Rebel Defi πŸŒ– Profile picture
May 21 β€’ 6 tweets β€’ 3 min read
It started with Terra $LUNA πŸ”₯

But instead of πŸš€πŸŒ–, I flew too close to the sun and came crashing back down to 🌍

At the end of 2021 with my portfolio the highest it had ever been, I got cocky, I showed my mum my number and she urged me to "take some out"...
But why would I do that? $LUNA to 1000 was not a meme. We were just getting started...

This episode has been a valuable learning experience πŸ€”

Obviously I have regrets. But without going through this death spiral, I wouldn't have fully appreciated...
1. The necessity of sensible risk management: don't put all my eggs in one basket.

2. Taking profits into cash money in a traditional bank account.

Even if I sold at the 2021 ATH, even if I had withdrawn to my bank, I know I would have gone back into $LUNA when it dipped 50%
Even if I had sold again at 2022 ATH I would have kept it in $UST in @anchor_protocol so in a funked up way, I was destined to lose it all to realise my investment thesis was utterly naive 😳

Lots of #LUNAtics have gone through a similar experience 🀯

I want to take this negative and somehow turn it into a positive. I'm still here, still smiling, still learning, still growing πŸ™Œ

I have very few eggs left, but am now researching lots of different baskets @cosmos @osmosiszone @JunoNetwork @ElrondNetwork @0xPolygon
And it's always worthwhile to get outside in the fresh air and sunshine πŸ™

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More from @rebel_defi

Dec 30, 2021
Responding to a question from @crypto_juliano

Newer version of the video I took down will be out soon.

This is the sort of thing I will address.

My preferred strategy is for using borrowed funds follows πŸ‘‰

This is what I might do #NFA #DYOR

Assuming 1 $LUNA = 1 $bLUNA + $100 just to keep calculations easy to follow.

Say I have 100 $bLUNA in Anchor Borrow and no other Terra assets

Borrow $3,000 LTV = 30%

$1,000 -> 10 $LUNA -> 10 $bLUNA, deposit into Anchor Borrow LTV = 27%
Collateral is 110 $bLUNA = $11,000

Loan = $3,000

Deposit $1,000 to Anchor Earn. Insurance policy in case $LUNA crashes to pay back 1/3 of loan instantly.

Buy $500 $ANC

Pool $ANC - $UST provided liquidity on Anchor to earn ~ $2.84 $ANC/day
Read 5 tweets
Dec 27, 2021
How to become a millionaire in 2022 on Terra

#NFA #DYOR

Assumptions:

1. $LUNA = $100

2. A person owns 1000 $LUNA

3. $LUNA will 5X in 2022

4. $pLUNA / $yLUNA on @prism_protocol trade close to 50:50 ratio

Method below πŸ‘‡
1. When @prism_protocol is released, split 1000 $LUNA into 1000 $pLUNA and 1000 $yLUNA

2. Sell 1000 $yLUNA for $50,000 and buy 1000 $pLUNA for $50,000. Now holding 2000 $pLUNA

3. Wait for $LUNA to 5X

4. 2000 $pLUNA now = $900,000

WTF 🀯
$pLUNA provides leveraged exposure to $LUNA price movements without the risk of liquidation. I like πŸ™Œ

A 5X becomes a 9X πŸ”₯

Risks:

If $LUNA falls, you lose.

If $LUNA goes sideways, you could have done better staking.

But if $LUNA pumps...winning πŸš€
Read 4 tweets
Dec 26, 2021
Step 2: Consider how @prism_protocol DeFi LEGO can be used to build another level on top of this strategy.

prismprotocol.notion.site/prismprotocol/…
@Shigeo808's original 100% $LUNA spreadsheet illustrates potential returns of using $bLUNA collateral to borrow $UST to buy more $LUNA

Read 4 tweets
Dec 23, 2021
Following @Shigeo808 I have learned more than simply how to invest my $LUNA.

He has provided inspiration and motivation. He has given me the belief that I'm GMI 🀝

But he's changing up his investment thesis for 2022. A 🧡on my current ideas for 2022...
Before blindly following someone else's investment strategy, it is important to understand their thinking.

@Shigeo808's strategy for 2021 is documented here
In 2022, he will modify his strategy to do more of a strategy he has already begun...

Borrowing against $LUNA in @anchor_protocol to buy more $LUNA.

Essentially taking a leveraged-long $LUNA position.

Read 14 tweets
Oct 21, 2021
A 🧡on impermanent loss and why, as a #LUNAtic, I don't let it bother me.

Firstly, I haven't always been so blasΓ© about it. In fact when I started providing liquidity I used to be quite worried about changes to token prices.
Now when I join LP pools, I typically join TOKEN - $UST pools, e.g. $MINE - $UST and more recently $Psi - $UST

These pools offer high APRs which is one of the main reasons I invest in them, as something I learned from @Shigeo808 is that I want to generate cashflow.
As an example (figures for illustrative purposes only): If I invested $1,000 in the $Psi - $UST pool when $Psi was at $0.10 and assuming interest rate of 330% APR, I would be making $9/day in interest.

If $Psi doubles in price to $0.20, the impermanent loss would be less...
Read 7 tweets

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