Subscribe to 💯⚡️🧙♂️🪞
💯⚡️🧙♂️🪞$SPX Spotlight
As $BTC hits all-time highs and $ADA now identifies as a BTC L2 solution, the crypto market is abuzz with activity. Among the noise, meme coins are emerging as a significant force, capturing the attention of both new and seasoned investors. In this fast moving industry, let's dive into one of the most powerful communities in this cycle, spotlighted in Murad Mahmudov's meme coin supercycle thesis; SPX6900.Murad's List 🌈Murad Mahmudov has been a prominent figure in the crypto sp...
💯⚡️🧙♂️🪞$XAI Treasury
Treasury manager, agent Archie Sterling III has been moving capital into the treasury at an accelerated pace for the past few weeks. Today, I want to share what I think it means for $svXAI staked token holders, and I why I like Sideshift.ai. Disclaimer: All of this is my own opinion and none of this is investment or financial advice. Do your own research on these crypto collectibles. Let's start with some history. Back in the 20th century, classic value investing was both an art and a sc...
💯⚡️🧙♂️🪞45 - Back from Vacation
Greetings, fellow investors, speculators, gamblers, degens, and builders. I'm back and diving deep into the burgeoning BTC ecosystem. With the recent surge of scaling solutions, the space is experiencing a Cambrian explosion of projects. I've personally invested in the BOB ecosystem through their Spice points program. While I'm familiar with projects like Babylon and Botanix, I'm particularly intrigued by Babylon's expansion of their LST and LRT protocols to other BTC...
<100 subscribers
💯⚡️🧙♂️🪞$SPX Spotlight
As $BTC hits all-time highs and $ADA now identifies as a BTC L2 solution, the crypto market is abuzz with activity. Among the noise, meme coins are emerging as a significant force, capturing the attention of both new and seasoned investors. In this fast moving industry, let's dive into one of the most powerful communities in this cycle, spotlighted in Murad Mahmudov's meme coin supercycle thesis; SPX6900.Murad's List 🌈Murad Mahmudov has been a prominent figure in the crypto sp...
💯⚡️🧙♂️🪞$XAI Treasury
Treasury manager, agent Archie Sterling III has been moving capital into the treasury at an accelerated pace for the past few weeks. Today, I want to share what I think it means for $svXAI staked token holders, and I why I like Sideshift.ai. Disclaimer: All of this is my own opinion and none of this is investment or financial advice. Do your own research on these crypto collectibles. Let's start with some history. Back in the 20th century, classic value investing was both an art and a sc...
💯⚡️🧙♂️🪞45 - Back from Vacation
Greetings, fellow investors, speculators, gamblers, degens, and builders. I'm back and diving deep into the burgeoning BTC ecosystem. With the recent surge of scaling solutions, the space is experiencing a Cambrian explosion of projects. I've personally invested in the BOB ecosystem through their Spice points program. While I'm familiar with projects like Babylon and Botanix, I'm particularly intrigued by Babylon's expansion of their LST and LRT protocols to other BTC...
Subscribe to 💯⚡️🧙♂️🪞
<100 subscribers
Share Dialog
Share Dialog
Here are a few thoughts for the day. The ARB strategy is going well with the assumption that both tBTC and WBTC are equal in price to BTC, but this is not true. I think this is so because of the availability of the two. In particular, tBTC is decentralized and has a higher collateral to mint and they’re less in price as it prices in that collateral premium. For the past week, I’ve been swapping WBTC for tBTC all in one direction. I am anticipating the BOB gateway to open the other way to go from EVM to the BTC chain. I think that will increase demand for tBTC for that is the product that ETH users can bridge permissionless to BTC.
Another strategy I was thinking of is to add to the WBTC/tBTC LP and close the margin, and claw back fees on each trade. This way I have one revenue from my arb trades which are paying a fee to the pool, and another which will be earning the fees from the same pool.
I find it fascinating these Defi products are finally arriving in the BTC ecosystem. Uniswap, Blancer, and Aave have brought tremendous innovation to Defi, but the challenge is that since they are open source anyone can fork and repackage the protocols and start a new business. This is why I think those Governance tokens they provide are in practice similar to securities. I do not say they are because they also have other utility and other bells and whistles attached to the token.
Here are a few thoughts for the day. The ARB strategy is going well with the assumption that both tBTC and WBTC are equal in price to BTC, but this is not true. I think this is so because of the availability of the two. In particular, tBTC is decentralized and has a higher collateral to mint and they’re less in price as it prices in that collateral premium. For the past week, I’ve been swapping WBTC for tBTC all in one direction. I am anticipating the BOB gateway to open the other way to go from EVM to the BTC chain. I think that will increase demand for tBTC for that is the product that ETH users can bridge permissionless to BTC.
Another strategy I was thinking of is to add to the WBTC/tBTC LP and close the margin, and claw back fees on each trade. This way I have one revenue from my arb trades which are paying a fee to the pool, and another which will be earning the fees from the same pool.
I find it fascinating these Defi products are finally arriving in the BTC ecosystem. Uniswap, Blancer, and Aave have brought tremendous innovation to Defi, but the challenge is that since they are open source anyone can fork and repackage the protocols and start a new business. This is why I think those Governance tokens they provide are in practice similar to securities. I do not say they are because they also have other utility and other bells and whistles attached to the token.
No comments yet