Jack Niewold Profile picture
Jan 21 11 tweets 5 min read
THE STATE OF CRYPTO PRAGMATIST:

If you didn't already know, I make a living by running a research publication on crypto called Crypto Pragmatist (@cryptoprag).

We've been growing insanely fast and have some very exciting announcements to make.

A thread of the good news: 👇
I have a TradFi background and was working full time, obsessing over crypto at night, until my girlfriend and family convinced me to start the publication.

I jumped all in (sink or swim, baby) and haven't looked back.
We've had literally insane growth, so thank you (yes, you).

I started this thing in August, less than 6 months ago.

Now we have over 11,000 unpaid subscribers and over 500 paid ones: Image
Twitter's driven about 50% of that growth, and I've gone from under 100 to over 33,000 followers.

We also got featured in Busines Insider: businessinsider.com/altcoins-to-bu…

In the last 89 days, we've earned over 12 million impressions: Image
We've recommitted to producing the best written content in crypto, whether it's our free product or our paid one.

To do this, we're making a few changes. Image
We understand that different market conditions require different time horizons and different strategies.

With yield opportunities, staking, and volatility, buy-and-hold isn’t always the optimal strategy.

So we're switching 1 paid report a month from this: Image
To a narrative-based report that allows us to put more nuance in our perspective.

Instead of covering $FTM, we will cover the entire Fantom ecosystem. Instead of just covering dYdX, we can cover the entire DeFi derivatives industry.
We'll still have asset reports, though, so if you've found those valuable, they're not going anywhere.

To open the door for more in-depth content, we're cutting back the free newsletter from weekly to bi-weekly.

That means our new publishing schedule will look like this: Image
How do we do expand so quickly?

Well, with my phenomenal team:

@joeygcamp, a crypto-savvy analytics genius that has 10x my technical knowledge
@knowerofmarkets, who will be contributing to narrative reports with his oracle-like ability to predict crypto trends
I’ll continue to write newsletters and run the publication from an editorial and strategy perspective, as well as continue with driving growth.

Thank you! And if you haven't subscribed yet, I invite you to do so via link below:

cryptopragmatist.com/sign-up/
And to @MessariCrypto, @Delphi_Digital, @DefiLlama, @CroissantEth, @packyM, and others:

We'll see you in the big leagues.

• • •

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More from @JackNiewold

Jan 25
The final info on ve(3,3) came out last night.

The brainchild of @AndreCronjeTech and @danielesesta (now officially named Solidly) is fully public and just needs someone to press 'deploy.'

Here's a breakdown of the new alpha and why I'm more bullish on it than ever:

Thread 👇
To get you up to speed, Solidly (token: $ROCK) is a new AMM with improved incentive mechanics (based on OHM and CRV) that:

• make protocols less beholden to liquidity providers
• improve fee revenues for $ROCK holders
• is issued as a locked NFT to the top 25 $FTM protocols
Based on the docs, Solidly will be a direct competitor to Curve: a protocol designed for more efficient swaps for both stables and normal crypto assets.

A more complex liquidity model means that it's structured for fee revenue instead of attracting mercenary liquidity to pools. Image
Read 15 tweets
Jan 25
I will show you the way, anon.

Money is fleeing risk-on crypto assets, waiting for greener pastures.

But you and me know that crypto isn't going anywhere.

Here's where the smart money is going next and why it's going there.

A thread:👇
It's not 2017 anymore. Backbone DeFi protocols are now critical crypto infrastructure.

If you believe Ethereum is sticking around, you probably believe that the protocols that serve it will stay around as well.

Here are 4 crypto assets that I'll buy in any market conditions:
1. $CRV

We've heard about the Curve Wars but few understand how deep of a moat it has over other projects.

DeFi is about liquidity and Curve controls more than anyone else.

The protocol that controls the most liquidity in the most effective way wins.

Ergo, $CRV is winning. Image
Read 15 tweets
Jan 20
The ve(3,3) alpha is finally here:

@AndreCronjeTech and @danielesesta went on @_FrogRadio today to drop info on their new protocol, Solid Swap (confirmed name: $ROCK).

A thread of the biggest takeaways from the Twitter Space hosted by @CryptoMessiah and @randomtask555 👇
Andre Cronje and Daniele Sestagalli are dropping a new experiment referred to as ve(3,3).

I wrote a thread on it last week that should get you up to speed:

The first thing to understand with this new protocol is the idea of vested escrow (ve).

This was invented by $CRV, backed by a simple idea:

The more you commit to a protocol (with $CRV, by locking up your tokens), the more voting power you get in the future of that protocol.
Read 19 tweets
Jan 17
This tweet from my friend @knowerofmarkets definitely got me thinking this morning.

Is it true that there's no place for long-term investors in crypto?

(mini-thread)👇
Take the Curve Wars.

Crypto Twitter, for the time being, has moved on to other things.

That doesn't mean that the fundamental conditions behind the Curve Wars have disappeared.

CT (and its childlike attention span) has moved on, but the fundamental value in $CRV still holds.
Meanwhile, ST investors are rotating out of it, riding the wave from MAYBE $3 (if they got in early) to $5ish.

While the LT holders don't sell after buying at $1.50.

People like @noahseidman have been talking about $CRV for ages. That guy NEVER sells.

Read 9 tweets
Jan 12
People are piling into the $FTM ecosystem as they realize it's got a few key catalysts in its favor:

• Strong price momentum
@andrecronjetech's ve(3,3) token launch
• An undervaluation of project TVL
• A $1b incentive program

So what are the projects I'm looking at?
Well, value will probably accrue back to $FTM, making it a clear option, but for higher-leverage/higher-risk plays, most are looking at ecosystem coins.

Additionally, the top 20 ecosystem coins by TVL all stand to benefit from the new ve(3,3) token launch.
First, a top-down look at $FTM protocols by TVL.

Measuring protocols by TVL/MKT CAP isn't a perfect way to find undervaluation, but it can give us a place to start when gem-hunting.

Here's a table of the following coins and their $ETH analogs:

(Not a perfect comparison)
Read 17 tweets
Jan 11
ve(3,3) could change DeFi forever.

@andrecronje, @danielesesta, and @FantomFDN have banded together to create a new, secretive, and highly anticipated project.

Here's a thread of everything we know (and some speculation) on the protocol:

Also, how to play the trade: 🧵👇
THE TOKEN: Currently referred to as ve(3,3), it's speculated from the below (censored) image that it will be called 'SOLID'.

It will use the same:

• 've' (vote escrow) mechanics as protocols like Convex and Curve
• staking/dilution mechanics (3,3) as OlympusDAO.
Vote Escrow: locking for longer periods of time gives you higher rewards and a larger share in voting the governance of the protocol.

But you have to lock and thus cannot sell your tokens

( $CVX and $CRV )

If you're confused, check out this thread:
Read 17 tweets

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