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
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. 👇
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
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.
Not too sure if this is 100% accurate, as there may be some new farms that it may not capture or represent properly.
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.
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.
One interesting bit about 0xb1's Cream balance is the use of ESD as collateral.
Cool to see that new collateral type being used.
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.
Another $27.5m in Uniswap, mostly in USDC-ETH.
Also $10 million in SushiSwap's Onsen program.
$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.
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.
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.
The address earns somewhere in the range of ~$200,000-400,000 each day in yield.
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
We look forward to seeing what's in store for @Keeper_DAO -- this space is ripening....https://t.co/Ab0bYlNEhO
— 0xB1AdceddB2941033a090dD166a462fe1c2029484 (@0x_b1) December 29, 2020
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1/ Some initial thoughts on personal moats:
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.