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DeFi & Life alpha Degen in Chief @todayindefi
Stephen.T Profile picture 1 added to My Authors
Feb 17 β€’ 4 tweets β€’ 1 min read
if you view life as having positive and zero sum games

there's lots of good public education and discussion about the positive sum games

but very little, or otherwise outright wrong info/discussion about the zero sum games just play the positive games right?

you can't. The most important games in life are zero sum.
Feb 16 β€’ 4 tweets β€’ 1 min read
if youre trying to lose weight, or maintain a healthy weight, i highly highly recommend intermittent fasting

-easy to do and fit into most lifestyles
-hard not to lose weight on it
-has other benefits like better blood sugar modulation etc. im on it right now, outside my eating window and literally have no appetite .

tried some beer which tasted great 2 hours ago - the same tastes bad now outside of my eating window
Feb 16 β€’ 4 tweets β€’ 1 min read
im not a bond trader so take with a grain of salt

but i do feel like perpetual yield markets may be transformative similar to perp swaps bonds are difficult to trade, perp yields make it easy

market will def be smaller than perp swaps obviously but for the market it addresses(yield) it shoudl be transformative.
Feb 16 β€’ 4 tweets β€’ 1 min read
lmao source cuz this tweet deserves more likes
Feb 14 β€’ 11 tweets β€’ 2 min read
uni v3 has been great for traders, but at the expense of destroying one of the most important aspects of defi:

Lazy LPing with v2 you just deposit into a pool (ETH/USD, ETH/WBTC etc.) and you're done

minimal IL, no management. often LM rewards on top
Jul 12, 2021 β€’ 5 tweets β€’ 2 min read
I'm not a day trader, but I do some swing trades to manage my portfolio

To read the tape, Market Profile is one of the more useful tools I've used

While I was learning MP, @SpacemanBTC reached out to me and let me try his indicator.

Here's a quick intro and review: 1/ Market Profile is just another way to look at the market

It's similar to Volume Profile, but you see time spent at a level, rather than the volume traded at it.

Wouldn't volume be more accurate?

The problem is in crypto, volume is fragmented.

Time is universal.
Jul 12, 2021 β€’ 7 tweets β€’ 2 min read
"Fair launch" has had mixed results, but I wonder if it can work if adjusted correctly.

if the farm or staking measures select for long term holders with desirable attributes I feel like it could be as good as VC funding or even better.

shower thread: 2 - what to select for:

Long time horizons
Can do this through vesting mechanisms, no-transfer tokens(ribbon)

Skills your project needs
There could be a coder farm, a marketer farm, a BD farm, a Liquidity farm, a governance voter farm

each farm selects for that skillset.
Jun 17, 2021 β€’ 6 tweets β€’ 2 min read
Crazy-ass day

First time I've written about two incidents in one letter

Tried to do both incidents justice as simple headlines simply don't explain what happened very well.

Two points worth highlighting today

-Alchemix users did not lose any money (reverse actually)

-Iron did not literally rug its users either. Users technically rugged themselves.
Jun 16, 2021 β€’ 4 tweets β€’ 1 min read
it would be interesting if coin charts displayed yield

this could help users pick better assets the caveat is it should be protocol level yield, not 3rd party farms.

could do it simply - just state a % given by the projectc

or pull the data from a smart contract that distributes the rewards
Jun 15, 2021 β€’ 4 tweets β€’ 1 min read
i like tokens that you can stake for a meaningful, organic reward it narrows the list down a lot

it shows the project is generating revenue

it shows the token has a baseline economic value
Jun 15, 2021 β€’ 8 tweets β€’ 2 min read
Few understand was a great motto for DeFi summer

But actually has led to inaccurate DeFi valuations

Quick thread: 1/ During the DeFi Summer of 2020

DeFi valuations blew up. 5-10x was normal across the industry

meanwhile farming yields were insane
5 digit yields were common, no joke.

"Few understand" was born during this time
May 24, 2021 β€’ 4 tweets β€’ 1 min read
Given:

-long term trends
-relatively high yield (30%+)
-low liquidity of many true defi tokens

It may make sense for DeFi natives to
1. Pick good long term projects with growth potential
2. Stake or LP the tokens

Rather than actively trading them. Other reasons:
-DeFi tokens don't trade "cleanly" like BTC, ETH or old school alts

-It's pretty much impossible to juggle both a proper trading process (serious screen time) and DeFi research (even more screen time)
Dec 15, 2020 β€’ 5 tweets β€’ 1 min read
Advice given to a friend starting in crypto:

I wouldn't start with alts

Start with Bitcoin

Understand how it works. It's value

And then move on to other stuff once you understand it

1/4: 2/4

That's both educational and investment advice because right now bitcoins share of the market seems to be in an uptrend
Dec 12, 2020 β€’ 8 tweets β€’ 1 min read
An Interesting DeFi Phenomenon

Many projects that started as "blue chips" are merely ok investments

While many projects that started as degen projects, are ironically better investments.

Thread: A year ago, the best projects in DeFi were by far Uniswap and Compound.

Great Teams, Great Development Practices, Great PMF.

Today, they are still great, dominant projects.

But are they good investments?
Nov 9, 2020 β€’ 5 tweets β€’ 1 min read
Putting myself out on a limb again because I think it's important:

ETH has special properties for DeFi

These properties don't show up on charts, OTC desk flows, VPVR, or many of the things CeFi traders look at.

But its obvious for anyone who actually uses DeFi: 1. As a native asset of Ethereum, ETH is the only truly trustless asset on the Network.

2. Because of 1, ETH is the most popular base pair on Uniswap and most DEXes.

3. because of 2, ETH is the most popular LP position.
Nov 7, 2020 β€’ 4 tweets β€’ 1 min read
People giving su zhu shit for calling the top is game-theoretically retarded. i may or may not have been guilty of adding to the fire πŸ‘€

but i have learned the error of my ways and vow to reform.
Sep 23, 2020 β€’ 6 tweets β€’ 2 min read
.@Arthur_0x is a legendary investor in DeFi

But great investors aren't made overnight.

This video from 2014 shows a young Arthur in college.

Already seasoned and successful, he talks about his investment experience and learnings.

Thread:
1/ Arthur started with $3000 and made an investment in a local media company with a strong cash flow.

Even as a beginner, he did fundamental analysis on the stocks he was interested in.

Then he tried short term trading, but leveraged trading blew him up quickly.
Sep 20, 2020 β€’ 7 tweets β€’ 2 min read
Great video by @TimBeiko explaining EIP1559:
A proposal which fixes two of Ethereum's biggest issues:

1. Overly High Gas Fees
It reduces overpayment of fees

2. Value Accrual to ETH
Fees are burned, correlating to network usage.

Summary:
1/ Ethereum faces two major issue right now:

1 - Gas fees are too high.
Tx fees are unpredictable, so people end up overpaying.

2 - Network usage doesn't directly accrue Value to ETH
Exacerbated by stablecoin usage - ETH no longer a gateway.
Sep 19, 2020 β€’ 7 tweets β€’ 2 min read
Why are people so excited about UNI?

A year ago I wrote about Uniswap

A revolutionary Decentralized Exchange

It changed the Game, and kickstarted DeFi as we know it.

Thread:
medium.com/swlh/uniswap-i… 1/ Uniswap was a completely different DEX

Older Dexes had orderbooks and deposit/withdrawals.

While this works for CEXes, for DEXes it's a terrible user experience.

Uniswap let you trade from your wallet in a single transaction.

Easy as Pie.
Aug 30, 2020 β€’ 8 tweets β€’ 2 min read
Poker Players like @Fiskantes have an advantage in Crypto

Because they are mentally prepared for volatility.

They understand Expected Value.

They understand how to deal with "Bad Beats".

My basic explanation (Thread): 1/ In regular life, we are used to cause->effect

Do things well, get good results

Do things poorly, get bad results

But in situations you don't completely control

Such as a poker game, or crypto market

This type of thinking can destroy you.
Aug 28, 2020 β€’ 5 tweets β€’ 2 min read
DeFi is Better than Netflix.

Today's Episode of Today in DeFi:

-Real Fund Invests in Virtual Fund 🏦

-CRV Boost Kicks in πŸš€

-DeFi Dollar Drops πŸ’²

todayindefi.substack.com/p/today-in-def… News that didn't make it, but is still cool:

Zapper invested in by Framework and DeFi Angels