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
tardfi pays 0.95% every year in fees
for simple illustration sake, lets just use FTX margin lending
crypto peeps probably can get an average of around 2%
its 3.99% now
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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
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