1) I gave a short talk today for Money Dance; a summary:
https://twitter.com/avalancheavax/status/1313787358039412736
2) NOT INVESTMENT ADVICE
3) If your goal is short-term maximization in DeFi, build an ETH-based yield farm, incentivize buying your token, and sell your token.
4) But if your goal is long-term maximization in DeFi -- what does that look like?
Basically, getting as large of an on-chain ecosystem as possible, while retaining composability.
Basically, getting as large of an on-chain ecosystem as possible, while retaining composability.
5) So that means:
--scaling really matters a ton
--think about the long-term valuable products: e.g. orderbooks instead of yield farms
--pay less attention to what's hot right now
--scaling really matters a ton
--think about the long-term valuable products: e.g. orderbooks instead of yield farms
--pay less attention to what's hot right now
6) So that means choosing chains with serious long-term value props (@solana, @avalancheavax, @NEARProtocol, etc.)
and aiming high with the products; be ambitious.
Build each part to be able to scale (product, liquidity, throughput, composability, etc.)
and aiming high with the products; be ambitious.
Build each part to be able to scale (product, liquidity, throughput, composability, etc.)
7) And it means that, while 100k customers is great, 100m is the goal.
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