🤡 musings (not f'ing advice) on defi + adoption + #s

1/ It's January, and a single country (the U.S.) is already floating the idea of a $3t stimulus package

2/ Defi has done about a 27x in TVL over the past year to hit $22b lol

More 👇
2.5/ If the defi trend continues over the next year, we'd be approaching $600b in TVL

3/ Sound big? Consider that there's $18t earning negative yields atm ($600b is just 3.5% of that #)

4/ Let us be reasonable bulls and say $BTC and $ETH triple this year That alone would take the crypto industry to $2.5t

5/ If the industry hits $2.5t and 20% of that finds its way into DeFi, we're at $500 billion TVL
6/ For defi to grow into the many hundreds of billies (and potentially $1 trilly), we'd need to see a massive upscaling in insurance and fixed yields (this favors the big, battle-hardened platforms btw)
7/ We'll certainly need to see some banks, fintechs and at the very least exchanges move customer funds into defi on their behalf (with approval of course)
8/ Don't assume all this has to happen in the U.S. or <insert your country here>. Will prob happen in more permissive jurisdictions first. If you're thinking too country-centric, you're f'ing yourself
9/ Plenty of risks... like the stupid shit we just saw out of the UK (with banks cutting off crypto-related transactions)... war... horrible new regulations, etc

10/ But everyday, I fee more convinced that defi shall melt faces, abdomens and soles of 👣 this year, sers
11/ If you're getting shaken out by pull-backs, buy the best of the best in defi, kill your leverage and let time do the heavy lifting

As I've said before, there is no better time to be alive and aware of what's happening than at this very moment right f'ing now, sers

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More from @redphonecrypto

15 Jan
A lot of people bitch about whales, but small traders have advantages, too

1 = Time

You can use it like a shank and stick it in the sides of the less patient and/or more active traders by holding long-term

2 = Ability to enter tiny projects

More 👇
It simply isn't worth a whale's time to look at low MC projects (say anything less than $10-$50 million)

There usually isn't enough liquidity there...

If you're holding $10m, putting $10k into a high-risk investment doesn't move the needle much
Sweet spot = entering a tiny project that's here for the long-term

I visualize projects as moving through plateaus. You can ride that climb

Plateau 1 = the true degen traders who buy tiny presales and do a lot of Uniswap flipping
Read 7 tweets
3 Jan
Sers, the results are in

May I present to you the official $DEGEN10

These are the Top 10 tokens (excluding $BTC and $ETH) that many of the most diehard crypto OGs think will dominate in 2021...

More 👇

The 2021 $DEGEN10

$SNX (102) @synthetix_io
$AAVE (79) @AaveAave
$SUSHI (76) @SushiSwap
$RUNE (71) @thorchain_org
$YFI (71) @iearnfinance
$LINK (50) @chainlink
$DOT (41) @Polkadot
$UNI (39) @UniswapProtocol
$GRT (35) @graphprotocol
$SYN (35) @SynLevdefi

👆 (parens = # of votes)

I'll track the performance of the $DEGEN10 vs. $BTC, $ETH and $USD regularly

142 entrants in total

Current plan = track the performance of the contributors' individual picks to see which degens rule them all at year end...

Read 11 tweets
1 Jan
legends were born this year, sers

and legends extinguished

and i was here with you to see it all

10k followers in 7 months. Mineself is honored and astounded

mineself once was lost

but now i see

the walls around the halls of power look so very thick and mighty

but they are made of cake

and we have shown up hungry

a single tongue fills many mouths

it speaketh the freest language the world hath ever known

words come out in code

1s and 0s disturb the iron claw

from Dalian to Memphis... La Plata to Tallinn

we do not let the $$ lead us astray

for we are only partway there

after 12 years of building, the true fun begins

this year, sers we fucking take it to the people

we reach a hand into the future and pull ourselves forward by a generation

we change the order

Read 6 tweets
31 Dec 20
Lo, sers, I have been down in the crypto valley and stood upon the rapturous peaks

Down low, I exited two trades too early over the past 18 months. Both could have turned a few thousand $$$ into 7 figures had I pegged the top

More 👇
I could focus on those and turn into a bitter biotch who over-trades and checks the charts every few minutes, but i’ve made plenty... enough even to give some $$ to my local homeless shelter this year

If I'm honest, when I think about “trading” cryptos, I sometimes feel perverse
I’m thinking gains while the very ground is trembling beneath our feet. I’m just happy sers to be alive and aware of what’s happening right now

We live in the land of plenty, and the playing field hath been leveled
Read 7 tweets
30 Dec 20
🤡 musings on the $COVER hack & the professionalization of crypto

1. Every exploit that doth not kill me makes me stronger

So long as the dev and the community does not give up, the product actually gets better
2. Crazily, the exploit could benefit token holders who were long. We sell for a tax loss and get new tokens, presumably in a new tax year

3. The above assumes, of course, people haven't lost complete faith in the project and the new tokens retake old highs (far from guaranteed)
4. I've been thinking a lot about the "professionalization" of the space

The new drum-beat in my mind is "The MBAs are coming"

Can small, grassroots teams compete with well-funded sharks from Wharton and MIT?
Read 4 tweets
29 Dec 20
One 🤡's ELI5 on $WHITE @WhiteheartDeFi

Wtf is Whiteheart?

(art via @crypto_caviar)

<commence thread 👇>
First, you have to understand $HEGIC

It's facing dilution, but I'm long-term bullish

See the thread below on why... or read the tldr below

tldr = $HEGIC isn't your typical options platform...

it's an options protocol, which take options from something that trades on CLOB-y centralized exchanges and turns them into the fabled "money legoes" Ethereans love
Read 22 tweets

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