Is $PLS undervalued or overvalued?

If you were to buy 1 $PLS for ~$0.35, you would gain ~$0.40 in exposure to $DPX, $JONES, $SPA, and $GMX. The discount on this is approximately ~12%. However, $PLS has a low circulating supply. If we measure by FDV, you’re paying a premium of ~371% to gain exposure to $DPX, $JONES, $SPA, and $GMX.

What’s the right way to evaluate this?

DeFi really isn’t “De”Fi.

It’s time to talk about an existential threat to DeFi’s existence.

Thread on the proliferation of centralized stablecoins within DeFi and the risks associated with it 🧵👇 One of the biggest trends over the past 2 years have been the explosion of stablecoins in crypto.

As of this tweet, the stablecoin MCAP is over $155B.

The main use case which led to this large increase was decentralized finance, or DeFi for short.

Lately, there’s been a lot of talk about $FPI & $FPIS.

If you’ve been wondering what they’re about, I got you covered.

Here’s a thread going over:

-What they are
-How they work
-And what it means for you

🧵👇 Just recently, @fraxfinance released a new product called $FPI.

$FPI is a stablecoin-of-sorts which aims to be resistant to inflation.

By tracking the Consumer Price Index, $FPI preserves your purchasing power.

“Man, I love X protocol! I’m gonna go buy X’s token!”

*Record scratch* *Freeze frame*

Yup, that was me back when I first started really getting into crypto.

Little did I know the mistake I was making…

Thread on valueless governance tokens and how to avoid them
🧵👇 Valuable protocol =/= Valuable governance token.

This is one of the most important lessons every new DeFi investor must learn.

While the premise itself is simple enough, it is much harder in practice to identify if a governance token is valuable or not.

The talk of the town lately has been @anchor_protocol and it’s 19.5% $UST deposit rate.

There’s been a lot of confusion and misinformation going around Twitter about it, so let’s set the record straight.

Thread time 🧵👇 If you’re unsure of what @anchor_protocol is, here’s a brief explanation of it. At its core, @anchor_protocol is a lending & borrowing service for the #Terra ecosystem.

Lenders deposit $UST.

Borrowers post collateral, borrow the deposited $UST, and pay an interest rate.

If you’ve been invested in $SOLID, you’ve probably taken a decent hit over the past couple days.

Many have given up on the project and have all but abandoned their investments.

However, at these prices, I still think there is a bull case to be made.

Thread time 🧵👇 Let’s take a look at pricing and market cap valuations. As of today, the market cap of $SOLID is ~$45M. Is this high? Is it low? Let’s see if we can try to figure that out.

New to this account?

Here is a master thread of all past articles, threads, and other content I’ve put out!

Will be updating this continuously as I put out more content!

🧵👇 The first post I put out that gained some real attraction was this forecast and analysis I did on $LUNA using $UST metrics.

At time of writing, $LUNA was at $17B MC. Now? $33B MC.

My call was for $53.5B by Q4 of 2022, so definitely still possible!

https://twitter.com/avgjoescrypto/status/1461741592860049420

By amassing over $2.2B in TVL and rising to a market cap of ~$900m, @solidlyexchange has cemented itself as the latest narrative to dominate CT.

However, some are speculating if $SOLID is overvalued at these levels.

Whether or not it is, I think $SEX has great value here🧵👇 First off, what even is $SEX? No, it’s not a meme token. It’s the native token of the vitally important @SolidexFantom protocol.

$SEX is to $SOLID like $CVX is to $CRV.

Essentially, @SolidexFantom is the @ConvexFinance layer of @solidlyexchange

It wasn’t too long ago I had 7 followers and had no way of getting my content out there. Many have helped me get to where I am now, and I want to return the favor.

From now on, every Sunday, I will be highlighting a smaller account who writes and puts out great content.🧵👇 Now obviously, I don’t have the biggest account out there, but hopefully by encouraging my followers to check out and follow these smaller accounts, we can kickstart a snowball effect that gets these under appreciated accounts the recognition they deserve!

Been seeing a lot talk on Twitter lately about $LUNA and $UST being a Ponzi scheme.

I want to take the time to try and dissect why this has become a popular talking point and try to quell the FUD.

Here’s a thread examining why $LUNA and $UST should not be considered a ponzi 🧵 First off, what even is a Ponzi scheme?

In the traditional sense, a ponzi scheme is a scheme where money from new investors is used to pay off earlier investors. None of the money is used to create value, it’s just moving hands.

Bernie Madoff is the perfect example.