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John Cook Profile picture
John Cook
@frontrunjohn
Advocate of transparent financial systems & governments that serve the people | defi @ https://t.co/ExTqw1mQjw | gallery @ https://t.co/9vS6O9RlQX
Jan 11, 2023 • 25 tweets • 9 min read
Claims that DCG Grayscale's $btc / $eth trust are ponzis and/or on the verge of collapse is FUD from #crypto twitter void of facts and rational thought.

🧵 I outline why grayscale's $gbtc is positioned for a 100% annualized return in the next 12 months:

Data below. /1 #grayscale funds are safe

#Coinbase Custody Trust is the custodian of Grayscale’s bitcoin, who reaffirmed that #DCG's Grayscale’s bitcoin assets are secured and not used as collateral in a manner similar to FTX:
Jan 2, 2023 • 20 tweets • 7 min read
💀 #Ethereum's LARGEST liquid staking protocol Lido is burning cash & ripping off retail investors:

- Lido posted -($100m) of net earnings in `22
- Its treasury dropped 70%
- $ldo is 100% presold & insider controlled
- Spent more $ on marketing than engineering

🧵 Data below. /1
#Lido is the largest liquid-staking derivative (LSD) on Ethereum:

- 74% of LSD is performed on Lido
- Lido controls 30% of the total staked #ethereum market

src - newsletter.banklesshq.com/p/the-future-o… @BanklessHQ Image