The dev has kept the discord entirely in morse code for months, stealth launched with no info, and floor launched to 1 ETH+ (.5 ETH mint) with many top wallets scooping big bags.
In honor of being back on the grind,
Quick Speculation Thread!🧵
Discord -
The channel has been entirely in morse code for months. Morse code means one of three things...
1. Big Brained Devs 2. Building a Cult of Nerds 3. Devs are Clinically Insane
In this market, I'm bullish on all three.
Launch -
After months of the discord being in morse code, they did a stealth launch about 1-2 hours ago.
Normally bullish when devs stealth launch to curb demand. Even when people spent months translating the discord and missed mint... 😂
No fees on sales aren't exactly common in the NFT space but to me shows confidence from the team. It should also give some peace of mind that this isn't a rug/cash grab.
Bullish!
What is Next? -
"SYSTEM INFORMATION IN THE COMING DAYS CONSOLE UNCOVER ON THE 15TH"
Reveal 14 days out means the floor should fall and provide a better entry. Grabbed my position now to be safe because the team obviously likes surprises...
While doing research for a @SCSLabsResearch video, it came to my attention most protocols are mispricing the risk surrounding @circle and the $USDC peg.
Projects and investors both should do some basic risk management exercises regarding $USDC exposure.
Let's discuss 🧵
To start, I have zero positions to profit off of a $USDC depeg and still have $USDC exposure. Similar to @CryptoHayes and @balajis native $BTC is my favorite hedge for USD/USDC risk.
$LUSD, $ETH, $OHM, etc. also help diversify but come with their own set of pros and cons! DYOR
In 2022 projects with treasuries and dev funds that were 100% in either $ETH or on FTX got absolutely rekt.
Please learn from the mistakes of others and diversify your treasuries and dev funds!
I'm extremely excited to announce the launch of our first SCS Labs brand, @SCSLabsResearch!
It will be the first of 3 SCS Labs businesses including a DeFi Research Hub, Project Consulting, and Venture Capital.
Time to finally share the details of what we are building! 🧵
It's almost exactly one year since I went full-time DeFi.
When planning for 2023, I realized how lucky I am to do trade, build a community, and share knowledge full-time. I decided I needed to invest more time into growing the space.
We recognized that there is a massive gap in high-quality Web 3 content and want to fill that gap.
The current content landscape has issues... pick one: 1. Concentrates on majors only (BTC/ETH) 2. Presenter isn't knowledgeable 3. Same projects reviewed 4. Content is poor quality