Today I'm starting to tweet about my trading journey. These are futures which I started doing in November 2024. I have now lost $7,100 dollars in 2024 Nov-May 2025
Starting to document my path!
#trading#crypto#dream
Everyone wants the next perp token. Nobody is asking:
Who’s printing real revenue?
Who collapses after TGE?
Who survives a -40% market day?
So I built a roadmap for:
@BasedOneX / @hibachi_xyz / @variational_io
Not hype. Structure.
See the full framework below 👇
Why LRT yield is not free 🧵
1/
LRT (Liquid Restaking Tokens) promise “higher ETH yield”
But yield doesn’t appear out of thin air
It always comes from somewhere and carries risk
2/
Base staking yield (~3–4%) comes from Ethereum block rewards
That part is relatively straightforward
Everything above that?
You’re getting paid to take additional risk
3/
Restaking = securing extra services via EigenLayer
Those services (AVSs) pay you
But if they fail or misbehave you can get slashed
Higher yield = higher slashing surface
4/
Most LRT protocols (like https://t.co/QWwBUZ4Rrb or Renzo) stack risks:
• smart contract risk
• AVS risk
• governance risk
• liquidity risk
You’re not just staking ETH anymore
You’re in a layered system
5/
A big part of “high APY” often comes from:
• token incentives
• points programs
• future airdrop expectations
That’s not cash flow
That’s speculation on future dilution
6/
There’s also correlation risk
In a market crash:
• ETH drops
• LRT discount widens
• DeFi leverage unwinds
Yield doesn’t protect you from reflexivity
7/
Think of LRT like this:
You rent out your house (staking)
Then you sublet the basement (restaking)
Then you borrow against it to invest
Income increases
So does fragility
8/
LRT yield isn’t free
It’s a risk premium
If you don’t know what risk you’re being paid for
you’re probably the one paying for it
Things the market is not noticing about @variational_io
1/
Most people think it’s just another perp DEX
But Omni by Variational does not use a traditional LP model
There are no standard liquidity pools
The counterparty is an embedded algorithmic market maker — OLP
If anyone missed the point there's no need to boil over with excitement about projects getting ETF approval !!! Because 99% of projects will eventually get ETF approval in the future!! You should care as little about this as you do about the SEC!! $ETH is the business asset of the future. Everything else is just a fancy hat (a load of nonsense)
Post about Datagram. I was really hyping the project hard, worked on it for six months, made over 33+ posts, referrals that came through word-of-mouth and my posts all without being an influencer, just as a regular person and what a disappointment I felt when they set the claim period from Nov 26 to Nov 28, just 2 days and rugged so many people! Of course, it's my own fault that after TGE I didn’t check the Discord for news every day, but tell me, does any decent project set a claim window for just 2 days? NO! It’s all to rug as many people as possible. You know, after claims like this, the desire to do anything worthwhile just fades, because once again I admit my mistake I should’ve kept track myself! But at least you could make the claim period open-ended if you’re a TOP project that’s the first point! The second point they could’ve made some concessions to loyal regular users like me, not influencers and at least given back some percentage but no they’ll keep shilling till the very end!
How about you guys? Share your stories interested to hear.
BlindBox is now updated
You may have noticed new reward types, appearing in BlindBoxes. We will be adding more pleasant bonuses as the campaign develops. Here is a brief overview of what this is and how they work:
1. BlindBox Drop Boost
Enjoy an increased chance of BlindBox dropping in the current epoch. The higher the drop chance, the more rewards for active traders.
2. Nameplate and ticket for reassignment
Everyone loves personalization. Now you can customize your username in the Based application with nameplates of different rarity. Your new name will also appear on the leaderboard. If you are not satisfied with your choice, use a coupon for name change to change it.
3. NFT Fragments
Besides BasedPals, now you can earn NFT-fragments from BlindBoxes. Collect and combine these fragments to get a full NFT BasedPal.
4. Mystery items
Keep an eye out for special items that can increase your gold earnings in the next epoch or unlock other exclusive benefits. You can get up to one mysterious item per epoch, and new rewards will be added over time.
Based
AMA Hibachi — Key Takeaways 🔥
Goal:
@hibachi_xyz aims to become the leading perp DEX the go-to venue for institutional capital. Not your average DEX — a full infrastructure layer built for professionals.
⚡ Unique Features:
Millisecond-level execution speeds
Strong privacy + ZK escape hatch
Top-tier engineers from Citadel & Bloomberg
🗓 Q4 2025:
~ Infrastructure upgrade: 24/7 uptime and scaling for volume growth
~ Launch of Vaults, followed by custom user Vaults
~ Support for all stablecoins in deposits
~ Refinement Points Program for early and loyal users
2025 and Beyond:
Major institutional partnership (coming soon)
Multi-level referral system
Enhanced liquidity, tighter spreads & improved OI
Hibachiooo --> https://t.co/p0ZN4UmiS1
It might be useful to understand what they really want to do @hibachi_xyz
https://t.co/cwW9ixArot
P.S. ~ No one on the team is saying that they want to surpass Hashflow in terms of distribution. Just in case you were wondering
See you tomorrow