Ignas | DeFi Profile picture
Oct 5 2 tweets 1 min read Read on X
Crypto and traditional finance are merging quickly.

Companies like Gnosis Pay are entering TradFi, while PayPal and Revolut launch stablecoins.

Eventually, the two sectors will merge, offering us the best of both worlds.

I already see signs of it:

Using @gnosispay with @zealwallet and transferring EURe to banks via @monerium has been part of my daily routine.

Plus, you can also borrow EURe with crypto collateral on @aave.

It's my truly the first crypto use in real-world.

But I want more:

- Direct stablecoin acceptance (no fiat conversion)
- Under-collateralized loans
- Tokenized ETF investments (e.g., S&P500) as collateral

At the current pace of development, it will happen soon.

Bullish!
"But Ignas, why do I need this? I can sell crypto and use fiat."

The crypto card lets you borrow stablecoins by using crypto as collateral, avoiding taxes since loans aren't taxed.

While CeFi has offered this for years, Gnosis lets you keep self-custody of your crypto.

Enjoy TradFi benefits with crypto's self-custody.

• • •

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

Keep Current with Ignas | DeFi

Ignas | DeFi 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 @DefiIgnas

Oct 6
1/ $EIGEN trades outside the top 100 tokens.

In contrast, Chainlink's $LINK has a market cap 11x higher, and $TAO is worth 7 times more than $EIGEN.

Adjusted for FDV, both $LINK and $TAO trade at twice the $EIGEN FDV.

Even $TIA trades at 2x the MC of $EIGEN. Why? Image
2/ It's even more surprising as Eigenlayer has become the third-largest protocol by TVL at $10B, nearly matching AAVE's $11B.

Despite this, AAVE trades at 3.7 times the value of EIGEN.

Although, when you adjust for TVL, AAVE is actually twice as cheap as EIGEN. Image
3/ $EIGEN is trading lower despite having at least 2x great mindshare on X over the past 6 months compared to all the above mentioned tokens. Image
Read 12 tweets
Sep 25
1/ Want to grow and monetize your audience on X?

Sharing tips and insights from my personal journey to 100k followers:🧵
2/ I never planned to be an "influencer." It sounds so cheesy and cringey.

There’s a negative sentiment around influencers and the whole influencer economy.

Crypto is full of grifters who harm by shilling and dumping on their followers.
3/ I started out of boredom in the bear market of 2022.

Back then, I worked at a Korean CEX and the market had crashed.

No work, no excitement.

I started to prepare for a new bull run by researching, learning, and using Twitter for personal note taking in public.
Read 20 tweets
Sep 18
1/ Is BTC a risk-on or risk-off asset?

Blackrock hears this question more than any other.

Their latest research shows Bitcoin is indeed risky but not a "risk-on" asset.

Here's the breakdown: 🧵 Image
2/ BTC is undeniably risky, having been the worst-performing major asset in 7 out of the last 10 years.

Yet it not only recovered each time but also outperformed all major asset classes, achieving a crazy annualized return of over 100% over the past decade. Image
3/ Yet BTC isn't a "risk-on" asset.

BTC shows low long-term correlation with equities and other risk assets.

While short-term spikes in correlation occur, especially with shifts in U.S. dollar real interest rates or liquidity, these don't establish a lasting relationship. Image
Read 11 tweets
Sep 10
1/2 Why is USDC's supply decreasing?

USDC's total supply dropped from $55B to $35B.

Yet USDT's supply increased from $84B to $120B.

What's behind this shift?

Major structural changes are happening, and it's weird this isn't discussed more on X. Image
2/2 Possible explanation was offered by @nic__carter a year ago:

"US policymakers have successfully pushed investors out of onshore, regulated stables into offshore, unregulated stables."

If this is still true, a pro-crypto government in the US would be extremely bullish.
Random thought: I believe that the old CT would've closely covered and discussed stablecoin movements like this. And other structural changes in the market.

But currently CT feels distracted, discussing random and less relevant topics :(
Read 4 tweets
Aug 28
1/ What if governments decide to "ban" crypto?

After Durov's arrest for not stopping crime on Telegram, crypto could be a target in the future.

Sounds far fetched, but politicians already claim that crypto enables crime like terrorist funding & money laundering.

So, what if?
2/ Governments could try a 51% attack on BTC, as two pools control over 50% of its mining.

Mining pools lets combining computing power, share costs, and boost reward chances.

This results in consistent payouts, lower entry barriers, and shared financial risks. Image
3/ Chainalysis reported that Iran, Lazarus Group, and scammers use mining pools to launder money by mixing illegal funds with legitimate mining rewards.

It makes detection hard when funds are sent to CEXs.

Governments might attempt to censor these pools.
Read 19 tweets
Aug 23
1/ The current crypto bull run is mainly driven by external macro factors.

But exciting launches and catalysts are coming to boost the internal crypto machine.

Here are my top 15 to watch: 🧵
2/ Monad (Mainnet by end of 2024?): Do we need another alt-L1?

Will it end up as another low-float, high-FDV dumpfest?

Can Monad attract unique value adding, non-fork dApps?
3/ MegaETH (Mainnet by end of 2024?): Just another L2 or a real game changer bringing hype to the ETH+L2 modular scaling roadmap?

Can it truly hit 100k TPS and 1ms block times, or is it just a playbook from previous bull runs?
Read 17 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!

:(