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Nick Drakon Profile picture
@NickDrakon
May 22 • 1 tweets • 1 min read • Read on X
IMO this is bigger news than the ETH EFT approval.

It signals a 180 change in attitude from the Biden administration and I think it means that regardless of who is in the WH common sense regulation for this industry will start to be debated vs the absolute clown show we have experienced over the last few years.Image

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More from @NickDrakon

Nick Drakon Profile picture
Jun 20, 2023
1/ People ask me all the time how I manage to make money consistently in both up and down markets.

Most people in crypto are long only, all the time, and that has been a disaster over the last 18 months.
2/ Explaining my process is a much longer conversation than we can have in a thread, however I am going to attempt to explain some of it with a specific example from the last few days.
3/ Unlike most people around here, I don't have a crystal ball or an ability to draw magic lines that predict what the price of $ETH or $BTC is going to do next week.

As a result, I don't take large directional bets on what the market will or won't do.
Read 16 tweets
Nick Drakon Profile picture
Jun 9, 2023
1/ I am excited to announce that over @ReveloIntel we have launched our "Analysts Insights' product and you can sample some reports for FREE.
2/ Our Notes & Breakdowns are ‘raw data’ in a sense, as they do not provide analysis or offer an opinion. We firmly believe that starting from a foundation of facts is imperative before embarking on the journey of analysis and opinion.
3/ From our discussions with our paying members, it is clear that there is a need to narrow the gap between the ‘raw data’ and actionable information.
Read 13 tweets
Nick Drakon Profile picture
May 23, 2023
1/ Relative valuations in crypto is an area where I see lots of people get into trouble.

Here is how I like to think about it...

Consider the following tokens and their marketcaps :

$XRP - 24bn
$ADA - 13bn
$DOGE - 10bn
2/ Most look at those numbers, and when comparing the market cap to their favourite L1, established infrastructure project or DEX doing billions in volume, they are perplexed to the point where it keeps them awake at night.
3/ How can this awesome piece of tech with lots of users, volume and fees be valued at a small fraction of a 'shitcoin' like $ADA or $DOGE?

The mistake here is the assumption that all of these tokens are part of the same asset class just because they are all 'crypto'.
Read 14 tweets
Nick Drakon Profile picture
Apr 18, 2022
Adding more risk to the Fantom portfolio this morning by :

-Buy $FTM
-Deposit on @SturdyFinance @GranaryFinance
- Borrow stable coins
- Buy $BEETS $LQDR $OATH $SPIRIT

I then go a step further and…
Convert $LQDR into cLQDR at discount and farm on @beethoven_x

I earn around close to 100% on the lot after combining the farming rewards with the auto compounding of cLQDR

Then….
Pair $OATH with some $BEETS and farm on @beethoven_x at 12% or so.

I view my bet here as I do a start up venture investment. The fact I can earn 12% while I wait is mine blowing.

Then….
Read 6 tweets
Nick Drakon Profile picture
Mar 19, 2022
A few nights ago on a call the
@beethoven_x team revealed the details around the upcoming locking of $BEETS

This is what you need to know...
The locking period will be 12 weeks and for the time being there will be no fNFT component.

Currently all fBEETS stakers get a share of 100% of the emissions, 30% of protocol fees and vote earning themselves bribes.

Under the locking system...
Lockers will share 50% of the emissions, 30% of the protocol fees and have the ability to participate in governance earning bribes.

Non Lockers will share 50% of the emissions, 0% of the protocol fees and not have a vote.

This means that ....
Read 5 tweets

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