Defi Robot Profile picture
Mar 17 8 tweets 3 min read
A lot of super smart cats talking about how to get involved in #crypto for solid gains. And I LOVE it. I follow them.

But a lot of privilege gets left out of the story. Many had access to starting capital or non-stressful economic situations

Here’s a 🧵 on how to bootstrap /1
Many smaller investors are attracted to crypto due to the low barrier of entry.

But small bags means more easily rekt and taken out of the game.

So an enormous pressure to not make mistakes ends up causing mistakes.

🧵/2
But there IS a way you can protect against this.

Start an investment club with your friends.

It’s as simple as starting an LLC in the US (Delaware or Wyoming, all online).

SEC doesn’t regulate investment clubs as longs as…

🧵/3
1. Everyone contributes to making investment decisions.
2. There’s less than 100 members.
3. You don’t sell membership into the group.

So if you’re just a group of friends pooling your money to invest, you’re g2g.

🧵/4
What this allows you to do is diversify, since you have more capital to play with.

Then you can split up your portfolio into risky and less risky assets.

Just like a DAO with a treasury, without trusting strangers or smart contracts you didn’t write.

🧵/5
Create your own, much smaller, much easier to manage DAO among trusted friends.

And secure your bags together.

My advice on how to do that? (#NFA #DYOR)

🧵/6
Split the entire account into three segments.
1. #Degen plays (#Nodes #YieldFarming #NFT flips, etc)
2. Midcaps ( $FTM and stake it. $UST and staked on Anchor, etc)
3. Blue chips ( $BTC and $ETH)

These items can vary, this is just an outline.

🧵/7
Choose investments together, and then assign everyone to track and learn based on interests.

After all, what are friends for but to help each other win?

🧵/finis

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More from @RobotDefi

Mar 18
An important part of vetting new projects is checking whether the liquidity pool is locked or not.

Many people are confused as to how to do this. So here's a thread on one way to check for yourself if a project's LP is locked.

🧵/1
First, it's important to understand WHY you want the liquidity pool to be locked.

If it's not, then the developers can literally cash in their LP tokens, leaving protocol tokens worthless.

There are two types of locks: time locks and multi-sig locks.

🧵/2
Multi-sig is good, but if all the actors on the multi-sig are bad actors, this doesn't do you much good.

The ideal scenario for a liquidity pool is a time lock. I think 12mo + is best, but many projects are starting to do 6mo.

🧵/3
Read 12 tweets

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