DefiRobot.ftm Profile picture
Jul 10 5 tweets 2 min read
Want to learn how the brain works, why humans value what we value, and how to persuade value based decisions?

Here’s your reading list:
Thinking Fast and Slow
Predictably Irrational
Nudge
Influence
Pre-suasion
Misbehaving
The Undoing Project
The Persuasion Code

/1
Barking Up the Wrong Tree
Brainfluence
Alchemy
7 Secrets of Persuasion
Invisible Influence
What Your Customer Wants and…Can’t Tell You
Thinking In Bets
Friction
The Upside to Irrationality
Dollars and Sense
Payoff
Yes
Contagious

/2
This is a crash course in behavioral economics, basically. It helps readers identify how WE are persuaded as well as how to persuade.

This is intimately connected with what we value and why we make the value based decisions we do.

/3
Traders, be it retail investors, institutions, and even bot programmers, are all human.

Understanding why humans part with their money can make you a better investor.

/fin

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with DefiRobot.ftm

DefiRobot.ftm Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @RobotDefi

Jul 8
Sustainability was the buzzword of the day when #node protocols were the hot topic. Obviously it was just a buzzword, as no #NaaS protocol has proved to be that.

But what IS sustainability and how do we evaluate it? A thread 👇

🧵/1 Image
First, the definition of sustainable - able to be maintained at a certain rate or level.

So, sustainability is the ability to uphold that level of maintenance.

What does that mean in the context of #DeFi?

🧵/2
While the definition may be described differently depending on who you ask, the general consensus is;

sustainable = able to last long term.
Specifically, able to continue paying dividends (in whatever form that takes) or growing in value, long term.

🧵/3
Read 20 tweets
Jun 30
🚜DEGEN AF TRADING STRATEGIES: YIELD FARMING🚜

-*A yield farming primer for beginners*-

👉 What is yield farming?

Strategies deployed to maximize “yield” or returns 👇

🌾/1 Image
This spans across multiple strategies, such as:

· Lending

· Liquidity mining

· Staking

🌾/2
Lending and liquidity mining are basically the same thing – you’re lending your tokens out for others to use.

In the case of lending, that’s pretty straightforward. Someone needs tokens you have, you let them borrow them.

In the case of liquidity mining...

🌾/3 Image
Read 29 tweets
Jun 29
OK. This took longer than expected (lol) but here is my 25 Tweet thread-comic on the #fantom ecosystem (for beginners).
#FTM $FTM #fantomfam
👻/1
👻/2
👻/3 Image
Read 26 tweets
Jun 4
🤖DEGEN AF STRATEGIES VOL 2🤖

👉 Lending Loops

Let's talk about lending loops. These are far and away one of the most #degen strategies you can employ.

Why?

👇

🧵/1
Because, in a normal lend/borrow situation, you risk your collateral, but you still have the asset you borrowed.

In a lend loop, you risk EVERYTHING;
Your collateral AND your borrowed asset.

If you get liquidated, you have NOTHING.

🧵/2
First, let's talk briefly about how lending and borrowing work, so the loop scenario becomes a bit more clear.

In traditional finance, when you borrow money, you either put up something for collateral (your house or car) or the lender takes a risk based on your credit.

🧵/3
Read 33 tweets
May 27
TRYING TO EXPLAIN #DEFI TO MY MOTHER

I'm on a mission to help onboard as many "normies" possible into the world of DeFi

It requires choosing the right words & analogies to help explain technical concepts

So heres a 🧵 I hope you find helpful you can send to your own normies 👇
First, let's start with concepts we understand.

INCENTIVES. The world revolves around them. Everything anyone tries to get someone else to do involves incentives.

I mean, what is dessert for a child if not a bribe to finish dinner?

🧵/2
The world of finance is no different.

What bank do you open a savings account with?
Probably the one offering the highest APR (incentive).

What bank do you have a checking account with?
The one with cashback rewards, or lower fees, etc.

🧵/3
Read 19 tweets
May 26
Today I want to write about risk management.

I wrote awhile back about finding your trading edge & #candlestick basics:
()

My friend @Zetoveraleenzet pointed out that knowing this stuff doesn't help much without risk management.

So here's a thread

🧵/1
@Zetoveraleenzet First, what is risk management?

Technically it's the identification of risks and the procedures necessary to minimize them.

However, for trading I think the more accurate terminology would be risk mitigation.

🧵/2
@Zetoveraleenzet So, how do we mitigate risks while trading?

For proper risk management, you need three things:

1. A system
2. A stop loss (also known as an invalidation point)
3. A target

Let's go through each of these...

🧵/3
Read 27 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(