cpt n3mo
@cptn3mox
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VC | Research @hashed_official Tweets are my personal views and not representative of my company nor financial advice.
Southeast Asia
Joined November 2020
$LLM trading at volumes higher than 90% of CEX coins, as it ramps up 4x from the bottom, breaks ATH and flips ELIZA, PIPPIN, KEKIUS, SLERF, PUPS. All this in less than 24h while CT launches derivatives and fights about which is organic or cabal. $LLM is the people's way of
I bought it because it was funny — But now, it’s turned into a community + the ticker is ideal for the meta we’re in + the word play on the ticker can’t be funnier.
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1/ A Proposal has been made for the Luna Foundation Guard (“LFG”) to capitalise @anchor_protocol's yield reserve by $450m. Anchor is the heart of @terra_money and will continue to be as the network matures. Please read and discuss .
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How quickly a year goes by!.- Dec 20: Read up on @terra_money ecosystem.- Mar 21: Migrated entire savings onto @anchor_protocol .- Nov 21: Went full-time crypto with @hashed_official; Terra supporters since 2017.- Dec 21: Had beers with the man @stablekwon (great chat ser!)
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1/ Token Airdrops are one of the ways protocols use to attract users onto their platforms / reward early adopters (if retrospective). There's always that dilemma whether to dump or hold – so I ran some numbers on some of the more prominent drops. 🔢👇. h/t @zhusu for idea.
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1/ All that talk on Anchor's yield reserve depleting and people worrying that the Terra ecosystem will crash if that happens. Ran some numbers and drafted down some findings in article attached. 19-part summary below 👇.
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I just served my last day in TradFi —. Next week, I officially begin my journey with the @hashed_official team! 🥳🎉🍾. Some takeaways for those who just discovered crypto / are looking to break into the space 👇. A thread 🧵.
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Wrote a detailed Medium piece tackling a key question: "Is Anchor's 18-20% yield sustainable in the long-term?". Would encourage going through it (~10min read), but will try summarise key points below.🧵. @anchor_protocol @ryanology045 @terra_money.1/16.
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$LLM is the first instance of coin going 10x in 1h // 100x in 3h // 1000x in 24h. No single holder bought >2% after dev jeeted his share in early minutes. Price ran up too fast for others to corner supply unless you dared to size at ~$10m. Perfect ingredients for a runner. The.
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We need to rethink airdrops next cycle. most trend towards normalised zero. Took some time during bear szn to pen some findings. 1/20 🧵 (full article at the end).
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Summarising the alpha dropped on the latest @TerraBitesPod by @ZeMariaMacedo. A/ Uncollateralised Lending (1-6).B/ Incentivised Tokenomics (7-9).C/ Dynamic Interest Rates (10-12). 12-part thread on @mars_protocol 👇🏼
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Anchor Protocol just crossed its 6-month mark since launch, and recently recorded $4b in TVL. A quick health check on @anchor_protocol and some interesting observations ✏️🧵. (Do read the Medium article for the full piece!).
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A 🧵 on @Hero_NFT_ and why I think they are incredibly bullish for the Terra ecosystem. 1/13 👇.
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MIM/UST fud actually made me realise how many people hold $LUNA but have no idea what they're holding. > probably fomoed into $LUNA last quarter.> probably haven't touched terra dapps before. fwiw, UST adoption at ATH
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1/ What's pLUNA, yLUNA, cLUNA?. What's xPRISM and what does AMPS have to do with boosted yields?. A deconstruction of @prism_protocol, how to get the best LUNA yields on Terra and why you should be bullish on $PRISM. Step-by-step breakdown in 23 parts🧵.
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The @MadLads community are one heck of a cult. Every NFT collection has their own story, but some execute it better than others - e.g. BAYC, Pudgy, Azukis on ETH. I see MadLads leading the charge for Solana, not only building a business for the future, but also acting as the
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"Is more UST being locked up in @anchor_protocol good for Terra / LUNA?". A 🧵 attempting to clear the air on this often-asked question. It's heavy, but please read to the end.
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Couple days back, @stablekwon shared a snapshot on @anchor_protocol, quoting its phenomenal growth. Being a data-centric guy, I took a deeper dive and arrived at a few findings. Sharing here for further thoughts >>.
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Didn't expect nance to love the $LLM that much in such a short timeframe. let her eat.
$PYTHIA, $SEKOIA, $LLM added to @binance alpha projects .
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Some key points from the Terra Community AMA with Do Kwon (April 2021) - thought I'd give those who missed it a quick recap:.1/ Columbus-4 vs. Columbus-5.2/ Fintech and Terra Infra.3/ Insurance (Ozone).4/ Anchor protocol.5/ Mirror.6/ Marketing . 👇🖊️🧵.
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1/ NFTs have taken the world by storm, yet people outside crypto still ask, “why are you paying so much for a picture?”. 🧵on NFT utility beyond PFPs for normies.
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Founders, friends, family have been messaging me the past 48h. A lot, a lot of people had a significant % of their NW exposed here -- call it foolish, call it coming. Maybe you were personally attacked before, but if you are still gloating, do a self-check. Lives are at stake.
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1/ At @hashed_official, we're always on the lookout for quality projects. DeFi has grown a lot, but the brightest minds continue to surprise us every day. We're keeping our eyes on @prism_protocol – here's a 𝘸𝘩𝘢𝘵 on them and 𝘩𝘰𝘸 we value-add 👇.
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Vietnam🇻🇳 is a powerhouse of talent & developers. In 2022, they were ranked #1 in global crypto adoption across a criteria of CEX, Retail, P2P & DeFi prevalence. Many know of the big names, but I spent a week at @gmvn_official finding hidden gems you haven't heard of. 🧵.
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Rounding up the Alpha shared on @danku_r's Col-5 Go-Live Party few days back. Big props to the guys who spent time on this - @Josephliow @Panterra0x @nicdors @ProtocolTalis @TheMoonMidas @madcapslaugh @baegopoojee @MrRefractor @ZeMariaMacedo . 2.5 hours summarised in a 🧵👇.
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Flexing my honorary froyo cat by the one and only @JessieMorii. Waiting to grow my @froyoverse collection with da froyo kitten next.
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Easisest way to capture $TRUMP's upside without chasing is betting on the biggest DEX on Solana: $JUP. Every degen buying on Photon / ApePro / Trojan; every insti sizing in through cold wallets; every normie buying on Moonshot -- orders route through @JupiterExchange. Also,.
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The thing about using $BTC to back an algo-stable is that the collat ratio increases as the crypto industry matures, regardless of more BTC buys or not. @LFG_Reserve holds 30,728 BTC, worth $1.45b now. What happens when 1 BTC = $100k? or $500k?. $UST becomes fully collateralised?.
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5/ So when's the best time to sell? . If history repeats itself, simple average across the sample shows that day 3-5 seem to give the best ROI. You become unprofitable from day 10 onwards, relative to selling on day 1 – with unprofitability increasing the longer you hold.
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It's not often that we see this kind of price action for a Terra Alt. Been 1.5 months since @prism_protocol went live and I've personally not been more excited for its future. Some short musings 0/
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40% Crash on 19 May 2021 - Something I learned about the ETH chain. It's nothing new, but worth mentioning for retail traders like myself. 👇👇.
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@traderjoe_xyz launched on @arbitrum not long ago and I'm personally paying attention here. See how much volume is routed relative to each pool's depth - shows how efficient fee capture is. VOL/LIQ ratio:.Sushi: 0.21x.Uni: 0.44x.Joe: 3.03x ! ($3 traded for every $1 supplied. )
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This is really clever user acquisition by @ton_blockchain. There’s an Earn programme going on now on @telegram where you can earn 50% APY. All you have to do is deposit USDT (TRC20 or TON). But, to receive your rewards, you have to create a self-custodial ton wallet onchain
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Huge start to day 1 of KBW with @ethena_labs spilling roadmap alpha to 100+ people at the @hashed_official lounge. Remember the flow: Money > Network > Exchange. Respect to the biggest teams in crypto @LayerZero_Labs @SkyEcosystem @pendle_fi who came by to share their
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It’s very easy to confuse the $LUNA pump with a retail-driven FOMO frenzy if you don’t spend time trying to immerse yourself in the @terra_money ecosystem. Burn dynamics with $UST, requirement + lockups for $LUNA on majority dapps, depth of brains building, catalysts in 2022 👀.
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A sub-vertical of AI that Crypto has started seeing keen synergies with is RLHF -- and amidst all this Crypto x AI buzz, we think this intersection may lead to some interesting developments. 1/ A thread 🧵.
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Have seen first-hand how active @0xPolygon is in India and this partnership with @Flipkart (India’s largest privately-held unicorn at $37B val) shouldn’t be overlooked. @sandeepnailwal and Polygon’s BD team are like no other
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Just got off a flight. Seems I missed the UST panic sell. Unbothered. Moisturised. Happy. In My Lane. Focused. Flourishing.
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1/ As the two decentralised stablecoin juggernauts come together -. Thought I'd pen down a farming strategy for the degen LUNAtics new to the @danielesesta ecosystem. Quick and dirty 🧵.
Decentralized money wins when $UST meets $MIM . Every money decentralized on every blockchain, all magical. You don't know what's coming 🐸🌕.
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@danku_r @anchor_protocol Ha, or you can sell covered calls on it when @sig_finance goes live. Amazing way to take profit - if it expires OTM, you collect premium and keep your assets. If it expires ITM, you sold at your desired price target, yet keep the premium.
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0/ If you're a founder thinking of building on web3, have outlined some frameworks to help craft your ideation process. Shared over a livestream w/ @web3_native, as part of the @AlphaVentureDAO x @terra_money hackathon & @hashed_official @coin98_finance!.
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So the more crashes we have, the closer $LUNA gets to diamond holders;.The more bull cycles we get, the faster $LUNA becomes an NFT . Win-win.
Crypto is a darwinian game that filters those panic in crashes - . learn to enjoy crashes as removal of competition.
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1/ Media coverage on stablecoin adoption and their threat to CBDCs have been flooding mainstream media. How reliable are these stablecoins though?. Let's look at 4 charts below, with a focus on @terra_money's decentralised $UST.
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First week in Seoul . @hashed_official folks are great hosts and kind, easygoing people. 🇰🇷🇰🇷 has amazing food, coffee and bakes ☕️🥖♨️
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Going live with @ASvanevik and @AurelieBtxL in a couple min!. Lfg @nansen_ai and on-chain analytics 🤙🏼🤙🏼🤙🏼
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Waiting for @nansen_ai to launch analytics on the @terra_money blockchain 👀. e.g. # of new wallet addresses, DAUs based on protocol interaction, TVL growth over time, TVL growth over time split by protocols, etc. !.
After witnessing the meteoric rise 🚀 in Terra $Luna just this year alongside their $UST stablecoin, it quickly garnered interest amongst the members of @nansen_ai Alpha. Here is a sneak peek of the content Nansen Alpha members receive👀Non-financial advice! (1/13).
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This past week made me realise I won’t be any happier working with anyone else but the @hashed_official team. We’re growing pretty big now, across 🇰🇷🇸🇬🇮🇳🇺🇸 and working on all fronts to develop crypto — investments, research, regulatory, incubation @Unopnd_Official. What a time!
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Seeing many people talk about too much LUNA being minted… that’s exactly how the burn/mint is supposed to work
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A day after MAS limits retail participation and plans to restrict leverage in crypto…. I’m getting this email on excessive KYC — I mean, bullet point 2??
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The arrival of bETH also came with a revamp of .@anchor_protocol's UI. Pretty interfaces never go amiss, so wanted to share the changes. Also included a suggestion at the end. 👇.
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Know ppl that made lifechanging money / multiple annual salaries on $LLM yesterday, but they’re back apeing today like it’s a brand new day. The trenches is often used in a derogatory way; bunch of degens flipping coins to “make it”. The trenches actually has some of the.
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@ysiu on the recent crypto carnage at @phweb3festival. “He’s not just exhibiting fraud but also sociopathic behavior — BUT one bad actor does not represent our industry” 🙏🏼🙏🏼
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1/ Couple things you can do with UST cross-chain; on #Avalanche and #Fantom (for now). The latest being bridging UST onto avax and single-staking on @anchor_protocol for 19.5% yields. Note! Make sure the bridged token is UST(wormhole).
🎉@anchor_protocol is now live on @avalancheavax . 🙌🏻 Deposit UST(wormhole) on Avalanche into Anchor and start earning yield today.
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Market's falling off a cliff but if there's one thing I learned in May crash, this is sure as heck not the time to "sell now and buy back lower". Not recommending anyone to catch knives but this is a good time to.- Build conviction .- Think rationally.- Grow those 💎⚾️🥎.
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Dug through a few of @Darrenlautf's famous comic sans price tables. Every time there's a crash, notice how $LUNA used to be top of the list (drops the most from ATH). But things have changed as LUNA use cases got more diversified - fewer liquidation cascades and panic selling
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For me, GPs were never about profit. This ranks in the bottom 10%-tile and has rarity of >10k. All I wanted was to sweep the floor at ~40 LUNA when the secondary market launched, and be a part of Terra's historic first NFT mint. Some are profit-maxis, I'm just a community-maxi.
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2/ Rebased prices from genesis drop at launch across a 100-day timespan. Generally follow a downward trend, with peaks found in the earlier days / weeks
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Recently had a chat with @simonkim_nft - one of the most connected people in Asia. If you’re trying to raise from institutional eastern capital, you want to ensure a couple things:. > Real world adoption is a must. How are you onboarding the masses? How do you migrate.
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Very pleased to have won a place in @terra_money's content-writing bounty. Would suggest anyone interested in the space to take this as an opportunity to share their knowledge and articulate their thoughts!. @crypto_rudd and @danku_r's pieces are must-reads too! 🌖.
2/ Week #6’s Bounty Winners . 1. -- (1,800 UST) . 2. -- (700 UST) . 3. -- (500 UST).
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Yesterday was a hectic day for Terra with the TWD sale but some good came out of it. A bunch of us were chatting on @TerraBitesPod's TG ahead of the sale, and @Panterra0x asked us to share some exciting projects we're looking forward to. 👀👇 (1/10).
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Anchor's rate has reduced to 18%. Haters expect capital to exit the ecosystem as yields gradually drop. 74% of UST mcap is in Anchor. Yet, ~24h after adjusting to the dynamic rate, LUNA supply continues burning, and UST's mcap growing. These are metrics to eye in coming months.
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2/ In Anchor’s current state, it may appear that its deposit yields are unsustainable. But Anchor has future plans for vast improvements . V2 changes include better borrowing incentives, onboarding of bAssets, cross-chain deployment, tokenomics changes etc.
1/ Let’s talk about Anchor’s V2 Borrow Model which will enable Anchor to rapidly onboard compound liquid staking derivatives like $LUNAx or $sAVAX as new collateral types. What does the borrowing process look like in V2 & how does interest for borrower’s work? 🧵👇.
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If @coinbase uses 10% of their approved $500m to buy UST and yield on @anchor_protocol, that’ll be $10m per year to reinvest in the ecosystem. Taking a fraction of that yield - how does $1m institutional DCA into $LUNA sound? 🤝.
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Gone are the days where deals can close within the week. Funds are doing heavier due diligence - on team background, motivation to build, comps, how sustainable is PMF in next 12mths?, detailed breakdown of funds use . Founders that can tackle these in detail will stand out.
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Conclusion/.Anchor will continuing utilising its yield reserves in the short term (end-2021 to early 2022), but is expected to achieve self-sustainability by 2Q 2022. The next time someone questions you about Anchor’s sustainability to provide 18–20% APY, show them the data!.
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Who knew @stablekwon took inspiration from one of one of the world's most renowned names? Lee Kuan Yew, SG's first prime minister. What if Terra follows Singapore's growth trajectory in the next few years?. Awesome coverage by @mariogabriele .
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One insane up only chart that nobody on CT is talking about. CTO coin relaunched on BNB chain; solid chinese cabal, up only smart followers, steady engagement metrics, ring leader @Christianeth chadding. CT fades it cuz it's on BNB?
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5/ According to base case projections, having $450m in the yield reserve allows Anchor to sustain its 19-20% APY over the forecast period. Thereafter, in the long run, Anchor achieves mass adoption, yet is decentralised and self-sustainable.
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Long and exciting journey ahead, but if you're reading this today,. WAGMI.
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Contrary to typical view:. "Seeing more decentralised (algo) stablecoins enter the space isn't viewed as competition;. Rather, they validate UST's mechanism as a model worth exploring and building atop of; and will likely coexist with UST dominance.". – @stablekwon.
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Very own degenbox that is native on Terra? 👀.
1. FOR ANCHOR DEPOSITOOOOOR. $aUST, one of the assets that will be available on the Genesis Pool. A Magic wand is here 🪄✨; you can borrow $UST against $aUST that are sitting idle in your wallet and do the steps as illustrated below. 3/
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1/ A very dull day for crypto as an industry. Today - yet again - emphasises the danger of lending assurance to the "Too Big To Fail" fallacy. A reflective take and 4 things to look out for in coming weeks. 🧵.
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Met a bunch of avid NFT collectors IRL and we had a chat on using aggregators. 1/ NFT aggregators are great for flippers that are price sensitive. Collectors think differently and prefer buying off the native marketplace. Short 🧵 on thoughts and developments in this vertical
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Realised this was a little confusing. In short:.1. Borrow $MIM with $aUST.2. Use 50% $MIM to buy $TIME bonds at discount on avax.3. Receive $MEMO and bridge $wMEMO onto ftm.4. Mint wMEMO-MIM LP on spiritswap with remainder 50% $MIM.5. Farm wMEMO-MIM LP on beefy at 150% APY.
2/ Use $aUST as collateral on to mint $MIM @ 80% LTV. Borrowing stables against stables so the you'll only get liquidated if UST depegs by >20% (never happened before) - relatively safe. E.g. $10k collat, borrow $8k @ 4% interest.
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there's a couple things i don't fade -.1/ high volume.2/ good holder distro.3/ smart money chatter
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8/ Reference sample.- $UNI, Sep 20, 15% total supply.- $ANC, Mar 21, 5% total supply.- $MINE, Aug 21**, 5% total supply.- $DYDX, Sep 21, 7.5% total supply.- $RBN, Oct 21, 3% total supply.- $PSP, Nov 21, 7.5% total supply. ** Launched in May but CG data available as of Aug.
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Increasing convinced that the most (if not only) important criteria in crypto venture investing is trust in the founder. ✅Will this founder give you 100% dedication in time, focus and resources to rolling out their current business plan? .✅Will this founder be prudent with.
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One of our bigger investments this year and a convicted bet behind seasoned entrepreneurs @taikoxyz. It’s no secret that the team had successfully built @loopringorg in the past, before expanding their vision to a grander infrastructure: a Type-1 zkEVM. We��ve still got a long.
Dear Taiko Community,. We are beyond excited to announce that after two years of hard work, the Taiko protocol has been deployed on Ethereum mainnet! 🥳. Let's look at how you can start exploring Taiko today:. 1/
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.@playSIPHER is incredibly well-designed. Gameplay so simple (ARPG solo/multiplayer) but game depth so remarkable. You spend ~5min to complete 10 PvE rounds, with each round having different “augments” to choose from, which unlocks a range of combinations & sick graphics.
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5/ Share alpha even if it may dilute your yields. Nothing feels better than pulling an all-nighter with friends to dig for a contract address for a stealth launch project, and apeing hard when found. Crypto's all about having fun together.
If you are generous with providing insight others will reciprocate with opportunity. If you withhold insight, others will do the same.
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This thread is coming in >1 mth from when it was written but still relevant today — . 1/ A few graphics on LSDs that we created 🧵. (Full article link at the end).
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Col-5 delayed by 3 weeks but the leader rallies the team to remind us why we were invested from day 1. Long only gang.
1/ What is Terra? 🧵.
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Imagine pitching to exit when the institutions are just coming in. If you wanted to derisk, doing so ~3 months ago would've made more sense; now's the time to be calm and preserve remaining capital
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Jimmy's a great guy and all that but his greatest value-add is being one of the finest meme creators on Terra.
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3/13 The first NFT launch on Terra will always be monumental;. But second-movers have the advantage of seeing how to position things differently, in their unique way. @Hero_NFT_ dropped a ton of alpha in their Discord AMA yesterday, and I'm gonna recap it for my Terra homies.
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20/20 To recap, this 🧵 is meant to:.(i) Clarify misconceptions of the title statement and; .(ii) Give suggestions of what can be done to make Anchor more sustainable. Happy to have a chat if you think I've missed out anything or if any of the above pointers were inaccurate.
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1/ Get your hands dirty with protocols on different blockchains. You are only as knowledgeable as the user on the ground. Interact with DApps on all chains; DEXes, lending/borrowing, yield aggregators, wallets, etc. - so you get an idea of how they differ from users' POV.
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Dozens of you have reached out and I am immensely grateful. Hard to see the silver lining amidst this CT mayhem but you've shown otherwise. If you're a founder wondering how to pivot from here - I'm here to chat. DMs open. Though take a breather, reset in a couple days.
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Conclusion/. This will be a community-led protocol. Anyone can submit a strategy with risk parameters (LTV, liq bonus, liq threshold, collateral, etc.). Launch timeline: Q3 2021, no news of token launch yet. I'm really excited for a levered yield farming protocol on Terra!
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Attended two events yesterday. 1 crypto-native, 1 fintech. Stark difference -. Fintech: let's connect on LinkedIn!.Crypto: what's your tg ser? twitter works too but i shitpost there too much.
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3/ Max. prices were generally hit within the first 5 days except for $DYDX on day 23 and $MINE on day 43. Min. prices all occur at later stages, reinforcing the downward trend post-launch. $ANC, $MINE and $DYDX all record lowest prices close to the 100-day mark.
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4/ The overall refinement process takes time and . Having a sufficient yield reserve to continue scaling UST’s growth to newcomers & inspire existing users’ confidence will benefit all stakeholders.
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ChatGPT has revolutionised our world. But not everyone is making the most of it. 8 ways to structure prompts to improve your productivity in crypto 👇 🧵. (Feel free to edit & personalise them!).
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3/ Those changes should allow bLUNA Collateral dominance to fall significantly, which allows Anchor to be sustainable under certain growth scenarios for Deposits and Borrows.
12/ Goal is to drop luna dominance in anchor collateral under 40% by growing adoption of other assets - should grow utilization rate.
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Contrarian take: blockchain gaming are slow to take off as most are not prioritising mobile-first. Had a convo with friend on this, open to hear other takes.
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Pitch me a consumer-facing app that can capture masses, onboard retail without hassle, allow them to transact on & off chain, with infrastructure built on new concepts like Account Abstraction. Presenting @basedappHQ — Asia’s very first non-custodial debit card!
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The first AND only stablecoin on Cosmos. Welcome the flood. Welcome the burn.
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