Thread by @rogerclu

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

https://twitter.com/rogerclu/status/1386041239628288006

2/19

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

& a cheat sheet of protocols:

https://twitter.com/rogerclu/status/1387886556749471745

This has caused me to start experimenting with other chains, notably #BSC & $SOL
3/19

So let's compare @avalancheavax & @solana. My $AVAX experience is what @ronnychieng would describe as “ZERO LAG” or “PRIME BEFORE”. (Warning: this is extremely funny & may cause you to snort)


4/19

On the other hand, this was my experience on $SOL. Lots of lag & prime waayyyyy after...

Which has made me think, how has SOL 7x’ed since the start-of-year with $AVAX flat with objectively a much much worse product & CX?
5/19

@solana's success probably has something to do with taking a united front aggressively supporting native projects. For example, $RAY supported the launch of a competing DEX $STEP as it reached ~$200m TVL (for just 1 pool or ~all TVL @pangolin)

https://twitter.com/rogerclu/status/1388039117032902657

6/19

Here’s my high-level suggestions to @avalabs, which looks like @el33th4xor seems to agree with:

https://twitter.com/rogerclu/status/1389002630312116227

7/19

Recently, I’ve taken a much more activist position within the #AVAX defi ecosystem, including being a strategic advisor to @YieldYak, @Avalaunch & @gondolafinance. I’m excited to announce that starting this week I’m joining @AvaLabs as defi consultant
hazelbrookcapital.com/projects
8/19

helping specifically w/ strategy, bus dev, partnerships, research, & more generally as a bridge to the strong & vibrant AVAX community. So basically what I do already & will continue to be independent & unbiased in my feedback & opinion
9/19

2) @avalancheavax #DeFi Landscape
Anyhoo, what a week for $AVAX. The #DeFi gods must have been listening to my prayers, because AVAX #defi is RIPPING (finally)

https://twitter.com/iomarkr/status/1388232238039543813

10/19

$AVAX TVL is +67% to $330m TVL over the past week and my working theory is that its due to many reasons:
a) $SPORE (ala $MOONSAFE) #BSC $ -> AVAX $

https://twitter.com/rogerclu/status/1387463761825517573

b) $BAG airdrop to X-Chain stakers who may not have already otherwise been active in AVAX #DeFi
11/19

c) @el33th4xor interview highlighting new projects & alluding to a potential @coinbase partnership/DEX integration
d) a more aggressive & proactive @avalabsofficial behind the scenes in response to feedback?

https://twitter.com/rogerclu/status/1389088720981274626

12/19

Meanwhile, many projects had notable weeks:
-$PEFI up +250% & taking 2nd place TVL to >$20m
-$YAK growing TVL +140% on back of $YAK airdrop
-$SNOB up +200% on official pairing on $PNG
-$GDL launching yield farming TODAY 14:00 UTC
-$BAG airdrop & launch & TVL >$3.5m TVL

13/19

Related links:
-@penguin_defi:

https://twitter.com/penguin_defi/status/1388157081702785024

-@yieldyak_ : yieldyak.com/token
-@gondola_finance :

https://twitter.com/rogerclu/status/1388173767134883840

-@throwsnowballs :

https://twitter.com/throwsnowballs/status/1388356525991763971

14/19

- A lot of news coming out of @OfficialZeroDEX as usual, including their 1st official IDO, $WAS

Great work @GramCustodian & $ZERO – I found this community update particularly helpful
15/19

- Frankly its nearly impossible to track everything which is why @WeekInAvalanche is such a great service. Thank you @Best_coder_NA !

https://twitter.com/WeekInAvalanche/status/1388212047985315841

16/19

3) Portfolio Strategy
Lastly, I made a few allocation changes, notably:
-$PEFI: increased my TVL substantially, incl. $AVAX-$ETH LP (>300% base APY, >10k% on @yieldyak_ compounded)
-Invested in $BAG farms, but left due to busy weekend & relatively low emissions/rewards
17/19

-Moving into $GDL farms starting today 14:00 UTC
-Still have a big macro play on DEXes with O/W on $SUSHI which IMO Is undervalued & which is earning v high $APYs in $AVAX farms
-Continue to have large $ZERO bag due to big project bet & launchpad participation
18/19

Stay safe yield farming & have a great week!!!

Please consider donating for Covid relief:

https://twitter.com/rogerclu/status/1389153910019985415

@John1wu @el33th4xor @kevinsekniqi @encycloplydia @SJohn_Nahas @phillipliujr @exk200 @avalabsofficial @yieldyak_ @AvalaunchApp @gondola_finance @Best_coder_NA
19/19