My thesis on @templedao in a quick thread
I know a lot of Templars have a variety of viewpoints on how Temple is going to be revolutionary, but wanted to give my own two cents
I know a lot of Templars have a variety of viewpoints on how Temple is going to be revolutionary, but wanted to give my own two cents
1⃣ General Narrative
In the early days, of which unfortunately I did not partake, making trades on ETH was relatively inexpensive. $300 ETH meant maybe you were paying at most $30 for at trade, but now that ETH is at $3000 you're paying $300
Well that's a problem
In the early days, of which unfortunately I did not partake, making trades on ETH was relatively inexpensive. $300 ETH meant maybe you were paying at most $30 for at trade, but now that ETH is at $3000 you're paying $300
Well that's a problem
1⃣ con
For one in creates a barrier to entry into the ecosystem for new participants.
How can I possibly justify an investment where 10-20% of my trade evaporates into gas cost?
Even if I'm already in the ecosystem there's a significant disincentive for me to participate
For one in creates a barrier to entry into the ecosystem for new participants.
How can I possibly justify an investment where 10-20% of my trade evaporates into gas cost?
Even if I'm already in the ecosystem there's a significant disincentive for me to participate
1⃣ con
If it's difficult for me to manage my portfolio and make the trades I want due to gas cost, then how can I effectively manage my risk/return ratio at a level that suits me?
This is effectively the market that TempleDAO is targeting with their innovative business model
If it's difficult for me to manage my portfolio and make the trades I want due to gas cost, then how can I effectively manage my risk/return ratio at a level that suits me?
This is effectively the market that TempleDAO is targeting with their innovative business model
1⃣ con
TempleDAO's mission is to provide a variety of investment vehicles to the layman market participant who's not "crypto rich" enough to actually execute on sophisticated investment strategies
AFAIK there is no one else serving this market segment
TempleDAO's mission is to provide a variety of investment vehicles to the layman market participant who's not "crypto rich" enough to actually execute on sophisticated investment strategies
AFAIK there is no one else serving this market segment
2⃣ Product
What actually is @templedao going to do to solve for this market need?
They're going to create a variety of investment pools to satisfy your given risk/return ratio
The first of which is going to be $TEMPLE, who's goal is to provide stable but significant returns
What actually is @templedao going to do to solve for this market need?
They're going to create a variety of investment pools to satisfy your given risk/return ratio
The first of which is going to be $TEMPLE, who's goal is to provide stable but significant returns
2⃣ Product
I'd direct specific product explanations to my prior post, and I might post some direct examples late, but my goal here is to show the future buy-in for the protocol and why its valuable
I'd direct specific product explanations to my prior post, and I might post some direct examples late, but my goal here is to show the future buy-in for the protocol and why its valuable
https://twitter.com/GoolagCrypto/status/1442590784641900548?s=20
3⃣ Future Products and Team
Here is where the real buy in for TempleDAO comes in for me. Ultimately when you choose to invest in speculative assets you're making an, hopefully, educated bet on their team and future success
Here is where the real buy in for TempleDAO comes in for me. Ultimately when you choose to invest in speculative assets you're making an, hopefully, educated bet on their team and future success
3⃣ con
At this point hopefully you've understood that there is a market segment out there with demand for this product, but the real buy in is understanding the team and having confidence in their expertise
At this point hopefully you've understood that there is a market segment out there with demand for this product, but the real buy in is understanding the team and having confidence in their expertise
3⃣ con
The true show of success for TempleDAO is whether they can continually innovate and create new sophisticated investment pools for new users to buy into
The way I picture it is this: A long-view hedge fund that provides optimal risk-adjusted returns based on your profile
The true show of success for TempleDAO is whether they can continually innovate and create new sophisticated investment pools for new users to buy into
The way I picture it is this: A long-view hedge fund that provides optimal risk-adjusted returns based on your profile
3⃣ con
The reason why IM so bullish is I've seen firsthand the capabilities of the team while participating in their discord. There's some great thinkers there who are developing the roadmap every day
Let me give you an example of a future product
The reason why IM so bullish is I've seen firsthand the capabilities of the team while participating in their discord. There's some great thinkers there who are developing the roadmap every day
Let me give you an example of a future product
3⃣ con
Consider the person who wants to take a loan out on their staked Temple. This is a commonplace need for DeFi investors
However, with an unstake queue in place for stakers the entire incentive dynamic is misaligned
Consider the person who wants to take a loan out on their staked Temple. This is a commonplace need for DeFi investors
However, with an unstake queue in place for stakers the entire incentive dynamic is misaligned
3⃣ con
If I want to give a loan out on some collateral, I need to have confidence I can quickly liquidate that collateral
If I want to give a loan out on some collateral, I need to have confidence I can quickly liquidate that collateral in the case of default
If I want to give a loan out on some collateral, I need to have confidence I can quickly liquidate that collateral
If I want to give a loan out on some collateral, I need to have confidence I can quickly liquidate that collateral in the case of default
3⃣ con
However with the unstake queue, there's going to be some additional variable timeframe before I can liquidate the staked Temple in the case of a default
So that disincentivizes me from giving a loan, I need to be appropriately compensated for that risk
However with the unstake queue, there's going to be some additional variable timeframe before I can liquidate the staked Temple in the case of a default
So that disincentivizes me from giving a loan, I need to be appropriately compensated for that risk
3⃣ con
The standard mode of compensation then would be for me to charge a much higher interest rate on an illiquid asset like sTemple, but then you the borrower would be disincentivized from borrowing due to the high interest rate
How do we solve for this?
The standard mode of compensation then would be for me to charge a much higher interest rate on an illiquid asset like sTemple, but then you the borrower would be disincentivized from borrowing due to the high interest rate
How do we solve for this?
3⃣ con
It's actually quite simple, TempleDAO can create a separate investment pool for Temple stakers to take loans out on their sTemple
Why does this work?
Well if you stake your Temple with the DAO they're already in possession of the collateral and can liquidate easily
It's actually quite simple, TempleDAO can create a separate investment pool for Temple stakers to take loans out on their sTemple
Why does this work?
Well if you stake your Temple with the DAO they're already in possession of the collateral and can liquidate easily
3⃣ con
That's an example of the future value of buying Temple now, access to their future investment products
I'm super excited to see their future roadmap and releases, and I'll be diligent in my reporting of them for my fellow Templars and friends
That's an example of the future value of buying Temple now, access to their future investment products
I'm super excited to see their future roadmap and releases, and I'll be diligent in my reporting of them for my fellow Templars and friends
Not financial advice dummy
• • •
Missing some Tweet in this thread? You can try to
force a refresh
