Why I think $FXS (and frxETH) is a better token to hold than LDO or RPL if you want exposure to the Ethereum liquid staking derivative (LSD) narrative and why frxETH will grow rapidly after the Shanghai update while Lidos stETH may actually shrink..
I won't fully rehash how frxETH works, see this thread (and his other content regarding FXS) but long story short, Frax 2 token model is far superior to stETH
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$ETH + 8 other assets (discussed below)
Nov 15, 2022 • 4 tweets • 1 min read
1/ Retail investors have edge over VC funds in the bear market.
They know the safest 10x+ is BTC/ETH/bluechips, but they can't buy as their LPs will realise they can do it themselves, so they create an air of complexity genius in their investments, to obfuscate this and fool us
2/ If they don't, they lose money in their funds/don't attract the capital, and thereby lose their 2% annual fee + 20% performance fee (which is truly all they really care about).
May 15, 2022 • 12 tweets • 3 min read
You didn't sell your bags, now you're holding stuff you think might be junk.
You're not sure if they're going to survive a bear market (most 2017 alts died in 2018-20).
Maybe the (local) bottom is in?
Maybe you hold for a bounce?
Wot do?
My unfiltered thoughts 👇🤝
Facts:
If we see a long bear market, alts will bleed heavily.
There will be bounces, where alts bounce harder;
but because they bled so much first, you may be better off selling sooner anyway.
If you believe in crypto, you probably think BTC and ETH will see new highs
Apr 26, 2022 • 8 tweets • 4 min read
Markets look apocalyptic.
Degens will trade nonetheless. There’s money to be made in this chaos, anon.
$GNS vs $GMX vs $DYDX vs $PERP
Who has the best token? 🧵
Tokenomics are doubly important in current bleak market conditions.
I have compared the tokenomics of some of the more interesting and/or actively used leveraged trading protocols which currently exist in DeFi.
Apr 8, 2022 • 9 tweets • 3 min read
Quick thread on why you shouldn't be moving your stablecoins around for the 'best' #YieldFarming opportunities too often, and you may well be losing money. Grass is not always greener. 🧵👇
All big stablecoin yield farms trend to 10-25%.
Why? @anchor_protocol $UST $ANC pegs 20%. If anything dips below 20%, people move to anchor, and so a natural arbitrage occurs. People accept lower APRs for perceived less risk (dollar backed token farms e.g. USDC vs algo like UST)
