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
I can create and destroy synthetic derivatives

+ I can participate (minting + destroying $sUSD) with less than a day's wages

If you think this story is over and $SNX and other defi blueys have plateaued, you maketh me grin

4/6
What we’re doing right now is ripping international banking to shreds and democratizing every layer

Every piece is being atomized and reassembled

The banking stack is getting parceled out and reimagined as smart contracts

5/6
I don’t care how much money I’m making, I never lose sight of the democratization that’s happening here

And I feel lucky to be a part of it every day

6/6

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More from @redphonecrypto

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
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
29 Nov
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
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…
Read 5 tweets
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
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
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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