I like DeFi, illiquid jpegs and number go up technology. || Doing things @UnidentifiedDao ||
Joined October 2022
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Nothing to see here.
Just casually farming 425% by LP'ing stocks on @metricxyz.
Not a big fan of LP'ing, but the experience on @metricxyz is quite good.
Been using it heavily since public launch.
If you plan to farm, some tips:
> Go for high volume/low TVL pools
> Focus on $BNB. More volume than RH or $ETH
> LP stock pairs
> LP > washtrading
Finally something worth farming that isn't a perp DEX. Really refreshing.
Not a big fan of LP'ing, but the experience on @metricxyz is quite good.
Been using it heavily since public launch.
If you plan to farm, some tips:
> Go for high volume/low TVL pools
> Focus on $BNB. More volume than RH or $ETH
> LP stock pairs
> LP > washtrading
Finally something worth farming that isn't a perp DEX. Really refreshing.
It’s becoming obvious to me that bidding the “new and better Bitcoin” is a solid framework for this cycle.
Q-Day is coming and the $BTC community is moving too slowly. For the first time, other coins compete with BTC for the same capital, and some of it is already looking for alternatives.
> $ZEC is doing well.
Scarce PoW coin with privacy, ETF since August and post-quantum signatures targeted for January. Not live yet, but BTC doesn’t even have a target.
> Similar idea on $PRL / $PEARL.
PoW coin mined with AI compute, and its nodes already implement BIP-360’s quantum-resistant outputs. I know, it’s early and risky (high emission, concentrated mining), but it’s ahead on what BTC is still debating and price action speaks for itself.
For those who don't know BIP-360:
It’s a new address type that keeps public keys off-chain, so coins sitting in it can't be targeted by quantum attacks.
Until BTC has a credible path to solve this, it trades with the sword of Damocles hanging over it.
Watch BTC devs. BIP-360 getting built into Bitcoin itself is the signal. Once quantum is addressed, the sword should go away and pave the way for real price discovery.
Until that happens, I’ll ride the “new and better Bitcoin” trade. Not because they replace BTC, but because that’s where the money seems to be going.
Kinetiq: Instead of an airdrop you get to buy kinetiq:native at $0.26
Market was at $0.45.
Market after their tweet: -38%
A total of 36,800,000 kPoints were distributed through this program. kPoints holders who participated have been allocated 50,000,000 KNTQ.
kPoints holders may acquire KNTQ at a fixed price of $0.26/KNTQ for a 10 day claim period.
Any unclaimed KNTQ at the end of the 10 day claim period will be returned to the Kinetiq Foundation [@KinetiqFND], allocated towards ecosystem and growth.
Papertrade launches on 10/10.
We know it's burn to earn.
You lose money, you get $PAPER.
You get the tokens instantly after closing a losing trade and can stake them right away.
Staked PAPER earns protocol revenue.
What most are missing is the mint curve.
You get the most tokens (100 PAPER per $1 loss) while the LP sits below $2M.
Bigger LP = fewer tokens:
$10M -> 88 per $1
$50M -> 51 per $1
$100M -> 30 per $1
PAPER also won't be tradable from the start.
So if you want exposure early, the only way is using @papertrade_xyz and losing trades.
Market is obviously more PvP than it was 1-2 weeks ago.
While waiting for the next leg up, there are plenty of things to do:
> research protocols you skipped during the mania
My focus is mainly on RH. I research previous runners and watch out for signs of life.
But there are also interesting new projects on other chains. Like CATALYST on Base.
You should probably also look into the JUMP sale.
> look for new airdrop farms
Tokenless perp DEXs are still handing out points. Arcus, Extended, Perpl to name a few.
Things like Forecast and Papertrade are also around the corner.
> clean up wallets, revoke old contracts
A few clicks now can save you from getting drained later.
Boring days are underrated.
What to farm after $VAR TGE?
Some projects that I have my eyes on:
@arcus_xyz:
Perp DEX on RH.
Currently in private beta. If you already have access you should start clicking before the crowd moves in.
Built by DYDX team.
@ForecastFDN:
Up to 100x leverage without liquidation risk.
Getting size into prediction markets can sometimes be difficult. Forecast will solve this. But you can also trade Majors on high lev.
Built by Joey on top of Polymarket. Live soon.
@papertrade_xyz:
Perp DEX built on top of Hyperliquid.
1000x leverage, no slippage, no funding fees.
Every time you lose money, you earn $PAPER.
Built by Jez. Not live yet.
@QFEX:
Perp DEX focused on equities, commodities and FX.
Already live and pre-points.
Spread still needs to tighten and it's expensive compared to other venues - but very early.
First launch on @umia_finance gets announced soon.
And the market isn't paying attention. 👀
Not to the dev being active on Robinhood.
Not to base:0x56ab53b77f07da3af732150e8aec4783eb5bba7d sitting at $18M while $META is at $132M.
Only a matter of time...
Did my part & voted.
Interesting new way for the community to participate in decisions.
@umia_finance leading the way.
The SEC just legalized onchain stock trading in the US.
Well, sort of… 👀
Context: Congress failed to advance the CLARITY Act this week. So the SEC moved on its own.
Tl;dr:
> New category called Tokenized Securities Venue (TSV)
> They run permissioned AMM pools for tokenized US stocks
> LPs in those pools get a dealer exemption too
The conditions:
- Tokens must give the same rights as the real share (dividends, voting)
- Token stops trading when the underlying does
- Issuers can veto third-party tokenization of their stock
- Smart contracts must be auditable, public, and on a permissionless chain
- Caps on symbols and volume
What I'm expecting:
- Robinhood registers as TSV first. Coinbase and Kraken follow
- Regulated venues on one side, the degen pairings on the other
- Issuers start using the veto (see recent AMC drama)
The fun version stays offshore.
Exemption runs 5 years, then it expires. Nothing final yet.
More context on where the SEC is heading with crypto:
teapaw.org/NPC_68/status/20908024…
Are airdrops dead? 💀
No... but here’s what’s going to change.
Tl;dr:
> Give tokens away for nothing = not a security. No filings, no cap
> Make users farm for them = needs an exemption. The cap: $5M over 4 yrs
For any real size airdrop that $5M cap is useless!
Which is where ICOs come in. The paper gives them a legal path and retail gets access (up to $75M).
What I'm expecting:
- More ICOs, fewer airdrops
- Points programs are not the airdrop. But points will boost your allocation when you buy the token via ICO
- Retroactive airdrops could have a comeback 👀
Nothing is set in stone yet, but as a farmer it's important to pay attention to where this is going...
$20k in prizes. 7 people are competing for it right now.
Here is everything you need to know about @BounceTech's trading competition. 👇
3 competitive leaderboards
- PnL
- ROI
- Volume
$100 minimum to qualify.
Four weekly periods, plus $6k in season prizes after week four.
And the best part: You don't have to win to get paid.
There's a separate pool split between everyone who closes in the green.
The worst trader of the season gets a Rekt Gang NFT.
Bounce's all time leaderboard only has 789 wallets total.
Flying under the radar...
Start clicking. Bounce it.
Axis Origin vault unlocks today at 2PM UTC.
If you keep farming @AxisFDN, move your deposit into a Curve or Pendle LP. Those pools offer bigger points multipliers (20x).
That's what I'm doing.
If you want out, you can redeem your USDC.
Last cycle farming $ENA was a good play. Axis is a similar setup.
Deposited into @AxisFDN Origin vault.
Tl;dr:
- Yield comes from funding + spot arb
- Similar to ethereum:0x57e114b691db790c35207b2e685d4a43181e6061
- Raised $5m
- Season 1 started yesterday 🪂
- Origin vault $50m cap
- Funds 30d locked
- Multiple audits
Robinhood joined the crypto game and took over.
RH chain did $4m in revenue today. More than any other L1/L2, more than $PUMP or $HYPE.
Many of the projects launching there nail tokenomics - see ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 (fair launch + value accrual).
They learned from mistakes of others. This is part of the success.
Memes paired with stocks are another part.
This is like $SOL last cycle but done better.
Your attention should be on RH.
If your bags haven't moved in the past few weeks, it's time to re-evaluate.
Strong thesis and it's still valid? All good.
No thesis, or you're just holding someone else's conviction? That's a problem.
For my longterm/swing bets I look for a strong team, cashflow, and a catalyst still ahead.
Majors are still early this cycle.
Think about your investments now. It's not too late to change something.
