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DeFi Threads 🧵 No complicated words 🙅 Takes weeks to write ⏳, but they are high-quality 🤌

Joined September 2021
Photo by Simplify DeFi 📘 (@SimplifyDeFi)Photo by Simplify DeFi 📘 (@SimplifyDeFi)Photo by Simplify DeFi 📘 (@SimplifyDeFi)Photo by Simplify DeFi 📘 (@SimplifyDeFi)Photo by Simplify DeFi 📘 (@SimplifyDeFi)Photo by Simplify DeFi 📘 (@SimplifyDeFi)Photo by Simplify DeFi 📘 (@SimplifyDeFi)Photo by Simplify DeFi 📘 (@SimplifyDeFi)Photo by Simplify DeFi 📘 (@SimplifyDeFi)Photo by Simplify DeFi 📘 (@SimplifyDeFi)
Quick story on raising your Life’s Floor Back in the 2017 cycle, I had a close group of crypto friends. We were able to flip 6 figures to 7 figures. No, we weren’t geniuses. You just had to be there to know how insane that cycle was. One of the guys, David, wanted to do something crazy. He was going to cash out his crypto, and buy a house in cash. Me and the rest of the guys couldn’t believe it. Us: “Bro, this is like getting in early on Amazon and Google” And on top of that, interest rates were so low back then. He explained his reasoning. David once had a business that was successful. He kept re-investing money into it. Then the business died and he was left with nothing. After it was all said and done, he had to move back to his parent’s home and start all over again. His biggest regret is he didn’t take profits to permanently upgrade his life. “Raising your Life’s floor” means improving your worse case scenario. So this time he wanted to cash out and buy a house. No matter what his worse case scenario was, he’d be a homeowner. He wouldn’t have to start over from scratch. What happened to me and my friends? The 2018 crash happened and we round tripped all of our earnings. David? Pretty sure his home has 4x in value at least, and he’s still crushing it in Crypto. Hopefully, several of you will make some life changing gains. It’s tempting to want to immediately upgrade your lifestyle. You’ve had a chip on your shoulder your whole life. You want to buy the Rolex, the new car, and rent the new high rise. You want to show everyone you’ve “made it.” But the future is unpredictable - especially in Crypto. Your first order of business should be to find ways to permanently raise your floor. • This means paying off debt. • Buying assets such as a home, or funding your retirement. • Building a year’s worth of emergency funds. By doing this, you’re giving an advantage to your future self. If you fail, you’ve given yourself a nice cushion to fall on. I’ve seen way too many people in this space go from riches to ramen. I’ve had the supercars, and the watches. You feel the dopamine for a few days and then life returns back to normal. (think about the last time you bought a new phone or laptop) Nothing beats the feeling of financial security and the peace of mind that comes with it.
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Simplify DeFi 📘 retweeted
What's so special about #Radix? 🤔 Check out this simplified overview by @SimplifyDeFi 👇 Full video is available on YouTube: youtube.com/watch?v=YItyFcYa…
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Simplify DeFi 📘 retweeted
Replying to @ZssBecker
Caffeine is like a payday loan. You're constantly borrowing energy from the future to have some right now. Don't think your energy debt is that bad? Try stopping for a few days. No one talks about having a broccoli withdraw 😂
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Watch @SimplifyDeFi discuss the Radix Wallet, the user experience and more. View the full video on YouTube: youtube.com/watch?v=YItyFcYa…
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Watch @SimplifyDeFi explain how smart contracts work on the EVM. View the full video on YouTube: youtube.com/watch?v=YItyFcYa… PS. Babylon is in 63 days 👀 Smart contracts are coming to #Radix 😍
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Simplify DeFi 📘 retweeted
Most of the big CT accounts are no longer motivated. Long time out of ideas and enthusiasm. There is a new way of doing things and we are relentless. We never sleep and we are hungry. Above all else we love what we are doing.
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Simplify DeFi 📘 retweeted
I love Fantom, and I might be (probably am) fudding. But in any case, the majority of assets on Fantom run through the multi bridge and are not native. I wouldn’t risk leaving assets that aren’t native to Fantom on-chain. One lesson from 2022 is that it’s better to be safe then sorry.
Update: The @MultichainOrg bridge with Fantom is operating as normal.
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What's so special about #Radix? 🤔 Watch @SimplifyDeFi talk about atomic composability, Cerberus and more. View the full video on YouTube: youtube.com/watch?v=YItyFcYa…
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Watch @SimplifyDeFi talk about Scrypto, the #Radix engine and more. View the full video on YouTube: youtube.com/watch?v=YItyFcYa…
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Simplify DeFi 📘 retweeted
How does sharding work on #Radix? 🤔 Watch @SimplifyDeFi's overview of Radix to learn more. View the full video on YouTube: youtube.com/watch?v=YItyFcYa…
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Replying to @hooeem
Agreed, a content creator gives so much time, insight, etc. 95% of the time the audience loves it. That 5% something doesn't pan out, the mob attacks. There's a lot to consider when looking at creators & audience: AUDIENCE 👀: ▶️ Seeking gains. They want da ALPHA. Make a x10? They are a genius, but thanks for the tip. Do it again. Get wrekted/scammed? Why didn't you vet this better!? ▶️ Some truly want to learn and see how the space is innovativing. ▶️ Some have PTSD from getting pumped/dumped, scammed, rug pulled, taken advantage of by influencers, or simply -90% because of Bear Market. They need a target to release that energy. CREATORS 👨‍🍳: ▶️ Some put more time into creating content vs researching. That indirectly reduces their progress to help others. ▶️ Give so much for free to help the community. The appreciation and compliments is amazing, but a lot of the audience just takes it for granted. In fact, they may want more and get mad at mistakes. ▶️ Many might not get traction/rewarded. They must pivot to what the audience wants. Perhaps that means talking about alpha, prices, assurance big price action will happen, etc. Some may feel the need to "give the audience what they want". ▶️ Other projects start offering sponsorship/payments. The amount of money and frequency isn't something the audience understands. You can turn down 95% of the projects, but there's no guarantee that you vetted properly. Sh*t happens. ▶️ Should content creators get paid? Sure, nothing wrong with that. The only question is, how to do it ethically. ▶️ Have an added responsibility to WHAT they expose to their audience. There is a reason why a project is paying the content creator, for exposure. The creator can't simply say "I didn't make you do anything". Well, they indirectly knew that 1%, 5%, 15% of their audience would act on it. ▶️ In addition, if a content creator is getting paid to talk about a project, how often will they purposely paint it in a more positive light? Most of the time. It's not like a creator accepts payment and provides a non-biased, fact based, pros/cons list of a project 🤷 CONCLUSION: I think there is a standard that the Creator & Audience should agree is fair. ✅ Tell the audience when you're being paid for content. ✅ Don't make it too shilly/hyped. ✅ Bonus: Disclose if you are invested in the project. ✅ Bonus: Provide a list of past projects you accepted payments for (Track Record/Reputation). ✅ Bonus: Provide a Pros/Cons list at the end of the thread. Thoughts? 👀
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Simplify DeFi 📘 retweeted
I was lucky enough to use this through early beta, and I can confidently say that #onchain sleuthing is about to become accessible to knuckledraggers.
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Gud thread:
Narratives is a word related to Alpha. Being ahead to a certain niche before it comes to fruition has been key to good investing for the past months Need to know more? Here's a 🧵 on the current narratives
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Simplify DeFi 📘 retweeted
Part 8 of my deep dive research series will be on @GMX_IO Can the blueberry army propel $GMX to new heights?? 🫐🧵 1/
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Simplify DeFi 📘 retweeted
The ETH Liquid staking narrative is running hot at the moment. Some impressive 30d growth for both Rocketpool $RPL and Frax $FXS ▶️ Rocketpool TVL +10.44 % ▶️ Frax ETH TVL +57% Even more impressive is the Frax Ether APR of 8.08%- almost double the competitors.
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Do you have Bear Market PTSD? Symptoms: ✅Liquidating after every 1% move ✅Trouble sleeping waiting on 10k $BTC ✅ Your wife says you "Can't be trusted with money" ✅Secretly missing Sifu ✅ Overwhelming shame at family gatherings Here's an RX from @NickDrakon 👇
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Simplify DeFi 📘 retweeted
Part 5 of my deep dive research series will be on COSMOS. Could $ATOM and Cosmos become THE Internet of Blockchains?? 🧵⚛️ 1/
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I just used @DefiLlama's Dex Aggregator Aggregator for the first time. I'm in love. Video 👇 youtu.be/zth_XwV1EpM Thread (Keep Reading)
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Simplify DeFi 📘 retweeted
Part 4 of my deep dive research series will be on UMAMI. Can $UMAMI drive the next wave of institutional adoption into DeFi?? 🧵🍔 1/
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Simplify DeFi 📘 retweeted
The Daily Degen - Sunday, January 1st, 2023 Unlocks, Zombies, Gold, Frenchmen, Wisdom, Videos, + New Protocols! Click below for all important defi/macro alerts/data/news condensed into a quick 5 minute read! 🗞️📺 thedailydegen.substack.com/p… 1/x
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