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Andrew Kang Profile picture
@Rewkang
Nov 8, 2020 • 6 tweets • 2 min read • Read on X
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All $AAVE shorts are underwater and paying funding to stay short

#aSqueeze Image
Aave shorts haven't been rinsed yet

May see $100 Aave within the next few days

This is literally a supply side liquidity crisis

$90+ wick today? Image
Shorts are literally in disbelief.

"Just another deadcat" Image
something about a triangle Image
Nice break Image

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More from @Rewkang

Andrew Kang Profile picture
Oct 27
It’s counterintuitive, but the best tokenomic design for a project (and retail) is to not have investor lock ups and have as much tokens to be as circulating as possible on Day 1 (except team, treasury)

One year cliff and 3-4 year vests are a poor standard that came about from a misunderstanding of capital markets and lazy copy pasting from prior projects

In reality, long vests have little impact on investor contribution post TGE. Good investors will be supportive whether tokens are vesting or not. Opposite for passive investors

The standard needs to changeImage
I wrote about why low float high FDV was bad in 2021. Back then projects started to copy the Serum model of 1% circulating - I pushed that projects should have at very minimum 15-20% circulating on TGE. Now I believe even that is too low. The standard should be 65-75%+

We've given a lot of this advice to new founders, but its tough because you are fighting against bad tokenomics advice from lawyers that misinterpret securities law and other VCs that try to push the status quo

But talk to any past founder and most will tell you that vesting + low float designs are a mistake and result in major headaches down the lineImage
Read 4 tweets
Andrew Kang Profile picture
Aug 11
No knowledge of anything actually happening but combination of the below leading me to bet that there’s some interesting developments upcoming for $SUI

1. Raoul pal shill thread while he sits on advisory board
2. Large OTC bids
3. Relatively strong holdership through big unlocks
4. Aggressive price action with no pullback
5. Big recent performance upgrade with Mysiceti potentially allowing for interesting new apps
Many people commenting that they are giving grants to people to shill. If true, this is bullish
Potential speculation into Korea blockchain week announcement
Read 5 tweets
Andrew Kang Profile picture
Mar 11
This was pretty insane memecoin alpha from AVAX foundation

Whenever a big player says they are buying, it never fails to ignite momentum when market conditions are ok (CZ/Binance in March, early Saylor buys, etc). Suddenly, the technology improves

Don’t fight the fed
Think you see this strategy replicated across all chains/foundations in the future, just as all of them launched DeFi incentive programs

It’s a very high ROI/probability way to increase onchain activity, bridging inflows, community members, etc
It’s the same reflexive loop that chains saw with NFTs last cycle where people needed to buy the chains coins to buy the NFTs and every chain wanted NFT collections but I think there’s more power in this loop because tokens are better speculative vehicles than their NF counterparts
Read 4 tweets
Andrew Kang Profile picture
Dec 30, 2023
1/ The road ahead for Arbitrum ($ARB) - Mega thread

2021
- Arbitrum launch

2022
- Nitro upgrade for improved performance
- Arbitrum Odyssey introduced but paused
- Arbitrum Nova, a separate chain built for lost-cost transactions focused on gaming and social apps was launchedImage
2/ 2023 was the year of big launches and announcements

- Launched highly anticipated $ARB token, with 1.162B tokens distributed to ~580k wallets
- TVL doubled since the start of the year
- 4th highest TVL chain - more than Solana and Optimism combined
- Resuming Arbitrum Odyssey Image
3/ But things are just getting started for Arbitrum.

Believe that these following catalysts/narrative will really kickstart the arbitrum flywheel going into 2024:

- Arbitrum Orbits
- STIPS
- ARB Staking
- EIP-4844
Read 15 tweets
Andrew Kang Profile picture
Jun 7, 2023
The New King of Money Markets

The @RDNTCapital Thesis twitter.com/i/web/status/1… Image
1/ At $5B and $2B TVL, Aave and Compound are currently the largest money markets in crypto

By innovating while others cruise, @RDNTCapital is the top competitor to challenge the throne and has the potential to become the new King of Money Markets in all of crypto
2/ At a glance:

-$260m TVL across Arb/BSC

-First functional cross-chain MM (lend on X chain, borrow on Y)
-Launching on ETH & zkSync next
-Safely adding more collateral like $ARB (other MMs move slowly)
-Token design optimized for demand & protocol growth
Read 16 tweets
Andrew Kang Profile picture
Feb 27, 2023
Accumulated spot position in $STX last 2 weeks as well

As an investment, it hits the sweet spots of good supply schedule, strong marketability, cheap relative valuation, important catalysts ahead, proven bear market resistant builders
Main catalyst is the Bitcoin Halving in a year and I think Hal's comparison to LDO & the merge is pretty apt

Second big catalyst would be potential catalysts for DeFi on Stacks - potentially catalzying a 9-10 figure DeFi ecosystem built around $BTC
On relative valuation, my proxy would be Lightning network who i believe if they had a token would be valued at least multi-billion FDV just based on brand value alone, regardless of usage

But if DeFi on Stacks takes off, it probably leap frogs Lightning on actual usage
Read 7 tweets

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