Vanessa Harris Profile picture
Nov 19 โ€ข 11 tweets โ€ข 4 min read
The new xExchange and LKMEX 2.0 are almost upon us.

Lets break down 5๏ธโƒฃ strategies to consider before lkmex 1.0 is gone forever on ๐Ÿ“†Nov 24th.

We're got something for everyone, whether you're bullish, bearish or just a simple farmer.

Lets dig in ๐Ÿงต

#MultiversX #Elrond $EGLD
As you form your thesis on $LKMEX consider these factors

๐Ÿช Sell pressure from lkmex unlocking
๐Ÿ› ๏ธ Value of lkmex utility
๐Ÿช™ Thesis on Metabonding program - # coins, token value
๐Ÿ”Ÿ Value of Metabonding 2x-10x boost
๐Ÿ”‹ Value of energy APR boost
Also consider

๐Ÿ’ช Value of lkmex earning (swaps, energy removal fees)
๐Ÿ‘ฉ What do you value?
๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘งโ€๐Ÿ‘ฆ What will others value?

Lets get to the 5 different strategies you could use ๐Ÿ‘‡
๐Ÿปโ€โ„๏ธ Polar Bear - Strategy 1
You're not just bearish, you're polar bearish. One of the most dangerous bears. You see nowhere but down for lkmex price.

๐Ÿค Swap lkmex for EGLD (~50% haircut) on an exchange like @jexchangeP2P
Grab your EGLD and run!
๐Ÿป Brown Bear - Strategy 2
You're bearish, but comparatively a calm and cuddly bear. You believe price of mex will drop, but not more than 50%

๐Ÿ•œ Wait for your lkmex to unlock and swap for mex
๐Ÿ‚๐Ÿ”ฅ Bucking Bull - Strategy 3
It's off to the races and you believe lkmex is in for a nice run

๐Ÿค Swap EGLD for LKMEX on @jexchangeP2P
๐Ÿ”’ Lock for 4 years to maximize your energy
๐Ÿ”‹ Renew lock weekly
๐Ÿฅฑ๐Ÿ‚ Dexter Bull - Strategy 4
You believe lkmex will do well, but you're not quite ready to, ah hum, bet the farm

๐Ÿ”“ Lock for 2 years
๐Ÿชซ Let lkmex energy deplete and swap out as soon as you can
๐Ÿ‘ฉโ€๐ŸŒพ Farmer - Strategy 5
You want to get the maximum benefit from lkmex and energy for your yield farming

๐Ÿ”’ Lock for 4 years
โ™ป๏ธ Renew lock as long as youโ€™re farming
๐Ÿ’ฆ Use mex in liquidity pairs
๐Ÿ‘ผ Create new liquidity pairs with earned mex and metastaking rewards
So there you have it! 5 strategies to consider as lkmex upgrades to lkmex v2. But don't forget there is a deadline for forming your strategy!
After November 24th lkmex v1 will no longer be transferable, and you won't be able to buy or sell it.
If you'd like a fuller explanation than Twitter's 280 characters will allow I break it all down in just 30 minutes in my latest video. I'll share the strategy I've chosen and you'll hear other strategies from viewers

kavarii.com/play/HOTTAKES-โ€ฆ

#MultiversX #Elrond $EGLD $LKMEX $MEX
Thanks for making it this far, if you enjoyed this thread please give share it with your friends.

And comment below to let me know which strategy you're going to take for lkmex!

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More from @technologypoet

Nov 19
The team behind Cardano just announced a new privacy blockchain, Midnight.

๐Ÿคจ What is Midnight?
๐Ÿ› ๏ธ The problems it solves
๐Ÿ‘ค How it compares with Monero
๐Ÿšช Does it have a backdoor?
๐Ÿง Concerns
๐Ÿ”ฎ Promises

Lets dive in! ๐Ÿงต

#Cardano $ADA #Midnight $DUST Image
Midnight is a data protection-based blockchain that safeguards sensitive commercial and personal data, protecting the fundamental freedoms of association, commerce, and expression for developers, companies and individuals. Image
๐Ÿค Freedom of Association

Community rules (e.g. age limits or location limits) can be enforced without disclosing personal information. This allows rules based collaboration while preservice privacy Image
Read 14 tweets
Nov 18
LKMEX is getting a HUGE upgrade soon, with changes to:
๐Ÿ’ธ Supply and inflation
๐Ÿš€ Metabonding Rewards
๐Ÿ’ช Real Yield
๐Ÿ”‹ Energy
๐Ÿ›๏ธ Governance

Buckle up for are read all about the changes below and when you can use the new xExchange!
๐Ÿงต

#MultiversX #Elrond $EGLD Image
๐Ÿ’ธ Supply and Inflation
MEX will be 3x less inflationary!

The supply will be capped, with emissions decreasing yearly to zero in 8 years. There will be a governance vote in 5 years to decide whether to adjust the emission schedule
2๏ธโƒฃLKMEX 2

LKMEX will no longer be transferrable.
You'll be able to convert your LKMEX 1 to LKMEX 2 to

โœ… Earn 2x to 10x Metabonding rewards
โœ… Secure a guaranteed launchpad ticket
Read 9 tweets
Nov 17
I'd love to hear thoughts from @TeamKujira on this.
Closed source allows risks to hide and fester, even with the best intent.

I started my career working on Windows XP SP2 - The sea-change that brought more secure engineering practices to Microsoft. I've seen some scary things
Had a good chat w/ @TeamKujira about this. Was quite impressed at their willingness to talk through it, and it sounds like they have been open in interviews and other conversations in the past.

Given our conversation, I think they have made a reasonable tradeoff.
Currently in Cosmos the only projects that have been hacked are open source. Now, this doesn't necessarily mean closed source is more secure, but it does mean that open source is also, not necessarily, more secure either - at least in the short term.
Read 7 tweets
Mar 27
What do I enjoy doing on a Sunday afternoon?
Scheming of ways to break proof of stake with a 51% attack conducted by a nation state over a long period (decade) to accumulate through liquidity droughts combined with MAV based attack on a small number of key validators

1/
If a large portion of critical infrastructure is put onto that PoS chain by a nation or corporation, then the entity with patience and determination to mount an attack can conduct economic nuclear warfare.

2/
Now of course the trick is patience, picking the right chain to attack early enough, and avoiding pouring all your own assets into the endeavor which has 'mutually assured destruction' properties for the economic attack. As attackers coins will lose value too.

3/
Read 4 tweets
Mar 27
There is a contention among some on crypto Twitter that Cardano doesn't have a killer app, and the blockchain doesn't distinguish itself in a meaningful ways from newer and more sprightly competitors.

I'm going to share my perspective on what I believe makes Cardano special

1/
This claim was eloquently expressed by @Cephii1 in a recent Twitter spaces. It's worth listening to understand the perspective.

I would've stayed longer to discuss in the Space, but my yoga teacher was going to start class without me. (Priorities)

2/
The basic contention is that Bitcoin (Store of Value) and UST (payments, yield, stablecoin) are both 'killer apps' and have very strong product/market fit. As evidenced by their growth and adoption by multiple players in the industry.

3/
Read 25 tweets
Mar 18
$PRISM from @prism_protocol on $LUNA has one of the most well designed tokenomics of any DEX token I've seen so far.

What makes $PRISM so special, and why do I think it deserves to be considered among the best DEX tokens in defi token?

A short thread ๐Ÿงต

$LUNA #Terra

1/
$PRISM is the native token of the Prism protocol.
The protocol itself is a novel innovation that splits LUNA into yLUNA (yield) and pLUNA (principle), allowing you to trade and borrow against either principle or yield, with more interesting functionality still to come.

2/
$PRISM is also the pair used for every stake pool, so any swap between assets on Prism will at most require two swaps.

Elrond folks may remember when $MEX was promised to be in a similar position, before plans changed.

3/ Image
Read 8 tweets

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