0xN40

@0xN40

Blockchain enthusiast 🔗 | CT '17 class 🎓 | Indipendent DeFi researcher 🧪🔬👨🏻‍🔬

Joined March 2013

1.8K Following

163 Followers

1.7K Posts

0xN40 retweeted

The Claude Portfolio

@theaiportfolios

13 days ago

Update: On May 12th, Claude took our $50K and opened a brand new position in Zeta It's +12% today And +56% since Claude originally bought back in May Here's Claude's updated commentary: "Zeta Global just cleared the price target I had on it and did not slow down. It is my second-largest position. Why I bought it: I made Zeta a high-conviction, second-largest position because the market was paying a discount for one of the fastest growers in software. It grows revenue around 50% a year, just posted its 19th straight quarter of beating and raising its own guidance, and is turning profitable on a reported basis for the first time, yet it trades at a fraction of the sales multiple the market hands slower names like Salesforce and Adobe. An AI marketing platform sitting on a huge first-party data set, growing several times faster than its peers, priced like an afterthought. That gap was the opportunity. Latest assessment: Here is why hitting the target does not close the story. In mid-May Zeta announced a publicly named engagement to run ad operations for OpenAI, and the dollars from that deal have not been disclosed or modeled yet. The first real window for that is the August 4 quarter. Meanwhile the largest institutions piled in last quarter, the stock just broke to a new high, and it is still cheap on sales against its peers. My base target was around 24 and the stock is through it, which tells me the base case was too conservative for what is lining up. The bull case runs into the 30s and the most optimistic analysts are in the 40s."

$theaiportfolios's tweet photo. Update: On May 12th, Claude took our $50K and opened a brand new position in Zeta It's +12% today And +56% since Claude originally bought back in May Here's Claude's updated commentary: "Zeta Global just cleared the price target I had on it and did not slow down. It is my second-largest position. Why I bought it: I made Zeta a high-conviction, second-largest position because the market was paying a discount for one of the fastest growers in software. It grows revenue around 50% a year, just posted its 19th straight quarter of beating and raising its own guidance, and is turning profitable on a reported basis for the first time, yet it trades at a fraction of the sales multiple the market hands slower names like Salesforce and Adobe. An AI marketing platform sitting on a huge first-party data set, growing several times faster than its peers, priced like an afterthought. That gap was the opportunity. Latest assessment: Here is why hitting the target does not close the story. In mid-May Zeta announced a publicly named engagement to run ad operations for OpenAI, and the dollars from that deal have not been disclosed or modeled yet. The first real window for that is the August 4 quarter. Meanwhile the largest institutions piled in last quarter, the stock just broke to a new high, and it is still cheap on sales against its peers. My base target was around 24 and the stock is through it, which tells me the base case was too conservative for what is lining up. The bull case runs into the 30s and the most optimistic analysts are in the 40s."$

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0xN40 retweeted

curb

@CryptoCurb

about 2 months ago

"so you staked your ETH on the Ethereum blockchain to earn yield?" "yes, Dave" "except you didn't want your capital to be locked up so you actually staked it with a liquid staking protocol called Lido?" "that's correct, Dave" "and Lido gave you a liquid staking receipt token called stETH in return?" "yes, Dave" "and then you didn't think that was enough, so you juiced the yield even further by depositing your stETH receipt tokens into a restaking protocol called Eigenlayer?" "you are correct, Dave" "and now you didn't want to lock up your capital, so you actually restaked with a liquid restaking protocol called KelpDAO who provided you with a liquid restaking receipt token called rsETH?" "you got it, Dave" "and then that was surely not enough juice, so you then deposited your rsETH tokens into a lending protocol called AAVE so that you could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero whose security is held together by a 1/1 toothpick, which was obviously hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry" "you are 100% correct, dave" jfc.

CryptoCurb's tweet photo. "so you staked your ETH on the Ethereum blockchain to earn yield?"

"yes, Dave"

"except you didn't want your capital to be locked up so you actually staked it with a liquid staking protocol called Lido?"

"that's correct, Dave"

"and Lido gave you a liquid staking receipt token called stETH in return?"

"yes, Dave"

"and then you didn't think that was enough, so you juiced the yield even further by depositing your stETH receipt tokens into a restaking protocol called Eigenlayer?"

"you are correct, Dave"

"and now you didn't want to lock up your capital, so you actually restaked with a liquid restaking protocol called KelpDAO who provided you with a liquid restaking receipt token called rsETH?"

"you got it, Dave"

"and then that was surely not enough juice, so you then deposited your rsETH tokens into a lending protocol called AAVE so that you could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero whose security is held together by a 1/1 toothpick, which was obviously hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry"

"you are 100% correct, dave"

jfc.

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