ALΞX Profile picture
Nov 28, 2022 8 tweets 7 min read Read on X
🧵 5 #DeFi projects I like long-term.

Many projects are down 80-90%, but the good ones are still building.

And we have a clear censorship resistant, self-custody DeFi and #RealYield narrative.

Now is the time to #DYOR so plebs can call you "lucky" next bull run. 1/8
My thesis: the next iteration of #DeFi will be driven by:

- #ETH #Layer2 scaling = speed/cost
- #DEX = self-custody/censorship resistant
- Deep (P2P) liquidity = scalability
- Asset management = innovation/adoption
- Real revenue = sustainability 2/8
1️⃣ @X7_Finance #X7R

Fully decentralized, censorship resistant #DEX and lending (initial liquidity loans)

Full #DeFi ecosystem built around a #Uniswap alternative with potential for multiple #RealYield revenue streams.

Thread 👇

3/8
2️⃣ @gigaswapfinance $GIGA

Cross-chain OTC (P2P) swap platform for any asset with low fees and no taxes.

Removes need for third party, builds bigger (P2P) liquidity pools, reduces cost, and fully decentralized/censorship-resistant.

Thread 👇

4/8
3️⃣ @DeusDao $DEUS

Builds deep P2P liquidity by enabling bilateral OTC trades between a user and a counter-party.

Replicating TradFi models for scaling liquidity and bringing it on-chain!

Thread 👇

5/8
4️⃣ @yieldification $YDF

Wide ranging #RealYield #DeFi platform but of most interest to me is the fully functioning perps #DEX with fees feeding back to stakers.

Infographics 👇

6/8
5️⃣ @FactorDAO $FCTR

Biased pick as working on this one. On-chain asset management platform. No code, any asset, any strategy.

Asset managers create vaults + receive fees. Investors deposit into vaults + receive yield.

Thread 👇

7/8
These projects are all under $15m marketcap (most substantially so). Many down big from ATH (could go lower).

I'm placing bets on projects that can easily print big multiples AND have a meaningful impact on #DeFi scalability and adoption.

My research, #DYOR and #NFA! 8/8

• • •

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

Keep Current with ALΞX

ALΞX 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 @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

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!

:(