Lurkin' & Twerkin'

[Lurkin' & Twerkin' @Wangerang]

@JaredKubin Haven't noticed you ragefarming in the past, so I'll assume differing experience. Maybe you didn't have boys,or your kids were particularly calm...

I hate it, but physical consequences are a necessary last step when there are actual risks before they understand long term costs

[Lurkin' & Twerkin' @Wangerang]

@vixologist Just waiting for the 4d chess crowd to propose that this is how he is funding the sovereign wealth fund...

[Lurkin' & Twerkin' @Wangerang]

@CurveFinance @LlamaRisk Good postmortem, now all that remains is compensation.

Quick and clear postloss analysis and compensation is important for protocol credibility,and tokenomics (compare the token price and TVL effects of the recent compensated aave issue with the uncompensated balancer issue).

[Lurkin' & Twerkin' @Wangerang]

@ghoulpresident @bennpeifert No harvest, independent lender-->independent borrower in an individualized market. This is the innovation of defi, markets allowing any willing participants to engage on any side of any transaction desired.

Not inferring, trying to work through a broad statement of disallowance.

[Lurkin' & Twerkin' @Wangerang]

@dampedspring @finbarr The issue in my mind ties more into the newspaper price charts from the dawn of online news than not realizing there are non-software assets. The non-publication resources and real businesses were there, but once you get branded a melting ice cube, the stocks become toxic.

[Lurkin' & Twerkin' @Wangerang]

@ghoulpresident @bennpeifert Then why shouldn't they be allowed?

The only two reasons to wholesale ban a financial product are 1. Too dangerous, or 2. NEVER the optimal strategy.

If it's less dangerous than approved products and sometimes optimal, why shouldn't they be allowed?

[Lurkin' & Twerkin' @Wangerang]

@ghoulpresident @bennpeifert Why not?

Do you believe that approved products like 0dte options on triple-levered ETP's are in some way safer for unsophisticated parties?

Or do you believe that no scenarios exist where a levered basis trade has a better risk/reward than vanilla products?

[Lurkin' & Twerkin' @Wangerang]

@JoeWaitOfficial The issue is trust and perceived risk. The crvUSD farming yields were unbelievable - unless you considered it a risk asset. Once it's a risk asset, suddenly the amount of oversight needed, the inability to hedge, and competition from normal risk assets all make it undesirable.

[Lurkin' & Twerkin' @Wangerang]

@Jesse_Livermore The joys of a commodity with a minimal delay in spinning up new capacity...

[Lurkin' & Twerkin' @Wangerang]

@aakashgupta @jam_croissant This misses the fact that the basis in most small service company stock is negligible if profitable, as distributions amortize basis.

The net effect is that the doctor's business line of credit is taxed from the first few dollars borrowed.

[Lurkin' & Twerkin' @Wangerang]

@0xMerridew Couldn't have predicted this conclusion to your pizza saga of the last few days... Dislike-despise-acquire?!?

[Lurkin' & Twerkin' @Wangerang]

@dampedspring @skeptic_humble Kind of terrifying to think of what they are marking these at. I've handled a few client sales to PE lately at multiples that only make sense on an IPO harvest implying growth prospects, while the companies themselves were in decline.

[Lurkin' & Twerkin' @Wangerang]

@skeptic_humble @dampedspring That's the core what I'm wondering - these ever-expanding multiples have to make IPO's more competitive, inevitably reaching a point where an IPO has a higher expected price than privates. You're not even seeing IPO's of the preferred asset-light PE inventory (i.e. service co's).

[Lurkin' & Twerkin' @Wangerang]

@dampedspring Fully agree, and can't believe the unapologetic extent the extortion is reaching. Want to finish Revolution wind? I'm sure the newly required approvals will clear in no time if you have 10% government ownership...

[Lurkin' & Twerkin' @Wangerang]

@DannyDayan5 Agreed, though lately I've been pondering whether these are policy mistakes or a growing (though still mistaken) buy-in by the fed into the notion that markets must be propped up at all costs as any decline has become a systemic risk via private leverage and over-beta'ed 401k's.

[Lurkin' & Twerkin' @Wangerang]

I am really in to oatmeal... God, how boring is your life when you're "in to" oatmeal>