DeFi Dad ⟠ defidad.eth ≡🦇🔈

⟠ DeFi super-user / educator 💫 Investor at @4RCapital 🏗️ Advisor to @Zapper_fi, @epnsproject, @defiantnews, @definft, @real_alethea, No paid tweets, ever.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

🔥Here's my most comprehensive DeFi for Beginners playlist updated with 46 videos, starting with the basics of "what is DeFi" and "how to set up a wallet" through advanced yield farming opportunities.

🔗DeFi for Beginners: https://t.co/hFgTJ7VmZw

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

Free cards for all //

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

😎 Cool idea to long / short yield rates, without expiry dates!

📈 Ex. If you're lending on @AaveAave, hedge against rate decreases by buying NYTs, since they go up when rates go down.

📈 But if you're borrowing, hedge against rate increases by buying PYTs.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

😇 TLDR; don't waste time overthinking this.

👍 BlockFi screwed up but will survive.

🙃 And we need BlockFi to keep building.

🌽 Because they intro lots to passive income with crypto, which leads them to seek new, exotic yields only available via new dApps in DeFi.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

🧐 I still wish future success for BlockFi. They have been a huge on-ramp for newcomers in crypto.

😙 But let's be clear: there is no need to trust any such statements about overcollateralization in DeFi.

👌 We just verify it on-chain. Audit instantly done. Easy.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

There's a hefty amount of $PRIME anticipated to come to @ParagonsDAO. We need everyone's input how it should be distributed / used in the future.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

Nice way to introduce more to NFTs through comedy!

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

This reminds me of how niche NFTs were years ago and now it’s dominating headlines for crypto.

In coming years, there will be DAOs for just about everything.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

Remember years ago when they said “crypto needs better marketing.”

😎 #SuperBowl

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

Many have experienced these bandaid solutions (ie Venmo) which trick us into believing TradFi lets you do more with your money.

But with DeFi, we will:
1️⃣ Replace finance services
2️⃣ Replace + improve services
3️⃣ Or create new financial tools (ie Alchemix self-repaying loans)

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

If finance were the auto industry

🩹 Fintech = better gas engines

💪 DeFi = new electric engines

Fintech has always been about bandaid solutions vs DeFi solves for the underlying issues of a broken finance infrastructure.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

Not an investor, just excited for a major money lego to go live. I remember what Compound and Aave meant to me on Ethereum and this will be similarly big for Terra users wishing to borrow across a basket of collaterals on @EdgeProtocol 😘

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

Big launch soon for Terra DeFi 👀

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

Unfortunately, I won't be able at @EthereumDenver but I'd love to connect you with my @4RCapital teammates, @keegan_selby and @ej__rogers.

And if you're trying to reach a team/founder in Denver, happy to try and connect you. DM or comment below.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

Shoot, and I should point out my never-ending admiration of the @BalancerLabs team as well.

What I stated above is still true about Bancor v3 but Balancer deserves also credit for continuing to pioneer new innovations improving DEXs, if Uniswap v3 was the most recent milestone.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

And while I'm a huge proponent of Uniswap v3 because of the capital efficiency, Bancor is now building one of the few novel ideas among DEXs and it greatly benefits the average DeFi LP so I would pay close attention to whenever Bancor v3 launches in Q1. https://t.co/H6yyKa6pc9

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

This has been a saving grace for me as an LP (essentially a lender of single tokens). Oddly enough, I keep seeing copy/pastes of Uniswap v2 across other chains, despite IL rekting LPs.

But if @Bancor v3 can offer unlimited capacity for single-sided LPs, it's a game-changer.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

One notable design decision in @Bancor's v2 single-sided staking was a disincentive to not cash out BNT rewards "without resetting your multipliers" as an LP.

Sure, the BNT price is down like most DeFi tokens but they've maintained their lead as the top single-sided LP DEX.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

Nice lesson here on AMMs 💪

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

For those reading the Prime Proposal or Echelon Whitepaper by @ParallelNFT, you might also read @pet3rpan_'s "Play to earn economies as base layer protocols for games" for helpful context.

👉 https://t.co/St60Ac88af