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Mira Christanto Profile picture
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21 Feb, 4 tweets, 1 min read
Bad day for Bitcoiners
POS: Proof of S̵t̵a̵k̵e̵ Supercar
One $BSV investor snuck in
The Nissan was towed away. Def $BSV

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More from @asiahodl

Mira Christanto Profile picture
22 Feb
1/ DeFi exploits are slowing but the $ size has been increasing. $ALPHA lost $38m last week - what does that imply ? Does losing -$285 million matter?

We dive into the impact of exploits on Price & TVL 👇🏻👇🏻 Image
2/ We list all the exploits vs TVL and price below.

Since the DeFi summer, protocols’ expected loss to hacks or failures = 0.1%. The Exploit Amount / TVL is much higher = 9%.

However, protocols are punished, losing -40% (average) of TVL in 24 hours.

messari.io/article/how-de…
3/ The most likely attack vector is a combination of an oracle attack with a flash loan. @chainlink has become the de-facto choice for projects looking to outsource oracles.

$LINK has been a beneficiary though also saw a node operator spam attack in Aug-2020 Image
Read 6 tweets
Mira Christanto Profile picture
17 Feb
1/ Memes only get you so far. Tokens eventually meet gravity and trade on valuations.

So how do you value DeFi Lending tokens?
$AAVE, $COMP, $ALPHA, $MKR, $CREAM

Thread👇🏻👇🏻
messari.io/article/a-clos…
2/ Why is this important? Lending Deposits are at $20 billion, generating $660 million interest annually.

Protocols extract value by both attracting capital and putting it to use. Major pricing dislocations happen.
3/ Loan Origination --> Fees are typically extracted based on borrow volume. @AlphaFinanceLab has originated $1 billion in its first 3 months.

Price / Borrow Volume is a key metric. In the report, we also showcase Borrow Vol growth
Read 8 tweets
Mira Christanto Profile picture
5 Feb
@FTX_Official adds new features at an unprecedented pace.

Here we value $FTT based on 1. Burn Yields, 2. Price/Sales, 3. Price/Earnings and those 3 metrics vs Growth.

Thread on $FTT 👇🏻👇🏻👇🏻

messari.io/article/valuin…
FTX created innovative new products like basket trades, leveraged tokens, prediction markets, and tokenized stock trading.
It has grown to be a major venue for futures trading:
2/ Image
Due to the hype of the launch, and lockup schedule -- $FTT soared after launch but flatlined for ~1 year before rallying again at the end of 2020:

3/
 messari.io/article/valuin… Image
Read 9 tweets
Mira Christanto Profile picture
4 Feb
1/ Real talk: How does BRRRRRR translate to higher crypto prices?

All the answers to your questions in plain English --> messari.io/article/modern…
2/ There are 2 types of investors: those who want to GET rich and those who want to STAY rich.

Modern Monetary Theory (MMT) for those who wanna stay rich requires us to look at history & politics.

There has never been as much debt or low interest rates as we have today
3/ First the basics... What’s Quantitative Easing (QE)?

QE is monetary policy (targeting interest rates and money supply) where a central bank injects money by buying financial assets. That puts money in the hands of people and is meant to pump the econ

messari.io/article/modern…
Read 14 tweets
Mira Christanto Profile picture
28 Jan
@SushiSwap started with a vampire attack and Ctrl+C Ctrl+V of @UniswapProtocol. It even survived a rugpull. But in the past months, it has reinvented itself with new leaders, innovation and a merger with @iearnfinance.

So what's the valuation of $SUSHI ?

Time for a thread👇🏻👇🏻👇🏻
@SushiSwap is evolving from being an exchange to include lending, franchised liquidity pools, cross-chain integrations and a launchpad.

Under #Yearn 's ecosystem, it'll benefit from new network effects.

Want to get up to speed? Explanations (here) --> messari.io/article/valuin…
2/
$SUSHI has put their past behind, with $2 - 2.5 billion in liquidity and weekly volume.

Sushi stands out as it has no venture capital backing, it’s community driven and innovates quickly. Can they stay ahead of competition?

3/
Read 8 tweets
Mira Christanto Profile picture
20 Jan
Asia is the most active #crypto market. We have a history of dictators, currency depreciation, capital controls -- all ripe for disruption.

Behold Messari's Asia Crypto Landscape: Everything you want to know about the major players

messari.io/asia-crypto-la…
Asia-based companies account for 98% of $ETH and 94% of $BTC futures volumes. Basically, the entire globe.

Why is that? messari.io/asia-crypto-la…

We wrote this with @_blockdaemon -- with end-to-end middleware platform to connect to any protocol with enterprise grade security.
Asia accounts for 43% of global cryptocurrency transactions activity.

Why do they need this? What's going on in the market?
>>> messari.io/asia-crypto-la…
Read 4 tweets

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