i will say that locking up tokens for a long time / forever makes for a real good ponzi after the initial supply that is sloshing around gets soaked up, if demand can sustain or increase
its not some amazing revelation, just basic supply / demand, innit
convex has double the TVL of yearn
thats where the 1st tweet comes into play
unless industrial sized yield farming aggregators can find deep, alternative sources of yield, the only game in town is the curve game
and the winner of that game is pretty much already decided
another tailwind is that preCRV farmers like myself have already finished receiving the 1 year's worth of tokens that have been dripped to us
anyone that wanted to sell their preCRV would've probably already done so by now, so low / no sell pressure from that segment
i would say that im no longer bearish on CRV anymore
if there arent any new challengers, i can see CRV / CVX doing well in USD terms
but its another question if CRV / CVX can outperform ETH
what i would be interested in would be to see arguments of CRV vs CVX, if one could only select one of these coins to invest in
i feel that the quickest way for me to find out the answer is to loudly declare one as the obviously better investment and ridicule holders of the other coin, and wait for them to come up with counter arguments and watch both sides duke it out in the comments
cunningham's law
btw im not trying to pump bags
im on the same journey as yall to learn more and to hopefully make good investments with the information available to review
as you know, i only have stables 🙏
obviously the simplest way to capitalize a bit on this thesis with low risk
is to farm both
with stables
oh my how coincidental
you win, G wins 🥳
you lose, G still wins 😈
lovely situation innit 🤝
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1) stigma against NFTs and cancellation risks 2) rights only over OC characters 3) most marketplaces wont allow porn (only fancy pants artistic-looking nudity, kek)
a bit sad to see artists having to be ultra low-key about selling NFTs
the artists that are embracing NFTs are probably realizing that it doesnt only have to be an extra distribution channel
it could an alternative way to fund their careers and find commercial success as an artist and another way to interact with patrons / enjoyers
but as with a lot of things in the attention economy, the later you join the game, the harder it is to succeed
new artists will be struggling to gain relevance and mindshare against existing artists already operating in the space that are more familiar and have a history
imo the biggest disadvantage that tardfi has with ETFs is that their position just sits idle with expense drag, while the crypto natives are able to earn yield, if they choose to do so