Sounds Tricky Profile picture
Apr 27, 2022 7 tweets 4 min read Read on X
With all this talk about a #bearmarket I've decided to think long and hard about what's important for #DeFi during these sideways times. I've come up with a checklist and strategy to help me and you though these times of turbulence. NFA
Here is my #DEFI checklist. Print it, save it, whatever helps you to get through these times. Remember, its only a #bearmarket until its not 🐻 Image
Im just going to iterate a few things that my not be clear. Point 3 - On #CoinGecko you can switch off your folio $ value - see below. Image
Point 5 - if you didn't already know, you can create a watch list on #defilama Image
Point 8 - See my taking profit strategies from a few weeks ago. Choose 1 and stick to it. This is still important, now maybe more than ever. NFA ImageImageImage
Lastly::: Point 10 - take a look over the this bear market token builder. NFA.DYOR. This is an example only. $ETH $MATIC $WETH Please don't use your investments, build from rewards only. Image
I hope this helps you during these times of uncertainty.
Please share and help others as well. Stay cool, keep rocking it and Stack, Stake, Chilax 👍

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More from @SoundsTricky

Apr 22, 2022
DEFI CAN BE CRUEL: DON'T LOSE YOUR INVESTMENT! Image
Using DEFI institutions is an up and down rollercoaster 🎢 of wins and losses.

I’ve lost a few - and I’ve won a few as well

What I have learnt over my journey may be useful to others but hopefully, if nothing else it can save u some of the dollars I have lost along the way 🙏
#DEFI and #StakingRewards tend to work as follows
1). Token launch and high APR brings in new investors
2). New investors flock in for high APR and this drops the APR
3). Initial investors dump their tokens on the late comers and the price of the token plummets.
Read 21 tweets

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