🚨 There is a hidden war on Solana between big players.

Users have no clue, but the consequence of that are endless failed transactions!

There is only so much space available and the ones with the bigger guns win.

Here's what they don't tell you. A thread (1/10). 🧵 2/ Big players on Solana are at war. How?

They DDOS each other for block space priority.

The victims of this war are Solana users. You can't get your transaction confirmed because big players take up all that space for themselves to come on top.

Here's how they wage war. 👇

🧵 Issuing $100 mil DAI to farm USDe is one thing, issuing billions is asking to get hurt.

Why does MakerDAO plan to risk it and mint $1 bil DAI to farm Ethena yields?

Can DAI depeg when USDe inevitably falls under $1?

A bold move or something else? A thread (1/20). 👇 2/ This post was inspired by AAVE Chan founder @lemiscate who raised the alarm.

TLRD: He's right. MakerDAO actions are reckless and fueled by greed.

But if you take a closer look at the risks for DAI, a new image emerges. 👇

https://x.com/DU09BTC/status/1775042478518788565?s=20

1/ What Ethena has built is impressive & hard. A short 🧵

The reason every big name is on board is the opportunity for profits.

For every perpetual long in crypto, Ethena will be the counterparty farming the ETH funding rates you pay.

A day after launch, USDe TVL is $300 mil 2/ Ethena is impressive due to its scale, complexities required and parties involved, but also benefits.

USDe is a synthetic stable 100% backed by a delta neutral ETH position farming yields:

50% stETH (spot), 3-6% APY
50% ETH short position, funding rates <30% APY

Nice eh?

🚨 Are Liquid Staking Tokens (LST) creating a ponzi?

▫️ I stake ETH and get stETH
▫️ I re-stake stETH and get lpETH
▫️ I re-stake lpETH and get xxETH
▫️ ...infinity...

stETH lost its peg vs ETH in the past!

This will turn into a giant crash one day.

You cannot create more value from NOTHING!

Restacking and LST tokens start to sound like ponzinomics to me.

Every cycle of re-stacking is just MORE LEVERAGE on the original asset, i.e. Ethereum!

When the peg WILL be lost, it will be BRUTAL.

Plan for it if you use LST. 100%!

🧵 The best trader in the world is Jim Simons.

Average yearly return of 66% for 30 years. His Medallion Fund is open only to his staff.

His secret? Mechanical trading using computers and gazillions of data to predict the future.

He lived in 2023 back in 1988. But there's more! 2/ To join him you need a degree in computer science, mathematics, physics or statistics.

Out of 300 employees, 100 have a PhD in the above. If you're a Wall Street trader you wont be hired.

In the beginning, he failed as a trader using traditional methods.

I've been researching @THORChain

They say you can take loans at:

🔸 0% interest
🔸 no liquidations
🔸 no expiry

What? Here are my findings. A thread. 🧵

(01/16) #RUNE 2/ I became intrigued by RUNE pumping after they launched their new lending mechanism.

If their loan terms don't surprise you, then this may:

🔸 They don't even want you to pay back your loan

What's going on here? Red flag or a smart design?

1/ The bull market is coming. A thread 🧵

The time to plan is now. Follow this guide to build your portfolio and action plan.

Includes asymmetric bets you can’t miss!

✅ Tip 1: Execute your exit when FOMO starts.

More tips at the end of this thread. 2/ The bear market is over.

This means you need to start planning for the next bull run. Some call for ATH this year. Bold.

Use this time in between to position yourself!

It’s irrelevant when the new ATH comes.

What matters is…

A quick trading guide for beginners. 👇

Learn the basics, practice, then master the market.

Remember, the market is always right.

A thread. 🧵 1/ Understand risk/reward or R-Multiple

Always aim for R3 or above.

This way your win rate can be under 30% and you're still profitable!

Risk $1 or to win $3. Avoid anything under R2.

How to find the R? Measure your stop loss vs your profit target.

Recovery rate next. 👇

#Bitcoin is your retirement. 👇

Here's your guide to retire early and live stress free.

🧵 A thread. 1/ Some basic principles first:

1️⃣ #FIRE = Financial Independence / Retire Early

2️⃣ #FatFIRE = over $150k/year in income

3️⃣ The 4% rule = how much you can withdraw without running out of cash during retirement

But that's TradFI talk & we can do better. 🔥

Hello #Bitcoin 👇

Are you ready? #LQTY @LiquityProtocol #LUSD @LiquityProtocol It's game time!

Here are my top 10 trading hacks to master the market.

Are you ready? Let's dive in.

A thread. 🧵 1️⃣ @coincodex

This is like @CoinMarketCap but much more.

In the overview of every coin you will find:

✅ Highlights & risks summary
✅ Performance matrix
✅ Quarterly returns
✅ Historical levels vs today
✅ ROI + much more

This is how you speed run your research! 👇

The next crypto narrative is not AI, it’s #NFTs on the #Bitcoin blockchain!

ordinals.com

Concerned what will happen to BTC once rewards end? This is your answer.

#BTC miners will be paid to store and move sexy & immutable data on BTC! 😲

open.substack.com/pub/pourteaux/… Hell yeah!

The best part? Regular financial transactions on #Bitcoin can take place while ignoring all this data (prunable).

So miners can choose to not download your ape pictures on the BTC chain and focus on moving money instead.

Either way, storing data on BTC is huge.

1/ I saw a post from @Route2FI on @CantoPublic which has been pumping hard. #CANTO #NOTE

How come this #Cosmos chain is at $120 mil TVL & #Kuji is at only $7 mil?

@TeamKujira has been building hard, but Canto is better?

I found the answer. See next, a thread. 🧵 2/ #CANTO (native token) & #NOTE (its stable) represent 72% of the chain's volume & about $46 mil in value.

But what worries me more is that you can issue Notes with Canto!

Pump Canto price, borrow more Notes. Fly wheel. 🚀

Sounds familiar? #Luna & #UST anyone? 🙃

Next 👇

Get out of #WBTC NOW!!!

Turns out half of all #WBTC was minted by none other than… wait for it:

🔸 Alameda Research

🚨 They minted over 100k WBTC 🚨

This explains why the depeg of #WBTC vs #BTC began when #FTX imploded!

Major red flag below (pictured)! Source: dune.com/Messari_Jack/w…

Bail NOW!!!

1/ Sam's empire has collapsed. #FTX #FTT #Alameda

From the next Warren Buffett to an outcast in less than two months.

He's now joining a very exclusive group with folks such as Do Kwon (#Terra), Su Zhu (#3AC), and Alex Mashinsky (#Celsius).

How did he end up here? A thread. 👇 2/ Let's start with the obvious, but NOT so obvious.

His health suddenly deteriorated & he was so anxious all the time. Why?

He knew what many did not, but some did. 👇

https://twitter.com/trading_vapor/status/1590253835263836160?s=20&t=tLJSdRKEXSZQQ2sZjLAk2g

Anything on the #Alameda balance sheet may end up like this. 👇 #Solana

They *had* $1 billion worth of #SOL on their balance sheet, now it's worth $500 mil. Tomorrow it may be worth even less.

Stay away from anything touched by #FTX / #Alameda.

🤯 Previous post. #SOL #SOLANA

https://twitter.com/DU09BTC/status/1590222871112339456?s=20&t=-DZFc_JCxGQyMF77zyy2tw

For those confused about #FTX & #FTT, here's the TLDR:

1️⃣ FTX prints FTT out of thin air
2️⃣ FTX lends FTT to Alameda Research
3️⃣ Alameda Research borrows USD stables against FTT
4️⃣ Alameda Research sends USD stables to FTX
5️⃣ Repeat = infinite money

🚨 No need to sell FTT! Seems people are getting it, slowly. #FTT #FTX

#FTX is insolvent and we got proof.

FTX Exchange and Alameda Research hold 8 bil in #FTT value which is illiquid against a real mcap of 3 bil.

That is 5 bil of magic money they report on their balance sheet.

Sam feeling the heat.

Any sell pressure will crash that mcap fast! Binance just moved 500 mil worth of FTT. Dump time?

https://twitter.com/AutismCapital/status/1588933383501275142

Wait till the end. 👇

#FTX CEO has lost the plot IMO. This guy does not deserve what crypto has to offer.

I'd be very careful about anything this guy touches.

He should not do interviews either. 😅 Great interview from Erik.

https://twitter.com/DU09BTC/status/1586338521178165248?s=20&t=oz9jL-6Y6y7FjWh7_nTCRA

Here's my guide if you want to make it in crypto. 👇

Below are my top 10 tools & resources you must use to stay ahead of the curve.

You asked and I deliver. A thread. 🧵

Let's go! 1⃣ Crypto Twitter

Use Twitter as your gateway to find alpha and stay on top of the market.

This means you only follow crypto accounts - nothing else.

Stay focused. Remove the noise.

Start with my curated list of handles below:

https://twitter.com/DU09BTC/status/1535276062497701891?s=20&t=SE2OhIp9ptyw5BUA6TX89w

1/ Here are some pearls of wisdom from @PeterLBrandt after 30 years of trading.

I read his book so you don't have to.

If you plan to trade or invest in crypto, this is a must-read. A thread. 🧵

Let's go! 👇 2/ ✅ On Novice Traders:

🔹 Many novice commodity traders assume each trade will be a winner

🔹 Professional traders manage their trading to assume that each trade may be a loser