...I think Stablecoins are going to be the biggest thing in crypto the next few years, as there is an insatiable demand for them (just as with other EuroDollars generally (dollars outside the US banking and credit system) h/t @noahseidman h/t @JeffSnider_AIP).
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There is also an insatiable demand for stablecoin yields, and @BeanstalkFarms offers some of the highest such returns in defi at the moment…
In addition, there is currently a vote going on whether to add the Bean:3CRV pool to the Curve Gauges system...(cont.)
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...which may potentially increase @BeanstalkFarms yields even more.
In closing, if you found this thread helpful please RT and follow!
Here’s a bunch of other excellent resources on @BeanstalkFarms:
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Note: This thread was done in concert with @CRE8RDAO, big respect to my man @ceazor7!
If you are a protocol or a content creator make sure to check them out!
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Also the #FrenchChart diagram is done through an awesome website called @excalidraw - totally online, totally free, no download needed, highly recommend them.
Alright my good frogs + frens … here is a thread and some #FrenchChart on a very fascinating protocol called ‘Beanstalk’ :)
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@BeanstalkFarms is a stablecoin protocol on ETH L1 that has been around since last fall…
Its stablecoin, $BEAN, currently has a market cap of $50M as per @coingecko.
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‘Beanstalk’ is not an off-chain backed stablecoin like $USDC, nor an on-chain collateral-backed one like $DAI or $MAI, nor a partially-collateralized one like $FRAX.
Conclusion: All of the above variables will shape and define the rest of this decade, and it will be fascinating to see how they unfold.
To answer the question of whether Millennials will get screwed or get rich in the 2020’s though, I think it really depends.
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Some Millennials will do extraordinarily well, but sadly others will struggle – a continuation of the same process of increasing wealth inequality we have already been witnessing (possibly hastened by wealthy young ppl leaving West entirely to avoid high taxes)
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A plumber in FL or gigagenius-coder in TX with good investment exposure may come out of the 2020’s with millions upon millions of dollars, but a paralegal in San Francisco or a secretary in Buffalo w/ (no investments or 401k that’s 50% bonds) may do extremely poorly.
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(continued) Thread: Will Millennials Get Screwed In The 2020's? Or Rich?
...continuing onward...
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Its not all positives on this front though…
For at the same time the Boomers are retiring, young Western job seekers are increasingly having to compete with workers from countries like the Philippines and India, where the cost of labor (and cost of living) is far less.
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Anyone who has hired freelancers on Upwork has seen this firsthand, w/ the untold number of highly intelligent + motivated Filipinos + Kenyans + Indians competing for work on the platform...
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QiDao is one of the fastest-growing, most well-respected protocols in defi, and the sheer multitude of ways you can earn $ from it are quite vast...
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I did a big thread on @QiDaoProtocol a few months ago (see below), but today in this thread I wanted to actually break down all the various ways you can earn yield via...(cont.)
...the @QiDaoProtocol ecosystem, as there have been new strategies popping up almost daily it seems like...
As a brief reminder, QiDao is a fully-collateralized disintermediated on-chain stablecoin protocol, using stablecoin $MAI (aka $MiMetic) and governance token $QI.