Thread by @hufhaus9

Today was a very good day for the $ReFi farming portfolio. We will v soon be close to 165 ETH. A casual stream of thoughts before bed...

1. I'm much more comfortable with how our risk buckets are spread across farming strategy types. For those that haven't read it - check out our medium articles and how we go about allocating YOUR funds (based on 14d and 30d realised volatility)

2. Can't be too (short-term) outcome-focused in this long term game, but I am glad we listened to some of our advisors and parked some USDC stables into hundred.finance, since the majority of the (high) APY is paid in native token incentives.

3. Yes - farming advisors. As nice as it is to be some kind of 'hero' farmer, such titles create problems down the line (key man risk/ego etc). We are very open to listening to DeFi professionals on where to park capital and will continue to do so.

4. I'm really happy we took some profits and bought and staked $LQDR pre xmas. Liquid driver gives us leveraged exposure to the bullish #Fantom ecosystem whilst earning a great APR in various tokens from the revenue sharing wallet.

5. Our broader investment process starts with identifying macro narratives and then placing our bets with strong conviction. This has been the case with $NEWO ever since we had @rektfoodfarmer on the first podcast.

6. In particular, we like the narrative that $NEWO is fundraising and incubating new DeFi protocols such as $BTRFLY, and operating in a truly revolutionary manner. Yes the token unlocks are worth keeping an eye on, but the 800-1000% APY on providing LP is worth the IL risk.

7. As we grow our network in the DeFi community we look forward to getting EARLIER access to new launches and are happy to allocate a very small amount of capital (say 2-3 ETH) with the chances of exponential returns (50-100x). The alpha on exclusive discord groups is insane.

8. Some have asked about our spot and staked $YFI and $CRV. Yes these are higher risk directional plays but are taken due to a deep understanding of the tokenomic revamps and utility and we only purchase on market corrections (e.g. we bought $CRV sub $5)

thedefiant.io/yearn-tokenomi…

9. We're very happy with the FTM-TOMB vaults on reaper.farm that have made us over 15 ETH of profit. We've trimmed a bit just so that we never have too much portfolio exposure in any one vault.

10. I'm really LOVING the crowdsourced farming interactions with our community.

Today alone I've discussed:

a) wFTM>yvmFTM>MIM,
b) bentCVX
c) MAI+av3crv

with different $ReFi investors. Wisdom of the crowds baby!
discord.gg/H8uCvZdb