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Rhett Shipp (🍄,🍄)

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10 Nov, 4 tweets, 2 min read

https://twitter.com/olympusdao/status/1458468811154378752

This will be really positive for both projects imo. Which strategic assets are next?

A few ideas:

https://twitter.com/olympusdao/status/1458468811154378752

@TokenReactor

$TOKE @TokenReactor for the power to direct more liquidity?

@AlphaFinanceLab

$ALPHA @AlphaFinanceLab to deploy assets into higher leverage LP positions?

Some of these are very safe, like the stable-stable farms.

Others are more safe than they seem at a glance due to high correlation of many crypto assets.

@indexcoop

#INDEX @indexcoop for meta governance power.

Index holders get outsized DeFi governance power by directing the votes for all the tokens inside $DPI.

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More from @RhettShipp

Rhett Shipp (🍄,🍄)

@RhettShipp

11 Nov

1/ Apologies for the excessively long thread but here are some high level thoughts about "kinds of money" and how it applies to $ETH $BTC and $OHM

2/ At a high level, I think historical currencies can be looked at as:

1- Commodity currencies
2- Reserve backed currencies
3 - Non-reserve currencies

3/ Commodity currencies: Gold, for example. It was useful for things other than money, but it had some nice properties (durable, divisible, transportable) that caused people to start using it as a money in addition to its other uses.

Read 22 tweets

Rhett Shipp (🍄,🍄)

@RhettShipp

10 Nov

1/ Unpopular Opinion: Real Estate will be one of the worst performing asset classes over the next 30 years (in the US).

Reasons:

2/ First, demographics. This is by far the largest issue. The US has had a low and falling birth rate for a long time and the baby boomers, a massive generation, will start dying over the next 10-30 years.

3/ The US could combat this piece by increasing the number of immigrants we're bringing in, but we're going the wrong direction on that.

Read 8 tweets

Rhett Shipp (🍄,🍄)

@RhettShipp

10 Nov

@OlympusDAO

1. Some thoughts on why I think Olympus Pro by @OlympusDAO is even more valuable for DEXs like @Uniswap @SushiSwap @BalancerLabs @KyberNetwork @Bancor than for the rest of DeFi applications:
👇

@AlchemixFi

2. In the case of @AlchemixFi the use of Olympus Pro will allow them to avoid losing liquidity when Pool2 rewards dry up and also enable them to redirect those rewards to incentivize use of their self-repaying loans, which I think is a more valuable use of the ALCX rewards.

3. But with DEXs, they could benefit not only from owning liquidity for their own token, but by owning liquidity in other important pairs on their DEX. This would come with several benefits.

Read 8 tweets

Rhett Shipp (🍄,🍄)

@RhettShipp

10 Nov

@Tetranode

1. Really excited to see @Tetranode partnering with @OlympusDAO to help wisely deploy the $OHM treasury to generate yield.

Lot of great possible strategies, such as just lending the treasury assets in places like @AaveAave @compoundfinance @AlphaFinanceLab @RariCapital

@CurveFinance

2. Some low hanging fruit imo:

Shifting some of the stable coin bonds into stable-stable bonds from @CurveFinance / @ConvexFinance.

@CurveFinance

3. Example: Olympus could take half of the $DAI target and half of the $FRAX target and offer a bond for DAI-FRAX from @CurveFinance that could be staked on @ConvexFinance.

Read 6 tweets

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