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29 Nov, 5 tweets, 2 min read
I can only see the watch and its parts

Not into the mind of the watchmakers

But THIS is the $100 billion question

A few thoughts on $HEGIC + $YFI below
1) There are differences in their approach

2) I'm long $YFI + $HEGIC. There could be some sort of symbiosis in the future (see link), but it's murky... even with this Nov 10 post from our boy Dre

(I welcome insights)

medium.com/iearn/yearn-fi…
3) There are many other potential partners for Hegic. Dex aggregators like @1inchExchange, interest platforms like @AaveAave, etc.

4) Plenty of dilution incoming for $HEGIC, so it'll be an interesting ride. They will need to grow very rapidly.
5) Perhaps most importantly, I buy projs that deliver useful shit. Others can buy into elegant whitepapers and phd, banker buddy advisors

I overweight products that are in the marketplace and have demand

I underweight chum

+ overweight builders

• • •

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More from @redphonecrypto

redphonecrypto Profile picture
1 Dec
Potential hockey-stick growth areas in crypto for 2021+

Starting w/ #defi
- Crypto derivatives $SNX $HEGIC $SYN Deriswap ($YFI & $SUSHI)
- Cross-chain native-token swaps $RUNE (maybe $SWTH and something in the $DOT ecosystem)
- Crypto insurance $COVER $wNXM

More below
#defi
- Tokenized debt stablecoins @arcx_money $ARCx, Stablecredit, $RAMP @RampDefi

#strangefi
- Derivatives of strange things @UMAprotocol $UMA $JRT

#tradfi
- Crypto debit cards (@fold_app, @coinbase)
- Crypto banks (@krakenfx, @CaitlinLong_)
- Crypto + rewards point (@Bakkt)
- Integrating defi yields into tradfi (i.e. @AaveAave yields within the @PayPal app)
- Selling trashbag coins like $BCH
- $BTC yields (@BlockFi, @CelsiusNetwork $CEL)
- CBDCs
- More companies joining @sqcrypto and @MicroStrategy by adding $BTC to their treasuries
Read 5 tweets
redphonecrypto Profile picture
1 Dec
I talk about $RUNE like a fanboi a lot

But there's something serious underlying that talk

And that is a question: what if $RUNE renders billions of dollars of R&D funding and complicated cross-chain solutions and pegs unnecessary?

More below
Playing devil's advocate: what if $DOT, $ATOM, $BNB, etc. are all overengineered clunkers?

What if they're woody wagons in a world with Teslas?

Once we can seamlessly move between blockchains with the actual native tokens, why use a purpose-built peg system?
Projects can simply spin up a blockchain and add liquidity to Thorchain then use it like a bridge between their chain and any chain in the world

Thorchain could become THE liquidity platform... the liquidity middleware if you will that's called in like any function
Read 6 tweets
redphonecrypto Profile picture
30 Nov
Sometimes I have moments where I’m just in awe of crypto

I don’t think you’d be here if you didn’t have similar moments

When I think about something like $SNX, I see “efficiency” and “trustlessness” and “KYC-free trading” but on a much more personal level...

1/6
...I can’t believe the power it gives me

Here I am, a little pleb from the burbs who’s literally went to bed early some nights bc I didn’t have enough food

I don’t have an MBA or a series 7 or a banker daddy

2/6
I just got a little thirst for learning and for making sure I never go hungry again

And that’s what’s led me here over the years... and what a fucking place we’re making sers

With $SNX, I can do something that 5 years ago only international banks could do...

3/6
Read 6 tweets
redphonecrypto Profile picture
28 Nov
I'm long $HEGIC, but I've never said why

Let me do so now

$HEGIC = an options protocol

[Notice the word "protocol"]

More 👇
<

annoying definition time:

options are a way to hedge or protect your investments in things like $BTC and $ETH

or to make leveraged bets on big price moves...

translation, they are advanced tools for chads-squared

/>

2/x
$HEGIC offers options on $ETH and $wBTC atm

What excites me about it is this word: protocol

$HEGIC = a set of rules that enables the construction of an entirely new options ecosystem

It = scaffolding that other devs can build different financial tools and products on

3/x
Read 18 tweets
redphonecrypto Profile picture
27 Nov
Your title and your creds mean shit here sers

There is a societal transmogrification underway

In crypto, idgaf about your back acne, only contributions matter

Where tf else do you find yourself listening to audio interviews with anons?

More below
I don't think I've ever listened to an anon podcast before... then, 2 weeks ago, I find myself listening to a transcript with #psyopsGod @DegenSpartan



2/x
Today, I find myself listening to Molly's "synthetically generated avatar"

She looks so charming, but she bring-eth her f'ing 🪓 and cuts your ego to shreds



3/x
Read 7 tweets
redphonecrypto Profile picture
27 Nov
The $SYN price isn't deterministic. It's still dictated by supply and demand

However, once $SYN staking begins and if SynLev can sustain $10 million in daily volume, the platform will be spitting out $20,000 per day to be split among all $SYN stakers

More below
If 80% of $SYN is staked, and there are say 20 million $SYN tokens in circulation, that means each staked $SYN (16 million of them) will be earning $0.00125 in staking fees per day or $0.45625 per year

2/x
If $SYN tokens are spinning off that much income, the price of $SYN can be expected to rise bc people will want to capture that income

If $SYN rises to $2.10 and it's paying $0.45625 per year, that translates to a yield of 21%+, which seems reasonable/achievable

3/x
Read 9 tweets

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