fish 🐟 Profile picture
Oct 23, 2022 7 tweets 2 min read Read on X
Rich Peon Poor Peon was a new test for us.

It was our first NFT project that had no semblance of JOE and served as the litmus test of whether we had any business building NFT projects.

Here are 5️⃣ things I learned that I hope other NFT projects may find useful 🧵
1. Keep the messaging short and simple

Engagement is how you spread awareness so it's paramount that your messaging is short and simple. It doesn't matter if you're English, French or Frog - smash rock and PGMI are simple enough for anyone to understand and repeat over again.
2. Be culturally relevant

We tend to gravitate towards things we can relate to. We figured that most people in crypto read business books abundantly so we aptly named the collection after the most famous business book of all time. Be memetic.
3. Make it easy for people to share content

The Peons discord has a channel called #retweet-a-peon. Peons know they can share their tweets in there and it will be RT'd by hundreds of other peons. They get engagement, we get awareness. It's a wonderful feedback loop.
4. Get people to post real life photos with your pfp

Real photos, even with a pfp covering the face, are an extremely powerful form of social proofing and the best form of content there is. So do everything you can to get people to post these types of content.
5. Get people to post content

Which brings me to my final point. The call to action is the most important step in the marketing funnel yet so many people disregard this step. So get in discord and actually tell your community to post content!
Note that all these pointers are ridiculously simple and can be implemented by anyone. NFT projects are mostly about a coordination problem than a technical/engineering problem, so don't overcomplicate things!

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More from @cryptofishx

Jun 4, 2023
1/

How to win at Autopools

APs help you solve market making but still requires active allocation

Meaning, the choice of when to deposit and what ratio of assets to deposit matters twitter.com/i/web/status/1…
2/

Take AVAX/USDC for example

Let's say you think this is the local bottom for AVAX and you expect price to increase

If you think AVAX will increase a lot quickly, then it's best to just hold AVAX in your wallet
3/

If you think AVAX will increase slowly then deposit more USDC, some of which will be swapped to AVAX and thus increasing your long exposure

Then when AVAX tops, withdraw and sell your AVAX
Read 5 tweets
May 28, 2023
1/

$JIMBO V2 was exploited for $8M

Effectively, the exploit works by:
• Buying JIMBO low
• Selling JIMBO high

Below I explain how and possible mitigations

// THREAD //
2/

Attacker flash loaned $10M of ETH from AAVE

Added some JIMBO at a very high price 896 bins above the last JIMBO bin

Then used the ETH to buy up the entire liquidity of JIMBO + 1 so price of JIMBO spiked up to the very high price bin
3/

Once a rebalance was triggered, 10% of ETH was positioned into 5 "anchor" bins below the active price which is now astronomically high

Then JIMBO was sold to deplete the anchor bins and bring price back down again
Read 8 tweets
Apr 5, 2023
When you start off as a forked project, it can be intimidating to even think you're capable of innovating something new.

The key is baby steps. Each little small progressive step builds your confidence until you can finally tackle something big.

A little timeline...
• July 21: Fork UniV2 and launch TJ. Just me, a Solidity noob, and @0xmurloc who likes to pretend he's good at frontend.

• Oct 21: Fork CREAM and launch Banker Joe. Lots of sleepless nights and 6 fig bug bounties paid to keep it secure. We get a srs lesson in security.
• Jan 22: Rocket Joe is launched. First ever product we take from whitepaper to code. Making progress.

• May 22: Joepegs is launched. First time we have a dedicated backend team for our indexer. Dev team starting to really level up.
Read 6 tweets
Mar 29, 2023
1/

The Plan TLDR:

• Incubator with industry elite experts
• Liquidity to acquire grails for sub-daos

I'm bullish the Avaissance because it solves BOTH supply and demand.

Read on👇
2/

I expect things to start off slow and ramp up in the weeks to come as folks figure things out

Clearly the flywheel here is:

• Create dope collection
• Start sub-daos
• Sub-daos compete to acquire grails
• When grails are in demand, floors will naturally be in demand too
3/

They could've done the easy thing and thrown incentives at some blue chips.

Instead, they're focusing on building culture which shows they're playing the long game.

At the end of the day, NFTs are nothing without creators and centering it around them is a wise decision.
Read 4 tweets
Mar 17, 2023
Decided to give myself a little challenge and become a smart contract auditor in 3 months

Gonna start with some learning, then participate in some competitions

So if i start posting a lot of solidity and security content, you know why

Let's get it 🫡
Slot 1 on Ethereum 101 complete ✅
Slot 2 on Solidity 101 complete ✅
Read 8 tweets
Feb 2, 2023
1/

Been mulling over whether IL is a good metric for LPs

Cos by LPing you become a willing buyer/seller. It’s great if you want to start DCA’ing in/out of your position

So comparing it vs hodling isn’t really the right comparison here

Let me explain 🧵
2/

Say you LP AVAX/USDC

It’s now $20 and you think we’re near local top so you want to start selling your position

You can do this by LPing on LB
3/

There’s 3 scenarios:

1) AVAX moons - you sell your $AVAX as price pumped

2) AVAX ranges - you accrue lots of fees

3) AVAX dumps - you end up buying more $AVAX
Read 7 tweets

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