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Andrew Køng Profile picture
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29 Apr, 4 tweets, 1 min read
30% probability $CAKE flips $UNI
Would have placed it at under 5% a month ago
- Massive momentum/uptrend
- Stronger marketing/virality/memetic engineering
- Vertical growth in TVL/Volume/Users
- Largely retail holderbase
- Orderbook/flow dynamics
- @PancakeBunnyFin staking yields creating long market bias $ further TVL/Farm reflexivity
Most people write off @PancakeSwap as simple Uni fork not realizing they've built a full product stack. Nothing really compares to it

- Syrup Pool/Farm Program
- IFOs
- Trading Battles
- NFT/Collectibles
- Predictions (Binary options)
- Lottery

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More from @Rewkang

Andrew Køng Profile picture
25 Apr
Ethereum vs Binance Smart Chain Active Addresses
Ethereum vs Binance Smart Chain Daily Transactions
It's interesting that these ethereum network activity metrics are only just starting to surpass peak of last cycle and growth doesn't yet seem parabolic, indicating that there may still be a lot of room to grow
Read 8 tweets
Andrew Køng Profile picture
20 Apr
Broke: BNB is pseudo equity in worlds largest crypto exchange trading $100B+ daily

Woke: BNB is the native asset of BSC, the fastest growing L1

Bespoke: BNB is an index bet on Safemoon and its forks
Charts are only relevant if they imply UP Image
Safemoon is many people’s first experience with DeFi. After they learn about Safemoon, could posit that they start learning about yield farming in BSC eco. Bunny, auto, pancakeswap, etc. non trivial chance that retail hype pushes BNB to flip ETH
Read 5 tweets
Andrew Køng Profile picture
15 Apr
What the fuck did you just fucking say about Thorchain, you little bitch? I'll have you know I graduated top of my class in the @THORChainLPU, and I've been involved in numerous secret raids on Uniswap, and I have over 300 confirmed swaps.
I am trained in aping into shitcoins and I'm the top degen in the entire Degen Score Citadel. You are nothing to me but just another bagholder. I will bankrupt you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words.
You think you can get away with saying that shit about $RUNE over the Internet? Think again, fucker. As we speak I am contacting my secret network of rug pullers across the USA and your ETH address is being traced right now so you better prepare for the storm, maggot.
Read 7 tweets
Andrew Køng Profile picture
27 Mar
Almost got into a bidding war with an army of simps today but ended up being a part of @pleasrdao, a first of its kind Art DAO dedicated towards crypto art

The future is community ownership
The DAO idea originated with this tweet

Was not aware of the DAOs existence and initially planned to win it. Started with an initial 100 ETH bid
Read 11 tweets
Andrew Køng Profile picture
15 Mar
1/ There has been a lot of accusations regarding fake activity towards Binance Smart Chain (BSC) the past few weeks, but little evidence

We actually researched BSC user & economic activity and compared to other DEXs - here's what we found

Thread 👇
2/ The most commonly cited questionable activity we saw was that of unique addresses

The sudden uptick in unique addresses was mostly attributed to CHI tokens being minted. When BSCscan changed their algo to exclude addresses generated by the CHI contract, slope normalized
3/ @calchulus breaks it down in this thread in more detail in this thread

Read 21 tweets
Andrew Køng Profile picture
7 Mar
1/ This thesis around Oracle usage in AMMs has mostly played out with the initial designs failing to capture high TVLs since the design was economically unfavorable for LPs

Kudos to @Bancor and @BreederDodo teams for evolving their models to find better designs
2/ The oracle design is expensive for both the protocol (gas fees to push updates) and LPs (excessive permanent loss)

Bancor V2.1 eliminates oracle usage all together and Dodo V2 seems to focus more on private MMs & customizable bonding curves
3/ We still see many projects pitching oracle based AMM designs, but even if they kind of work on L2 I don't find them that exciting because relying on external CEX liquidity is fundamentally not aspirational and doesn't scale in a world where liquidity migrates to DEXs
Read 4 tweets

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