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Chris Burniske Profile picture
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10 Feb, 4 tweets, 3 min read
The most informed see the writing on the wall for how integral @BalancerLabs is becoming to #DeFi liquidity.
To date, @BalancerLabs has not been the flashiest of the AMMs, but it is beloved by builders for allowing them to build a vast array of liquidity pools to solve pressing problems.

Developers are sticky and grow independent dependence.
Over time @BalancerLabs will find itself at the center of more & more pivotal liquidity experiments.

The launch of its V2, which will allow for customizable AMM logic, and pools to be used for both exchange & lending, will only turbocharge the trend: medium.com/balancer-proto…
For those wanting a primer, here was @placeholdervc's thesis on @BalancerLabs: placeholder.vc/blog/2020/7/20…

Yes, we too hodl $BAL.

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More from @cburniske

Chris Burniske Profile picture
11 Feb
We're in a bullish flywheel.

Bullish news leads to more bullishness, which leads to the release of more bullish news ♾
I'm continually shocked at how driven by *hope* and *fear* all markets are. At their core, humans are so... human.
Capitalism's creation of capital is inherently speculative, try as we may to obfuscate the speculation beneath formality and formulas.
Read 6 tweets
Chris Burniske Profile picture
5 Feb
If you’re a #crypto founder, make sure to raise enough capital in the bull to last you through the bear.
Depending on the asset(s) you use to raise, make sure you have enough stable capital to last you for 3+ years come the end of 2021.
The party doesn’t last forever, and many of the quick believers we see around us now will just as quickly be skeptics in the bear.
Read 4 tweets
Chris Burniske Profile picture
31 Jan
It’s the year of 21, how could the coin of 21 not make its pilgrimage to the top? #Bitcoin
For the non-believers: everything human that’s set in motion is done so first through faith.

From there, we are pattern seekers.
And while there are those who say only the coin of 21 shall rise, they forget every cryptoasset is a descendant of the coin of 21.
Read 4 tweets
Chris Burniske Profile picture
27 Jan
The biggest threat to #crypto's current bull market in not crypto petering out, but another destabilization in the macro markets, maybe led by cracks in the mania of US equities:
I, too, want to believe in December 2021 being the top of this #crypto bull, just as December was the top in 2013 and 2017.
But when people get too comfortable in patterns is when those patterns change. History doesn't repeat, it rhymes.
Read 7 tweets
Chris Burniske Profile picture
26 Jan
Each crypto network represents a web of people and machines, contributing their capital and labor.
You see people use Metcalfe's law here as an approximation of value, and it's directionally correct.
The narratives, then, are the things that pull the capital and labor into a network's orbit.

And then that capital and labor goes to work for the network and its service(s), pushing its rise amidst the chaos of global markets.
Read 7 tweets
Chris Burniske Profile picture
25 Jan
Those expecting $ETH to bump its head against $BTC, instead watch as $ETHBTC pushes for blue skies.

If this continues, risk will go full-on.
Getting deja vu from March 2017, when all energy shifted from $BTC (ETF at the time) to $ETH.

That’s the far left yellow mark, with the right yellow mark Jan 2021.

When $ETH decides to move against $BTC in a month, it really moves 👀
And for those asking what I mean by $ETHBTC leading risk appetite in crypto, if $ETH is able to put in gains against $BTC, then every other coin believes it can do the same:
Read 4 tweets

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