A collection of the most interesting threads on crypto Twitter this week.

Learn:
• Why L1 blockchain space is the alpha real estate in crypto
• How tradfi valuations miss the true value of crypto
• How to manage wealth like a rich person

Your Sunday crypto digest 👇
Everything in crypto comes back to one thing: blockchains.

Here’s why buying L1s is like buying NYC real estate in the 1800s.

Thread: @RyanSAdams
One of my favorite thinkers in crypto is @zhusu.

Here’s a thread he wrote on why traditional valuation models fail to properly value the network effects built into the worlds most important assets:
Count from a traditional finance background, I had a tricky time wrapping my head around ‘yield’ farming.

Here’s why it’s not really ‘yield’ you’re farming, and why it can make you a lot of money on minimal risk.

Thread: @FabiusMercurius
Debt, when wielded properly, is one of the most powerful ways to create leverage and protect wealth.

With crypto assets, a whole new cohort of everyday people will be ‘onboarded’ to wealth

Here are the tools that will be used to help grow and protect it, by @ThHappyHawaiian
You’re thinking about blockchains in the wrong way.

Want to understand the true mechanics behind how blockchains can be valued?

Check out this macro oriented thread by @RealNatashaChe
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More from @JackNiewold

8 Nov
If you're a $SPELL holder and follow byebyedai.money, you might have noticed that fees have dropped heavily over the last 7 days.

But that could be good for $SPELL in the long term: here's how @danielesesta used smart tokenomics to create a downward-resistant protocol👇
$SPELL, for now, generates fees for stakers of sSpell via three mechanisms:

• Position opening
• Position closing (liquidation)
• Interest on debt position
Unlike other forms of debt, you can pay your interest on your $MIM ( $SPELL's stablecoin ) position all at once:

1. Lock up your collateral for $MIM
2. Your collateral accrues interest
3. You repay all of the debt plus the interest
4. Interest is distributed to sSpell stakers
Read 11 tweets
5 Nov
FTX token ( $FTT ) is crazy undervalued.

I can prove it.

Here's why @SBF_FTX's ERC-20 token is the most slept-on asset in the top 50 cryptos. 👇
First, a little bit about the crypto itself.

The main function of $FTT is that it entitles you to 1/3rd of @FTX_Official's cash flows.

For every dollar in fees generated by the exchange, 33% is used to buy back and burn the token.
That makes this crypto quite similar to an equity--cash flows buy the token up, then burn it, deflating the supply, returning that money to you.

It's like a stock buyback.

There's some other utility (collateral, discounts on fees), but we'll focus on the cash flows.
Read 13 tweets
3 Nov
Facebook's Diem stablecoin will change the cryptocurrency landscape forever.

Diem has hinted at partnerships with existing cryptos. Any solid announcement of a partnership would cause that crypto to go parabolic.

So which crypto is it? Read on👇

(warning: tinfoil hat time)
I first came across the rumor on Twitter.

It originated from an update video from $COTI founder @shahafbg.

Quote: "as our integration to a major enterprise continues, I really look forward to letting you know who that enterprise is, when it's done, I will let you know."
People took him to be hinting at COTI launching a stablecoin with FB, so I decided to take a look.
Read 14 tweets
1 Nov
WHAT CRYPTO EXCHANGES ARE OVER/UNDERVALUED?

Ranking exchanges by volume/market cap ratios

a.k.a Why you should buy $FTT
5. @Uniswap
• Market cap: $16 billion
• Volume: $1.3 billion
• Volume multiple: 12x volume
4. @coinbase
• Marketcap: $70B
• Volume: $7 billion
• Volume multiple: 10x volume
Read 10 tweets
1 Nov
I consider myself a young Pomp but more handsome and instead of Bitcoin I talk about altcoins
Kiss me on the best business show so I know it’s real
Read 4 tweets
17 Oct
A redpill for NFTs, stop investing with your monkey brain, DAOs for dummies, and the spiciest 🌶️ crypto hot takes.

My favorite tweets of the week:
Overcoming your monkey brain can save hundreds of thousands.

Sunk costs sink ships.

I'll sometimes get deep into researching an altcoin and totally scrap it after finding a 🚩

Analysis is a filter, not a tool to confirm biases.

Thread by @tbr90

💊 a redpill for the NFT-skeptical.

"In every industry, the digital format has massively outperformed the analog format.

I don't think of NFTs as digital artwork, I think of them as programmable art." - @ObiWanBenoni

Thread by @punk6529

Read 8 tweets

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