Former algo and vol tradfi trader turned degen crypto.
Feb 12, 2023 • 13 tweets • 3 min read
0/ How to become a one-man crypto narrative trading pump-and-dump multimillionaire, with the help of ChatGPT and some initial investment.
Disclaimer: Any resemblance to real persons or other real-life entities is purely coincidental.
1/ Before you start, you need a new mindset. Forget everything you know about trading.
You’re now a marketer selling “get-rich-quick” schemes. Your job is to peddle the wishful thinking that everyone can be crypto rags to riches.
Embrace your role as a snake-oil salesman.
Oct 17, 2022 • 9 tweets • 3 min read
0/ IMO, @ribbonfinance’s lend product has serious design deficits and I recommend people not to use it for yield-generating purposes.
A thread.
1/ Firstly, Ribbon has a problem with capital inefficiency.
One big qn was why lenders to Wintermute's LP only receive 6.4% APR on Ribbon Lend (before $RBN emissions) when they were paying out 11.5% APR on a 90 days loan at other platforms.
