DeFiGod Profile picture
6 Apr, 6 tweets, 2 min read
1/ The year is 2021 you are woken up at 5:59am by a Victoria Secret supermodel. She immediately orgasms after taking one look at your Blockfolio. You tip her 0.000000000000000001 $AAVE for the privilege. You receive a phone call from Vitamin Butane, asking for an $ETH loan.
2/ You promptly hang up without saying a word. After he scales $ETH we can talk monetary policy. Next you call up @RookieXBT and see his aped into an utter scam and is up $500k in 10 mins. You ape in with $10m at 100x. You don't want to be right, you want to make money.
3/ You close at 1,000x 20 minutes later. After depositing 1 billion $LINK in AAVE you withdraw all the USDC and use it to rage buy the top of $BNT, immediately surpassing the ATH, which you set yesterday. You head to the gym in your 2043 custom made Ferrari that the dealer made
4/ you free-of-charge after he saw your Curve liquidity pool balances. After squatting 900 pounds you check your phone just in time for the $FEI launch and see over $1b ape in and immediately get rugged. You chuckle. After leaving the gym 1999-era Britney Spears
5/ is waiting for you in the Ferrari. She immediately orgasms at the sight of your muscles bulging out your diamond encrusted Gucci shirt. You tip her 0.000000000000000001 $ETH for the privilege. Powell rings the phone and asks you how to deposit to the Yearn USDP vault
6/earning 60% APY, but you promptly hang up. You do not negotiate with terrorists. Then you head to the marina for to attend the inaugural $LINK yacht party. The year is 2021.

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More from @DeFiGod1

3 Apr
1/ Here's a thread for the Amerifats
2/ You can make 100% tax-free crypto trades, farming, LPing, interest, etc. using a self-directed IRA. A self-directed IRA is a special retirement account that enables you the IRA owner to purchase non-traditional assets without the permission of a custodian. These assets include
3/ real estate, precious metals, and crypto. You need to find a custodian that allows for self-directed IRAs. Here is one.
Read 9 tweets
2 Apr
1/ The @Bancor ponzi pays you 64% to add-value to the protocol and liquidity. Probably the most capital efficient way to earn yield in DeFi. No need to overcollateralize shitcoins and worry about financing.
2/ The marketcap is less than the TVL.....with over 68% of the supply staked.
3/ FDV is less than all major dexes and Arbitrum implementation about to drop at any moment.

Economic studies indicate the fees earned by the protocol side BNT far outweigh cost of IL protection. Partly due to the 100 day lockup, but this also puts deflationary pressure as the
Read 4 tweets
29 Jan
1/ How about a little $ALPHA leak?

People think that @AlphaFinanceLab is a leveraged yield farming protocol and its core that's true, but I think they are building and will develop into something much bigger. Their upcoming v2 launch will enable users to yield farm by
2/ borrowing stablecoins from @CreamdotFinance as one of two protocols (the other is @iearnfinance) whitelisted as part of Cream's zero-collateral lending for the Iron Bank. You won't have to yield farm being short eth anymore, you can short the worthless dollar.
3/ The flip side is that depositors into the ibETH pool are earning 11% APY interest on their ETH. I don't recall the utilization ever being below 80% either and I've been tracking since early December. Clearly, there is high demand for yield farming.
Read 14 tweets
28 Jan
1/ DeFi is way up, some are parabolic, not sure what happens to price in the short-term. But in the long-term the last 48 hours have been it so painfully obvious that DeFi - a permissionless financial system - is 100% going to be more pervasive and unironically the future.
2/ The boomers and hedge funds, excluding @santiagoroel (jk), don't need to ever understand it or embrace. The millennials and the zoomers will. The ones born out of the dot com bubble, the financial crisis, student loans, crazy housing prices, low real wages. The game is rigged.
3/ DeFi is the way out. Soon kids will trade on their phones synthetic stocks, swapping for synthetic gold, converting to USDC, and sending to their friends, or making online purchases. Using permissionless accounts on dexes, and 100% controlling their own funds.
Read 4 tweets
31 Dec 20
1/ What is Basis Cash? Basis Cash is an algorithmic, elastic supply stablecoin model that recently launched. It is a 3-token model of the elastic supply stablecoins vs. 1 token (scAMPLE) and 2 token (ESD). The three tokens are BAC (Basis Cash),
2/ BAS (Basis Share), and BAB (Basis Bond). In light of recent regulations, and in my opinion, insufficient current stablecoin models (DAI, sUSD), DeFi is in need of a true censorship resistant stablecoin that is both capital efficient and can easily scale with demand.
3/ Enter elastic supply stablecoins. $BAC and $ESD are my picks, and I believe they will both print billions on chain in the future due to their unique PMF, and the way the incentive designs are structured. If BAC TWAP > $1.05, and the Treasury has over 1,000 BAC, BAS stakers
Read 13 tweets
6 Dec 20
1/ Let's talk about Impermanent Loss and how it can be solved using tranches and segregating returns between parties.

⚠️𝐂𝐥𝐚𝐢𝐦𝐬 𝐭𝐡𝐢𝐬 𝐩𝐨𝐬𝐭 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐬 𝐀𝐥𝐩𝐡𝐚 𝐚𝐫𝐞 𝐮𝐧𝐝𝐢𝐬𝐩𝐮𝐭𝐞𝐝.
2/ @saffronfinance_ is building a tranche ecosystem that is bifurcating yields between high-risk/high-return and low-risk/low return tranches. The initial products were aimed at interest generation. High-risk tranche earns 10x interest of low tranche, in exchange for insuring the
3/ principal of the low-risk tranche if there is an adverse event in one of the underlying lending/yield aggregating platforms. Now, thinking outside the box and expanding a bit this can be applied to insurance, more specifically IL insurance.
Read 11 tweets

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