building @elfa_ai | average musical chairs enjoyer
Jun 16, 2022 • 10 tweets • 10 min read
Caught the latest @theBlockcrunch podcast with @mrjasonchoi@gametheorizing on How to Survive the Bear Market (as a Trader), tho even if you aren't, I still think there are gems in this episode for you 👀
Key takeaways below 👇
@theBlockcrunch@mrjasonchoi@gametheorizing 1/ Where are we in the crypto cycle:
- Likely the start of multi-month bear
- Cycles are faster than earlier (2008 vs 2020), due to quicker govt intervention
- Expecting a reversal in Fed direction in Q1 2023 to more dovish
- Creative taxation in future to continue stimmies
Utility for #NFTs have always been something of a meme. Generally, it ends up being some form of staking and earning a spankin' new $TOKEN that eventually ends up worthless.
But is that really all to it?
Some NFTs on suggest otherwise…
🧵👇🏻 2/ In this thread, I will look at some interesting utility in NFTs, especially with the integration of NFTs into specific protocols.
The examples covered will be #Solana NFTs since well, I mainly dabble in Solana NFTs but also because I just am more familiar with them kek
#NFTs are naturally illiquid products and investors who hold valuable NFTs generally are faced with 2 main concerns:
-Sudden drops in value
-Unlocking NFT value without selling it
What if I told you Putty could actually do both? 2/ What IS Putty anyways?
In one line, Putty allows users to buy and sell custom put options contracts on NFTs (and ERC-20s too, but the focus is mainly on NFTs).
With the recent NFT boom, there has been an influx of players in crypto sitting on a pile of super valuable jpegs.
Valuable jpegs doing nothing.
And there's nothing Defi hates more than capital inefficiency.
Enter #NFT x #Defi. 2/ NFT x Defi protocols seek to bridge the gap between NFTs and Defi. One of these features that many protocols have been building towards is NFT lending.
But, the main hurdle that most protocols face when trying to build NFT lending is:
For all you visual folks (and smooth brains like me) out there, I gotchu fam.
💎 Presenting: Atlantic Options Visual Edition 💎
2/ For purpose of all discussion, we will be observing puts only. Calls can be seen as the inverse of this illustration.
Some basic understanding of how the #SSOV vaults at Dopex and options in general is required to understand this illustration.
Jan 25, 2022 • 11 tweets • 7 min read
1/ $ATOM has become the central talking point again as the top performer in the last 24 hours among the top 100 by a strong margin.
But what are $ATOM buyers so excited about and what does the #Cosmos hold for us in 2022?
Let’s look at some incoming catalysts 👇 2/ Gravity Bridge
Gravity Bridge is a neutral bridge between the #Cosmos and $ETH. This allows bridging of Cosmos assets to $ETH as ERC-20 tokens and ERC-20 tokens into the Cosmos eco, such as $USDC, $DAI and of course $ETH.
This unlocks $ETH liquidity into the Cosmos eco and
Jan 23, 2022 • 6 tweets • 2 min read
Don't get me wrong, I'm pretty ecstatic about the ridiculous TVL jump $FTM has seen since Andre announced this snapshot for @solidswap.
(I mean 50% increase in TVL in 1 day??? Even in crypto, that's wild)
But, this feels, wrong.
With the snapshot fast approaching, look at the protocols which aren't gonna make it.
Anyone whose been in $FTM before this year, would have known of @LiquidDriver $LQDR and @TarotFinance $TAROT. But here they are (likely to be) excluded from one of the biggest projects in $FTM.
Dec 22, 2021 • 22 tweets • 9 min read
1/ The L1 everyone faded: a thread 🧵
2021 has been a good year for L1s. Most L1s outperformed ETH with ease.
But amidst all of the crazy returns, there is 1 that has been (relatively) overlooked imo. That is, #Fantom $FTM.
2/ What is $FTM
Everyone is familiar with the blockchain trilemma, being:
-Scalability
-Security
-Decentralisation
Every blockchain tries to fix these issues but most end up with trade-offs. $SOL faces centralization issues while $ETH faces scalability issues.