is fair? what if a token hasn’t yet launched?
Where does YIELD in crypto come from?
It's 2021.
😡 $1 in Chase earns 0.05% APY.
😲 1 UST in Anchor earns 20% APY!
🤯 1 UST in a market-neutral fund running 50x levered BTC contango trades earns >300% APY!
How are crypto yields SO DAMN HIGH, and is this sustainable? 🧵.
👇
It's 2021.
😡 $1 in Chase earns 0.05% APY.
😲 1 UST in Anchor earns 20% APY!
🤯 1 UST in a market-neutral fund running 50x levered BTC contango trades earns >300% APY!
How are crypto yields SO DAMN HIGH, and is this sustainable? 🧵.
👇
1/ Yield in crypto comes from 4 main sources
a. demand for leverage (e.g. basis trading)
b. risk premia (e.g. options writing)
c. protocol revenue (e.g. staking, LP)
d. payment-in-kind (e.g. token rewards)
For each, let's explore:
- what trades are involved
- is it sustainable?
a. demand for leverage (e.g. basis trading)
b. risk premia (e.g. options writing)
c. protocol revenue (e.g. staking, LP)
d. payment-in-kind (e.g. token rewards)
For each, let's explore:
- what trades are involved
- is it sustainable?
2/ But first, some stats...
Comparing lending yields from USDC (up to 8%+) vs. USD (3.25% prime rate). 👇
[Keep this in mind for when we deep-dive on "demand for leverage"]
Comparing lending yields from USDC (up to 8%+) vs. USD (3.25% prime rate). 👇
[Keep this in mind for when we deep-dive on "demand for leverage"]
#Bitcoin and #crypto are surging. Here are 10 Metrics that Show How:
1/ BTC & Inflation Expectations: Since bottoming at $29k, BTC has been on a 100-day run in tandem with inflation expectations. That means it's acting as both a risk-on asset AND a gold proxy. #bullish
1/ BTC & Inflation Expectations: Since bottoming at $29k, BTC has been on a 100-day run in tandem with inflation expectations. That means it's acting as both a risk-on asset AND a gold proxy. #bullish
2/ The Mining Scene:
BTC is made in America. Thanks to both the Chinese crackdown on crypto and friendly state regulation, the majority of BTC's hashrate is now US-based. In turn, the migration West has enabled BTC hashrate to quickly rebound, meaning BTC is as secure as ever
BTC is made in America. Thanks to both the Chinese crackdown on crypto and friendly state regulation, the majority of BTC's hashrate is now US-based. In turn, the migration West has enabled BTC hashrate to quickly rebound, meaning BTC is as secure as ever
3/ ETH Usage Grows:
We live in a multichain world & nothing proves that quite like ETH. With over 60mn non-zero accounts, ETH is the top general-purpose chain by most metrics.
As the blockchain-of-record for tokens, it continues to be the hub for all things DeFi & NFT related
We live in a multichain world & nothing proves that quite like ETH. With over 60mn non-zero accounts, ETH is the top general-purpose chain by most metrics.
As the blockchain-of-record for tokens, it continues to be the hub for all things DeFi & NFT related
GM☀️! Here is a 🧵 we made to help our Neopians gain a better understanding of #Solana and why we chose to build on #Solana.👇
1/ What is #Solana?
Solana is a Layer-1 blockchain with throughput of >50,000 transactions per second. Solana also has smart contract capabilities, allowing for decentralized applications (dApps) to be built on top of Solana.
Solana is a Layer-1 blockchain with throughput of >50,000 transactions per second. Solana also has smart contract capabilities, allowing for decentralized applications (dApps) to be built on top of Solana.
2/ Some examples of dApps include decentralized exchanges like @RaydiumProtocol, music streaming platforms like @AudiusProject, or decentralized trading platforms like @mangomarkets.
0/14 Pareidolia - the tendency for one's perception to impose a meaningful interpretation on a stimulus to see a pattern where in fact there is none. In trading we call it bias.
Many crypto traders are forming one right now. Here's what I mean. 🧵👇
(charts🙏 @cryptoquant_com)
Many crypto traders are forming one right now. Here's what I mean. 🧵👇
(charts🙏 @cryptoquant_com)
1/14
Many might remember the chart below from our last issue, When to Strike: jarvislabs.substack.com/p/when-to-stri…
It shows onchain support/resistances near $50k and $35k.
We are now in the green band.
Many might remember the chart below from our last issue, When to Strike: jarvislabs.substack.com/p/when-to-stri…
It shows onchain support/resistances near $50k and $35k.
We are now in the green band.
2/14 Now that we are at support it's good to evaluate onchain netflows to determine the market structure. Yesterday 8k BTC left exchanges. And over the last few days, netflows are negative - meaning less selling pressure. How negative? About 28k worth of BTC.
For anyone who is new to #crypto:
That shakeout/correction/retracement we just had, is a normal part of the market. Despite what influencers on CT might say, no one can predict exactly when it will happen. We will resume #uponly again. But the dump might not even be over.
That shakeout/correction/retracement we just had, is a normal part of the market. Despite what influencers on CT might say, no one can predict exactly when it will happen. We will resume #uponly again. But the dump might not even be over.
This is why risk management is so important. If you're using a trading platform, set Stop Losses. Make sure your Margin Fraction isn't too close to your Maintenance Margin Requirement. Don't use leverage if you don't know how to protect yourself.
Also emotional management is super important. Maybe more important. It's your emotions that will get you, making you buy in as something is crashing, hoping to catch the bottom. Or refusing to sell at the top because you want it to go up more.
# The Second Dimension of @THORChain’s Liquidity Black Hole: THORSynths
How synths work, why they matter.
# TLDR how it works:
Deposit $RUNE to mint a #THORSynth, like thorBTC. Pool thorBTC with RUNE and get access to LP rewards from fast&low cost synth swaps.
How synths work, why they matter.
# TLDR how it works:
Deposit $RUNE to mint a #THORSynth, like thorBTC. Pool thorBTC with RUNE and get access to LP rewards from fast&low cost synth swaps.
# TLDR implications:
- captures unused RUNE and filters value back to deterministic price
- becomes a potent DeFi platform in itself
- augments liquidity virtually, and more
Full detail below 👇
- captures unused RUNE and filters value back to deterministic price
- becomes a potent DeFi platform in itself
- augments liquidity virtually, and more
Full detail below 👇
# Minting & Redeeming
Synths are created by depositing $RUNE. No external asset like BTC is deposited to mint synths.
This is exciting for early chads who've grown into $RUNE heavyweights.
Synths are created by depositing $RUNE. No external asset like BTC is deposited to mint synths.
This is exciting for early chads who've grown into $RUNE heavyweights.
