5.despite no liquidity mining incintive out of all of the chains they have the most tvl ( combining tendermint based chains)( well actually just terra beats em all lol…….@stablekwon I love that guy

6. several upgrades are coming to the network including liquid staking which will unlock tons of liquidity……this will allow people who want to support the network to still be able to participate in defi

7. very grass roots community oriented chain and could be considered the “ Father Of Airdrops”

8.could be seen like eth before EIP1559..im not comparing cosmos to eth, im just comparing the catalyst EIP1559 was for for eth. Just imagine if a similar mechanism is implemented on cosmos in addition to every txn fee on ibc going back to cosmos stakers for securing the network

9.hands down has the best ui and user experience

10.and lets throw this in there to for kicks

11. Now these are just a few things to mention with several others on the roadmap but the biggest thing to remember is to invest in people not ponzi’s

12.Now I want to mention the risks and drawbacks

    1. Ibc does not get traction like the other chains with no liquidity mining

13.

    2.it is not and eth clone so you have to set up a different wallet

    3.short term may not have crazy price action without major vcs saying this is the next best thing since sliced bread

14

    4. overtime the network security becoming more centralized (only because didn’t start as POW but you can say this for all of the other POS chains so not a argument specific to cosmos)

15

   5. cosmos is still in its infancy stages so there are alot of moving parts ( I believe in the community and devs so I just see this as growing pains)

16 upgrades to improve the “ATOM” tokenomics do not come to bring value back to the atom coin…… This is essential mainly to the growth of the cosmos hub because it is securing the network but not really to the projects in specific built on tendermint…

17

   6. this is mainly essential to all IBC transactions. ( so basically you can still have all these great chains existing without the atom coin but without the glue all the pieces cannot come together to where 1+1+100)

As always dont for get to say hey to tom for me.........ehhhhhhhh tom IYKYK

1. okay okay, I will make a video on this later but why is convex where it is at......Let me explain So I have a bag of stablecoins, I want the best "reliable" yields where do I go, well some say pizza finance, some say disco swap or even smart coin (go figure must be smart)

2. I decide to deposit on convex because it has the higher tvl and is giving aprs that seem to be more sustainable than others......(I mean other people seem to think it is safe with there money so I dont want to be left out of the party)

3.convex is able to give the higher apr than curve because they take the curve tokens (aka the farming coin) and locks them up to vote on where emissions go.......this is important because nobody wants to deposit into a farm that gives nothin I mean you can just do that at a bank

4. so me depositing my coins in convex will now keep the flywheel going because my curve tokens are now given to convex which lock up the tokens in curve to vote for the emissions to go into the pools that they have.

5. when this happens now the aprs still stay high even with a higher tvl.......Now I know your saying why doesnt curve just give infinite tokens to all the pools......well heres why, The aprs are based on the price and tvl on curve.

6. what do I mean by this well the aprs you see are based on curve price so if the price is $6 and the aprs are 10% well if CRV goes to $3 the apr is now %5. tvl also plays a roll because if there is 1 mil $ in the pool earning 10% and another mil is deposited to = 2 mil

7. now the apr drops to %5 because there is only a certain amount of tokens allocated as rewards to the pool......... I go to say all this because now you see they flywheel taking place, I deposit, you deposit ,we all deposit because when we cooperate we all get higher rewards.

8. where as if I go here and you go there the incentives are broken up between the different pools and protocols..........The Defi 2.0 narrative will involve piggy backing off of one another to make a better defi experience. Now is the time to find great teams and accumulate NFA.

9.These tokens will have power you can look at them like a bank of money if you have a piece of the token you can tell where that money goes........I will make another thread later on this, I know peeps dont like to read that (100000,100000) but its good for the bones.

• The u know what variant going around

• Mega billionaires selling shares of stock-than they have in history

• Major ceos retiring and stepping down

• 9.Jeff Jim bob and Jill screaming wagmi have fun staying poor

• 10.End of the year and most of the markets want to realize gainz

  Just some thunks to myself that I wanted to type out NFA.

1.So what is Akash.......well you can look at it like a decentralized cloud or like AWS but more decentralized.

2.Why is it important to decentralized the cloud.......well this is how the cloud (AWS) works. When you pay for storage at AWS they are storing your data in a central data warehouse as long as this is running no problem.....but when it goes down welllll not so much fun.

3. If everyone is running on AWS what happens when there central server shuts down or is hacked.....(dont say this wont happen it has already happened before)... well what happens is basically most of the internet goes down.

4.You cannot access websites and do most of the "internet things"..... Now you know just one of the problems how does akt solve this, The economy is built around the AKT token you use AKT to pay for cloud services.

5. The users wanting to "farm akt" use a super mini like this.....similar to a helium miner. Gpus will also be implemented this year.

6. Now this is important because now your nodes are distributed into multiple areas and not one central area so one goes down we keep rolling. Now akash is going thru several upgrades and tokenomic revamps that will make the protocol 100x better.

7. This is a little about gregg btw.....Tldr this is what he does @gregosuri gets junk done

https://t.co/ahhhV21UKp

8. Some of the upgrades are going to include having the akt token being burned to make a stable value asset for users to pay for akash services (similar to luna burn). There are additional tokenomic upgrades but this one is the one that is most important because it is creating a

9.more stable cost basis. Here are some other uses as well

10.Now these are cool things but what is the switching cost welllllll ull be shocked its wayyyy less.....ummmm like wtp are you doing using aws......it cost more and its more centralized

11.So how bout some data......well here are some of the leases aka users.

12. Spend

13. I only see this going up NFA.

14.Here are just a few daps that use akash.

15. Now the network is also looking on bringing in cloud storage where as before they needed and additional party......

16. What type of market is akt adressing......well lets just say many billions and counting

17.So whats the marketcap

18. Okay so if it takes just 1% of the 445 bill that would put akts Market cap at least a 13x from here and cloud compute will only be taking more and more marketshare so you do the math

19.Now what are the drawbacks and why is it not taking off so fast.....well first inflationary tokenomics were plaguing the token price.......they have now been changed and will be deflationary.

20. Now it is a "higher barrier to entry" for non native crypto users. They dont trust crypto even tho much easier they do not want to change. This is the first obstacle.

21. The second why change what works.......for now.....People are lazy

22. a better competitor may come along and take marketshare.

23. Well we dont use the internet anymore.....dont see this as likely but is def possible

24. Tooo lazy to read here is a video you can watch

https://t.co/Jd6kullB1f