🎙️ New @Edge_Pod on 10 predictions for crypto in 2024 by @BitwiseInvest!

Predictions include...
1⃣ New highs for BTC
2⃣ Spot BTC ETF approved
3⃣ @coinbase doubles revenue
4⃣ Stablecoins beat Visa
5⃣ JPM tokenizes a fund on-chain
6⃣ Ethereum 2x's revenue to $5B
7⃣ Taylor Swift launches NFT
8⃣ AI assistants pay in crypto
9⃣ $100M staked in PMs
🔟 Ethereum upgrades result in L2 fees below $0.01 📺 Watch the full episode featuring @BitwiseInvest Senior Crypto Analyst @RasterlyRock!

🤔 So many options with restaking into @eigenlayer.

😋 Protocols with a track record of credibility.

🤑 Protocol likely to launch tokens.

@ether_fi
@swellnetworkio
@KelpDAO
@puffer_finance (soon 👀)

😎 So which do you choose? Here's a few ideas...





👋 Before I share more, be aware that restaking is not actually restaking--yet. These are pools of staked ETH are sitting in EigenLayer until product(s) go live later in 2024.

🚨 I would consider EL deposits high risk compared to simply holding an LST (ie centralization, bugs).

Bear market stuff 👀 Another, makes no sense to me.

$POOL priced at $5M while new founders are raising at $20M-$50M without a live product.

✊ In keeping with the very positive narrative to design for "real yield" in DeFi, @Barn_Bridge v2 just launched!

📈 It means one can earn sustainable fixed interest!

⌛️ Here's how with 20 hrs left to deposit for Epoch 1...

https://twitter.com/Barn_Bridge/status/1566845341818916865

1/ @Barn_Bridge v2 advances DeFi fixed income.
🧠 Fixed rates are simple + sustainable
⚖️ Fixed positions are borrowable on Aave and soon on @fiatdao so users can get secondary liquidity and leverage positions
🌽 Yield is earned during the prior epoch, guaranteeing the fixed rate

📈 Despite the growth and adoption of DeFi money markets, there's still massive room for improvement with capital efficiency.

🦋 @MorphoLabs is a newer p2p matching layer on @AaveAave + @compoundfinance that solves for the large spread paid by borrowers vs earned by lenders. With @MorphoLabs...
☑️ Lenders earn more
☑️ Borrowers pay less
☑️ Liquidity and liquidation guarantees remain the same

It's a win-win! But the issue atm is a lack of liquidity, likely due to awareness of the solution.

So check out the rates below! It's a no-brainer for me.

In an uncertain world seemingly propped up by money printing, I can't imagine ignoring the new Web3 economy, most notably Ethereum-based DeFi.

It's a haven of experimentation yielding net wealth creation, affected but not dependent on forces driving traditional markets.

👀 1/ You don't need to be an economist or mathematician in 2022 to see DeFi's stickiness with users and continued growth.

Like email for money, DeFi promises to be faster, more accessible, and optimistically speaking, more resilient thanks to trustlessness and transparency.

🙇‍♂️ In 2018-2019, nothing worked.

🚀 In 2020-2021, users assumed everything works.

🧠 In 2022, we're witnessing what DeFi actually works thx to strong product-market fit and ultimately what will survive thx to sustainable yield earned by LPs, and nowadays fees by token holders. B̵o̵r̵i̵n̵g̵ Battle-tested DeFi

AMMs: @Uniswap, @CurveFinance, @BalancerLabs
Lend/borrow: @AaveAave, @MakerDAO, @compoundfinance
Derivatives: @GMX_IO, @synthetix_io
Insurance: @NexusMutual
Undercollateralized lending: @maplefinance
Aggregators: @ConvexFinance, @iearnfinance

@NestedFi is a really interesting DeFi project I got to review recently.

🔴 Social copy trading on Ethereum / Optimism
🔴 But you are only notified if/when traders make moves and you can choose to copy the trade in one click
🔴 Also, looks prime to enable copy-farming!

https://twitter.com/NestedFi/status/1519296568100274176

⚖️ I loved Social Sets by @tokensets back in 2020 but this is that reimagined without Dutch auctions for rebalancing or worry over traders managing massive funds.

⚡️ More zap-like features for copying / following someone’s moves but you’re 100% responsible for each move.

Expecting this to be the most well received token allocation since UNI, rewarding the following active DeFi participants:

🔴 Optimism one-time and repeat users
🔴 DAO voters
🔴 Multi-sig signers
🔴 @gitcoin donors
🔴 Multichain bridge users

Congrats to @optimismPBC!

https://twitter.com/optimismPBC/status/1519001562345005057

🎉 Go here and scroll to the bottom to check wallet addresses if you're eligible for the OP token coming in May: app.optimism.io/governance

🚪 I entered the crypto space in fall 2017.

🙃 What I thought then vs now has changed so much.

🧵 Instead of a thread on some theses, here's a threadooor on countless things I've been wrong about... 1/ My earliest dumb AF thesis that there were distinctions to smart contract platforms by region (ie Neon = the Ethereum of China, Cardano = Ethereum of Japan, ICON = Ethereum of Korea).

🤦‍♂️ I learned this the hard way in 2018 as I graduated beyond being a total noob.

🤬 I can't believe the dumb sh*t we are forced to consider regarding taxable events because the US government is so misinformed and behind times on the realities decentralized finance.

👇 A few examples below... 🌀 I hold CRV
🌀 But I want cvxCRV which is really just yield-earning CRV held in @ConvexFinance, pegged 1:1 to CRV's price
🌀 Instead of swapping CRV to cvxCRV on a DEX to arb 1%, I manually converted CRV to cvxCRV 1:1 in case the IRS ever says "these are like-kind exchanges."

Count me in, fam. ✊

Let’s bring that Constitution home.

https://twitter.com/constitutiondao/status/1460373967156432896

QQ: @ConstitutionDAO who are the 13 signers in the Gnosis Safe?

🤔 I am curious if @paraswap's airdrop logic (and I mean this in a good way) will prove how flawed previous retroactive airdrops were, or will theirs prove to be terribly miscalculated.

❓ If you used Paraswap 5+ times and would have hodl'ed PSP, did you receive the PSP airdrop? 1/ I use many wallets on Paraswap and I only qualified with 1 wallet. But is that a failure or a success?

It begs the question: why does every wallet I used deserve PSP?

My guess is a few wallets missed the 5 transaction minimum in 6 months which I think is somewhat fair.

🦊 I helped a friend get their first MM wallet set up because they want to buy long tail assets not on CEXs.

⛵️ I wanted to help him navigate to L2s and other chains given his interest in certain tokens.

🧘‍♀️ And my god, it felt like brain surgery guiding him step by step. 🤦‍♂️ First, there are no on-ramp/off-ramps from CEXs to major L2s like Arbitrum/Optimism, which makes it painful for newbies. Please help @Gemini @coinbase @krakenfx.

🌉 Second, we need bridge aggregators such as @lifiprotocol. There are hundreds of bridges now to keep track of.

My goal is at all times, to explore, uncover and share new DeFi and Web3 apps, more should be using, but less know about.

🧵 Here's a short thread on how DAO treasuries should prep to protect their runway to build during an inevitable future bear market. 1/ Something many of us experienced (but some have forgotten) is holding a treasury of volatile tokens can be painful in a bear market.

DeFi protocols run by DAOs normally hold large pools of their own governance token, which pay for:
✅Core team salaries
✅Grants
✅Overhead etc

@HopProtocol now allows for bridging ETH instantly between any of the following networks and L2s.

🐇 Ethereum L1
🐇 @arbitrum
🐇 @optimismPBC
🐇 @0xPolygon
🐇 @xdaichain

Learn how to earn ETH (up to 29% APR!) as a Hop LP from fees paid by those transferring ETH. 📺 Watch the full tutorial where I go into much more detail here and subscribe to my YouTube channel.

🦄 Lotta people seem to be wondering how to use @Uniswap v3!

Here’s a few tips and tricks... 1/ In v3, you must choose a price range you’re willing to participate in.

If we deposit into the ETH-DAI pool, I could set a min of 4000 DAI/ETH and a max of 5000.

In this scenario, I deposit only ETH but when ETH reaches $4000-$5000, I begin earning fees as ETH sells to DAI.

Over the weekend, I was trying to figure out which @TokenTax package fits me.

Here's what I learned...

How you file matters:
1⃣Doing taxes myself but need crypto taxes calculated
2⃣Have a CPA + need crypto taxes calculated
3⃣Need crypto calculated + a US CPA to file my return If you fall into scenario 1⃣ or 2⃣ above, then you should probably choose from Crypto Tax Software Plans. tokentax.co/pricing/crypto/

🔥For months we've been doing nonstop interviews on @Yield_TV with everyone building the future of NFT applications!

🕺So here's every episode below to learn NFTs 101, their use cases, and why they're a powerful money lego on #Ethereum!

👇 A thread starting with most recent 👇 @WhaleShark_Pro is one of the top NFT collectors in the world and founder of the social token WHALE, and involved in curating one of the world's most valuable NFT collections (The Vault).

https://twitter.com/DeFi_Dad/status/1363657211730362380?s=20

If you got into crypto after the 2018/2019 capitulations, just know this is a special time! So be aware:

🤔Numbers won't go up forever

🤨While markets have matured, another 80-90% drawdown could happen

🤗If markets get ugly, it stings less when you're building or contributing 😳I invested near the top in 2017. My portfolio went up 3X and then was down 90% in 2018.

😭It could have been devastating but I had committed to working in #Ethereum.

📈🛠️I even had a blast learning about trading from folks like @SmartContracter @CredibleCrypto @Rager.

🔥I had a great time today on @CoinDesk #investeth in a fireside with @zackseward!

👇I also mistakenly prepped slides days ago and so I might as well share these 7 core tenets I'm focusing on at the moment as a #DeFi market participant/investor.

⟠1⟠ Always be learning! ⟠2⟠ Always be paranoid with your funds. Become master of cold storage, hardware wallets, and multisig wallets like @gnosisSafe and @argentHQ.