Learning to manage #money is hard. Keeping up with an ever-expanding vocabulary of new financial terms to properly manage our investments is even harder. We're here to help. Here's a glossary of must-know financial terms.
1/ We've learned the hard way to always understand the latest lingo being used by anyone that's asking you to #invest your money into their project. We found our favorites and shared some short, (fairly) accurate definitions of some of the most interesting words found in #finance
2/ We've covered some aspects of the #DeFi multi-verse in previous threads. be sure to check these out for further elaboration on some of the more abstract concepts in decentralized finance. bit.ly/3JBZovi
3/ We highlight some of the smartest people in the space that have helped us keep up with the breakneck speed of evolution in DeFi. @phtevenstrong is the top of the list for seeing through the noise and explaining complex primitives to normal apes.
4/ @TaikiMaeda2 also deserves recognition for busting onto the scene when the rest of the world was still trying to decipher liquidity mining incentives. He continues to provide excellent advice and tips on yield farming strategies and good mindset.
5/ @noahseidman is another honorable mention for his ability to break down the complicated assessments necessary to make a good decision about a protocol or a company's fundamentals. He's
another clear and logical thinker we can learn a lot from.
From Rehypothecation to Rebasing, we hope you gain some insight into what's really happening when someone mentions any of these over-complicated words, and hope it helps you make well-informed decisions the next time you ape into the latest 1M% APY turbo-ponzi. GLHF!
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Very talented trading geniuses can still go bust if they don't have good risk management skills. Here are some thoughts and tips on how we've learned to approach and think about #risk: bit.ly/3uhlGMh
1/ There's endless opportunity and those with enough knowledge and skill can just keep winning while 80% of #traders fail. The 2 most significant areas to focus on, if you want to stay on top, are #education and mastering self-control
2/ Making decisions about how much to allocate to each of your favorite asset classes doesn't need to be stressful. By starting with a hard number of maximum possible loss relative to our net worth, we can establish relative percentages to use as a guide for sizing our bets.
2/2 ⁍@AmbireWallet is gaining some attention for their efforts to lower the barriers to entering crypto with their unique accounts that can be registered and recovered with just an email address. This is an important innovation to keep making Web3 as user friendly as possible.
⁍If you didn't have a chance to read our recent overview, medium.com/momentum6/secr… , here’s a shorter summary of why @SecretNetwork is arguably one of the most important and valuable networks live today.
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1/ ParaState VM’s distinguishing feature is its compatibility with Ethereum code allowing projects already running on Ethereum to migrate to the Polkadot ecosystem with just a few or no changes to the code.
2/ Developers creating products for Ethereum can opt to deploy their products in the #multichain@Polkadot ecosystem. What’s more, these developers can migrate non-Ethereum projects to #WASM and not worry about security or speed.
⁍The spirit of experimentation in #DeFi lives on, but this time we can't go complaining to the Developers. @DefiOlympiads offers an opportunity to test new mechanisms and try to break them
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2/2 ⁍Players must use their TICKET tokens to collect as many MEDALs as possible. #Hacks and exploits will NOT be penalized. MEDAL holders will get proportional airdrops later when these new protocols launch. But If anyone annoys the developers, the 'toxicity bond' gets extended.
⁍@gensynai announces a $6.5M seed round led by @eblockventures to build out a #decentralized Deep Learning infrastructure that enables individuals to contribute processing power to a decentralized compute network.
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