FLX/ETH LP a bit too risky for us at the moment, but definitely watching to see stability of $RAI
3. SSS $NEWO
4. Adding to $BTRFLY on any dips and/or APY uplifts. Mirroring their own treasury yield enhancement techniques including what they are doing on @dopex_io . C'mon ...I can't give all my alpha ;)
5. Taking some profits whenever we've had a really good run and see better risk-adjusted opportunities for our low-medium risk bucket e.g. $CRV -> veCRV.
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Beyond the "Curve Wars" narrative, another reason we like $BTRFLY is because of the yield enhancement strategies they apply to their treasury assets (CRV, CVX and gOHM)...
1. First you need to understand that all big DeFi protocols (@MIM_Spell, @FantomFDN, @CreamdotFinance) are playing a game -> they want as much VOLUME (TVL=total value locked) as possible. Why? cos fees init bro. At the same time, guys like me want the best % return on stables.
2. That's where Curve ( $CRV ) comes in - it's THE dominant marketplace for stablecoin swaps (managing treasuries etc). Curve is where ALL the action takes place. There is no second best.
It's a sentiment check for greed/fear. Red = market vulnerable (expensive to go long) and frothy. Green = people scared to long. I also want to pay the least to be long.
2. Set "stink bids" i.e. trigger orders to open if the market suddenly drops a few %. These happen when whales want to grab liquidity lower and stop out the little guy. I'm happy having no position when needed. Patience is a virtue.