JonesDAO Intern

When I said I was interested in cutting-edge software, I didn't mean the latest version of PowerPoint...

[JonesDAO Intern @JonesDAO_Intern]

Recently, a community member brought up fee structures, mentioning that TradFi funds are starting a race to the bottom, descending from the 2/20 (2% AUM, 20% performance) model.

Let's discuss the reasons we don't care, and aren't tying ourselves to TradFi structures.

🧵

[Jetstream Markets @Jetstream_Mkts]

Jones has a fresh, new tag! 🤠

The protocol can now be found at @JonesDAO_io

Why did we make this change? 👇

[JonesDAO Intern @JonesDAO_Intern]

Y my bawses keep leaqing?

[Jetstream Markets @Jetstream_Mkts]

They’re finally here - Dopex Metavaults are going live Wednesday at 12PM ET!

🚨 Warning: This thread contains alpha 🚨

[JonesDAO Intern @JonesDAO_Intern]

Daily reminder that holding 10 different highly correlated assets is not diversifying, anon.

[JonesDAO Intern @JonesDAO_Intern]

@juliankoh @phitsoaster @FroyoFren @FreddieRaynolds @ribbonfinance @inversebrah How are you going to hire a competent "head of trading" to create new products/strategies AND lead a team for less than a junior banker makes for doing PowerPoints and basic modeling?

[JonesDAO Intern @JonesDAO_Intern]

@ylv_io @FroyoFren @ribbonfinance The projected yield is literally just ((weekly premium sold / vault TVL) + 1))^52

In other words, the weekly yield *if* the options sold expire OTM, annualized.

[JonesDAO Intern @JonesDAO_Intern]

The APYs that Jones displays are based on genuine historical vault performance, not meaningless projections. We'll always be transparent on performance, and we're working on UI improvements like live vault PnL to continue delivering on that commitment.

[JonesDAO Intern @JonesDAO_Intern]

Stay safe out there anons. Almost every protocol offering "structured products" is selling you misleading APYs when underneath the hood you're getting rekt.

Their strategies aren't "complicated," they're just selling close to the money weeklies OTC for weak premium.

[Ice @FroyoFren]

Neat trick, @ribbonfinance

ETH vault projected yield 30% while historical performance -20%.

BTC projected yield 23%, reality almost -6%.

If you're having trouble trading options on your own, try depositing in a Jones Vault.

[JonesDAO Intern @JonesDAO_Intern]

@paradigm and @coinbase should ask @juliankoh why he's building his TVL on the back of a purposefully misleading UI, and how he thinks he's going to find someone to deliver on his promises to investors for <$250k/year.

[JonesDAO Intern @JonesDAO_Intern]

@theyoungcrews @indexcoop @Crypto_Texan @HelloShreyas @llamacommunity_ @0xSifu @joey__santoro @FroyoFren @parcelHQ @utopialabs_ jETH.

[JonesDAO Intern @JonesDAO_Intern]

Stay safe out there anons, not everyone in the on-chain derivatives space is being honest about their product’s risks.

Here’s what @AtlasCrypt0 and @FroyoFren have been keeping an eye on.

[Ice @FroyoFren]

Insanely misleading and downright dangerous.

I wouldn't normally call something out like this unless funds are at risk, which they are. 👇

[JonesDAO Intern @JonesDAO_Intern]

@DegenSensei @GMX_IO @DAOJonesOptions Alright, who leaqed my internal research deck to you ser?

[beachball 🏖 @0xbeachball]

As promised, I have completed a guide that explains @LayerZero_Labs and @StargateFinance entirely with pictures of seals and fish

https://t.co/5aBk0ZNca6

(pictures incoming, more explanations in article)

cc: @PrimordialAA @maxglassman_ @layerzerointern @ryanzarick @0xMaki

[JonesDAO Intern @JonesDAO_Intern]

@petrohash There are JONES/ETH and JONES/USDC liquidity pools on SushiSwap on Arbitrum,

[JonesDAO Intern @JonesDAO_Intern]

So back to fees. If we're not going to tie ourselves to traditional models, how will they be determined?
Supply and demand anon. There will be an equilibrium point between jAsset yields and veJONES fees. We’ll find it, and continuously monitor it, because it won’t be static. 🎙️💧

[JonesDAO Intern @JonesDAO_Intern]

Recently, a community member brought up fee structures, mentioning that TradFi funds are starting a race to the bottom, descending from the 2/20 (2% AUM, 20% performance) model.

Let's discuss the reasons we don't care, and aren't tying ourselves to TradFi structures.

🧵

[JonesDAO Intern @JonesDAO_Intern]

🪙💰Can you accumulate governance power and a share of fee revenues from a hedge fund (veJONES)? Hell no.

I think you get the picture now anons. We're here to build. We're here to create novel products, and to do existing products better.