Native_0xCan you run a profitable delta-neutral strategy fully on-chain using perpetuals?
The perpetual futures exchange landscape has been exploding in recent months across crypto and as a trader we now have different chains and product experiences that we can explore and hopefully profit from. Core to this recent expansion in derivatives exchanges more broadly has been the increasing adoption of L2’s across Ethereum. Whether it’s protocols in testnet built on Starknet still such as ZKX protocol and RabbitX or protocols that are live and doing serious volume such as GMX, Kwenta a...
Native_0xMonday musings
I’m out of office in Barbados with the gf and family. Checking back in next week. Follow me here: Twitter: https://twitter.com/Native_0x Lens: https://lenster.xyz/u/native_0x.lens Farcaster: Native0x
Native_0xCan you run a profitable delta-neutral strategy fully on-chain using perpetuals?
The perpetual futures exchange landscape has been exploding in recent months across crypto and as a trader we now have different chains and product experiences that we can explore and hopefully profit from. Core to this recent expansion in derivatives exchanges more broadly has been the increasing adoption of L2’s across Ethereum. Whether it’s protocols in testnet built on Starknet still such as ZKX protocol and RabbitX or protocols that are live and doing serious volume such as GMX, Kwenta a...
Native_0xMonday musings
I’m out of office in Barbados with the gf and family. Checking back in next week. Follow me here: Twitter: https://twitter.com/Native_0x Lens: https://lenster.xyz/u/native_0x.lens Farcaster: Native0x
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Each Monday of the week I highlight the most exciting projects, news and data that has caught my attention. Not another newsletter I hear you cry…. but I promise to try and focus on lesser well known projects, founders or the like. The dominant narrative will be crypto with a wider macro lens but I’m not immune to spotlighting other notable technology developments within the last week.
Follow me here:
Twitter: https://twitter.com/Native_0x
Lens: https://lenster.xyz/u/native_0x.lens
Farcaster: Native0x
GM from snowy London. We don’t get it often here so it’s pretty exciting to me and makes me want to go skiing/snowboarding. Not sure London has the best slopes though…
It’s not hard to find the content for these posts, there’s always so much happening in every corner of the crypto markets. I was around during the 2018/19 bear market and this is very different!
Macro / non crypto
This week all eyes are on Tuesday’s CPI’s data. Are J Powell and friends rate rises killing inflation? tune in tomorrow at 8:30 Eastern to find out….
Did Elon solve Twitter’s bot problem?
Maybe his focus on elite level engineering talent isn’t looking so stupid now?
Oaktree share their year-end reading recommendations. Whether you’re taking some time off in your respective homeland or you’re away on holidays and have some down time this is an excellent list covering a plethora of genres and disciplines.
Crypto
The StarkNet ecosystem is coming to life. Starknet id went live on 7th Dec on Mainnet. I got a bit trigger happy and minted a few domains but my main one is native0x.stark!
Certain NFT’s are weathering the current crypto climate better than some of their fungible brethren. Who would have known that Pudgy Penguins were the ultimate hedge in this brutal bear market? The floor price of these cute little penguins touched 5 ETH last week before retracing slightly. I’m biased given I own a few but the community Luca Netz and team have built is a great blueprint for others to follow!
In other NFT related news we had the Blur airdrop 2 release as well as the announcement of a 3rd and final airdrop in January 2023 and the launch of the $BLUR governance token. NFT volumes continue to tick along in this market and BLUR (orange line below) has taken significant volume from the market since early November. How much of this is mercenary token farming vs organic demand? we will find out in the new year I guess. Token incentives and user behaviour will be the topic of a longer form post as that’s a story for another day. For now, Blur seems to have brought much needed liquidity to the NFT market (see tweet below). Maybe this killer feature is enough to cement itself as a future NFT infrastructure leader?
12.12.2022 — Neon EVM goes live bring the first EVM to Solana. Ethereum-based applications will now have access to Solana’s scalability and liquidity without any changes to their codebase. Notable Ethereum-based projects starting to build on Neon include Aave and Curve Finance. A much welcome bullish development for Solana fans!
Protocols I’m using this week
Voltz is a crypto native interest rate protocol that seeks to bring this quadrillion (yes that’s $1,000 trillion) market to DeFi. These financial derivatives exist in TradFi to enable corporates, banks, sovereigns etc manage their debt servicing costs and obligations. Simply put, interest rate swaps allow two entities the ability to ‘swap’ one interest rate payment for another (usually a fixed interest rate for a variable or vice versa). There’s a few notable interest rate protocols building to bring this essential financial pillar on to crypto native rails and much of the exciting work has gone under the radar. My view is that there is mix of reasons for this, from complexity and understanding of interest rate swaps through to a very young debt finance ecosystem in crypto i.e. DAO’s primarily fund growth through token incentives vs debt finance. As the crypto ecosystem matures however I believe interest rate swap protocols will play as pivotal role in crypto as they do in TradFi. I’ve been an earlier supporter, contributor and tester of the Voltz protocol and one thing they have done which sets them above the competition in my opinion is they seek to remove much of the complexity away for the user. As a crypto native, there’s a few core use cases that projects like this can solve for me, namely elevated potential APY returns in a bear market.
Non sponsored content, just a good product. Find the below and similar vaults under their ‘LP Optimiser’ here.
Continuing our debt market focus, I want to highlight a project I was sad to see shut down and now am excited to see has been reborn. Arbor finance (previously Porter Finance) **has been resurrected by three of the core team members to bring on-chain debt to DAOs. In an extension of the importance highlighted above about interest rate swaps, 2021 and the years prior saw increasingly dilutive token issuance to bootstrap growth and drive adoption. While the merits of this are debated, a mature and growing crypto ecosystem needs other methods to finance growth. See the tweet thread here for a good overview from the team. Their recent bond auction with ShapeShift has gone live today and is live until 21 December.
Terms:
✅ 20% Max APY
✅ 1-year duration
✅ 250% Collateral in $FOX
✅ Min. Deposit is $500.
Pretty cool if you ask me…..
That’s it for another Monday musings. Peace out and have a good week fam.
Disclaimer
The Content in this and all Monday musing posts is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. I may hold positions in assets mentioned. Nothing contained in these posts constitutes a solicitation, recommendation, endorsement, or offer by the author or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. The author is not a fiduciary by virtue of any person’s use of or access to the Site or Content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the Site before making any decisions based on such information or other Content. In exchange for using the Site, you agree not to hold the author, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other Content made available to you through the Site.
Each Monday of the week I highlight the most exciting projects, news and data that has caught my attention. Not another newsletter I hear you cry…. but I promise to try and focus on lesser well known projects, founders or the like. The dominant narrative will be crypto with a wider macro lens but I’m not immune to spotlighting other notable technology developments within the last week.
Follow me here:
Twitter: https://twitter.com/Native_0x
Lens: https://lenster.xyz/u/native_0x.lens
Farcaster: Native0x
GM from snowy London. We don’t get it often here so it’s pretty exciting to me and makes me want to go skiing/snowboarding. Not sure London has the best slopes though…
It’s not hard to find the content for these posts, there’s always so much happening in every corner of the crypto markets. I was around during the 2018/19 bear market and this is very different!
Macro / non crypto
This week all eyes are on Tuesday’s CPI’s data. Are J Powell and friends rate rises killing inflation? tune in tomorrow at 8:30 Eastern to find out….
Did Elon solve Twitter’s bot problem?
Maybe his focus on elite level engineering talent isn’t looking so stupid now?
Oaktree share their year-end reading recommendations. Whether you’re taking some time off in your respective homeland or you’re away on holidays and have some down time this is an excellent list covering a plethora of genres and disciplines.
Crypto
The StarkNet ecosystem is coming to life. Starknet id went live on 7th Dec on Mainnet. I got a bit trigger happy and minted a few domains but my main one is native0x.stark!
Certain NFT’s are weathering the current crypto climate better than some of their fungible brethren. Who would have known that Pudgy Penguins were the ultimate hedge in this brutal bear market? The floor price of these cute little penguins touched 5 ETH last week before retracing slightly. I’m biased given I own a few but the community Luca Netz and team have built is a great blueprint for others to follow!
In other NFT related news we had the Blur airdrop 2 release as well as the announcement of a 3rd and final airdrop in January 2023 and the launch of the $BLUR governance token. NFT volumes continue to tick along in this market and BLUR (orange line below) has taken significant volume from the market since early November. How much of this is mercenary token farming vs organic demand? we will find out in the new year I guess. Token incentives and user behaviour will be the topic of a longer form post as that’s a story for another day. For now, Blur seems to have brought much needed liquidity to the NFT market (see tweet below). Maybe this killer feature is enough to cement itself as a future NFT infrastructure leader?
12.12.2022 — Neon EVM goes live bring the first EVM to Solana. Ethereum-based applications will now have access to Solana’s scalability and liquidity without any changes to their codebase. Notable Ethereum-based projects starting to build on Neon include Aave and Curve Finance. A much welcome bullish development for Solana fans!
Protocols I’m using this week
Voltz is a crypto native interest rate protocol that seeks to bring this quadrillion (yes that’s $1,000 trillion) market to DeFi. These financial derivatives exist in TradFi to enable corporates, banks, sovereigns etc manage their debt servicing costs and obligations. Simply put, interest rate swaps allow two entities the ability to ‘swap’ one interest rate payment for another (usually a fixed interest rate for a variable or vice versa). There’s a few notable interest rate protocols building to bring this essential financial pillar on to crypto native rails and much of the exciting work has gone under the radar. My view is that there is mix of reasons for this, from complexity and understanding of interest rate swaps through to a very young debt finance ecosystem in crypto i.e. DAO’s primarily fund growth through token incentives vs debt finance. As the crypto ecosystem matures however I believe interest rate swap protocols will play as pivotal role in crypto as they do in TradFi. I’ve been an earlier supporter, contributor and tester of the Voltz protocol and one thing they have done which sets them above the competition in my opinion is they seek to remove much of the complexity away for the user. As a crypto native, there’s a few core use cases that projects like this can solve for me, namely elevated potential APY returns in a bear market.
Non sponsored content, just a good product. Find the below and similar vaults under their ‘LP Optimiser’ here.
Continuing our debt market focus, I want to highlight a project I was sad to see shut down and now am excited to see has been reborn. Arbor finance (previously Porter Finance) **has been resurrected by three of the core team members to bring on-chain debt to DAOs. In an extension of the importance highlighted above about interest rate swaps, 2021 and the years prior saw increasingly dilutive token issuance to bootstrap growth and drive adoption. While the merits of this are debated, a mature and growing crypto ecosystem needs other methods to finance growth. See the tweet thread here for a good overview from the team. Their recent bond auction with ShapeShift has gone live today and is live until 21 December.
Terms:
✅ 20% Max APY
✅ 1-year duration
✅ 250% Collateral in $FOX
✅ Min. Deposit is $500.
Pretty cool if you ask me…..
That’s it for another Monday musings. Peace out and have a good week fam.
Disclaimer
The Content in this and all Monday musing posts is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. I may hold positions in assets mentioned. Nothing contained in these posts constitutes a solicitation, recommendation, endorsement, or offer by the author or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. The author is not a fiduciary by virtue of any person’s use of or access to the Site or Content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the Site before making any decisions based on such information or other Content. In exchange for using the Site, you agree not to hold the author, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other Content made available to you through the Site.
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