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shivsak Profile picture
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Mar 6 • 4 tweets • 2 min read
What are the implications of “terminating” active projects that people are using and have invested in?

If it means these projects are shutting down, then Andre just publicly rugged several multi-billion $ projects.

[1/3 rant] 👇
If it means Andre won’t be developing, but projects will still function as per usual, then their messaging is absolutely terrible, causing unnecessary FUD & dumps.

Projects don’t need to die when the lead devs quit.

This is a mess - even worse than @danielesesta’s debacle.
As a side note, this is more validation for why we need true decentralization.

Decentralized projects led by cult figures with inflated egos have similar risks as centralized projects.
The success of projects should be decoupled from the whims of the founders.

The only reason we get to experience all the incredible things in the #crypto space today is because Satoshi chose to launch anonymously.

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More from @shivsakhuja

shivsak Profile picture
Mar 8
50-60% APY arbitrage strategy for $LUNA:

1. Swap 1 $LUNA for 1.0055 $LunaX on @loop_finance

2. Unstake $LunaX on @staderlabs
(1 $LunaX = 1.022378 $LUNA)

3. After 21-24 days, you will receive 1.028 $LUNA

4. Repeat

= 2.8% profit in 21-24 days. 🌖
When you compound this (15-17 times in a year), you get an APY of 50-60%.

For reference, this is basically the Slow Burn strategy that I wrote about a few months ago, but using $LunaX instead of $bLUNA.

To find the best arbitrage opportunities on $LUNA at any time, check out this INCREDIBLE telegram bot: arbie.app

Whoever developed this deserves a massive round of 👏👏 Image
Read 4 tweets
shivsak Profile picture
Mar 7
My YouTube channel (Lightbulb Moment) hit 1000 subs today.

We make animated explainer videos to explain tech and #crypto concepts simply.

I started this over a year ago with a friend but I haven’t been able to find enough time to write content for the videos.
We received lots of positive feedback about the simplicity of our animated explainers - I want to continue making videos but can’t seem to find the time all by myself.

If anyone is interesting in helping me revive the channel to help explain #crypto and #DeFi simply, please DM.
Here’s a few samples of the videos we’ve made:

Read 4 tweets
shivsak Profile picture
Mar 6
Since $LUNA just had a fantastic run, there seem to be a lot of new people just learning about the #Terra ecosystem. 🌖

For all the #LUNAtics (present & future), I collected my top 🧵s about the @terra_money ecosystem into a mega-🧵 (I plan to keep updating this)

[1/x]
2/
An overview of @terra_money, how $UST and $LUNA work together, and why it's such an exciting ecosystem:
3/
Anchor Protocol explained: How does @anchor_protocol sustainably pay 19.5% APY to $UST depositors?

Read 14 tweets
shivsak Profile picture
Mar 5
How do you short an asset in #DeFi?

[1/x] 👇 🧵
Let's say you want to short $BTC. Current price is $40k.

1. Borrow 1 $BTC on a lending platform like @HundredFinance (0% APR)
2. Immediately sell the borrowed $BTC for $40k $USDC.

(Can do this with any amount, just using round numbers for the example)
Case 1: $BTC goes to $20k

• You have a loan of 1 BTC ($20k)
• But you have $40k in $USDC.

After paying back the loan, profit = $20k.
Read 16 tweets
shivsak Profile picture
Mar 4
A 🧵 explaining @solidlyexchange, @SolidexFantom, @0xDAO_fi, @_veDAO_.

$SOLID $SEX $WEVE $OXD

[1/x] 👇🧵
2/

@solidlyexchange is a new DEX by @AndreCronjeTech (founder of $YFI and $KP3R) that launched last week.

There has been much hype about Solidly for months, and in just a few days since launch, @solidlyexchange managed to accumulate over $2B in TVL.
3/
$SOLID follows a similar model to $CRV.

• Cheap, low-slippage stableswaps.

• Lock $SOLID for $veNFT (voting power)

• Direction of emissions is decided by voters

• Voters receive bribes
Read 33 tweets
shivsak Profile picture
Feb 25
$MARS (@mars_protocol) lockdrop closes in ~32 hours.

I tried calculating / speculating how much you could make from locking $UST. 🧵 👇

[1/x]
2/
For context: I explained @mars_prrotocol, and how to get in on the lockdrop here before:
3/
Let's say you intend to lock $1,000.

Here's how many $MARS tokens that would get you depending on lockup period:

• 3 mo: 127 $MARS
• 6 mo: 357 $MARS
• 9 mo: 664 $MARS
• 12 mo: 1,022 $MARS
• 15 mo: 1,431 $MARS
• 18 mo: 1,878 $MARS
Read 17 tweets

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