By far, one of the most interesting Ethereum addresses I've seen is @0x_b1.

It's quite an interesting social experiment as well - a $300m whale starting a Twitter account for fun. Check their bio.

Let's break down the address and see what they are doing with their capital. 👇

0xb1 was created in mid-August, amid the food farming craze.

The address is active every day of the week and consistently makes transactions between 12:00 UTC and 6:00 UTC (sleeps between 7-11).

Likely U.S. based individual or team based on this history.

h/t @nansen_ai
0xb1 is a yield farming beast, to say the least.

It's industrial farming at its best - hundreds of transactions, swapping in and out of the latest yield farms on Ethereum.

Fun fact: the address has spent $111,000 in ether on transaction fees since its inception. Ow.
According to @DeBankDeFi, the address has a current net worth of $280 million, with $381 million in assets or staked assets and $101 million in debt.

Not too sure if this is 100% accurate, as there may be some new farms that it may not capture or represent properly.
99% of this capital is active in yield farms.

Out of the ~$280 million, only ~$250k is naked.

The address has $150 million worth of ETH and WBTC collateral deposited in Compound, which is being used to borrow $80 million worth of stablecoins.

C-ratio scares me a bit.
An additional $38 million is supplied to Aave, most of which is in Chainlink.

Borrowing Ethereum, MANA (for DG farming), SNX, and a few other tokens.

Health factor of 1.34...

December's LINK wick ($12 -> $8) could put this at risk.
The address also has $4m deposited in Aave v2 (health factor of 1.35) and $1.6m in Cream (500% c-ratio).

One interesting bit about 0xb1's Cream balance is the use of ESD as collateral.

Cool to see that new collateral type being used.
Now, where are all these borrowed assets being put to work?

A large portion is in BadgerDAO ($47 million) and Harvest ($30 million).

This address appears to be long BADGER, with $400,000 in BADGER staked, and $1m in BADGER Uniswap LP pools.
0xb1 has $26m in ETH deposited in @AlphaFinanceLab's no-IL ibETH pool. Making a cool $2.6m at current interest levels.

Another $27.5m in Uniswap, mostly in USDC-ETH.

Also $10 million in SushiSwap's Onsen program.
The Alpha Chef is also pretty big on Empty Set Dollar and Dynamic Set Dollar.

$2.7 million in ESD-USDC LP and $550k in the DAO.

$500k in DSD-USDC LP.

No coupons as far as I can tell.
0xb1 has had a few mishaps.

The address holds 3,908,343 GRAIN—the claim token for the @harvest_finance attack. This can be sold for $260,000 assuming no Uniswap slippage.

This means the address lost $3.9 million in the Harvest attack, just over 10% of the total stolen amount.
Another mishap was the Compound DAI liquidation event in November.

DAI/USDC spiked to 1.3 late November, causing the oracle to print an extremely high price, liquidating Compound DAI borrowers.

I think the address lost $1.4 million in the liquidation of its position.
To be fair, this doesn't seem to be a massive concern for 0xb1.

The address earns somewhere in the range of ~$200,000-400,000 each day in yield.
What's most interesting IMO is 0xb1 is becoming an activist investor—or at least an activist farmer.

I'm keeping an eye on @0x_b1. Such a fascinating address - cool that they have a Twitter account as well.

https://t.co/xCohZCQiSb

More from Trading

1/ Feels like a good time to tell the story of how I went from broke to a millionaire to broke again in 2017/18 again...

Yesterday was brutal for some people...

Losing life-changing money sucks, losing any money sucks...you can chase the market or you can change your strategy.

2/ The original thread is gone but you can read it here.

https://t.co/cLLNs75rB0

tl;dr
- Traded $32k to $1.2m
- Thought I was a genius
- Made poor investments
- Didn't conserve capital
- Peaked at 150 BTC
- Lost nearly all of it

2 weeks from losing my house + no income. Oops.

3/ I am going to assume you are in it for the money rather than the tech. Yeah, you might Tweet about the amazing blockchaining of cross-border payments and oracles yadda yadda...really, you are in it to make money.

If you are really in it for the tech, go and build something.

4/ Okay, so if you want to make money, trading is super hard, you are trading against:
- Better traders than you
- People who can move markets
- Unknown information

And if you are trading with leverage you might blow up your account with the volatility.

5/ If you are not trading, you are investing. Okay, so what are you investing in?

I made the decision that the crypto with the best opportunity of existing in 10 years is #Bitcoin:
- Solves a genuine problem
- The right tech
- A proven track record

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MDZS is laden with buddhist references. As a South Asian person, and history buff, it is so interesting to see how Buddhism, which originated from India, migrated, flourished & changed in the context of China. Here's some research (🙏🏼 @starkjeon for CN insight + citations)

1. LWJ’s sword Bichen ‘is likely an abbreviation for the term 躲避红尘 (duǒ bì hóng chén), which can be translated as such: 躲避: shunning or hiding away from 红尘 (worldly affairs; which is a buddhist teaching.) (
https://t.co/zF65W3roJe) (abbrev. TWX)

2. Sandu (三 毒), Jiang Cheng’s sword, refers to the three poisons (triviṣa) in Buddhism; desire (kāma-taṇhā), delusion (bhava-taṇhā) and hatred (vibhava-taṇhā).

These 3 poisons represent the roots of craving (tanha) and are the cause of Dukkha (suffering, pain) and thus result in rebirth.

Interesting that MXTX used this name for one of the characters who suffers, arguably, the worst of these three emotions.

3. The Qian kun purse “乾坤袋 (qián kūn dài) – can be called “Heaven and Earth” Pouch. In Buddhism, Maitreya (मैत्रेय) owns this to store items. It was believed that there was a mythical space inside the bag that could absorb the world.” (TWX)