Roger DEFI Profile picture
Feb 27, 2022 17 tweets 14 min read Read on X
My Strategy for Playing the #PTParty #PTPwars
(16-Part Thread Incoming)
#PTParty starts *TODAY* Sunday Feb-27 6pm UTC

This has already caused a massive run-up in PTP against a shaky macro crypto & #AVAX market

So what's going on?
1/16 Image
What does #PTParty mean?
3 protocols, an established one @yieldyak_ $YAK & 2 new projects @echidna_finance $ECD, @vector_fi $VTX are launching strategies on top of @Platypusdefi $PTP to give users enhanced % APYs on stablecoins

Let's unpack this...


2/16
Topics to discuss
1) What does @Platypusdefi $PTP do?
2) What will @yieldyak_ $YAK, @echidna_finance $ECD & @vector_fi $VTX do to enhance this
3) What’s the optimal strategy for playing this?
3/16 Image
1) What does @Platypusdefi $PTP do?
- PTP is an innovative stableswap
- It incentives liquidity by providing liquidity providers a base % APY, then boosting that % APY by staking PTP for $vePTP that provides that boost
4/16 Image
- The brilliance of their ponzinomics is that if you unstake even 1 PTP, you lose ALL your vePTP. So it encourages hoarding @Platypusdefi $PTP

Downside is that you can never sell if you want to maintain those sweet boosted % APYs
5/16 Image
2) What will @yieldyak_ $YAK, @echidna_finance $ECD & @vector_fi $VTX do to enhance this?

In a nutshell, these protocols hoard $PTP / $vePTP for you. All have differing mechanics, but generally asks to exchange your PTP for some xPTP 1:1. They hoard your PTP *forever*,
6/16 Image
while giving you a 1:1 asset that is liquid & also earns rewards

The underlying mechanic is modelled after what @ConvexFinance $CVX has done with @CurveFinance $CRV, known as the “Curve Wars”

A great article that discusses this:
defieducation.substack.com/p/the-great-cu…
7/16
There's an added layer, where control of locked $PTP, $vePTP, will provide gov. rights to how rewards are distributed. W/out going too deep, these #PTParty projects assume that right & their own gov. tokens will become v powerful & potentially v. valuable
8/16 Image
.@echidna_finance has a great Medium article that discusses how this translates for their project (YMMV with the other 2 projects)

The parallel to @CurveFinance & @ConvexFinance
$PTP = $CRV
$vePTP = $veCRV (sort of)
$ecdPTP = $cvxCRV
$ECD = $CVX

medium.com/@echidnafinanc…
9/16
blah blah so enough of this boring stuff, you may be asking yourself, how do I make money off of this?
10/16 Image
3) What’s the optimal strategy for playing this?
Right now, I have a massive @Platypusdefi $PTP, but that's locked & perma-stacked to keep earning those sweet boosted %APYs on my stablecoins
11/16 Image
Yesterday I started hoovering up spot @Platypusdefi $PTP in anticipation of massive near-term buying pressure going into the #PTParty launch date TODAY 6pm UTC

That thesis has proven correct so far & I believe it will continue to LT as the #PTParty theme plays itself out
12/16 ImageImage
All the #PTParty platforms, @yieldyak_ $YAK, @echidna_finance $ECD, @vector_fi $VTX building on top of @Platypusdefi are providing *significant* incentives to stake $PTP on their platforms, particularly to early participants

Launches are all coordinated for TODAY 6pm UTC!
13/16 ImageImageImage
Having a large spot $PTP position gives me flexibility to stake into $YAK, $ECD & $VTX depending on the highest rewards &/or sell into market

Note: I'm uber-bullish PTP LT & any selling should be considered tactical & a risk mitigant given its a high % of my net worth
14/16
For the ST, I suspect I will be concentrating my efforts on the newer projects, @echidna_finance $ECD & @vector_fi $VTX given "new token"

Both had successful recent launches on @traderjoe_xyz Rocket Joe $rJOE
15/16 Image
Overall, #PTParty has been one of the most exciting themes to come to the #AVAX defi ecosystem

This thread outlines my initial framework, but would love to get your feedback & strategies on how you are playing this

So many interest metagames & way to play!

GL to us!!!
16/16
Addendum
Separately, I will continue to stake my stablecoins on on native @Platypusdefi as I'm earning 60%-150% boosted % APYs

I'll be looking to move over my stables to the new platforms as they overcome my incumbent $vPTP position Image

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More from @rogeravax

Apr 28, 2023
#launchpad strategy
(to complete a prev. thread that Twitter mispublished)

this am, @binance had an IDO for @opencampus_xyz $EDU. the process involves allocating tokens based on your avg #BNB balance & can be very lucrative!

here's my strategy for how to game below 👇
1/8 Image
my analysis of the past 6 @binance launchpad IDOs indicate that an IDO allocation is basically free monies, with the median performance at launch of >15x (@opencampus_xyz $ID currently >25x)
2/8 Image
the problem w/ their launchpad process is that a v large #BNB balance only yields a small IDO allocation
for example, for today's @opencampus_xyz $EDU IDO, I had an avg balance of 134 BNB (~$44k) which yielded an allo of 0.11 BB ($35)!!!
3/8 ImageImage
Read 8 tweets
Mar 16, 2023
this time IS different
@arbitrum $ARB airdrop confirmed!!!

check you eligibility at arbitrum.foundation

in total, I'm receiving 44.5k @arbitrum $ARB tokens across 16 wallets (highest = 8.5k ARB, most ~2.5k ARB).
1/2
Tokens were based on 1) bridging, 2) txs over time, 3) tx freq & interaction, 4) TVL, 5) liquidity & 6) activity on Nova w/ tiers

looks like all those months clicking buttons & participating in the ecosystem paid off!

hope you all got a good airdrop as well
2/2
some more colour from sources
est. @arbitrum $ARB FDV = $10b-$20b
across 10b tokens (airdrop = 11.5% of supply)
if so, ARB token = $1-$2

also worth mentioning that most of my wallets had <$1k (but lots of ecosystem participation/clicks) & got 2.5k tokens = $2.5k-$5k. not bad!
Read 4 tweets
Feb 15, 2023
#GLP strategy

As many know, I've been a big fan of @GMX_IO $GLP strategy due to unique qualities protecting downside & maintaining upside...

real APU ~20%-30% + juiced #AVAX Rush rewards compounding on @yieldyak_ $YAK

it just got a lot better...


1/14
1st off, @GMX_IO is experiencing a record in trading & other fees, resulting in real yields of +90% APY

Just compounding that on @yieldyak_ YAK would result in +130% APYs
2/14
w/ the advent of @DeltaPrimeDefi allowing you to undercollateralise your @GMX_IO $GLP & lever your exposure, you can multiple your APY!


3/14
Read 15 tweets
Aug 10, 2022
#crosschain thesis
@axelarcore, a new cross-chain protocol has just announced a partnership w/in $AURORA w/ their #1 DEX @trisolarislabs $TRI

Cross-chain will be a MAJOR theme for 2022 & has big implications for #AVAX defi ecosystem

Here’s why...

1/14
a) Why I think cross-chain interoperability is the future
b) Why @axelarcore is a potential winner in a cross-chain future
c) What are the potential implications for #AVAX defi ecosystem?
d) What’s the play investment-wise $$$?
2/14
a) Why I think cross-chain interoperability is the future
Crypto defi is becoming increasingly fragmented w/ competing L1s
More so these L1s & dapps are becoming increasingly specialised
Think @swimmer_network #subnet on #AVAX or @dYdX $DYDX launching own @cosmos blockchain
3/14 ImageImage
Read 14 tweets
Feb 27, 2022
Looks like an audible has been called last minute.. and @Platypusdefi #PTParty launch has been delayed (from what I can tell) until Thursday, Mar-3, 6pm UTC

Here are the official announcements from
@echidna_finance $ECD


1/2
And @vector_fi $VTX



Scurrying to find out more info ASAP
Key question is if we can stake @Platypusdefi $PTP for $ecdPTP on @echidna_finance $ECD & $xPTP on @vector_fi $VTX, respectively, now to accrue rewards or if rewards don't start until Mar-3
2/2
Addendum 1/2
Looks like @Platypusdefi $PTP staking is live on @vector_fi $VTX
I converted an initial amount 4k PTP into xPTP & staked some stables. Are they not honouring the detante? Image
Read 5 tweets
Sep 30, 2021
My Strategy for Optimising Returns for Incoming #AvalancheRush

Epic 20-part thread incoming...

DISCLAIMER: DYOR, NOT INVESTMENT ADVICE, THIS MAY INVOLVE HIGH RISK
1/19
Hi All, it’s been quite a few months (May-21) since my last deep-dive into @avalancheavax $AVAX #defi investment strategies – frankly it’s become a FT job managing a larger portfolio & +EV was to focus on taking care of the $$$

Last Serious Post

2/19
Now that #AvalancheRush is at our doorsteps - @kevinsekniqi has *promised* TODAY for @AaveAave $AAVE launch+rewards - I thought I'd gather my thoughts on how you might best position your @avalancheavax $AVAX native portfolio to take full advantage


3/19
Read 20 tweets

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