Thread by @JackNiewold

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.

It also has the most elegant tokenomics in DeFi, combined with non-deflationary value accrual method via bribes.

Finally, gigabrain protocols continue to fight for control over the asset.

Buying $CRV is like holding $GME in 2020.

Hold what everyone else will soon want.

2. $DYDX

Investors used to make fun of $DYDX for being a worthless governance token, but it's about to go turbo on value accrual.

With their V4 protocol, they're decentralizing and will turn on fees to be distributed to holders.

Last year? Those fees were over $100 million.

With a market cap of $450 million, this is a P/E ratio of about 5.

And you're bearish, anon?

$DYDX launched its v3 fully integrated with zk-rollups on an app level, meaning it's got one of the best UXs of any defi product out there.

VC tokens don't unlock until Feb 2023.

3. $YFI

Yearn is one of the OG DeFi protocols. It simplifies yield strategies into vaults, so you can deposit your assets and make the best yields without dedicating brain power to the pursuit.

The strategies that do best in sideways/bear markets? Yield strategies.

With revamped tokenomics (and buybacks) with slowly climbing TVL due to market conditions, $YFI is going to go insane considering its bear-resistant revenue of $100 million yearly.

Every dollar of TVL in its vaults = more revenue for the protocol = more buybacks of the token

4. $KP3R

The forex market does $6.8 trillion dollars of volume every day. If a crypto protocol could bring just 1% of that volume on-chain, it would control $68 billion in volume PER day.

@AndreCronjeTech brainchild, $KP3R, with its protocol Fixed Forex tackles this market.

Fixed Forex doesn't just provide currency swaps, though, it also helps liquidity providers denominate and earn yields in their native currency.

This simplifies and derisks DeFi for non-$USD denominated participants.

Value accrues to token holders via fees and a unique rewards structure.

But wait--there is a whole secondary protocol to Keeper (keep3r.network) that helps DeFi protocols automate and delegate dev tasks.

Finally, $KP3R will be transitioning to a ve(3,3) model.

🚀🚀🚀

Does this mean that these protocols will continue in Up Only mode forever?

No.

But are they on absolute fire liquidation sale right now?

Absolutely.

Doing some shopping? Buy cash flows. Buy moats. Buy network effects. Buy value accrual models.

If you're bidding right now, you've got to do it with a mind for the long term.

Anon, this is the way.

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