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Roger Lu Profile picture
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2 May, 4 tweets, 3 min read
How can @avalancheavax improve its #DeFi ecosystem? This is the question which has been keeping me up at night... Here are my high-level suggestions:



1/4
1) Aggressively support NATIVE projects with grants & internal @avalabsofficial resources
2) Have a united front with your #defi "foundation" partners
@AvalaunchApp launchpad to bring in new projects
@yieldyak_ defi expertise & integration
@pangolindex DEX/liquidity

2/4
3) Focus on building TVL as your primary KPI, invest your war chest NOW. Be competitive & try to win vs other inferior chains. Yes, $AVAX is the best tech & CX (once on-ramped), but users will go elsewhere if that's where the growth, APY, growth & quality projects are

3/4
4) Don't be ashamed to use social media & influencers to advance the cause - it's part of the game & does make a difference

Just philosophical/strategic recs, I know better on-ramping (C-chain integration with CEXes) & more projects are coming soon. Let's go Team $AVAX!

4/4

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More from @rogerclu

Roger Lu Profile picture
3 May
Weekly AVAX Defi Ecosystem Commentary & Yield Farming Roundup (Mon May 3) on @avalancheavax Farming Yields for $PNG, $PEFI, $ZERO, $LYD, $OLIVE, $ELK, $YTS, $BAMBOO, $COM, & new $BAG + auto-compounders $YAK & $SNOB
1/19
1) Macro Commentary
I’ve been obsessed with the state of AVAX defi ecosystem since I widened my focus & started comparing vs other chains, & seeing that we’re losing in the race to build TVL


2/19
Here’s an updated table, adding also $MATIC & $LUNA as requested

& a cheat sheet of protocols:


This has caused me to start experimenting with other chains, notably #BSC & $SOL
3/19
Read 19 tweets
Roger Lu Profile picture
27 Mar
Finally @Pandaswapex is LIVE! Been waiting for this one all week. Farming/rewards of $BAMBOO will start at block 800,000 (~1-2 days). Come back for full review of APYs when launched!
@Pandaswapex yield farming is LIVE (as of ~9:45 UTC)!!!
Will try to post live updates on my strategy - GET IT HERE 1ST
But trying to press buttons as fast as possible to make free monies
#AVAXyieldfarming, *EXTREME* #ALPHAleak

Here's my @Pandaswapex playbook (which can be repeated for future new farms):

1) They told us farming rewards started block 800,000 -> go to avascan.info/blockchain/c/t… to see what block we are at

1/12
Read 14 tweets
Roger Lu Profile picture
25 Mar
Daily Update (Thu Mar 24) on @avalancheavax Farming Yields for @pangolindex, @OfficialZeroDEX, @complusnetwork, @YetiSwap, @elk_finance + @yieldyak_ auto-compounder

Hi All - since the last update a couple of days, I feel like I've aged 5 yrs...

1/12 ImageImage
1) Price Action: yesterday, we had some uplift with @Tesla's news that they would accept #bitcoin, but that was short-lived with crypto taking a dive & BTC struggling to stay above $50k & #Ethereum hovering ~$1.6k. $AVAX is -17% to $25.50. UGH!!!

2/12 Image
2) Yield Farming. In times of macro weakness, the investor tendency is towards risk aversion, and yield farming is viewed as risk-on. So I've been monitoring the farms closely, and it's good to see that, in spite of price weakness, there has been stability at the lows

3/12 Image
Read 12 tweets
Roger Lu Profile picture
25 Jan
I've been trying to understand for some time the impact of $GBTC (Grayscale Bitcoin Trust) on the price of $BTC. Here's a good article to start, and here's a thread on my current thoughts... 1/9

hackernoon.com/grayscales-gbt…
There's no doubt that $GBTC has been a driving force in allowing investors to gain exposure to $BTC. For many investors, it provides the easiest way to get crypto exposure. As a result, $GBTC often trades at a large premium (20%-30%) over spot $BTC 2/9
Recently in January, $BTC prices have declined from a high of >$40k to <$30k (now back near $35k). $GBTC's premium to NAV has also dropped to <5% 3/9
Read 9 tweets

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