Amol Trades Profile picture
I trade magic internet money. Tweets not financial advice.
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Jul 26, 2021 19 tweets 10 min read
(51/n; @OlympusDAO thread Pt.III)
Any community-governed project must find its own way to deal with coordination attacks.

It’ll be worthwhile to track how well the DAO is doing at remaining decentralized and keeping vulture VCs in check. (52/n)
Even as APY comes back to Earth, plenty of directions for the DAO to secure a spot in the #DeFi ecosystem remain. @glassnode offered excellent examples:
Jul 26, 2021 26 tweets 10 min read
We can think of $OHM as promissory bank notes fully backed by reserve assets in the DAO’s treasury and the DAO being like a private bank. A Comparison of Monetary Systems; Source: Messari (27/n)
Why non-pegged #stablecoins when using another crypto-native #cryptocurrency like #Bitcoin or @Ethereum is possible?

The issue w/ pegging to other cryptos is price volatility. Stablecoins are mainly pegged to $USD, exposing them to US regulation & @federalreserve policy.
Jul 26, 2021 26 tweets 15 min read
(1/n) @OlympusDAO Ω $OHM is using community-governed monetary policy to reach a lofty goal — Unpegging #DeFi from fiat currencies

How?  A DAO-governed treasury that’s expanding quickly and creating the right participation incentives to keep the gods happy. Thread 👇 Immortality113, CC BY-SA 4.0, via Wikimedia Commons (2/n) @OlympusDAO gained some traction on social media for a couple reasons:

-High APY

-@mcuban allegedly owns a small stack.…
Jul 26, 2021 8 tweets 2 min read
A thread on dealing with emotions in #Crypto

1. After a massive short squeeze movement you will experience emotions of fomo/panic/confusion:
a. What if it keeps ripping up without me?
b. What Alts will rip now that BTC has ripped up?
c. Should I short it cause it went up too high?

Be patient and hang tight. The market will always present a new opportunity.

a. In moments like this it is better to stay position-less rather than force a position in now.

Jul 4, 2021 40 tweets 24 min read
@CurveFinance thread Pt.2 👇

While spoofing is possible through Curve, such activity can ultimately benefit LPs. Arbitrage on the Curve DEX is also lucrative for traders.

&… @CurveFinance's liquidity pools:

Total LPs: 42,801…'s real-time interactive charts:

Curve's at the top of the leaderboards for DeFi-DEX TVL.
Jul 4, 2021 27 tweets 18 min read
@CurveFinance $CRV — A decentralized exchange #DEX bridging value across the #DeFi industry

If you're using decentralized lending platforms, you're likely using Curve indirectly.

Thread 👉 Quick facts 1:

Curve Finance is a DEX built on #Ethereum.

Purpose: Efficient #cryptocurrency trading & high annual percentage rates (APR) for liquidity providers (LPs)

Core product: Community-governed DEX

Curve Finance is the powerhouse of #DeFi aggregator @iearnfinance
Apr 30, 2021 16 tweets 7 min read
#Arweave protocol/network leads the pack in permanent, decentralized, censorship-resistant data storage

Pay once, store forever (~200yrs)
Permanent storing & hosting for NFTs & Web3 apps

Thread 👉 (2/15)
Arweave Proof-of-Work (PoW) is free from “state bloat,” so less risk to decentralization


Arweave-Solana bridge 👉…

&… Solana & Arweave partner fo...