BC FINANCE
Saved by @Mollyycolllinss

1) Getting Alpha on your $alpha. Why it's my biggest gamble.

Many may think that the product @AlphaFinanceLab = Alpha Homora, but that would be akin to saying Adobe Photoshop is Adobe.

 2) Alpha aims to be a suite of #DeFi products that looks for market opportunities in DeFi by solving its problems. They will identify a problem and then build quick to be the first mover.
3) Alpha Homora (leveraged yield farming) happens to be the first. Heck Homora could very well turn out to be its Adobe Prelude and we haven't even gotten to its flagship Photoshop yet.
4) In this thread I will focus on it's upcoming project AlphaX (beta testnet round2), because people are already familiar with Alpha Homora.
5) Here are 2 great threads if you want to look into Alpha Homora more in depth:

V2 overview - https://t.co/srsWaDoCyH

Ironbank (capital efficient lending) integration with @creamdotfinance $cream - https://t.co/j7gzAc8CTE
6) Before I delve into AlphaX a disclaimer that this is after preliminary research and if I am mistaken about anything, please correct me.

AlphaX is a decentralized, non-orderbook perpetual swap trading market. Quite a mouthful.
7) Decentralized (you own your keys) non-orderbook (you're not interacting with a buyer when you're selling and vice versa) perpetual (this contract doesn't have an expiration date, it lasts forever) trading market (trading market).
8) To keep things simple, unlike other futures (puts and calls), which have settlement dates, a perpetual contract -- as the name suggests -- lasts forever. So they are very much like buying SPOT. However you do not hold the underlying token.
9) Perps keep pegged to the underlying asset through a funding rate. At reg intervals either the LONG/SHORT side of the trade pays the other (the less popular side) a premium (grows the further away its from SPOT) to give incentive for the less popular side to be more popular.
10) So over time if you're on the popular side, you'll be paying quite a bit the longer you stay in and the more popular the side you're on is.
11) AlphaX's 1st unique selling point:

It doesn't matter how long you hold it for -- even if you're on the popular side -- there is no funding rate.
12) Instead it's baked into the buy and sell price. So it only matters WHEN you buy or sell. The premium or discount at the buy and sell price provides the incentive/disincentive to bring the price closer to the asset's spot price.
13) This makes for much easier simplification and a lot less babysitting. You only need to pay attention to WHEN you buy and sell instead of every 8 hours or every day (or whatever the funding payment occurs for the exchange you're on)
14) The second advantage of AlphaX and I believe more exciting is tokenizing the perp as an ERC-20 token. You don't have to open it on AlphaX. After anyone does, they can trade it on any secondary market (@UniswapProtocol @SushiSwap).
15) So u can hold a leveraged perpetual token OF a token, not have to worry or think about funding rates & trade in & out of it on popular DEXES & only look at its current price to make your decision. Imagine buying a baked in leveraged token of $btc easily on uniswap.
16) Keep in mind the increased risk, b/c unlike spot, there is a price where your token is liquidated & becomes worthless.

That liquidation price is clearly written in the token name and it's closer and closer to current SPOT price the higher you choose to leverage.
17) AlphaX's products will reach more people because it leverages @ethereum's money legos.

You don't need to log into AlphaX or Perpetual Protocol or Injective protocol. The Total Available Market or demand for the product is tapped into the DEX market size.
18) I always mess up writing these threads. here's the last two parts.

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1/

Get a cup of coffee.

In this thread, we'll cover *State Quantities* and *Flow Quantities*.

This mental model can help us analyze many different entities -- from complex engineering systems to publicly traded companies.


2/

A "State Quantity" is something that's associated with a *specific point in time*.

For example, the number of followers a Twitter account has is a state quantity. This number can go up and down over time. But at any one *specific* time point, it's fixed.

3/

Similarly, the amount of cash a company has is a state quantity.

This cash balance can also rise and fall over time.

But pick any one *specific* time point -- and the company can only have one *specific* cash balance at that time point.

4/

By contrast, a "Flow Quantity" is something that's associated with a time *interval* rather than a time *point*.

For example, the number of followers gained by a Twitter account is a flow quantity. It's meaningful only when we specify a time interval (eg, the last 30 days).

5/

A simple analogy is that a State Quantity is like a photo -- a snapshot at a particular *point* in time.

But a Flow Quantity is like a video -- a record of events that take place during a particular time *interval*.
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Dave Nemetz
Dave Nemetz
@davenemetz
1/ A lot of people ask me how Bleacher Report found our first writers when we were tiny and had no funding.

So here's a thread on all the things we tried, what worked best, and lessons on growing a community from scratch:

2/ When we first started B/R, all the articles were written by my co-founders, our friends, and me.

This led to some hilariously bad takes. Like this article where I panned the SF Giants for drafting future World Series MVP Madison Bumgarner.

3/ When we were ready to start building our community, we started with word of mouth. We drafted an email pitching our concept. It went out to everyone we knew, asking them to share it with anyone who would be interested.

This got us maybe a few dozen signups.

From the email:


4/ With only a handful of members, we needed to make the community feel more active.

So we faked it til we made it.

Our team created multiple accounts and posted using different fake names. This created the sense of more activity and encouraged new members to join in.

5/ Later, I learned that the founders of Reddit did the same thing early on.

Sometimes the solution to the "chicken and the egg" problem of building community is to create the illusion of more chickens (or
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Private Chad
Private Chad
@Privatechad_
My Chads, institutions and retail are entering the DeFi space at unprecedented volume. One of the key primitives in DeFi will be the securitization and tranching of DeFi and is still massively undervalued. Enter https://t.co/Gx4H3hIzNg ( $SFI ).

Don't worry, let me ELI5.

1/ Alright so securitization and tranching, that's a mouthful. 👅💦

Let's take a step back. If you look at any financial activity within DeFi, whether it is yield farming, lending or liquidity providing, there are risks involved.

2/ As an honest farmer / liquidity provider, the rewards are yield, and the risk is losing your funds due to e.g. smart contract risk and (potentially) IL.

As an honest lender, the rewards are interest, and risk is default of the borrower.

3/ 99% of the current retail participants don't use portfolio risk management in their DeFi activities. We farm a bit, IL a bit, loan and borrow a bit and hope we make gains at the end of the day. For institutions, portfolio management is much different.

4/ The problem for institutions to enter such DeFi activities as yield farming, liquidity providing and lending/borrowing, is that it's inherently risky and not quantifiable with variable rewards. We early adopters don't mind this risk, but this prevents adoption by institutions.
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Simon Barnett
Simon Barnett
@sbarnettARK
Anyone have any opinions on how self-insured employers consider innovative healthcare offerings to pass on to their employees?

As I understand it, by shouldering the financial risk, self-insured employers can curate a list of more relevant benefits ... (1/10)

... thereby avoiding paying out lofty insurance premiums for services that its employees don't use or want. There seems to be a long list of intangible benefits having to do with talent acquisition and retention, but I'd like to understand the cost equations more fully. (2/10)

In the context of multi-cancer screening, I'm skeptical that it could be cost-saving for small or medium-sized employers (<500 employees). Assuming a representative sample of the population, there are simply too few cancers and too many false positives w/ expensive ... (3/10)

... diagnostic follow-ups to bend the unit-economics in the right direction. Indeed, for larger self-insured employers, maybe on the order of thousands of employees, the dynamics may change. Each true positive is a chance to save on treatment cost and (possibly) to ... (4/10)

... extend life. However, employers won't likely be able to distinguish between true life-extension and lead-time bias without prospective, randomized studies, which are due out in the 2024-25 timeframe. Still, these likely will include interim endpoints only. (5/10)
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Barsee
Barsee
@heyBarsee
This took me 6 years to learn, I'll teach you in 2 minutes.

23 sentences that'll make you more money than a $40,997 business degree:

1. Irresistible offer - Desirable outcome + proof + scarcity + urgency + guarantee + bonuses

2. Join the most expensive gym in your city. one connection will pay for it many times over - jk

3. If you keep waiting for the “right time” you will keep wasting all of your time.

4. Don't be cheap with: doctors, lawyers and tax advisors

5. Give yourself 3 days to do it and it'll take 3 days.

Give yourself 3 hours to do it and it'll take 3 hours.

6. Send a physical gift to customers and everyone who's worked with you for more than 3 months

7. Your customer's fear of loss is more powerful than their desire for gain.
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