sb

- A negative mind will never give you a happy life - Life is only as good as your mindset Enough alpha here.

First article of a series where I walk you through the process of building @21advisory1. Easy read.

sold $DRV around 0.41 still holding ethereum:0xfe0c30065b384f05761f15d0cc899d4f9f9cc0eb as my main bag flat perps wise

While being the most optimistic and really hoping for the best, which looks like it will happen, I think shorting $BTC and weak alts is a decent play here. Shorted a few alts + BTC. I'm worried about my bag of $DRV as I stacked them to not jeet too early 🤡

POV of my feed: I think we have priced in the hike and Trump will push through for Clarity to pass while everyone is short and I am long. I am a genius.

ethereum:0xb1d1eae60eea9525032a6dcb4c1ce336a1de71be thesis, but the honest version. I do think on-chain options will become a real category eventually. Today they're doing $3B in notional over 30 days against $613B for on-chain perps; options are still under 1% of on-chain derivatives volume. In TradFi, options run 74% of exchange-traded derivatives volume. That's the whole bull case in one number: if that ratio ever gets anywhere near perp-scale or TradFi, DRV re-rates hard. But "eventually" is doing a lot of work, and the market isn't giving you a discount to wait for it. 1/ Derive trades at 25x P/S and 20x P/F on circulating mcap, basically Hyperliquid's multiple (24.9x / 19.5x), the proven perps winner. 2/ The token actually trades: $3.7M in daily token volume (CoinGecko-aggregated) on a $143M cap. 2.6% turnover. Try moving real size and you'll feel it going in and coming out. 3/ Derive's own book does 90% of all on-chain options notional; right now there's basically no competition. That's great until the market actually grows: a bigger pie attracts bigger players, including venues that could just bolt options onto an existing perp business (😛). Today's dominance isn't a moat that's been tested against real competition. I hold it. I just don't pretend today's price is a godly entry. It's a bet that options become perps' little sibling.

This isn’t looking very good. I bought some puts early last week. I remain bullish, and this will just be a good opportunity to get lower prices. Do not forget that Trump will fight for the midterms.

I haven’t been very active on X, but my farming hasn’t changed much. I’m still waiting for cheaper YT and looping reUSD instead. Looping APY is 10–15% with leveraged points. Points on top are attractive, esp. since @re doubled the multiplier on the naked asset. I’m not farming YT because I have a large bag of points, but if you have zero, YTs are the easiest 2x for a small portfolio.

Everyone on CT can farm. Your uncle can't. Not because he doesn't get the risk. Because he'd have to learn seed phrases, networks, gas and unreadable contracts first. @21Advisory1 removes that layer. Platform, nothing else. Site and waitlist live: 21advisory.fr/

Considering my recent trading activities, I won’t say too much but this: I agree that $BTC is in a interesting spot here. I would lean bearish, as going above 80/82 will require a strong narrative, and the debasement trade is just beginning.

I am now pretty much sidelined with my reUSD as I sold my YTs after the spike next week. It was a good opportunity to cash in. I will re-enter when we go back below 11% IY.

It's been a very long time since I've done this: I bought mid- to long-term bags of ethereum:0xfe0c30065b384f05761f15d0cc899d4f9f9cc0eb and ethereum:0xb1d1eae60eea9525032a6dcb4c1ce336a1de71be. I'm looking at other bags and going heavier later if possible.

Is anyone watching Bessant conference? He is not comfortable with what he is saying. Bunch of nonsense.

This is by far my best farm. Numbers on @re YTs for reUSD are looking good. Market Data: > Underlying APY: 6.61% > Implied APY: 10.69% > Days left: 108 > S2 Points prediction: 817,256,543,662 My concern with this strategy is the airdrop terms. The S1 terms were hard on farmers. Any wallet holding more than 150M points was vested. I don't know how they gonna handle S2 but there will be some vesting terms, I hope they will be less strict. The yield leg is losing $3,621. At the current price, this is covered by the 1st unlock, based on s1 terms, which is 150M + 10% (around $5,800 at today's price). Here's my ref link: app.re.xyz/?ref=50lf4

YT on @re are still undervalued. The main risk of farming re’s points is the unlock terms. They fucked us in season 1, I don’t have a strong opinion as it would only be guesswork.

A negative mind will never give you a happy life. This simple sentence just help me open my bearish mind. I'll long the market and see the bright side of things.