Discover and read the best of Twitter Threads about #uponly

Most recents (10)

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:
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: Image
Read 11 tweets
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 Image
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.
Read 16 tweets
"DELIST, OR CRY LATER U PAPERHANDED BITCHESSS!!🤬"

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
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.
Read 52 tweets
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👀🤫 https://dune.xyz/eliasimos/Bridge-Away-(from-Ethereum) Note,
Read 13 tweets
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: 👇 Image
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.
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?
Read 15 tweets
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? 🧵.
👇 Image
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?
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"] Image
Read 23 tweets
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.
2/ Some examples of dApps include decentralized exchanges like @RaydiumProtocol, music streaming platforms like @AudiusProject, or decentralized trading platforms like @mangomarkets.
Read 15 tweets
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)
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.
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.
Read 16 tweets
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.
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.
Read 4 tweets
# 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.
# 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 👇
# 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.
Read 29 tweets

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