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Andrew Kang Profile picture
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15 Nov, 4 tweets, 2 min read
.@thorchain_org is essentially a giga pool2, with every crypto asset in existence

Pool yields sustaining 20-50%+ since September and TVL breaking $50M with only BEP-2 integration live
Follow @Bitcoin_Sage for great analysis on Thorchain yields

H/T @DefiLlama for chart

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More from @Rewkang

Andrew Kang Profile picture
15 Nov
Most current token distribution models are deeply broken

Simply rewarding "Proof of Capital" doesn't distribute tokens to the right people and hurts token holders

Just because it worked out OK for @iearnfinance doesn't mean it will work for others
You want tokens distributed to long term network participants and active community members

One approach that gets at this that I like a lot is by combining "Proof of Education" and gamification
@Covalent_HQ does this with their dungeons and dragons data competition

Read 5 tweets
Andrew Kang Profile picture
8 Nov
Nice graph showing $CRV ponzinomics taking hold

Daily emissions stay the same, but amount of $CRV locked/day increasing as the boost wars continue Image
Since October 21st, % of daily emissions locked have been >50%
source: dao.curve.fi/dailylocks
Read 4 tweets
Andrew Kang Profile picture
8 Nov
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
Read 6 tweets
Andrew Kang Profile picture
5 Nov
300 YFI short opened on chain

Zues Capital liquidate his ass
Liquidation price a bit above $10k

wBTC bounty >~$3M
Orderbooks thinned out

~$700k on the books between here and $10k
Read 8 tweets
Andrew Kang Profile picture
26 Oct
Seems like everyone is on one side of the short $CRV ship. OI unwind might be painful

@CurveFinance
@CreamdotFinance $CRV liquidity perpetually being drained
Wick to $0.50, but funding still -0.75% and OI hasn't reset yet

Probably still need to unwind on the way up
Read 5 tweets
Andrew Kang Profile picture
17 Oct
1/ $CRV is by far the most extreme juxtaposition of being both an amazing investment with huge addressable markets and not being investable at the same time
2/ In less than 6 months, it dominated the stablecoin swap market

And it will play a central role in the two strongest emerging themes in DeFi:

1. Cross-chain interoperability
2. Synthetic Assets
3/ Both of these themes already have demonstrated strong traction & PMF out of the gate but are still only in the early stages

Cross Chain Interop - @WrappedBTC @renprotocol @thorchain_org @CreamdotFinance @ptokens_io etc

Synthetic Assets - @MakerDAO @synthetix_io @arcxgame etc
Read 7 tweets

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