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💯⚡️🧙♂️🪞$SPX Spotlight
As $BTC hits all-time highs and $ADA now identifies as a BTC L2 solution, the crypto market is abuzz with activity. Among the noise, meme coins are emerging as a significant force, capturing the attention of both new and seasoned investors. In this fast moving industry, let's dive into one of the most powerful communities in this cycle, spotlighted in Murad Mahmudov's meme coin supercycle thesis; SPX6900.Murad's List 🌈Murad Mahmudov has been a prominent figure in the crypto sp...
💯⚡️🧙♂️🪞45 - Back from Vacation
Greetings, fellow investors, speculators, gamblers, degens, and builders. I'm back and diving deep into the burgeoning BTC ecosystem. With the recent surge of scaling solutions, the space is experiencing a Cambrian explosion of projects. I've personally invested in the BOB ecosystem through their Spice points program. While I'm familiar with projects like Babylon and Botanix, I'm particularly intrigued by Babylon's expansion of their LST and LRT protocols to other BTC...
💯⚡️🧙♂️🪞$VVV Spotlight
A common speculation in innovation today is the crossroads of crypto and AI. In December 2024, at the peak of recent market participation, many projects launched as little more than chatbots with a tokens sharing the same name. Yet, a few stood out with promise. Take AgentXBT ($AGXBT), for instance, which uses its token as a paywall to access its model—holding the token grants users access to prompt the AI. 🌁 Today, I want to highlight Venice.ai’s $VVV token, now enabled on Sideshift.ai. Use...
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💯⚡️🧙♂️🪞$SPX Spotlight
As $BTC hits all-time highs and $ADA now identifies as a BTC L2 solution, the crypto market is abuzz with activity. Among the noise, meme coins are emerging as a significant force, capturing the attention of both new and seasoned investors. In this fast moving industry, let's dive into one of the most powerful communities in this cycle, spotlighted in Murad Mahmudov's meme coin supercycle thesis; SPX6900.Murad's List 🌈Murad Mahmudov has been a prominent figure in the crypto sp...
💯⚡️🧙♂️🪞45 - Back from Vacation
Greetings, fellow investors, speculators, gamblers, degens, and builders. I'm back and diving deep into the burgeoning BTC ecosystem. With the recent surge of scaling solutions, the space is experiencing a Cambrian explosion of projects. I've personally invested in the BOB ecosystem through their Spice points program. While I'm familiar with projects like Babylon and Botanix, I'm particularly intrigued by Babylon's expansion of their LST and LRT protocols to other BTC...
💯⚡️🧙♂️🪞$VVV Spotlight
A common speculation in innovation today is the crossroads of crypto and AI. In December 2024, at the peak of recent market participation, many projects launched as little more than chatbots with a tokens sharing the same name. Yet, a few stood out with promise. Take AgentXBT ($AGXBT), for instance, which uses its token as a paywall to access its model—holding the token grants users access to prompt the AI. 🌁 Today, I want to highlight Venice.ai’s $VVV token, now enabled on Sideshift.ai. Use...
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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.
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