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16 Sep, 6 tweets, 2 min read
1) Man this $SAFE thing seems like such a a messy situation.

I don't have any context on in really, but it seems like:

a) looks like neither really understood IL that well.
b) informal contracts are super powerful and get shit done, but also really messy and have big downside if there isn't enough trust and history
c) Balancer pools can be confusing to add initial liquidity to

d) a ton of moralizing around things like 'selling' vs 'dumping' to try to claim the high ground
e) it's unclear what it means to 'run' a DeFi protocol if the team doesn't own any
f) don't cofound something with people you don't already trust!
4) probably there's also a lot of important missing context, idk

The two sides so far:

5) honestly it just feels weird to write a tweet thread with only 4 tweets
alright at least I got a typo into the first tweet, good enough, I'll take it

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More from @SBF_Alameda

17 Sep
1) Last night control of Sushiswap was passed off to multisig control. So this is my last message as temporary-substitute-chef and my first as.... a waiter? IDK.

3) First, off, I'd like to echo others in congratulating Uniswap. This was by all definitions a well done, successful launch; all the more so given the pressure.
Read 15 tweets
15 Sep
1) Building and Fighting
2) [If you don’t care for sushi, that’s totally chill. I’m not promising its future. This isn’t investment advice.]
3) Crypto is defined by building.

Building projects, helping things, and moving forward.

Sometimes things break, and then you fix them.
Read 32 tweets
13 Sep
1) Is yield farming sustainable? Is it stupid? Is it revolutionary?
2) This is *not* trying to answer the question of whether food tokens will go up or down short-term. It's trying focus on the long-term ramifications of it.

3) What is the core financial transaction behind yield farming?

Well, basically: new projects drop most or all of their tokens on DeFi users in return for valuation and TVL.

Are those justified?
Read 14 tweets
11 Sep

On Valuing Tokens
3) My background is in arbitrage, and short timescale quant trading.

Tokens, stocks, currencies -- they're just tickers and prices; you buy at the lower price and sell at the higher price.

But over time I've started to hodl.
Read 19 tweets
9 Sep
1) well the migration is done; sushiswap is live
2) someday someone might write a novel about this

someday we might learn who nomi really was

someday we'll find out what happens between uniswap and sushiswap
3) but today it's live, and the world can start to decide

and today we begin the transition to multisig control
Read 5 tweets
9 Sep
1) Alright @stoolpresidente. Head of Crypto reporting. You wanna know how to think about crypto?


You bought $LINK. You made a good choice, almost! LINK Marines are your people.

The problem is that LINK was already up, a lot: about 600% when you started.

The Marines were strong! But they'd already done their heavy lifting when you came. They were exhausted.

But there are lots of other coins out there you'd love.

The last month crypto has been talking about food tokens: YAM, SUSHI, KMICHI, HOTDOG.

They're tokens named after foods, and you can also click a button to have them sit there, multiplying.

Welcome to Yield Farming
Read 8 tweets

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