Long $GMX @GMX_IO

This idea checks a lot of boxes
✔️ Product users love
✔️ Growth in fundamentals is impressive, despite bear market
✔️ Valuation cheap on an absolute and relative basis
✔️ Upcoming catalysts

In a few words - growing fast with big TAM, taking share, cheap

/1 📚 Background: GMX is a decentralized perpetual futures exchange. It facilitates leveraged trading on @arbitrum and @avalancheavax

Others have done a great job explaining the protocol in detail incl @Riley_gmi

This 🧵 focuses on the investment case:

/2

https://twitter.com/Riley_gmi/status/1500453725453885444

The upcoming Sui L1 by @Mysten_Labs has the potential to be a massive transaction settlement network solving for billion+ user and trillion+ transaction scale

Proud and excited to play a small part in supporting that growth
@novariverxyz @Globalcoinrsrch

https://twitter.com/TheBlock__/status/1567830621346463746

🤔 What's the case for a new L1?

Blockchain adoptions is still incredibly early, at just ~100mm users globally interacting with it vs billions of internet users

Look @maplefinance is back to originating loans and generating revenue again

$MPL is starting to outperform again on this bounce

Bottomline: Fundamentals do matter On the borrower side, @Maven11Capital continues to source demand for a new pool

This is a permissioned pool - relating back to my original thesis, that institutional capital is coming

Borrowers both old and new: @wintermute_t, @GlobalAuros
@FlowTraders

https://twitter.com/maplefinance/status/1557768918814670851

I decided to mint #OtherDeed and purchase more on secondary

Let me tell you why I see 💪 5-15x upside and limited downside:

A fundamental TradFi approach to valuing metaverse land NFTs - in this case #Otherdeed from the @OthersideMeta @BoredApeYC @yugalabs🧵:

https://twitter.com/OthersideMeta/status/1520564882860617730

Investment summary
🔹Dream the dream: premier metaverse gaming asset producing economic value
🔹305APE or 2.2ETH mint, 100k supply
🔹Upside 5x to 12ETH
🔹Bull case 15x to 32ETH
🔹Downside to 2.6ETH
🔹Misunderstanding is high: new issuance, multiple product catalysts
/2

$MPL Long: a deep dive into this gem 🧵

In addition to the math checking out (50x upside), its a great example of
🔹Blockchain delivering a better product vs legacy solutions
🔹Product market fit: real business with real world use cases and real cash flow

@maplefinance /1 Others have done good writeups on an overview of the business and how it works:
@fat_mac2, @0xScolio, @LoganJastremski, @PalmerBTIG, #Delphi_Digital, @BanklessHQ, @TheDefiant, @Blockworks_

I hope to build on that by overlaying a reformed TradFi analyst’s investor framework🧑‍💼/2

$LDO – this is a liquid token idea that I really like in the web3 space.

With a grain of humility, I’ll admit confirmation bias in this post given I am sharing my analysis on how much I like @LidoFinance after the recent @a16z investment (but also makes it timely!)
/1 Pattern recognition: “picks and shovels” investing; in a big secular trend, the lower risk but more certain way to make money is to provide the ammo as opposed to picking the right army to join.

Upside is lower, but narrower band of outcomes = better risk/reward. /2

#BAYC Investment Thesis
As with any investment, I wrote this for myself before plunking down for a @BoredApeYC NFT. I've learned much more since. I'm sharing this to keep myself honest, seek feedback, and explain to TradFi friends why I'm so excited about web3/crypto. /1 11/23/21 Purchase at 40ETH
BAYC #9128
Decent rarity score: Rarity Tools v2 score 121.07, Rarity rank #2139
4-trait: blue dress, hypnotized eyes, silver stud, fez hat
Downside = 100% loss of capital
Upside = >130x

So what makes this special beyond just an image? /2