@fraxfinance focused on being the best on-chain stable coin & currency issuer. They consider this the largest TAM in crypto
The infrastructure they develop is a means to that end - AMM, lending, ferry, etc
KPIs measured by spot demand of their stable coins
(min 2)
Apr 29, 2022 • 21 tweets • 9 min read
#astrowars is here. There is a ton of content out there, but saving you time with some curated resources that are helpful and my pov on how I see it evolving
🔹 overview
🔹 framework of evaluation
🔹 phases
🔹 positioning
🧵 time, let’s go 👇
/ overview
First, from @astroport_fi itself on the why it matters, players, considerations.
🔹 $LUNA bullish, $UST peg and demand 📈
🔹 $FXS bullish, $FRAX demand 📈
🔹 $BTRFLY bullish, $UST to farm $ASTRO
🔹 $CVX 👑 maker - ULTRA bullish because top DAOs mentioned have 5%, and not all $CRV votes.
An on-going list of 🧵 I’ve written on projects & narratives.
I didn’t expect followers so 🙏, figured I’d organize.
In crypto since 2013, and VC tech industry since 2008 as a 3x founder and investor. I write from that POV.
Give me a follow if you enjoy or want to connect 👇
/ $LUNA
A #LUNAtic since early 2021. @terra_money is my highest conviction bet on my thesis around growth and utility of stable coins in crypto. With $UST as it’s core product, it’s the perfect blend of GTM strategy, product, design, team, community, investors.
@CurveFinance is a stable swap AMM and one of its core products is 3pool which is a combo of USDT USDC DAI since the early days
Dec 15, 2021 • 9 tweets • 4 min read
Terra $LUNA is top 10 mcap and top 3 TVL without a premium incentivized DEX. That's about to change with @astroport_fi and a new rush of capital into the ecosystem.
1/ A quick 🧵 on $ASTRO with resources that I found useful to shortcut your research.
2/ $LUNA thesis
In my thesis, I pointed out $ASTRO, along with $MARS would be two of the catalysts for LUNA's next leg of growth.
➡️ LP w/ TKN only, no IL risk, no opportunity cost
➡️ Tokenomics is a liquidity sinkhole
➡️ Protocol Owns Liquidity over time
➡️ Most capital efficient
➡️ Addressable Market is at least 100x soon
➡️ Coming soon 11/29
What if there is an L1? ...
➡️ More deflationary than $ETH
➡️ Product is critical for DeFi to scale
➡️ Wins by collaborating with other L1s
➡️ Wins bigger with it's own L1
➡️ As demand grows, price scales exponentially 🌖
It is $LUNA and it’s product is - $UST
🧵/ let's dive in
/ Addressable Market
➡️ Stables are the most important product in crypto.
➡️ Over $100b mcap only - we are early
➡️ Centralized stables USDT ($73b) + USDC ($34b)
➡️ UST at $2.85b (~2.5%)
But if you believe TradFi moves to DeFi rails, there is no ceiling for stables demand
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