🧵🧵🧵APY🧵🧵🧵
I spent my afternoon combing through 5,510 sources of yield data from @DefiLlama so you won't have to🤓

Aim : find a safe stable yield farm to park $100k

I used *base yield* and not the combined yield to look for protocols that offer #realyield

Started filtering out sources first with their ML-based yield prediction column.
1. Low/No confidence filtered
5,510 👉 2,693
2. Base-rate higher than the risk-free rate : 5%
2,693 👉 327 (YUGE drop)

Since the deposit amount is 100k, the pool will have to needs to be large enough that a deposit doesn't dilute the yield
3. Filter : TVL > $400k
327 👉 130
Finally a bit more comprehensible now...

Also mapped the chain to the shape

What chains are the best yields on?

ETHEREUM
Highlighting ETH shows a bunch of UNIv2 and v3 pairs
- Coins incl. $LDO $FOLD $WAIT $ENS
As well as pools from @BadgerDAO @SushiSwap @AngleProtocol
@goldfinch_fi also displaying massive TVL and decent APYs at 7.8%

ARBITRUM
$GMX's GLP boasts the highest TVL and an impressive 16.2% APY
The UNIv3 ETH-GMX pair also currently yields a fairly high 23%

OPTIMISM
Yields aren't as competitive as its L2 brother, but there are some opportunities like the $LYRA pair

You're going to get wrecked if you don't understand Tokenomics.

But what IS Tokenomics and what should you watch out for?

Here's everything you need to know about Tokenomics:

(+ a free Tokenomics checklist)

What I'll be covering today:

• What is Tokenomics?
• Evaluating through Supply, Demand, and Incentives
• Tokenomics examples
• Free Tokenomics Checklist

Let's level up!

What IS Tokenomics?

Tokenomics studies the factors that drive the demand for tokens.

It includes:

• math
• supply vs. demand
• incentives
• value accrual
• Human behavior & game theory

Tokenomics = Tokens + Econonmics

Some of my worst investments were because I didn't understand Tokenomics.

• The tokens were inflationary without enough utility.

• Concentration of tokens by VCs & whales led to retail getting dumped on.

Studying Tokenomics will help improve your crypto investments.

The easiest lens to start with Tokenomics is understanding Supply and Demand.

There are 10k @BoredApeYC out there with a floor price of 111 ETH.

What would happen if the supply DOUBLED and there are now 20k apes?

The price would crash due to more supply.

Scarcity is good.

What happened to $UST and $LUNA?

A long thread that looks at what happened in the last 4 days

/1

It all started with a massive sell-off on Curve. There was an $85 million UST-to-USDC swap that had the 3-pool slightly out of imbalance.

To put the Curve pool back into balance 50,000 $ETH was sold, and another 20,000 $ETH was sent to Binance.

/2

Next, rumors about what happening is spreading quickly on Twitter.

This leads to a $2B withdrawal of $UST on Anchor.

Now the peg is moving between 0.987-0.995.

However, the first defense is successful. But the peg never fully recovered.

/3

Before we deep dive into the rest of the story, let's take a look at 4 factors that were in place to make sure that the attackers would succeed:

1) The attackers borrowed 100,000 $BTC from Gemini (which they short)

4/

2) The attackers make a $1B $UST deal OTC

3) LFG (Luna Foundation Guard) is buying $BTC in March and April as a defense mechanism to protect the peg

4) The announcement of the switch from the 3-pool to the 4-pool

5/

Alright, I did it so you don't have to.

Here's a thread on what Biden's executive order sets out for the industry.

And what that might might mean for crypto investors like you and me.

🧵

First of all, it's important to touch on what this executive order does.

When people think: 'executive order,' they think there will be an immediate change.

With this one, not so much.

No direct action will be taken from this order, at least yet.

It only lays out a process and series of deadlines for an interagency team to write framework around digital assets in 6 different, broad, categories.

This will culminate in report delivered to the president.

Noteworthy:

The very first paragraph seems to take an optimistic tone on crypto and crypto markets, citing:

• Dramatic growth
• Total crypto market cap
• CBDCs

Seems like a promising way to start the report.

There are six categories of 'objectives' set out by the executive order.

These are the objectives that the report (to be delivered to the president) will address.

Real wealth is created during bear markets.

But no one shares practical advice other than "buy the dip".

Here's your playbook to make the most out of a bear market:

(+ a few sample portfolios)

Your job is to survive.

You can't reap the rewards of the next bull cycle if you fuck it up during this bear market.

Defense wins championships.

Crypto will break ATHs again, but not all projects will make it. That's why it's important to position yourself correctly.

A few Sample portfolios for the bear market:

• Figure out your balance: stables, low risk, medium risk, & high-risk plays.

• Then decide on Projects.

I created a few sample portfolios for you to look at.

(education, not financial advice 😏)

I recommend Alt Layer 1's - they are the best risk vs reward ratios now.

• 🔥: ETH / AVAX / TERRA / FTM / COSMOS

• 👍: CRO / SCRT / NEAR / METIS

• 👎: ADA / SOL / BNB / DOT

Don't get salty if I don't like your coin - Invest in whatever you want.

Stay away from higher-risk plays for now.

I love ape'ing into shitcoins but now's NOT the time.

My 2017 classmates remember why.

These smaller-cap plays might be dead by the time the market recovers.

Blue chips have more funding & adoption.

Safe now - Ape later.

Who is leading ~$1m-$1.5m fintech pre-seed rounds these days?

In before someone tags @iamjakestream and @pitdesi

The best startups test new ideas rapidly and inexpensively.

Over-commitment to a losing idea can be devastating.

A tactical approach to finding winners: 🧵

With limited financial & human capital, ideation and testing require efficiency.

Startups don't have unlimited resources to waste pursuing ideas that aren't winners.

Don't launch products or features without some certainties.

(Or strong supporting data)

But how?

Ask the market its opinion BEFORE creating.

Most founders falsely assume products need to be created, then demand tested.

Knowing speed is everything, the best startups reverse this process:

Test, then create.

⬇️ ⬇️ ⬇️

1. Landing page

When an idea is deemed worthy of testing:

Use WordPress, Webflow, or Carrd to mock up a landing page for the idea.

This should take 1 day, and insinuate the product is ready or will soon be ready for purchase.

It's not disingenuous, it's market research.

2. Call to action

With a well-designed landing page, make it conversion-ready with a strong CTA.

The CTA should request the visitor purchase, enroll or sign up.

Once the CTA is clicked/completed, let prospects know that the product/service is "coming soon."

As a first-time founder, how do you know:

- When to raise?
- How much to raise?

Milestones are a good tool to plan, size, and time your raise to investors and to sound smarter talking to investors.

Here's how: 🧵

The general idea is this:

- Think of your startup's journey as a timeline with a series of "signposts"
- When you’re operating in between two signposts, focus on driving progress to the next one
- Raise capital at signposts
- Communicate your plans to investors using signposts

First, what are startup milestones?

-- Milestones are specific, quantifiable, time-bound achievements that mark future targets on your startup's planned growth journey ("timeline").

*Not* a list of strategically-neutral, unrelated events happening in a vague future.

Milestones are critical for startups because they're important valuation "inflection points".

As you hit them, your startup's valuation floor goes up.

Early-stage investors are heavily influenced by patterns, and thinking in milestones is a great way to use that in your favour.

Investors care about 4 broad types of milestones:

1. Hiring (or attracting) key people
2. Product launches/upgrades (driving an increase in the rate of customer acquisition)
3. Market validation (customer/revenue thresholds)
4. Fundraising momentum (commitments during a round)

Live with purpose, reach your potential, and master your mindset...

19 of life's secret weapons: 🧵

What's a "secret weapon?"

In this context, I'm referring to lessons I've learned that have had an outsized impact on my life.

And I bet they will for you too.

Let's dive in 👇

1/ It’s never about the tools.

It’s about how you use them.

The best baseball players will hit my fastball no matter what bats they use.

The best marketers will succeed no matter what tech stack they choose.

Stop looking for a magic wand and start mastering the basics.

2/ When you commit to something, be all in.

It’s either a "hell yes" or a "no thank you."

Be deliberate with how you spend your time. It's the most precious asset.

h/t @dklineii

3/ Get skin in the game.

Want to learn something? Do it.

You can read every book on the fundamentals of writing.

But you won't truly learn anything until you start writing and publishing.

Investors: when looking at early-stage deals, what’s a 🚩🚩🚩 that results in you passing?

7 courses to understand crypto, launch your first NFTs, and break into product management:

NFT Digital Artist Economy by @mintfaced

You’ll learn to:
- Digitally mint art
- Create your first tradeable art show
- Set prices & royalties

App deadline: 3/10

The 2nd Act Solution by @jameshull

You’ll learn to:
- Analyze what makes stories successful
- Maintain tension
- Write prolifically & finish what you start

App deadline: 3/17

Writing Accelerator by @evti

You’ll learn to:
- Create a content engine
- Be consistent
- Build a loyal audience

Enrollment deadline: 3/21

Fundamentals of Bitcoin & Crypto by @APompliano

You’ll learn to:
- Understand the significance of Bitcoin
- Work in the decentralized world
- Network & interview in the industry

App deadline: 3/22

Today I celebrate some amazing #NFTartist in Nigeria

These Artists are so good!!!
& they deserve all the attention

I only know a few & I'd love to connect with others

Kindly retweet and tag them to this thread so we can all connect with each other 🙏🏽
#NFTCommmunity #nftart

@okeogheneariama @AkpomedayeT @aishaomoniyi @FotoNugget @Shutabug @Dede_soumi @305kore @nazquiat @damn_essie @itsTemiOG @yinkaart @Dejidcreator @mayorsdesk13 @awelewacharles_ @Art_ofyomi

@kelsenarts @Temidayojohnson @artbykamba @favor_leo @Omoiyaeleja_ @phil_heal

Please tag more artists, let's follow & connect with each other

I'm helping @theSamParr and @gaganbiyani run Ideation Bootcamp.

Its primary goal: To teach people to spot and research scalable and viable product ideas that can grow to $100 million.

We're live with our first session now and I'll be live-tweeting my learnings below:

1/ On Ikigai

Because of Hustle Con, @myfirstmilpod, Sam's network.

He's seen behind the scenes of hundreds of businesses.

You don't NEED to love what you do, but having a sense of purpose certainly helps.

It removes a lot of luck and pain.

2/ On Starting Small

The key is to start small.

A small but intense fire is the goal.

Vision is thinking about a big, motivating goal. The future.

Execution is the early days, which are minuscule and just a fraction of the vision.

Think about both. They guide one another.

3/ On Inflections

Really big startups are often accompanied by inflection points.

Events or culture shifts that poured gas on the fire of their product.

Examples:

• Twitter + Rise of iPhone
• Bitcoin + Financial Situation of 2012

4/ Types of Inflections:

- Adoption Inflections
- Belief Inflections
- Regulatory Inflections
- Market/Technology Inflections

Inflections should be understood even before markets.
Entrepreneurs who live in the present tend to make the mistake of starting with the market first.

I have a $100,000 business degree.

But I've learned 10x more by reading books.

10 business books that will change your life:

Getting to Yes by Roger Fisher

Lessons:
• You can negotiate anything you want.
• The best negotiation tactic is to first offer the other side something they want.

Drive by Daniel Pink

Lessons:
• Money alone isn't enough to motivate us.
• We are most motivated when we can also achieve control and freedom.

The Almanack of Naval Ravikant by Eric Jorgenson

Lessons:
• The most effective way to get rich is to learn how to build and sell a product.
• The only real test of intelligence is if you get what you want out of life.

Atomic Habits by James Clear

Lessons:
• Habits compound to produce huge results.
• The best way to build habits is to make them easy, attractive and rewarding.

Why Russia will lose this war?

Much of the "realist" discourse is about accepting Putin's victory, cuz it's *guaranteed*. But how do we know it is?

I'll argue that analysts 1) overrate Russian army 2) underrate Ukrainian one 3) misunderstand Russian strategy & political goals🧵

Consider a timely paper on Russian army by Bismarck Analysis. It's good & informative. It's correct on its land-based and artillery-centric character. It's also correct that Minister of Defence Serdyukov greatly increased army's efficiency in 2007-2012. But it's still misleading

Yes, Minister Serdyukov indeed reformed the army. He increased its efficiency, fought with corrupt and crony armament producers improving the army supplies. As a result he became extremely unpopular, made tons of powerful enemies and was ousted in 2012 losing his power and status

His successor Shoygu knew better than that. Now who's Shoygu? Shoygu is the *only* single Russian minister who uninterruptedly worked in government since 1991, since the very beginning of Russian Federation. He worked for all presidents, all prime ministers avoided all purges

What does it mean? It means he's a cunning political entrepreneur, great in court politics, publicity, image. You survive every single administration by maxing your political survival. And to max it you need to minimise animosity. So you never object to powerful interest groups

One company increased sales 262.5% with this pricing strategy:

The Decoy Effect.

What it is & how to use it: 🧵

Companies like AMC, Starbucks, & "The Economist" use psychology to maximize profit.

They leverage behavioral science to shift buyer preferences from the buyers needs to their highest margin products.

Here's how it works ⬇️ ⬇️ ⬇️

The human mind is exceptional at comparing two items.

But, the presence of a 3rd option causes a short circuit.

With a 3rd option present, the mind begins comparing options against one another.

This shifts focus from fulfilling ones needs to finding the best value.

Companies include "decoy" options to highlight the value of their target (usually highest margin) options.

There is little to no intent to actually sell the decoy.

So, what does a decoy look like?

It's similar, but slightly less appealing than the target.

Movie theatre popcorn is a classic example.

The large size is the target option - it's the most expensive & highest margin.

Without the medium, movie-goers are making a decision based on how much they want to eat.

But, add the decoy (medium)...