Creditum from @RevenantFinance (formerly known as @stake_steak) is a lending protocol that launched yesterday with the goal to bring a functional native stable coin to the Fantom network. 👇
After the standard listing shenanigans $CREDIT is now sitting at a $600k MC and printing LP rewards at c. 800%.
Seems super cheap when $FTM season is just around the corner and you consider who is behind @RevenantFinance 👇
The $CREDIT team is full of $FTM OGs - their last project @stake_steak was sadly hacked, but they didn't go away and are doing right by the community.
I’ve been meaning to get around to my 2022 predictions for weeks, but the combination of family time and partying has delayed me. I planned to release one mega predictions post, but in the interests of getting this out there I’ll split them up
So here are my first batch of 5 predictions for 2022. Enjoy!
2022 will be the year of layer 2s. The narrative has started, with L2 TVL now c. $6b and big price moves from $METIS $NETT $SYS $DYDX etc. - I hope you caught some of them with me.
I expect L2 tokens to continue to perform strongly. More specifically I expect:
- $ETH will pump heading into the merge. This will trickle (or gush might be a better word) down to L2s.
I write threads mainly to educate and share my research findings, but also to refine and clarify my own ideas. Research and writing force you to understand something and help to test your assumptions and challenge biases.
I also like to trade narratives - this is why I rotated from #BSC to $MATIC to $SOL to $FTM ecos this year as narratives shifted. I’ve noticed what I think is the beginning of a new narrative, being the move to $ETH L2s.
So I thought I should start researching L2s to hopefully find some alpha for us and pick winners. So here it is below.
So is the CT “intelligentsia” who seem to think they are the only L1 or L2 scaling solution worth considering
This is short sighted. At best ZK EVM dapp ecos will only START to be built this year, likely without much activity until next year
🧵I shouldn’t need to remind anyone that a lot can happen in crypto between now and then. $FTM and other L1s could pump another 5-10x. New Optimistic rollups like $METIS could pump 100x. Or maybe it’ll be PriDeFi like $SCRT $ROSE or $DUSK.
Or all of the above.
Or a bear.
🧵Moreover #BSC and $MATIC didn’t pump because they had the best tech, but they still made multiples in a matter of months.
I aped into $METIS around a month upon a recommendation from someone I trust. Since then I did more research and the more I have read, the more impressed I became. So I have increased my position size significantly in the last few weeks on dips
I will go into why I think it could become the dominant L2, its impressive tech, partnerships, team, connections to Vitalik Buterin, why Rollups are fundamental to ETH scaling and more.
Despite its potential, @metisdao is still relatively unknown and has a tiny MC relative to its peers and potential. Hopefully this thread will serve as a good intro to the protocol and why I am so bullish.
$FTM is my biggest alt bag, so I thought I would my first long form tweet storm in 2.5 years. Given it’s my biggest bag, I’m probably a bit biased, but I’ve tried to be objective as possible.
$FTM Tech 1
$FTM uses DAG tech and an aBFT consensus algo to provide what it hopes to be near infinite scalability with super fast and low cost txs.
$FTM Tech 2
aBFT is arguably the highest standard in consensus algorithms as it has solved the Scalability Trilema as well or better than any algo, that being:
-Decentralization
-Security
-Scalability