I believed in UST.

I was horribly wrong, and it really hurt my portfolio. 👇 I liked the @terra_money ecosystem:

• I believed in the need for a decentralized stablecoin

• The dapps were innovative & well-developed - more so than on most other chains.

Ex: @TeamKujira, @EdgeProtocol, @mars_protocol, @prism_protocol, @mirror_protocol, @anchor_protocol

I quit my job at Google to work in web3.

Here's why I believe that now is the right time to work in web3... Last month, I quit my job as a Software Engineer at Google, packed up my apartment in Canada, and moved 7,500 miles across the world to India.

All just so I could work in Crypto.

A short guide on reward harvesting strategies for Yield Farmers...

[1/x] 🧵 👇 I wrote a thread about 15 rules for DeFi Investors and Yield Farmers last week

https://twitter.com/shivsakhuja/status/1521763892015550470?s=20

I've been working on a website for a few months to curate the best Crypto resources from around the web.

I partnered up with @Crypto_Clarke & @Momentum_6 so we can make this bigger & better than I could solo.

It's now live at 0xilluminati.com (@0x_illuminati)

🧵 👇 Here's what we've got to start:

• Database of 200+ of the best posts from around the internet cataloged by ecosystem, skill level, tags & creator.

• Databases of resources like best tools, interesting wallets, top substacks & blogs, people to follow, ...

I've spent a lot of time looking for and experimenting with different research & tracking tools in Crypto / DeFi to find an edge.

🧰 🛠️ 33 Useful Tools 🛠️ 🧰
to help you level up your Crypto & DeFi investing game

[1/x] 👇 🧵 I organized the list of tools into the following categories:
• Farm Discovery
• Coin Price Tracking
• DEX Pairs Price Tracking
• Crypto Event Tracking
• Portfolio Tracking
• Yield Farm Tracking
• Market Data Tools
• IL Calculators
• ETH-Specific Tools
• Crypto Safety

How to make it as a DeFi Investor / Yield Farmer...

15 rules for investors & farmers, visually explained 👇

[1/x] (Mega-🧵) 1. Create a plan

This is the most important part.

Failing to plan = planning to fail

Creating a Yield Farming plan means asking questions like...

How Bitcoin could lead to a faster green energy transition... 👇 🧵 Bitcoin mining consumes a lot of power.

Miners have to use specialized mining computers or "rigs" to compete to solve math problems if they want to win the block reward.

This uses massive amounts of electricity.

Are NFTs useful for anything other than owning digital apes?

Here are 9 applications of NFTs with real-world use cases 🧵 👇

[1/x] First, a quick overview of the NFT market...

The NFT market grew by more than 200x in 2021.

The total value of all NFT transactions went from $82.5 million in 2020 to more than $17 billion in 2021.

(Source @FortuneMagazine)

“Where do I buy [insert coin name]”

Answered 👇

(It’s amazing how many people have this question) 1. Go to @CoinMarketCap or @coingecko

2. Find the coin you’re looking for (if it’s listed on CMC or CG), and go to the “Markets” tab.

A 🧵 about copy-farming using @Don_key_finance 👇

[1/16] The @Don_key_finance team reached out to me last week to share what they had been working on.

I found it really cool, so I thought I'd write about it.

Not sponsored or anything - just an interesting new concept I wanted to share.

Different ways to make $ investing in crypto explained 🧵 👇

[1/x] 1. Buy & Hold (HODL)

Buy coins with solid fundamentals, that you expect will do well in the long run.

• Do deep research before buying.

• Only sell if fundamentals change significantly and your original thesis is invalidated.

"The World According to Punk 6529" with @RaoulGMI & @punk6529 on @RealVision

I took some notes and put them in a 🧵 👇

(Part 1/2)

[1/x] I've only heard a little over half of it so far, but this is probably one of the best crypto / NFT podcasts I've heard in a long time.

Huge shoutout to @RaoulGMI & @RealVision for creating such awesome content for free - adds massive value to the space.

realvision.com/shows/raoul-pa…

New to #crypto?

Here's some basic terminology and concepts to get you started..

+ some pro tips for navigating Crypto Twitter at the end.

👇 🧵 [1/x] Basic Terminology:

• Wallet: A wallet is your gateway to crypto. Wallets can store and send crypto, and can connect with and interact with decentralized apps.

• Dapps or Decentralized apps - these are apps built on a decentralized blockchain.

This is the story of how Kyle Macdonald (@oneredpaperclip) traded a Red Paperclip for a House over the course of a year and 14 trades...

📎 --> 🏡

[1/36] 🧵 👇 Note: this story has nothing to do with crypto. I just found it really inspiring, and wanted to share it.

But I did connect it to the crypto journey at the end.

If you can find some time, I highly recommend reading the original story on his blog.

(Link at the end)

16 Awesome DeFi & Crypto YouTubers to follow..

🧵 👇 [1/21] These are not your average CryptoTubers who will help you lose money quickly with their nonsense clickbait:

• "URGENT!! These 5 altcoins are going to 5x this month!!!"

• "Do this NOW or lose 95% of your portfolio!! ACTUALLY URGENT!!!"

• Tips & Resources for Finding Alpha
• Frameworks for Understanding L1s & L2s
• Constructing a Crypto Portfolio
• Opinions about Staking & Cross-Chain
• A Useful Tool
• $3B wallet
• ...
+++

Here's the best content of the week - The DeFi Illuminati #2.

🧵 👇 [1/24] A week can feel like an eternity in crypto.

It's so easy to miss out amidst the noise.

In this issue, we'll share some of the best content of the week, and some useful tips, resources and guides to up your DeFi game.

Read online or as a 🧵

getrevue.co/profile/shivsa…

Beginner-friendly ways to earn interest on $AVAX (@avalancheavax) or other assets.

[1/14] 👇 🧵 I've received some questions from people looking for resources on how to earn interest on $AVAX.

So, here are some very basic yield ideas for beginners.

The same ideas can work for assets other than $AVAX.

Classic crypto journey:

1. Learn about $BTC & $ETH
2. Speculate on alts - win some, lose some
3. Dabble with trading - win some, lose most
4. Dive into the rabbit hole - DeFi, NFTs, Gaming, etc
5. Set up a @MetaMask wallet

Many doors are unlocked after step 5. 🗝

[1/13] 🧵 👇 Most never make it that far.

If you want to accelerate your progress, I'd skip step 3.

Setting up a MetaMask wallet is one of the best things you can do to grow in crypto & DeFi.

The way to get big gains in #crypto is to be willing to do things that most people aren't doing.

A mega-🧵 about Layer 2 scaling solutions for @ethereum.

• Why are Layer 2s necessary?

• Understanding sidechains, plasma chains, channels, and rollups (differences, pros & cons)

• What does this mean for L1s?

[1/42] 👇 Note: much of the information in this thread comes straight from the @ethereum docs.

I've tried to organize and compress it as best as I can, but I recommend referring to the official docs for best info.

I'll also link to other helpful resources.

ethereum.org/en/developers/…

#crypto market size will be:

• $10T+ in 3-5 years

• $50-100T+ in 10 years.

(currently ~$2T)

https://twitter.com/shivsakhuja/status/1471819070458658816?s=20

Skeptical?

#crypto has ~300M users today.

The internet had ~300M users in the year 2000.

Crypto adoption today (growth rate of users) is many times faster than internet adoption in 2000.

People were skeptical of the internet in 2000.

https://twitter.com/shivsakhuja/status/1504077009898868740?s=20

A 🧵 about the $ETH 2.0 Merge: the upcoming upgrade for @ethereum

What it "the merge", why is it important, and what does it mean for the future of Ethereum?

[1/x] 👇 @ethereum currently operates using a Proof-of-Work consensus mechanism like Bitcoin.

As you're probably aware, this consumes a lot of electricity.

Miners use expensive hardware to compete to solve complicated problems to win the block reward.