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Jan 3 • 21 tweets • 10 min read
A month ago I published a list of top Arbitrum builders with the potential to outperform the market.

Time to review my portfolio of:
$DPX, $PLS, $VSTA, $SPA, $JONES and $UMAMI

I share:
- Current performance
- Upcoming catalysts
- Some alpha leaks

Enjoy! 🧵👇 Image
Reminder why I chose the above 6 projects to my Arbitrum portfolio:

Portfolio Summary

Performance (USD): +4.11%
Performance (ETH): +9.85%

Outperforming ETH is my target. So far so good.

Current allocations and individual performance on the screenshot. ImageImage
For each token from my portfolio I will share:

- Price change from portfolio inception
- Allocation change (if I add to or reduce a position)
- Thesis behind this investment
- Upcoming catalysts

Let's go one by one!
$DPX

Price: +0%
Allocation: +10pp (doubled)

Thesis:
- Dopex Team are chads and they ship innovative products.
- Option market is gigantic in TradFi so it may be big in crypto too (?)

I doubled my position on #OpFi (DeFi powered by options) news:
medium.com/@tztokchad/opt…
$DPX Catalysts

- Potential @orbitaldex airdrop for DPX holders - dex being built in collabortion with @PlutusDAO_io

- #OpFi teased by @tztokchad - products users want to use with options complexity abstracted away

- Why it's big for DPX:
$PLS

Price: +32%
Allocation: no change

Thesis:
Plutus controls a lot of governance power of $DPX, $JONES and $SPA and the market may still underestimate its potential.
$PLS Catalysts

- Tokenomics 2.0 coming:
medium.com/@plutusdao.io/…

- Potential @orbitaldex airdrop for PLS holders - dex being built in collabortion with @dopex_io

- Great overview of the project with many detailed stats:
$VSTA

Price: +3%
Allocation: no change

Thesis:
- Thanks to many partnerships with other protocols $VST will become a key stablecoin on Arbitrum.
- $VSTA will get more utility beyond governance with clear value accrual.
$VSTA Catalysts

- New use cases teased for VSTA (not only governance token?)

- Second iteration of the protocol in the works:


- Real Yield for staking VST in Vesta Safety Vault (design phase):
$UMAMI

Price: +18%
Allocation: no change

Thesis:
- No token emissions + good team + good product (delta neutral vaults + institutional ETH staking)

- I could also say that @crypto_condom is bullish and that's a good enough reason 😀
$UMAMI Catalyts

- V2 vaults have been heavily backtested and are coming soon

- Umami's special legal strucure makes it suitable for institutional investors

- @ArbiAlpha explains in details why institutions will use Umami products:
Image
$JONES

Price: -1%
Allocation: no change

Thesis:
@DAOJonesOptions is still valued like a small protocol built for Dopex options while it's tranforming into a yield conglomerate with a comprehensive suite of products.

$JONES Catalysts

- Metavaults have proved to outperform naked LPing for $DPX and $rDPX (backtesting results):


- jUSDC and jGLP coming in Q1'23:
$SPA

Price: -20%
Allocation: no change

Thesis:
Potential flywheel caused by projects wanting to pair their tokens with USDs for SPA emissions.

Concerns:
USDs supply hasn't been growing lately but I'm still observing.

$SPA Catalysts

- Partnership with @rage_trade:
snapshot.org/#/speraxdao.et…

- Roadmap for 2023 coming with plans how to grow USDs
You can track or copy my portfolio on Nested app:
app.nested.fi/explorer/arbi:…

If you copy it, you will be notified on any future changes.
I used @NestedFi to build my portfolio so you can easily track all the modifications I make in the future.

Nested is super user-friendly so even your grandma can create a portfolio while still maintaining self-custody over her funds.

What other Arbitrum projects should I consider to add to this portfolio? Write in comments, please!

Follow me @korpi87 for more.

Like/Retweet the first tweet below if you liked this thread:
Disclaimers:

Nested charges fees: 0.3% on each operation and 0.8% on withdrawals: docs.nested.fi/general-inform…

I have an ongoing partnership with Nested because I like this product and I believe it can boost crypto adoption.

The content and opinions are mine.
You can read the unrolled version of this thread here: typefully.com/korpi87/SY3Hj65

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More from @korpi87

korpi Profile picture
Jan 1
It's been a pretty boring time pricewise...
Calm before the storm?

Crypto Volatility Index (CVI) is almost at ATL.

If you believe some volatility is coming very soon, you can make money on it.

And you don't have to predict if prices will go up or down!

See how: 🧵👇
What is Crypto Volatility Index?

CVI is a VIX for crypto - an index that tracks volatility.

It was created by the COTI team @COTInetwork in partnership with Prof. Dan Galai, the creator of the original VIX.

The purpose was to build a “market fear index” for crypto.
CVI ranges between 0 and 200.

0-85 ≈ Low volatility
85-105 ≈ Medium volatility
105-200 ≈ High volatility

We are at 56 now - the level not seen for 2 years.
Read 12 tweets
korpi Profile picture
Dec 16, 2022
A crypto bear market may be long and brutal.

Here are 5 tips how to stay sane and keep yourself entertained:
➡️ Set Limits on Screen Time

Take breaks from constantly checking the market and set limits on your screen time.

It's important to have a healthy balance and not let the market consume all of your time and energy.
➡️ Practice Self-Care

Engage in activities that help you relax and de-stress, such as exercise, meditation, or mindfulness practices.

These can help you stay centered and grounded during times of uncertainty.
Read 8 tweets
korpi Profile picture
Dec 12, 2022
You don't have to be a genius to make 100x in crypto.
Sometimes being early is all it takes.

I analysed new Arbitrum projects and chose 10 that look the most promising.

They don't have a token so it's still early (airdrop?) 🪂

Free alpha for each project!

🧵👇 Image
@rage_trade

Rage Trade is building two products:

1. ETH Perp
Super liquid ETH per with 10x leverage powered by liquidity re-used from other chains / protocols.

2. Delta Neutral Vaults
Vaults that turn $GLP into a stablecoin farm by hedging price risks.

Rage Trade Alpha:

🪂 Airdrop for early users of the protocol.

⏰ Delta Neutral Vaults go live today ($10M TVL cap).

🛡️ $5M worth of smart contract exploit insurance.

Read 25 tweets
korpi Profile picture
Dec 5, 2022
Investing in great builders in 2019 (e.g. $AAVE, $SNX) were "simple" 100-1000x.

I analysed top Arbitrum projects searching for builders willing to ship through the bear market and found 6 promising ones.

Check why I believe they have potential to outperform the market.

🧵👇 Image
When you buy a token, you invest in a team.

A good team builds products people want to use.

A good team knows they must provide value to the token or they will lose their community.

A good team can change bad tokenomics if necessary.

A good team is often all you need. Image
I had the above in mind while searching for promising Arbitrum projects.

I chose: $DPX, $JONES, $PLS, $SPA, $UMAMI, $VSTA.

It doesn't mean other teams / projects are not good.

But I liked these ones the most.

Let's check them out one by one!
Read 22 tweets
korpi Profile picture
Nov 21, 2022
What is needed for a bull market to resume?

When macro eventually switches from headwind to tailwind, how can crypto attract new adopters?

Current user experience in crypto sucks.
We need a killer app: web2 simplicity + web3 ownership.

I believe I have found one...

🧵👇
Most new users come to crypto because someone shilled them next $BTC, $ETH or $DOGE that is going to make them hilariously rich.

Some of them will go down the rabbit hole and stay for longer.

To turn tourists into settlers, the onboarding process must be easy.

Is it easy now?
Main issues a new user faces:

1⃣ How to buy?
CEX is quite easy. But what about DEXes / multiple chains?

2⃣ How to hold?
CEX is convenient but risky. Self-custody? Sounds terrifying.

3⃣ How to manage my portfolio?
What else to buy? When to sell? How to split my capital?
Read 18 tweets
korpi Profile picture
Oct 30, 2022
Everyone is farming airdrops now but many will get NOTHING.

Why?

Because projects constantly improve their methods to exclude sybil farmers.

5⃣ simple steps how to increase your chances for ALL future airdrops: Image
1⃣ Donate to Gitcoin Grants

By donating you become a good actor who cares about the crypto space.

You also help fund public goods.

1. Go to gitcoin.co/grants/
2. Add to cart grants you like
3. Donate

Tip:
Use zkSync Checkout (zkSync airdrop rumours).
2⃣ Participate in DAO governance

If you hold DAO tokens, vote on proposals.
It shows you are an active and engaged user.

1. Go to snapshot.org
2. Find your project
3. Vote on active proposals

Tip:
Set up notifications using @HAL_Team to not miss any proposals.
Read 10 tweets

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