ALΞX Profile picture
May 7, 2022 20 tweets 16 min read Read on X
🧵 Here's how I make 43% APY on $USD (and my $EUR, $ETH and $BTC) by utilising a fully regulated brokerage service called #Freeway. Perfect for bear markets and I personally believe it is safer and with a better R:R than e.g. $UST on #AnchorProtocol or $USDD on #TRON. 1/20
❗ This is my own research presented in an objective manner. I include a few of my own opinions. Not financial advice, do your own research, be aware of the risks. Learn about #Freeway here (referral link, but using it boosts your rewards by 2%):

app.freeway.io/ref/fw10f3f9b9 2/20
📜 Background: founded in 2017 as #AuBit, rebranded to #Freeway. Global team of 40+. Formally registered operations registered in Greece, UK, and Germany (prime brokerage), Estonia (licensed virtual currency exchange), and Seychelles (business operations). 3/20
👨‍⚖️ Risk analysis: #Stablecoins like $UST and $USDD face de-peg and hack/smart contract risk. #Freeway $USD and $EUR deposits are placed in regulated brokerage accounts, i.e. held in fiat currency and so theoretically do not face these risks and are protected by regulations. 4/20
📊 Returns: The #Freeway superchargers offer up to 43% APY on $USD, $EUR, $BTC and $ETH. Note that the superchargers themselves are unregulated as my they are simulants backed by the funds held in the regulated prime brokerage account. 5/20
🔋 Additional superchargers: as per above image, as well as 43% APY superchargers for #Bitcoin, #Ethereum, $USD and $EUR they also offer 21.5% APY on $BNB, $ADA, $DOT and $XAU (#gold). I think adding more in the future too. They all work the same as detailed below. 6/20
🧐 Is it a Ponzi? Funds held in #EU regulated #Freeway brokerage account. Can only be used for client withdrawals. Borrow against funds and licence #quant strategies (#forex, #crypto etc.) with 5-year record of 50%+ annual returns. Keep buffer of funds for extra protection. 7/20
🧑‍🤝‍🧑 Social finance: effectively they are opening up elite #hedgefund strategies to the masses with 80% of the aforementioned trading returns redistributed to holders. That's where returns come from and these will be audited. Find out more here:

app.freeway.io/ref/fw10f3f9b9 8/20
❓ How rewards work? Base rate is 20%. Boost +10% with a rolling 30 day lock on deposits. Buy and stake native $FWT token (5% $USD value vs. your deposits) for +10% boost. Follow the newsletter for +3% (further social boosts incoming up to +10%). 20% + 10% + 10% + 3% = 43%. 9/20
💰 How are rewards paid? Daily; 0.098% x 365 days = 35.78% (APR), compounded daily for 43% APY. Boosted to 50% soon via additional social engagement criteria. Rewards auto-compound in native currency of your supercharger(s) $BTC, $ETH, $EUR, $USD etc., track via dashboard. 10/20
🪙 $FWT token: native token used for staking to boost rewards. Launched back in 2020. Price steady. 85% of circulating supply is staked. I think as more people wise up to #Freeway buying and staking $FWT is not a bad move regardless, so may offer longer term upside. 11/20
🤗 Onboarding. Choose supercharger, lockup period, and amount and add to basket. Follow the instructions to pay (via crypto with credit and debit card payments coming soon). For max boost, buy/stake $FWT via the dashboard and sign up to newsletter:

app.freeway.io/ref/fw10f3f9b9 12/20
🔒 Safety of funds: funds held in #Freeway brokerage account (under strict EU regulations, e.g. client fund segregation requirements). Funds borrowed against this money to generate returns which are paid out to the superchargers. Further protection/insurance planned. 13/20
💻 Security of tech: superchargers are unregulated as they "simulate" virtual tokens. So there is theoretically nothing to hack. #Freeway have partnered with Steady State to protect at the one point of potential tech exploitation - at the point where funds are deposited. 14/20
💑 Team: team of over 40 with most senior management based in the UK. Strong financial markets experience from the likes of Goldman Sachs, Morgan Stanley, IBM, Fidelity, Credit Suisse, Google, HSBC and Prudential. Check LinkedIn below:

linkedin.com/company/freewa… 15/20
📈 Stats: currently over 20,000 users, $150m in AUM in the superchargers, and 85% of $FWT circulating supply staked. Very well established with decent AUM. They say they can maintain the 43% returns up to $250b in AUM, so some way to go. Join here.

app.freeway.io/ref/fw10f3f9b9 16/20
⚠️ Risks: #stablecoin de-peg and hack/smart contract risk should be minimal. But this still faces all the same risks of traditional regulated investment vehicles such as trading risk, loan defaults, centralized control etc. #DYOR and make sure you understand the risks. 17/20
🚀 The future: they are planning on launching a #Freeway spend account to bring every day banking services and additional rewards, including bank transfers for deposits and withdrawals, a virtual debit card for every day spending, and additional rewards on your spending. 18/20
If you found this interesting, check out my thread on #YieldNodes, a higher risk strategy I use to generate around 90% APR on #stablecoins. Thanks for reading. Just my research, not financial advice, do your own research, understand the risks!

20/20

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More from @CrossChainAlex

Feb 25
🧵 Vector Reserve Mega-Thread!

Narratives come and go, but demand for liquid $ETH yield will always remain.

Going into a bull, with LSTs, @EigenLayer (LRTs), and potential $ETH ETFs...

Here is why @VectorReserve is one of the innovative new DeFi entrants I am most bullish on! Image
What Is Vector?

LST and LRT liquidity is deeply fragmented. It needs a liquidity layer. Vector is that liquidity layer.

This is achieved via $vETH, the first Liquidity Position Derivative (LPD), aggregating and optimizing liquidity and yield from LSTs and LRTs. Image
How Does vETH Work?

Users mint $vETH using $ETH, or a number of accepted LST and LRT collaterals. These are paired as LPs to create liquidity that backs $vETH.

Think of it as a dynamic, risk adjusted, diversified ETH pegged, yield bearing basket of assets that back $vETH.
Read 26 tweets
May 29, 2023
🧵 In this market there are gems out there. I'm zoning in on a handful of projects I think have the potential to make a big impact.

@LimitlessFi_ fits the bill. A novel Uniswap v3 style solution with near unlimited leverage with no forced liquidations.

Early alpha below. /1 Image
@LimitlessFi_ Market addressed:

They are addressing the on-chain perpetual market.

This market has seen 30% CAGR and is on track to do $500B annualized volume.

A large and growing market. Yet it still suffers from a number of inefficiencies.

Credit to @JamesCliffyz for the data. /2 Image
@LimitlessFi_ @JamesCliffyz Demand side problems:

Forced liquidations result in forced selling/buying at local bottoms/tops.

Leverage providers risk incurring bad debt leading to fees = leverage is expensive.

Leverage is limited to a small number of pairs relying on liquidity/market makers. /3
Read 15 tweets
Feb 24, 2023
I have been asked to comment on some FUD around @FactorDAO and @Kurapika_DAO.

I do my own extensive due diligence before engaging with any project, as like many of you I am wary of the risks in the crypto space.

Here is my position on the points raised. /1
Kurapika was open about his past experiences in crypto with me from day one, totally unprompted.

He tried to launch DAO Nation, it was in a bear, it didn't work out, he didn't financially benefit from it. /2
He also did run a VC backed ICO ratings firm back in 2017/18 (I've verified this). The intention was to provide research to highlight both the risks and opportunities of various ICOs.

ICOs died with the last bear market and so did his business. It happens. /3
Read 10 tweets
Feb 4, 2023
🧵 Many of have been on the fence regarding the mysterious #X7Finance DEX protocol. Is it elaborate vapourware?

Quite the opposite, we're watching a multi-chain DEX and closed loop liquidity loan ecosystem being rolled out across 5 chains.

Prepare to have your mind blown 🤯 /1
🧪 If you need to get up to speed on #X7Finance then check out this introductory thread.

It's a fully decentralized, faster, cheaper Uniswap alternative with an inbuilt liquidity lending and yield ecosystem.

Take some time to get acquainted.

/2
🧠 Now check these threads for details on...

🕴️ Business case:


🖱️ Features and benefits:


💻 Technical information:
/3
Read 18 tweets
Feb 2, 2023
🧵 I've been lucky enough to get access to the @vela_exchange beta.

I've taken it for a test drive, and so far I really like it.

It's slick, quick and very easy to use with some nice features.

Here's a quick run through so you can get set up easily when they open access. /1
🖊️ First off I logged in with my whitelisted wallet and signed to give access. Nice and simple.

I then deposited the princely sum of $100. Make sure you have $ETH too to cover transaction costs.

Obviously these are very cheap as it's on Arbitrum. /2
💱 On the home screen they have the list of assets available for trading. 3 cryptocurrencies: $BTC $ETH $DOGE and 3 fiat 🤮 synthetics: $EUR $YEN $GBP

You can see volume, open interest and number of trades as well as an account summary. Feels clean like the better CEX UI. /3
Read 12 tweets
Jan 15, 2023
🧵 Things are hotting up for @FactorDAO. The public sale on @CamelotDEX is coming up fast in 5 weeks (announcement soon!).

Here's a recap on what $FCTR is all about and some sneak peaks into what's going on behind the scenes (plus some alpha if you read to the end) 👀 1/14
❓ Let's simplify exactly what @FactorDAO is!

It's bringing the multi-trillion $ asset management sector on-chain for #DeFi.

No code vault creation utilizing any asset to create any type of strategy.

One click deposit and passive #realyield generation for investors. 2/14
🕴️ In #TradFi the average person does not have the time or knowledge to invest effectively.

Instead they invest in indices, or ETFs, or give their money to an asset manager or hedge fund.

The objective is to deposit money, let a professional manage it, and receive returns. 3/14
Read 14 tweets

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