Here's how I plan to make seven figures from the next SOL airdrops:
A ๐งต
Before I was 0xnouveau, I used to be nouveau.sol - but bridged over to EMVs to extract governance rights from there
But I'm now in consensus with @wronguser000 and @CC2Ventures that the asymmetric returns lie on SOL, and hence believe it's time to rebalance my farms accordingly
It's time for us to all make it together
No more staying poor, none of that bullshit - below, I've compiled a list of the most undervalued airdrops which I think everyone should be taking out loans to farm
For obvious reasons I won't be mentioning the already overfarmed ones
Before I get started proper, let me quickly comment on the @jito_sol criteria
Clearly the S in Solana stands for Sybil, and so I will highly recommend that everyone spin up dozens or hundreds of wallets instead of just whaling on a few
Next, MayanSwap is built on top of Wormhole, so by using it you're positioning yourself for both $MAYAN and $WORM
Two airdrops with one bridge, if you will
Now that you've bridged into Solana, let's get started with @JupiterExchange
Everyone's abuzz about 200M worth of value being dropped in the first round, but almost NOBODY is mentioning how there's still 200M more of $JUP for us to capture - right here, right now
How do I speculate that Round 2 will be distributed?
A 70/30 split between perps traders and JLP providers sounds reasonable to me
Open a position on @JupiterExchange, and then an opposite one on @cubexch - they're also a well capitalized tokenless perps platform
Synergy ๐ซ
Next, let's look at @tensor_hq
I know Tensor has been shilled by many accounts, but the data shows that it is still HEAVILY underfarmed
A minimal investment of less than 100SOL will easily get you into the TOP 500 traders
Are you really going to fade this cycle's Blur, anon?
Will be heavily winding down my EVM farms in favor of Tensor over the next few weeks, believe that we should still have several months until $TNSR
@Notfgod is currently working on a custom solution to make it easier to farm Tensor, recommend giving him a follow to remain updated
A...aand we've covered five airdrops for today!
Would of course recommend engaging with @marginfi and the other leaders, but I believe that these particular protocols which I shared are severely underfarmed right now wrt to their valuations
Asymmetric value extraction ๐ค
If you managed to glean any value from my thread, would appreciate a follow and retweet!
Helps me compose more of these type of posts (might even go pick up Flipside querying too so I can become a Solana dashboard threadooor)
It's been a while since I last posted, but given how it's the end of the month since the bull market resumed proper, I thought it was a fitting time to drop something โ especially for those of you who are either sidelined, or feel like you're severely underperforming
To provide full transparency, the reason why I haven't been posting much these days stems from me taking a heavy directional position into the Yen carry unwind earlier in August, which led me to wiping out over half of my port in a single week
From a peak of 1M in July, I was down to ~450k โ 100k of which I off-ramped into fiat to make sure I couldn't lose it all
As a consequence of taking such a huge drawdown, I proceeded to chop myself up from August till October, until I was left with only 250k of liquid while everyone seemed to be getting rich around me
It truly seemed over for me, but I decided that I might as well see this through to the bitter end
So for the month of November, I eliminated every other distraction from my life and fully locked in, spending ~18 hours behind the monitors per day
And what this month has demonstrated is that no matter all the losses, roundtrips and fumbles you've committed over the course of the year till now โ you truly just need to be in that flow state for a single month, a single week, a single day, and the universe itself will conspire in helping you achieve your goals
I've decided to finally write a thread on this because airdrops are probably one of the most misunderstood sectors in the space, yet filled with the most disinformation (tons of low quality spam, deceptive/made-up ROI, nonstop "alfa" threads)
1/ To just quickly summarize the reasons why airdrops are a thing:
- It serves as the most effective marketing tool out there to woo in TVL and users
- It's a way for founders to cash out their unregistered securities by supposedly "decentralizing" it across their community
2/ Examining the relationship between projects and users
First off, nearly every project out there is vaporware, undeserving of the valuations they trade at (a real shocker, I know)
In order to combat this reality, projects need to boost their metrics through whatever means
The inspiration for this thread actually originated over a lunch conversation with @TyrogueD (an excellent follow btw) where he was telling me how trading crypto was more akin to playing a highly competitive MMORPG as anything else
Upon deeper analysis, I realized that this was actually the perfect analogy as well as mental framework you should be approaching this market with
So far, we've had the "Diamond Hands Framework" which worked out well for a minuscule minority, but left most bagholding alts -99%
We also had the "P/E Framework" and "Europooor level to level Framework" which worked out great during the bear, but are extremely inferior strategies in a bull
Hence there's a need for an alternative, superior paradigm: MMORPG
How to easily make four to five figures as a shrimp (i.e low 3 figure port)
As someone who follows many top traders, I'm all too aware of my own mediocrities, but one thing I am fairly proficient at is running up dust to something, hence I hope I can value add here โฝ^โขโฉโข^โผ
Needless to say, when you're at such a portfolio value, you should NOT be caring about the majors, macro or anything of that sort at all - they are completely irrelevant to you (it literally only counts if you have a high 6 fig port or higher)
Without further ado, let's proceed:
Free airdrops:
Don't really think I need to elaborate too much on those, you could have literally made 6 figs from Arkham earlier this year just with a simple script and some email accounts (total cost would have been less than 100 bucks)
Here's a quick step-by-step thread on how I did it, and some insights that I think could be useful to take away (especially for the low liquid folks out there)
Before I start proper, two quick disclaimers:
Firstly, if you think this is going to be one of those 1000x gem posts, then you're sorely mistaken
While they are admirable, they provide fairly little in terms of actionable alpha, hence I wanted to push out something different
As you can see below, I sold my $WIF for a sum of about $500 instead of 1M, with many other similar fumbles to come after
My bankroll was ran up purely through compounding the profits of thousands of trades, over and over again
Recently I've been getting a lot of questions from my mainnet friends on how to get into the SOL shitcoin scene, and more importantly, what tools/trading methodologies they should adopt
In the view of getting more on-chain (exit) liquidity onto SOL, here's the all-in-one guide you'll need to master trading SOL shitters like a pro (or a mentally ill retard)
First, getting onto SOL from any EVM chain is fairly uncomplicated - just visit and you should be able to get your funds across in just a few minutes app.debridge.finance