ALΞX Profile picture
Mar 21 9 tweets 7 min read
🧵 Snapshot of the @MetisDAO ecosystem. Digging deep into #METIS and like what I see. It's in it's formative stages but very promising. Here's some projects I'm exploring, broken down by category. Will be covering some of these in more detail in the coming weeks. $METIS 1/9
If you want to learn more about $METIS itself there's plenty of great threads out there breaking it down. I recommend this thread by @Plebonacci which gives some excellent detail. Now read on for the ecosystem plays!

2/9
♻️ DEX options:

Tethys @tethysfinance $TETHYS
Netswap @netswapofficial $NETT
Hermes @MaiaDAOMetis $HERMES

I've been using Tethys and Hermes which have both been a great experience to date. Pretty typical experience, just fast and with low fees. 3/9
💸 Yield optimizers:

Beefy @finance_beefy $BIFI
Starstream @starstreamfin $STARS
OxNodes @0x_nodes $BIOS

Got $TETHYS $METIS LP on Beefy for 180% APY, veSTARS staked on Starstream for 140% APR. Not used 0xNodes yet but looks like a good way to earn more $METIS at 23% APR. 4/9
🧠 Innovative DeFi:

Maia @MaiaDAOMetis $MAIA - decentralized reserve currency
Bulma @bulmafi $BULMA - financial contracts
Binary @BinaryDAO_fi $BYTE - innovative #DaaS
Agora @AgoraDefi $AGORA - borrowing/lending

Staking MAIA, bullish AF on BULMA, watching AGORA and BYTE. 5/9
🪙 Seignorage coins (volatile and high risk):

Argo @argodefi $ARGO pegged to $TETHYS
Repath @repath_finance $RePATH pegged to $NETT
Peak @PeakFinance_DAO $PEAK pegged to $METIS

Auto-compounding $ARGO $TETHYS at a silly APY. Looking forward to the launch of $PEAK in April. 6/9
🥩 Auto-staking (volatile and high risk):

Ares @Ares_Finance $ARES
Gaia @gaia_finance $GAIA
Nomos Inu @nomosinu $NOMOS

It's #TITANOFork season and I'm a degen at heart so aped small amounts into all three. There are others, these are the ones I prefer. High risk #DYOR 7/9
There's plenty more going on and will be putting out a load of $METIS content as I delve deeper. These were the things that caught my eye as I built out my #METIS pf. Exciting times for the @MetisDAO ecosystem and I think it's primed to take off. We're early but be patient. 8/9
Not financial advice. It's very early stage so do your own research. I've allocated a sensible portion of my pf to exploring #METIS with the majority in $METIS and $TETHYS and small bets on the degen plays with stop loss at 0! Lmk if I missed anything super interesting! 9/9

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More from @CrossChainAlex

Mar 23
🧵 @bulmafi $BULMA is an extremely interesting project on #Metis. A decentralized marketplace for creating, trading and managing vouchers: Semi-Fungible Tokens that represent financial rights. This project deserves some attention and a thread of it's own! 1/16
The vouchers are a novel asset class that can be used for a number of things:

* Fundraising
* Community-building
* Liquidity bootstrapping
* Treasury diversification
* Risk mitigation

But what are these vouchers and how do they work? 2/16
They are financial #NFTs based on the EIP 3525 Semi-Fungible Token Standard. $BULMA is based on @SolvProtocol which is building a similar voucher marketplace on #Ethereum #BSC and #Polygon. The $BULMA dev is in discussions with the $SOLV team!

eips.ethereum.org/EIPS/eip-3525 3/16
Read 16 tweets
Mar 22
🧵 I have a sneaky feeling #TitanoForks are going to kickstart a micro cap frenzy on #METIS.

They’re ultra degen and I doubt they are sustainable. So I look at ones that are building with a longer term strategy/utility to optimize my odds.

Here are three to look at. 1/6
There’s @Ares_Finance $ARES that are building out a launchpad and #NFT and #Node layers on top of their base level #TITANOfork. The dev is very hard working and ships fast. Sub 500k market cap.

t.me/Ares_Finance 2/6
Then @gaia_fianance $GAIA. Hard working team also with interesting concepts around #NFT and $GNODES ideas. Docs state that they want to build a sustainable #DeFi product beyond their #TITANOfork. Let’s see. Also sub 500k market cap.

t.me/gaiafinanceoff… 3/6
Read 6 tweets
Feb 13
🧵 Delighted with this deal. The @crosschainfarm investment in @JPEGMorganCap has increased the $CCF treasury and offers greater exposure to the #NFT market. I personally love the project so much I'll also be onboard as an advisor. Here's why 👇
1/12
At first I was sceptical due to my aforementioned belief that the #FaaS space is become saturated. But $JPG taps right into the trend I flagged the other day regarding #NFT etc. "as-a-service". Read the below thread for my thoughts on that.
2/12
But what really blew my scepticism out of the water was a call with dev and founder @0xSodefi, He has that the super rare mix of tech, branding and marketing smarts in one brain! Very hard to find and he's tapped into the zeitgeist. Give him a follow. 3/12
Read 12 tweets
Feb 12
🧵 It's the weekend so let's have some fun. It's #memecoin season! Incredibly I've actually made money on a #dogcoin. That coin is @RoganInu $MRI. It's an incredible experience seeing the power of #crypto to rapidly mobilise a hive mind and create something unique 👨‍🦲🐶🥊 1/13
Despite success in #DeFi I've always lost money on #memecoins. I saw @ChadCaff and @chirocrypto mentioning $MRI. Good guys who put in the work, share gems with followers early, and work hard for their bags. I thought @joerogan narrative, dogs, @ufc... yeah that could work. 2/13
The marketing angle was clear, but through the team and power of the community a greater utility emerged... leveraging the treasury to support underpaid fighters. As a massive #boxing and #mma fan I love that. These guys are warriors and the pay structure is very top heavy. 3/13
Read 13 tweets
Feb 11
🧵 #FaaSFriday! I'm lucky enough to have a lot of connections to #FaaS founders. I hear a few things. Can't give away all my secrets, but here's what I'm hearing and what I'm excited about! Latest developments in the world of #FaaS along with the usual lists. Alpha below 👇 1/14
Here are the top 29 #FaaS projects that I am aware of. @FoodFarmerFi making moves and hitting top 5. New launch @DigitsDao on #Avalanche straight into the top 5. As usual let me know if I've missed anyone. That's the numbers! Now on to the really interesting stuff. 2/14 ImageImage
There are lora of new #FaaS entrants hitting the market every day, trying to capitalise on the trend. If you're not bringing innovation or don't have a super based farmer/team, then you're probably ngmi tbh. That's said I am hearing about some innovative upcoming launches 🤫 3/14
Read 14 tweets
Jan 17
🧵 This thread explains in clear and simple terms how we are building a full suite of #DeFi products on #BSC, with @d3protocol and @crosschainfarm working in harmony. This is full service DeFi made easy. Buy. Hold. Earn. 1/18
Firstly, @d3protocol is a decentralized reserve currency and savings account for DeFi 3.0. You buy or mint, and then stake your $DEFI in order to receive exposure to the D3 treasury basket of DeFi 3.0 and #FaaS / #IaaS assets held in the treasury, backing the price of $DEFI. 2/18
You acquire $DEFI by minting (or bonding) like with $OHM or $TIME, There are no taxes on mints which offer 5-day vested and discounted $DEFI against $BUSD, $BNB, $CCF, and other high performing DeFi 3.0 #FaaS / #IaaS assets. 3/18
Read 18 tweets

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