Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
MONK Profile picture
MONK
@defi_monk
Sunny | Research @Messaricrypto | Prev Hedge Fund Monkey | NFA | Check Highlights for Threads
Nov 11 • 14 tweets • 4 min read
1) A Valuation of Hyperliquid
Key takeaways from my latest Messari report

My updated valuation outlook on the $HYPE token places it at a $13B FDV, with the potential to rerate higher than $30B in the right market conditions.

Let's dive in:

🧵👇Image 2) The end of incentives have done little to stop Hyperliquid's momentum.

We saw ATHs in market share in October, and OI has also hit an ATH at over $1.5B. Image
Oct 30 • 16 tweets • 5 min read
1) The $DOGE -> Mid Cap Meme Rotation

IMO, memecoins need $DOGE, and with renewed interest in $DOGE as the election nears, I think it'll be interesting to map out how value will disperse across the memecoin category.

Here's how I think it plays out.

Thread below 🧵👇:Image 2) It is my view that it is getting increasingly difficult to push meme market share higher without a significant move in $DOGE / $SHIB.

The aggregate memecoin market cap has surged in 2024, and is approaching its 2021 ATH: Image
Sep 18 • 13 tweets • 4 min read
1) A Valuation of Aerodrome
Key takeaways from my latest Messari report.

@AerodromeFi is winning @base with its MetaDEX model, but is it sustainable long term?

I built a model to answer this question and get to the bottom of $AERO's ve(3,3) design.

🧵👇Image 2) If you don't know why Base + Aerodrome is a killer combo, I explained the development here:

Sep 3 • 8 tweets • 3 min read
1) A New $META for DAOs
Key takeaways from my latest Messari Report

I wrote a report on @MetaDAOProject, which is one of the most ambitious projects I've found all year. Here are some highlights.

Thread below on Futarchy, and the DAO trying to reshape crypto governance 🧵👇Image 2) DAOs are flawed.

Delegate power is centralized, voter participation is low, and vulnerability to governance attacks is high.

None of that is news but so far there have been very few viable solutions.

Futarchy begs to differ:

Aug 12 • 12 tweets • 3 min read
1) YES or NO on Polymarket?
A preview of my latest Messari report

@Polymarket's organic growth story this year deserves to be studied. Let's sift through the noise and try to predict what the future may hold for one of crypto's breakout applications.

Thread below 🧵👇Image 2) A main concern right now is what happens to Polymarket's up and to the right metrics once the election cycle ends.

It's a valid point, but we think there's also encouraging data that suggests sustainability.

Jun 28 • 14 tweets • 4 min read
You might be seeing some salt on your FYP regarding the $BLAST airdrop this week.

I'm here to explain why.

Here's a timeline of $BLAST's incentive mechanisms over the past few months and why some people aren't too happy with the Pacman. Image If you aren't too familiar with $BLAST, they're the only $ETH L2 to offer a baseline $ETH and stablecoin yield that accrues in the form of automatic rebases. This is done through restaking and on-chain T-Bills.

As long as you hold $ETH and $USDB, you can earn native yield.
Apr 12 • 18 tweets • 4 min read
Ok here's an explainer thread for $PUPS for anyone who needs it.

I'll cover Ordinals vs. Runes, and Bitcoin Puppets while we're at it. Let's just do it all.

Keep reading below to learn about the first memecoin on $BTC to hit escape velocity and the associated NFT collection: @PupsToken is a pre-rune.

Bitcoin Puppets created by @lepuppeteerfou is an inscribed Ordinals collection.

The two are not officially affiliated in any way.

@lepuppeteerfou has clearly stated that there will be no official roadmap or bizdev efforts for puppets.
Mar 22 • 20 tweets • 6 min read
THREAD ALERT 🧵on @getbasedai and @pepecoins and why both deserve to be billion dollar projects.

BasedAI is truly the dark horse in the decentralized #AI narrative.

To set the stage, shortly after @getbasedai tabled at the 2024 NVIDIA GTC Conference, the #basedAI token caught massive bids, including ones from a new holder who accumulated ~ half a million dollars worth.

This skyrocketed the price to almost $9.

Could be a coincidence, but somebody saw the merits to what based labs and @pepecoins are building.

Here's why you should too👇Image The tech:

A month ago the team dropped a massive paper on arXiv highlighting their novel method to securing and enabling private LLM testing on the #basedAI decentralized network.

Everything builds upon Fully Homomorphic Encryption or FHE (the holy grail of cryptography).
Mar 6 • 4 tweets • 6 min read
A lot of people are asking me about $YES, so here we go.

Introducing a primer on my new biggest bag - the $YES token on @Blast_L2 built by @BaselineMarkets.

The federal reserve of Blast (not really but maybe).

In this thread I'll talk about:

1. The lore

2. Why I think $YES is going to run up massively

3. Why @BaselineMarkets is going to potentially kick off a paradigm shift in the way we think about market making, liquidity, and leverage in defi

This shit is complex, and I'd be lying if I told you I understood 100% of it, even 80% at this point. But I'll do my best, and update you as I go along.

Essentially, $YES is a numba-go-up token maximizing the potential of Uniswap's v3 capabilities to consistently push up its risk-free floor, pioneering the newest model of protocol owned liquidity, while offering native leverage.

@BaselineMarkets is the system upon which $YES is built, and hopefully will be implemented across more projects in the future.

Thread continues below:Image 1. The Lore:

$OHM was one of the first projects to introduce the idea of protocol owned liquidity (POL).

@ohmzeus and the crew identified inherent problems with the way AMMs and LPs operated - most critically that LPs and market makers were mercenaries, and were providing a service for profit.

This meant liquidity profiles could swiftly change depending on the incentives of the providers, and often did when tokens started going down. Pulled liq meant huge spikes in volatility, and oftentimes sharp downward spirals that killed tokens and protocols, leaving bag holders with terrible exit options.

Furthermore, token launches are plagued by problems when it comes to their supply. Predetermining the supply and distribution of a token prior to launch could mean inflated market caps, unpredictable team and KOL / VC selling, and shady business in general.

OHM's initial POL solution allowed the code to custody liquidity and supply, assuring holders that they could prevent disappearing liquidity even during times of crisis. However, constant token emissions and price appreciation meant that the protocol would sometimes be trading at a loss - buying back its own tokens at highly inflated prices. This depleted reserves when prices reversed.

To bring evolution to the POL concept, @BaselineMarkets' current devs developed Jimbo's protocol. I highly suggest scrolling through all the way back in the discord's announcements to see their journey. Before they could fully iterate, the progress on the experiment was put to a halt by an exploit:Image
Jan 5 • 15 tweets • 4 min read
Best kept secret in Defi has been $PEAS, and it's finally breaking out. Here's a quick thread on what it is and how best to benefit:

$PEAS, $ETH, #Ethereum, #Defi, @PeapodsFinance, #Crypto Image I've been accumulating this position since the end of December, and in the past two days we're seeing $PEAS rocket as people catch on to the innovations occurring here.

Now there are a mouthful of buzzwords attached to the project, but what I like best about it is this: