#DeFi Q&A #7 by @UndekhiValue
Q. With so many different protocols coming every now and then, what are the ways to get more info about them to separate wheat from chaff? π
Q. With so many different protocols coming every now and then, what are the ways to get more info about them to separate wheat from chaff? π
A. To separate good projects from π©, look for:
β’ good tokenomics & value capture mechanism
β’ compelling narrative & use case
β’ solid team
β’ fast growing TVL where the price hasn't caught up
β’ engaged and fast growing community
β’ ability to compete
β’ good tokenomics & value capture mechanism
β’ compelling narrative & use case
β’ solid team
β’ fast growing TVL where the price hasn't caught up
β’ engaged and fast growing community
β’ ability to compete
1. Twitter:
β’ Search for the symbol: Great real time feed.
β’ Advanced Search:
- Add "min_retweets:100" to find popular posts about a project.
- Add "from:@username" to find tweets by a specific username. Can use this to search for tweets by project founders, etc
β’ Search for the symbol: Great real time feed.
β’ Advanced Search:
- Add "min_retweets:100" to find popular posts about a project.
- Add "from:@username" to find tweets by a specific username. Can use this to search for tweets by project founders, etc
Keep in mind that Twitter & YouTube have a lot of people shilling their favorite coins.
Make sure to research from various sources to get a neutral viewpoint.
Make sure to research from various sources to get a neutral viewpoint.
2. YouTube
Complicated projects can be easier when explained by a good YouTuber.
Finding a good YouTube channel can mean a goldmine of information.
Bad ones, unfortunately, can lure you into pump and dumps, and other money-losing scams.
Complicated projects can be easier when explained by a good YouTuber.
Finding a good YouTube channel can mean a goldmine of information.
Bad ones, unfortunately, can lure you into pump and dumps, and other money-losing scams.
3. Discord / Telegram
Pretty much all projects have a telegram or discord chat (or both).
These can be quite overwhelming due to the number of messages, but they are the best place to ask questions if you don't understand how something about a project works.
Pretty much all projects have a telegram or discord chat (or both).
These can be quite overwhelming due to the number of messages, but they are the best place to ask questions if you don't understand how something about a project works.
4. Project Docs
To figure out how this project actually works under the hood, the project documentation is usually the best resource.
The project docs will usually describe the tokenomics of the project as well.
Good docs will have the answers to a lot of your questions.
To figure out how this project actually works under the hood, the project documentation is usually the best resource.
The project docs will usually describe the tokenomics of the project as well.
Good docs will have the answers to a lot of your questions.
5. @DefiLlama
In #DeFi, Total Value Locked (TVL) is one of the best indicators of a project's adoption / growth.
(locked is a misnomer - funds are usually liquid)
In #DeFi, Total Value Locked (TVL) is one of the best indicators of a project's adoption / growth.
(locked is a misnomer - funds are usually liquid)
6. Tools like CoinDix, CoinHall, DeFiLlama, Glassnode, CoinMarketCap will give you lots of information about a project / coin.
I wrote a post about various research tools here:
I wrote a post about various research tools here:
https://twitter.com/shivsakhuja/status/1466350147823042566?s=20
β’ β’ β’
Missing some Tweet in this thread? You can try to
force a refresh
γ
