Dumb Money

Crypto value investors since 2011. Net worth maximalists. Not financial advice. DMs open for big hedgie bets. $ETH $MKR

[Dumb Money @DumbMoneyVC]

@AutismCapital False premise

[Dumb Money @DumbMoneyVC]

@_charlienoyes @veradittakit If it’s profitable to reorder history, then that’s how it always was what are you talking about

[Dumb Money @DumbMoneyVC]

@jobsincrypto @CashApp Shoo...

[Dumb Money @DumbMoneyVC]

@LUKACACIC @Vlada682 @reflexerfinance Nope, variable target (redemption) price. It is NOT pegged to $3.14 otherwise it would be no better than a dollar peg.

[Dumb Money @DumbMoneyVC]

@scott_lew_is EVM is still an upgrade over a cefi api. Don’t be mad people want to use it.

[Dumb Money @DumbMoneyVC]

How can one man be so based

[banteg @banteg]

Should I mention we also exploit a bug in the farm to circumvent the early withdrawal fee? 🔵🔬🚪🪤

[Dumb Money @DumbMoneyVC]

The principle of maximum pain dictates ETH has to dump and case a FEI panic before it can resume its bull run.

[Dumb Money @DumbMoneyVC]

@rohanagarwal94 @ICICIBank @TachyonAccel @SINEIITB @GoI_MeitY @icreateNextGen Sure sign that @ICICIBank @ICICIBank_Care will be bankrupt by end of decade.

[Dumb Money @DumbMoneyVC]

@AutismCapital Just means lots of people will get rekt, this shitcoin cycle has happened 2 times before already

[defiprime @defiprime]

Reflexer and RAI Explained 🔥

Stefan @stefan__ionescu told us how he turned an old idea from a DAI Purple Paper into a new DeFi protocol.

https://t.co/UoYLhSTbLT
@reflexerfinance #defi #ethereum

[Lefteris Karapetsas @LefterisJP]

Hope this is a lesson for people. Being backed by big names means nothing.

Essentially your precious $ETH is now theirs and you are rekt.

[Dumb Money @DumbMoneyVC]

@t_snark @banteg What negative externalities? Everyone outside the fei system is not surprised by what happened and carrying on like nothing happened. This is a fat loss for VCs and shitcoin gamblers and that’s a good thing.

[Dumb Money @DumbMoneyVC]

Can you imagine $fei VCs discussing their “strategy” right now, essentially forging the group trap to make the later rush to exit more dramatic

[Dumb Money @DumbMoneyVC]

$FEI on lending markets pls need to short @CreamdotFinance @AaveAave

[Dumb Money @DumbMoneyVC]

@banteg You know bant is real defi chad when he takes immense pleasure in watching bad mechanisms fail

[Dumb Money @DumbMoneyVC]

@_charlienoyes I read yesterday that maker actually does make a loss on liquidations given all gas fees and other costs

[Dumb Money @DumbMoneyVC]

@danheld Not the worst take I guess

[Dumb Money @DumbMoneyVC]

@_charlienoyes @tarunchitra Charlie you are now personally responsible for the imminent margin requirements race to the bottom. What have you done

[Dumb Money @DumbMoneyVC]

@MikeAbundo @indexcoop @SetProtocol @ethereum We need 2017 but with leverage

[Dumb Money @DumbMoneyVC]

Running shitcoin crusher against UNI, +2 ETH +2 USDC -1 UNI leveraged aavegotchi please with positional units shown like stats OK @aavegotchi @AaveAave @Uniswap @GotchiGang