Route 2 FI Profile picture
Feb 23 17 tweets 3 min read
Just wanted to share a story I first read in 2012 that has inspired my life in many ways.

Every time I read it I ask myself why I spend so much time in front of my screen chasing digital money.

/THREAD
“The Mexican Fisherman”

An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked.

Inside the small boat were several large fin tuna.

/1
The American complimented the Mexican on the quality of his fish and asked how long it took to catch them.

The Mexican replied, “Only a little while.”

The American then asked why he didn’t stay out longer and catch more fish.

/2
The Mexican said he had enough to support his family’s immediate needs.

The American then asked, “But what do you do with the rest of your time?”

/3
The Mexican fisherman said:

“I sleep late, fish a little, play with my children, take siesta with my wife, Maria, stroll into the village each evening where I sip wine and play guitar with my amigos. I have a full and busy life.”

/4
The American replied:

“I am a Harvard MBA and could help you.

You should spend more time fishing and with the proceeds, buy a bigger boat, and with the proceeds from the bigger boat, you could buy several boats.

/5
Eventually, you would have a fleet of fishing boats. Instead of selling your catch to a middleman, you would sell directly to the processor, eventually opening your own cannery.

/6
You would control the product, processing, and distribution.

You would need to leave this small coastal fishing village and move to Mexico City, then LA, and eventually NYC, where you will run your expanding enterprise.”

/7
The Mexican fisherman asked, “But how long will this take?”

To which the American replied, “15 - 20 years.”

“But what then?”

/8
The American laughed and said that’s the best part.

“When the time is right, you would announce an IPO and sell your company stock to the public and become very rich; you would make millions.”

“Millions?” asked the fisherman.

“Then what?”

/9
The American said:

“Then you would retire.

You would move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evening, sip wine, and play guitar with your amigos!”

/10
I really like this story, because it reminds me of how most of us live our lives chasing money and things.

When we reach our goals we automatically start thinking of our next goal.

I am no different.

/11
But sometimes it can be good to ask yourself what you're striving so hard for.

If you find yourself unhappy, not having the time or money to live the life you desire, start asking yourself, why?

What are you missing in your life?

/12
I’ll bet you’re spending too much time working, and not enough time on the things you love.

Think about the stuff you’re buying.

Is it bringing your dream closer? Or pushing it further away?

What is your ideal lifestyle, and how much does it cost you to live that?

/13
Now that's what you should aim for. Nothing wrong with continuing to chase things, but don't let it go on behalf of your health.

Because what makes you rich and unique is not what you have, but how you have lived.

/14
It’s in the stories you’ve collected, the lives you have touched.

It’s in the memories you have to take with you.

You only have this one life, so use it well.

PS! This is also a reminder to myself.
Hopefully, it was okay to share this even if it wasn't 100% crypto-related?

If you liked this thread I would love it if you could retweet the first tweet

👇



/16

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More from @Route2FI

Feb 20
It's time to give an update about Mirror Protocol and my strategy going forward in terms of the bearish market.

Let's look at why I'm considering shorting S&P500 with the yield-bearing stablecoin aUST.

APY: 20-70% (depending on the market)

/THREAD
This is not financial advice. Always do your own research. These are just my ideas.

Have in the back of your mind that I'm not a financial advisor and that my calculations may be wrong.

/1
These strategies are long-term strategies, you should not use them if you don't have a minimum of 6-12 months perspective (due to fees, premium, and market risk).

If you're not here for long-term games, find another strategy.

/2
Read 37 tweets
Feb 15
Edge Protocol is launching its beta today.

Let's look at 4 different strategies you can use to maximize your gains:

1) Degenbox (borrow $UST - loop)
2) $LUNA leverage
3) $LUNAx leverage
4) The $LUNA shortooor

/THREAD

1/12
1. The Degenbox:

How you play it:

1) Deposit money on Anchor
2) Supply aUST on Edge
3) Borrow $UST on Edge
4) Deposit on Anchor
5) Supply aUST on Edge
6) Borrow $UST on Edge
7) Deposit on Anchor
8) Repeat

I've already written a thread here:

2/
2. $LUNA leverage:

1) Supply $LUNA on @EdgeProtocol
2) Borrow $UST against $LUNA
3) Swap $UST to $LUNA at terraswap.io
4) Repeat

3/
Read 12 tweets
Feb 12
New stablecoin strategy for $UST

A way to use aUST as collateral to borrow more aUST

Basically, it's similar to Degenbox, but made for the Terra ecosystem and much easier to use

Let's see how you can 4x your Anchor Protocol yield, and if it's too good to be true

/THREAD

1/26
First of all, I just want to inform people that this is a leverage strategy. Use what I write in this thread as ideas and not as financial advice. DYOR.

Secondly, not everyone is happy about these leverage strategies. It's really a two-edged sword.

/2
The positive: more $UST in circulation (wider adaption of Terra). More $UST = burning of $LUNA --> increased $LUNA price

The negative: Leverage strategies drain the yield reserve of Anchor Protocol faster.

And for the third, $UST is an algorithmic stablecoin.

/3
Read 27 tweets
Feb 8
A quick update of the current state of Anchor Protocol and the "holy" 19,5% APY.

With only $15M in the yield reserve, people are starting to get worried.

Let's take a look at the facts and what's next for Anchor:

/THREAD

1/18
First of all, the yield reserve is built for times like this.

If the yield reserve goes to zero, then Anchor Protocol will provide market rate.

ATM around 10% APY.

I've already written a detailed thread about this, you can check it out here:



2/
The yield reserve is decreasing approx. $1,5M per day, and with $15M in the yield reserve it should go to zero within 10 days.

A hot topic these days is: "Will the yield reserve be refilled?"

I think it will, let's look at why:

3/
Read 19 tweets
Feb 4
Strategy for buying $LUNA and $ETH cheaper than market price:

Let's look at Kujira Orca and how you can buy other people's liquidated assets.

2 strategies:

1) How to buy $LUNA / $ETH at a 10% discount

2) Buy $LUNA / $ETH at a 10% discount and make an arbitrage

/THREAD
Let's deep dive into Kujira Orca (@TeamKujira) and see why the DAO is a DeFi-protocol that both benefits the users and the Terra Ecosystem.

Kujira Orca is a protocol that is built on Terra to protect the $UST-peg and consequently the price of $LUNA.

/1
A bi-effect of this is that we (the users) can snag cheap $LUNA or $ETH.

So what is it, and how does it work?

First of all, Terra is built around Anchor Protocol (the savings protocol where you can get 19,5% APY).

To understand Kujira, we have to understand Anchor Protocol

/2
Read 48 tweets
Feb 1
Terra Degen Yield strategy V2

I've done some tweaks and found a way to increase the Anchor Protocol rate from 19,5% APY to 50-140% APY on $UST.

No $MIM. No Degenbox.

Let's do an example with $15K to illustrate how it works.

/THREAD
I just want to start this thread by saying that nothing in DeFi is risk-free.

What I post is investment ideas and not financial advice. Always do your own research.

And if you try this strategy, try with a very small amount the first time so you understand how it works.

1/
This is an active strategy, which means that you should monitor it daily.

Most often you don't have to do something, but you should always keep an eye on strategies with higher risk.

/2
Read 40 tweets

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