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Nat Eliason Profile picture
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24 Nov, 3 tweets, 2 min read
I just released a completely updated new "DeFi Basics" for DeFi Orientation.

It walks you through learning DeFi without ever having to touch the Ethereum mainchain, so no crazy gas fees.

If you've been putting off learning because of gas fees, this is a great solution 🥳🥳
Advanced material is there too, as is the Solana unit.

And there are over 1,000 students in the Discord now 😱 so you have lots of friends to learn with.

In the next few weeks I'll add some protocol-specific videos as well as an overview of Terra.

All future updates are free!
Here's the link if you wanna check it out:

learn.nateliason.com/p/defi-orienta…

See you inside!

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More from @nateliason

Nat Eliason Profile picture
22 Nov
Reading szn book 3

Enjoyed the first 1/3 of this a lot, the rest dragged. First 1/3 has some gold lines though, especially for a book written in 1995
Read 9 tweets
Nat Eliason Profile picture
9 Nov
Okay what about an @OlympusDAO fork but we use the treasury to buy land and build a walkable city outside Austin.

(🚶‍♂️,🚶‍♀️)

My estimated initial buildout for @CreatorTowns was ~10-15m. This could happen.
If we put the treasury into stablecoin pools with enough yield to cover our debt service everyone who owns at least X tokens could live there for free 🤔
Call it Hohm, obviously
Read 8 tweets
Nat Eliason Profile picture
6 Nov
One thing to think about with the various Ohm forks popping up:

Assuming it's a true fork, each token minted should be backed by 1 * (current index) worth of stablecoins in the treasury...
So for Ohm, that's ~$30 of stablecoins per Ohm token in the treasury (it's actually a bit more).

Ohm is priced at $864 right now, giving it a monetary premium of 28.8x.
TIME is priced at $9,159, but is only at an index of 2.88.

Each TIME is backed by 1 MIM in the treasury, times the index, so that's $2.88 per TIME. It's likely a bit more than this.

So that's a monetary premium of 3180x. Sliiiightly higher than Ohm.
Read 6 tweets
Nat Eliason Profile picture
7 Oct
How to make $$$$ in crypto.

I’ve seen a lot of people enter crypto this year and make 5, 6, 7 figures.

NFTs, coding, DeFi, community management, marketing, whatever.

There are some common themes among those who have done really well.
Any focus can work.

NFTs are exciting right now but if you went deep on DeFi or gaming you’ve done super well too.

What’s important is that it’s an area you’re legitimately interested in, not just trying to Get Rich Quick.
It seems like a lot of people start off in the GRQ camp, lose a bunch of money, then either:

- Quit
- Take a step back and actually try to engage with the technology.

That was me!

And it’s when people actually pick an area to go deep on that things start working out.
Read 8 tweets
Nat Eliason Profile picture
24 Sep
If someone is curious to learn more about crypto, telling them to read the Bitcoin/Ethereum white paper isn’t a great recommendation.

It’s boring. They’re very unlikely to care about it.

Get them set up earning 7-10% on stablecoins. The technical curiosity will follow.
Three ways you can do this right now (disclaimer: I hold all of these platform's tokens):

SAFEST

1. Get USDC from Coinbase
2. Transfer to @MetaMask
3. Deposit in @AaveAave
4. You are now earning 6.26%. DAI interest is slightly higher if you prefer.
MORE INTERESTING

1. Get DAI from Coinbase
2. Transfer to @MetaMask
3. Deposit in @AlchemixFi
4. Borrow max alUSD (50%)
5. Convert alUSD to DAI on @CurveFinance
6. Back to Coinbase
7. Back to Fiat

Your original amount is earning 6.9%, but 50% is back in cash. Basically 14%.
Read 7 tweets
Nat Eliason Profile picture
22 Sep
Not sure who I heard this from, but really the best way to frame financial goals is:

1. Never have to worry about money again
2. Make sure that once you achieve #1, you never have to achieve it again

It's helpful because...
Most people don't really want to "Be Rich," they want some part of the lifestyle they imagine rich people have.

Could be wild consumption, free time, no stress, whatever, but that's the thing you really want.

And you can probably have it for a lot less money than you think
e.g. I care way more about having control over my time than having a huge house or crazy cars.

I honestly would not take a 5m a year salary if it meant I had to be in meetings and on email all day.

So for me "not worrying about money" means...
Read 8 tweets

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