Fenrir

Mythical creature

[Fenrir @FenrirCap]

With the $JUP drop upon us, I have seen a lot of mentions about @MeteoraAG DLMM pool (for good reason). The large volume and volatility will provide the perfect atmosphere for fee collection, but you need to have a strategy in mind if you want to use it to its full capacity.

Below are some single sided strategies you can employ to manage your JUP holdings and collect fees at the same time. You MUST remove your liquidity from the pool if/when your goal is achieved in order to avoid converting back into the less desired asset.

JUP to $10
- HODLing with Diamond hands
- Don’t touch DLMM

Believe JUP pumps hard
- Weighted DCA out of JUP
- Supply JUP in Bid-Ask Strategy; allows for significant price appreciation before exit

Believe JUP price increases but may bounce around
- Linear DCA sell out of JUP
- Supply JUP in Spot strategy; uniformly distributes liquidity across your range and exits linearly on the way to your target
OR
Believe JUP dips after claim but not sure how much
- Linear DCA Buy into JUP
-Supply USDC or SOL in Spot strategy; will uniformly buy the dip for your specified price range

Believe JUP price dumps hard from airdrop sellooors
- Weighted DCA buy into JUP
- Supply USDC or SOL in Bid-Ask strategy; capitalizes on large dips to give lower cost basis entry

There are more exotic ways to use Meteora but these should cover most of the scenarios needed for executing your plan and earning fees in the process. Regardless of the strategy you choose, it should be a fun week for the Solana ecosystem.

[Fenrir @FenrirCap]

@0xIT4I Definitely @TS9_ONE @Mamba248x

[based16z @based16z]

A great feature of mass illiteracy is sick ass new malapropisms

[Fenrir @FenrirCap]

@McDonaldsXBT Extremely solid and clean card this early in the season

[Fenrir @FenrirCap]

@ferbsol Wow give this guy the Pulitzer

[Nouveau @0xnouveau]

To provide a counterpoint to some of the negative sentiment on the timeline, we are living in one of the most exciting times of our lives right now

The chaos when the old world starts to fall apart to make room for the new one is THE period of maximum opportunity, especially if you're a resourceful young man

Stability is overrated as the old system was already broken anyways and completely captured by the winners of the previous generation

So embrace disruption

The future is beautiful

[Fenrir @FenrirCap]

@degenstefo @notpratty @drews888 You’re next buddy 🖕🏻

[Fenrir @FenrirCap]

@drews888 Got you king

[Fenrir @FenrirCap]

@Doonhamer_ Rooting for you sir

Pretty confident it will be a good one

[Fenrir @FenrirCap]

@gr3gor14n Staying very disciplined on that lifestyle creep statement I see

[Fenrir @FenrirCap]

Will second this as a fellow unc - yes fiat currencies will continue to inflate away your purchasing power over time but nothing erases purchasing power faster than holding onto 6-7 fig positions of shit like Troll and PayAI

[gr3g @gr3gor14n]

Here’s what you should actually do if you suddenly run up a large amount of money:

You will most likely never see this much money again

Don’t fuck it up

The interest alone, or a few years of compounding is worth far more than you realise. If you’re lucky, you can live off interest alone. $3,000,000 at 5% a year is 150k PA. Even getting to half that amount is 75k PA for literally doing nothing

Lock the majority of the money down first (high yield savings account, no withdrawals, no impulsive spending). Put tax money aside immediately

Clear out every high interest debt and don’t take on new ones. People with 500k net worth are asking me if they should spend 100k on a car. No. Do not do this. I absolutely love supercars, but I drive a Kia Sportage

Build 6–12 months of emergency savings

Buy a home if the numbers make sense (they usually do)

Build a real budget: calculate your annual costs, your net worth, and how much interest you generate each year, are you spending more than you’re earning? Track your costs monthly so you always know where you stand

Once you're grounded put the bulk into long term investments (ETFs, super, index funds)

Keep a small liquid stack for opportunities

Don’t let lifestyle creep drain your future. Just do what you usually do. Clout is worthless

Set up proper tax and wealth structures (trust, company). See a financial advisor for this. They also know how to reduce taxes in ways you never thought possible. Protect yourself, insurance, wills, estate planning, legal structure

Build a long term financial plan and actually stick to it

I'm sure there's a lot more you could add to this list, and please let me know. Being a responsible adult isn’t that glamorous but it keeps you from going back to work

I do not want to go back to work

- Unc

[Fenrir @FenrirCap]

@gr3gor14n Might have been better served a few months ago but hopefully some people listen to the wise unc

Estate planning severely underrated and not as expensive as people think

[Fenrir @FenrirCap]

@vnovakovski @corgil I see somebody started the pre-Thanksgiving drinking early today

[Fenrir @FenrirCap]

@degenstefo That’s my 🐐

[Fenrir @FenrirCap]

@0x_Leo_ Damn not only a great story but also really well written

[Fenrir @FenrirCap]

@gr3gor14n @ShockedJS Finally leveling up as an unc

Been a hobby of mine for awhile and it is very satisfying making things and there are endless tools you can convince yourself you need

[Fenrir @FenrirCap]

@MomoOnChain One of my favorite tg channels I follow

Enjoy the time off, well deserved

[Fenrir @FenrirCap]

@TaikiMaeda2 Absolute goat stuff right here