Crypto Valleys is a play-to-earn game that has caught the attention of CT by storm, with 20K+ and 5K+ Followers and Active Users on Twitter & Discord, respectively.

I believe there is an emerging opportunity here, and opine around 1 way on "how to win."

See my printout here Background:

I am an investor full-time working at a Top 15 AUM shop.

Separately, I have played many of these gamified yield platforms in the past and have also papered threads around the economic theory underpinning "noding" which is the starter mechanism behind most of these games

https://twitter.com/lazyvillager1/status/1475432666908352520

1/ Some observations on $AVAX

This is not a trade because a trade requires timing

Note for the bookmarkers - this tilts bearish

Which pains me since I have very fond memories of $AVAX from the previous cycle

Hopefully someone can point out where I’m missing something 2/ We often hear the notion that price precedes narrative.

$AVAX is near the price it was in December going into the Bitcoin ETF, so one must ask Sisyphus - why are you pushing the rock?

Is $AVAX going to reclaim former heights? $100 incoming?

(1/x)

gm this is my exit from stealth post; my last long-form essay was ~2 years ago

during this time I have continued to work in TradFi; I currently work in an UMM/MF tac opps strategy in NY

i pen some thoughts here on where I see institutional flows novel to crypto (2/x)

as a reminder, i use CT as a journal, specifically wrt the lens of how i see the world

eg.

vs nodes:

vs bad mgrs:

vs late pivots t-backeds:

vs snowdog (@satsdart's rug):

https://twitter.com/lazyvillager1/status/1475432666908352520

https://twitter.com/lazyvillager1/status/1494826677456625666

https://twitter.com/lazyvillager1/status/1483289855652241408

https://twitter.com/lazyvillager1/status/1462444736568987649

Good thread but think it's more simple than this (can't believe it's me the one saying this of all people)

BTC > ETH is being selected as BTC is more dogmatically positioned as being as a virtual reserve currency

@terra_money is attempting to create a 2022 Silk Road

https://twitter.com/adamscochran/status/1510368365805772803

@stablekwon understands that a currency's inherent value is driven by a) immutability and b) divisibility

BTC contextualizes UST as contemporary USD akin to vaulted gold (digital in this case) per the previous world order

1/ My thoughts on $APE as a response to @DegenSpartan's prompt on why this is gaining so much momentum

I took a long position twice - today at ~$8.50 (exited at $11.20 on a stop) and re-entered just now at $12.50 2/ To contextualize - in less exotic M&A markets, multiples help drive valuation - but we often see an incorrect application of them in the metaverse/Web3

Ex. "market cap of a token trades at x and b token trades at x/y so this can be a y profit multiple" opp - we see this often

1/ @danielesesta announced today that $TIME is exiting the (3,3) space and pivoting toward the SPAC model

As a former investment banker, I've worked on SPAC transactions & pitches, and have friends who work in business dev. at such co's post de-SPAC

Herein lies my thoughts: 2/ The key questions that I think people want answered are (and what I will attempt to do) are:

- What is a SPAC?
- What are risks involved w/ this move?
- Will this move be healthy for the protocol?
- Are t-backed coins actually dying / was this necessary?

1/ If you're running institutional capital and you whaled the (very successful) @Battleboobas launch, let me help you out with your Q4 2021 Quarterly Report to LP's 2/ "Holding "NFT: Booba's" at cost. We anticipate NFT volume on AVAX marketplace to grow ~25-30% quarter over quarter, which Booba's, given branding and art targeted to surging demographic (male, aged 18-35), should capture....

1/ To start the year in 2022, wanted to share a few musings on:

- the psychology of crypto and de-coupling performance from identity
- getting addicted to being over-active
- why copy-trading isn't a winning strategy

This is a follow-up to a request that a follower made 2/ Not a standard l/s thread.

A caveat: I am not a full-time daytrader or someone w/ godly PnL. Like most of you, I work a 9-5 (or in my profession, more like a 9-9+) and view crypto as an add'l source of income

1/ BIG THREAD 3 - I am about to kill all node projects.

I don't normally ask for RTs but if you like this, please share/comment/etc so we can STOP THE CAP.

Have been tweeting against nodes for ~ a month now and I'm getting increasingly frustrated by seeing CT $$ burned to zero 2/ I usually provide a financial model - but this time, none is needed. 2 reasons:

1) I want to make this palatable and as easy as possible to digest. No analogies, no projections and no ranges.

2) Imprecision w/ projections due to high variation in reward payout ratio, etc.

Really impressed by the @firatinsayfasi NFT drop. Saw @el33th4xor (AVAX founder) had one & had to cop (my PFP). Convinced some friends to buy some and think we now own ~250 combined.

No Twitter, Disc or TG. No advertising.

5,000 mints sold out <12 hours on a Christmas launch! @firatinsayfasi @el33th4xor Great volume to back it up as well. Anticipate this being the highest volume NFT for at least another week or so.

Source: avaxnftstats.com

1/ UPDATE:

Today marks the 1-month anniversary since I made my first tweet - very grateful for my audience and the opportunity to publish thoughts & research.

I also wanted to share thoughts on my brand (and perhaps this may be useful for others who want to start writing too) 2/ As I think about my positioning (what do I do different? how do I add value?) amongst others on CT, I think my platform is centered around:

- merging traditional finance theory w/ a rapidly changing DeFi landscape
- digesting macro themes and iterating/refining in prose

1/ An analogy:

There are 50 lemonade sellers in your area. They all offer you the opportunity to cut you a % on subsequent capital raised until/if you break-even; thereafter, you get some % of lifetime royalties. Assuming you want to be in lemonade, which one do you invest in? 2/ Well, you might compare traffic - which lemonade stand is on a block that generates the most traffic?

You could also evaluate the lemonnomics and calculate which stand's proposition gives higher basis points

1/ GM. As we enter the next week, I wanted to share some thoughts on:

- Preserving capital via early/partial exits w/ the re-intent to invest later
- What I've seen this week, and how I've adapted
- The notion of passive income, and why I feel like it is being over-embellished 2/ As per custom, some financial analysis attached first.

docs.google.com/spreadsheets/d…

1/ Hi all - I am making a new thread discussing @SnowdogDAO, @SnowbankDAO's acclaimed driver of millennial attention to yield, investment and crypto in a fun and engaging way. Similar to my 1st thread, model and financial analysis attached first

docs.google.com/spreadsheets/d… 2/ And actually - if you hadn't seen my previous post where I opined on the current landscape of t-backed coins - I would recommend doing so, even if you were an #OG reader. I have since added 12 new tweets on potential governance & innovation -

https://twitter.com/lazyvillager1/status/1461779826080198659

1/ Hi all - w/ the rapidly rising popularity of t-backed coins (re: OHM forks), I attempt to model out near-term price action and long-term longevity looking at $OHM, $TIME, $IN, $SB and $SDOG (in my view the 5 most popular / highly traded) to find value

docs.google.com/spreadsheets/d… 2/ My background is in finance/economics; formerly an investment banker in NY. Currently on the buy-side full-time. My thesis is that there is value in taking contemporary concepts (EM hypothesis, etc) and applying them when possible to the rapidly growing field that is crypto