this is why my operating thesis is and will remain "almost everybody is fkn re[dacted]"

you'd be amazed at how often that base assumption leads to (or at least allows) great trade opportunities
I mean hell, it's the sole reason farming can ever even be profitable (for most current implementations of it)
you don't even have to be smart

and if you're *too* logical you miss out

just be slightly less dumb than most and assume they aren't gonna suddenly get smarter
side note on the farming thing, someone remind me to write a thread about it tomorrow or something, it's a whole thing that I've never seen anyone talk about correctly

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More from @IDrawCharts

19 Sep
thread about farming aka liquidity mining as an incentive model and why it's completely broken but nobody seems to realize it (skip to #17 if you're already intimately familiar w AMMs)

v long and nerdy, fair warning

1/n
2/n

farming was designed as an incentive for users to provide a service: using their own capital to provide liquidity to an AMM pool

AMMs were created to solve the problem of high latency/settlement times for transactions on ethereum.
3/n

while a ~15s transaction time doesn't seem v long, if you attempt to make a market on a 15s delay, you'd be forced to keep your spreads incredibly wide in order not to offer prices that become bad before you can update them, especially during volatile periods
Read 35 tweets
7 Sep
buying sol up here is probably a terrible idea tbh. More likely to see a -50% than a double next

that said, if we get a -50% from here, buy the fuck out of it lol
this doesn't mean that shorting it is a good idea either

I haven't sold any of mine but I'm considering taking some off
I'm selling 20% of my stack

now if it goes to 0, I've still made a 6x
Read 4 tweets
28 Jul
who wants to hear about carry trades
ok if you don't, gfy

since we have the whole stablecoin thing coming up tomorrow (good or bad), did u know you can basically get synthetic USD on any exchange that lets you collateralize your positions in non-stables?
how it works

you're holding ETH, for example

but you want to hold USD instead

You could sell your eth for... idk, let's say it's trading @ 2k

but wait

the ETH december futures on FTX are trading at (example) $2100
Read 25 tweets

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