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Apr 8 • 22 tweets • 13 min read
Beanstalk Thread Continued (below):

🧑‍🌾💪🧵

As I have discussed before...(cont.)

26/x
...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).

27/x
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:

29/x
Awesome thread from @The_ReadingApe:



30/x
Extremely detailed thread on Beanstalk and specifically the math that lets it actually function correctly, part 1



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Part 2 of above thread from @KidQuartz1:



32/x
Good thread on Beanstalk basics from @iure_eth:



33/x
A good thread from @AmbeshShukla02 on the protocol:



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Here is a great introductory thread on @BeanstalkFarms from @bean_merchant:



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Additional important links courtesy of @bean_merchant:



36/x
Excellent breakdown on mirror xyz:

mirror.xyz/astn.eth/w5336…

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Great Substack piece on @BeanstalkFarms basics and history:

beanmerchant.substack.com/p/updated-bean…

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Must-watch video from the OG @phtevenstrong (The Calculator Guy):



39/x
Awesome above-referenced interview with Publius from @BeanstalkFarms from the NASJAQ YouTube Channel:



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Excellent video on @BeanstalkFarms from @Ceazor7:



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Another Publius (and @bean_merchant) AMA with @BanklessHQ:



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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!

43/x
Also the #FrenchChart diagram is done through an awesome website called @excalidraw - totally online, totally free, no download needed, highly recommend them.

And h/t @lemiscate for inspiring my love of #FrenchChart generally :)

44/x
Another great @BeanstalkFarms thread I just saw from @DeFi_Made_Here via @DazaiCrypto:



45/x
Also, beyond $BEAN, for more info on stablecoin farming opportunities follow these Chads:

@Dynamo_Patrick
@JackNiewold
@cryptobrucey
@Prof_Crypto_B
@DeFi_Made_Here
@milesdeutscher
@TaikiMaeda2
@shivsakhuja
@Route2FI
@TheBreadMakerr
@gabrielhaines
@CFrogE1

46/x
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More from @rektdiomedes

rektdiomedes Profile picture
Apr 8
Thread: An Idiot’s Guide To @BeanstalkFarms

🧵🧑‍🌾

Alright my good frogs + frens … here is a thread and some #FrenchChart on a very fascinating protocol called ‘Beanstalk’ :)

1/x
@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.

2/x
‘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.

It is more similar to...(cont)

3/x
Read 25 tweets
rektdiomedes Profile picture
Apr 5
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.

51/x
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)

52/x
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.

53/x
Read 15 tweets
rektdiomedes Profile picture
Apr 5
(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.

27/x
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...

28/x
Read 25 tweets
rektdiomedes Profile picture
Apr 5
Thread: Will Millennials Get Screwed In The 2020’s? Or Get Rich?

🧵

The 2020’s is shaping up to be a pivotal decade from a generational perspective…

1/x
In this decade the majority of the country’s 80 million or so Baby-Boomers (those born 1946-64) will retire and move into old-age.

The Millennials (roughly 1982-2004) by comparison, will be moving into what would normally be their peak earning and spending years.

2/x
While these two generations are roughly the same size, their respective trajectories have been radically different.

(As the never-ending stream of comparison memes illustrates :) )

3/x
Read 25 tweets
rektdiomedes Profile picture
Apr 2
Thread: Top 10 Ways To Make Money Using @QiDaoProtocol

🧵🧑‍🌾

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...

1/x
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.)



2/x
...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.

3/x
Read 19 tweets
rektdiomedes Profile picture
Mar 27
Thread: Random observations for the week while researching on @DefiLlama.

🧵

Checking out stats on chains + protocols so thought I'd make it a thread :)

1/x
Observations...

One: @CurveFinance is back over 20B TVL.

One month change of +12.82%... @LidoFinance and @anchor_protocol adding TVL faster though and not far behind it...

2/x
Two: In terms of chains, my beloved Fantom and Avalanche both are in red for one month TVL growth, so that is bummer...

Terra/Luna coming on like gangbusters in 2nd place behind Ethereum, with 44.99% growth in tvl the last month.

3/x
Read 22 tweets

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