Echo community @tachyonfund. Tweets are my own. Not financial advice.
Joined May 2018
- Tweets842
- Following1.5K
- Followers3.2K
- Likes9.6K
Bullish
and the trend continued over the last 24h, paperstrategy generated $22.2k in staking revenue ready to be deployed into $pstr buybacks and burns
paperstrategy is evolving into an increasingly autonomous system. its strategies self-manage and adapt to papertrade conditions, market volatility and the state of our own treasury
think of it as a self-optimizing accumulation engine: generating paper, managing incoming cash flows, dynamically allocating treasury resources and continuously routing its profits back into its own token through buybacks and burns
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Keep cookin izebel
as papertrade reaches its first month live, what started as a whitepaper continues to be tested at scale in production. today's update is another step towards what i think is the house of the future. i want to extend my sincerest thanks to everyone whos participation has helped make this new primitive possible.
while we continue to take each day one at a time, incentivized composable liquidity is a very exciting design arena. some things we're working on are probably obvious - like the option to pay gas manually to avoid onchain congestion. others well just put out when they're ready.
good luck to us.
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👀
the market dumped over the last 72 hours. BTC −4%, ETH −10%.
over the same 72 hours:
- papertrade stakers earned $2.16M
- paperstrategy earned $48.1k
- our PAPER grew 1.72x faster than total PAPER supply
- 8.3M $PSTR bought back and burned with $21k more to come
paperstrategy is built to get stronger when the market moves, whether it's up or down.
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HypurrXBT retweeted
2 and a half years ago, we dreamed of what general purpose composability along side the most robust source of onchain liquidity should look like.
Today, that is now one massive step closer to reality.
To all builders and traders, welcome to Elysium.
e/acc
HypurrXBT retweeted
Very much slept on imo.
Over the same period, @paperstrategy_ has outpaced PAPER inflation by 3.9x while conserving its treasury.
A few ways to think about it.
First, since @papertrade_xyz announced that PAPER would remain non-transferable, volumes have remained organic. There are clearly users who want to use the product (as much as people hate to believe it).
Both platforms also benefit most when the market sells off, so I see PSTR as a hedge against market sell-offs over time.
But even if you strip out the sell-off-driven spikes since Oct 19th, PaperStrat has been burning an average of $6.3K per day. That annualizes to $2.3M while the token sits at a $1.6M market cap.
And all this is while the platform has seen some of the worst sentiment on the TL. If @izebel_eth ships something meaningful, and he has already posted that they are building in stealth, we could be in for a ride.
To be fair, the risks are:
-A strong rally would likely put the LP in the red, which could be difficult to get out of.
-The PaperStrategy treasury could run out, resulting in further dilution.
It is a game of risk to reward, and I am liking the odds. But yes I also do have bag bias.
papertrade stakers earned $983k in the last 24 hours.
since oct 19 when papertrade announced PAPER would stay non transferable, paperstrategy has:
- earned $205k in staking revenue
- bought back and burned 78.1M $PSTR, 7.8% of the supply
at that pace, the next 2 months would mean another ~$690k in staking revenue.
HypurrXBT retweeted
Hi because you get rinsed by the same KOL grifters who have done it for years and never learn.
I tried calling out Ansem numerous times in the past for promoting micro cap and celeb tokens but gamblers brought him credibility and exit liquidity yet again this cycle.
So why should I care at all?
I am busy with recent incidents like the French bank heist, DPRK, or The Com where my work actually brings measurable impact rather than engagement from calling out known bad actors and saying the obvious.
I think @papertrade_xyz makes a comeback at some point. Refuse to believe @izebel_eth gives up on it. Best way to express this view is probably by aping PSTR @paperstrategy_
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HypurrXBT retweeted
I think all of this stuff is actually very simple tbh.
You act as a billboard for these coins by retweeting, interacting or hosting spaces etc with the celebrity. Then the coins rug and the celeb or Sahil or whoever makes money.
Their plan is obvious: make the coin go up by getting attention to it via you (as you have written and acknowledged, attention is very valuable). Your followers will gamble on stuff that you have mentioned in a hope you’ll mention it again, or that they’ll hit an Iggy-style multiple. And that injection of $ makes it possible for celeb to make 100k or whatever and leave.
And, you have been a proponent of select celebrity coins, which endorses a “meta” even without direct endorsement of some coins — since there is no explainable framework where Iggy’s coin is good but Soulja Boy’s is bad. The only difference is how long they are waiting to sell.
The answer for you is simple: completely stop interacting with these people in public until you have evidence of good faith — which is likely them taking significant financial risk (eg buying a lot of something) rather than taking zero financial risk (eg only selling something).
If you have a large account and a bunch of followers that ape a lot of stuff, unfortunately extractive actors will try to groom you or use you for their own personal gain.
It sucks actually, and it’s almost impossible to entirely defend against without becoming a jaded recluse. But celebrities are at least very easy to avoid.
If they want to “get into crypto” then they should put $ where their mouth is and buy coins like the rest of us do. That’s what being in crypto is. If they don’t want to do that, ask yourself, why would these celebrities want to suddenly be your friend?
