Sergey Notes

On DeFi

[Sergey Notes @Sergey2117259]

Tools that cover 99.9% of DeFi capital management 🚀

Lending Markets
@aave
@compoundfinance
@0xfluid
@eulerfinance
@MorphoLabs

DEX
@Uniswap
@AerodromeFi
@PancakeSwap
@CurveFinance
@VelodromeFi
@Balancer (V3)

Yield Trading
@pendle_fi

Perpetual DEX (Liquidity Pools)
@GMX_IO (GMX V2)
@HyperliquidX
@JupiterExchange

Restaking
@ether_fi
@KelpDAO
@renzoai

Bridges and Aggregators

LlamaSwap
@DefiLlama

@CoWSwap

@StargateFinance

@MayanFinance

@AcrossProtocol

@jumperapp

💡 Everything you need for DeFi capital growth & management — in one list.

[Sergey Notes @Sergey2117259]

6/6
Bitcoin’s long-term strength is not only scarcity.
It is a globally liquid, non-sovereign asset with no issuer.

That makes BTC one of the clearest hedges against a world losing trust in financial institutions.

[Sergey Notes @Sergey2117259]

1/6
Bitcoin is not just a bet on money printing.
The deeper thesis: BTC is a hedge against systemic risk.

Bank risk.
Issuer risk.
Freezing risk.
The risk of trusting financial intermediaries.

[Sergey Notes @Sergey2117259]

5/6
But BTC is not protection from every crash.
In liquidity shocks, it can fall with risk assets.

Bitcoin does not protect you from volatility.

It protects you from dependence on the system.

[Sergey Notes @Sergey2117259]

“Invisible DeFi” means invisible risk.

Users see “Earn”. Under the hood: vaults, curators, lending protocols and liquidity risk.

Simple UX doesn’t make APY safe.

The future of vaults: neobanks and invisible DeFi https://t.co/OjskrBxtzp через @cryptoslate

[Sergey Notes @Sergey2117259]

7/7

When you have a plan, fear becomes information.

Not a command to act.

The market can be red.
The news can be scary.
The crowd can panic.
But if your strategy is not broken, emotions should not make decisions for you.

[Sergey Notes @Sergey2117259]

1/7

Market psychology.

Bitcoin is “only” at $65,000.

And yet fear is everywhere again.

Panic.
Crash talks.
People acting like crypto is over.
So let’s talk not only about charts.
Let’s talk about investor behavior.

[Sergey Notes @Sergey2117259]

6/7

This is why you need a strategy.

Not only to know where to invest.

But to know:

• when to buy
• when to wait
• when to reduce risk
• where to keep reserves
• what to do if the market moves against you

[Sergey Notes @Sergey2117259]

7/7

The GM BTC/USD pool is interesting because it does not require a perfect market forecast.

It earns from trader activity.

Market goes up fees.
Market goes down fees.
Market gets noisy fees.
For a BTC-first strategy, it can be a useful accumulation tool.

[Sergey Notes @Sergey2117259]

1/7

A strategy that can work in any market.

Bull market.
Crash.
Sideways market.
Panic.
It does not try to predict price direction.
It just keeps doing its job.
GM BTC/USD pool on GMX.

[Sergey Notes @Sergey2117259]

6/7

But this is not “risk-free yield.”

GM pools have risks:

• GMX risk
• smart contract risk
• trader PnL risk
• BTC volatility risk
• liquidity and exit risk
Position size and risk control matter more than a nice APR.