We've spent a bunch of time researching the whole Perp DEX ecosystem
This is what you should know about DYDX
1. DYDX smash all competitors in terms of deriv volume
2. *When* fee sharing starts, the valuation is going to moon on a PE basis
3. But.. big token unlocks incoming
We’ve just issued some new research on ChainLink $link that we have been writing since pre the recent pump
It’s quite a process in trying to come up with a suitable valuation framework for such a huge project that hasn’t really focused on the monetization aspect yet
Check it out and see if you agree
Really though, the best way to play this is just buy the whole narrative.
Don't trade it, just buy it
Take exposure to DYDX, SNX and some GMX just for laughs, because a rising tide lifts all boats and the narrative will succeed regardless
The numbers and growth stack up, but more importantly, the 'narrative' is what you are buying into, and noone can deny that perp dexes are the best narrative for the forseeable future
The failure of FTX was, in essence, the greatest marketing DYDX could ever ask for
But the DEX from the future has some short-term issues
Starting December you have a free-for-all VC gangbang with hundreds of millions of tokens coming to market
Noone want to step in front of impending doom, but if the market starts churning and vols triple, maybe it nets out?
Based on the numbers DYDX are doing and where we 'think' we are in the market cycle, I would compare buying DYDX now to investing into a form of Binance equity (dividend paying) in 2019
We've spent a bunch of time researching the whole Perp DEX ecosystem
This is what you should know about DYDX
1. DYDX smash all competitors in terms of deriv volume
2. *When* fee sharing starts, the valuation is going to moon on a PE basis
3. But.. big token unlocks incoming
1/ It’s finally here 🎉
Today, we’re proud to present and fully open-source the completed dYdX Chain!
This is the next chapter for dYdX and we’re so excited that it’s here.
Let’s get into the details:
https://t.co/ydil2jkqJs
We’re scaling up our research team and are currently hiring for 2x analysts (Singapore preferred but can be remote).
DM with CV and any reports/work you have done previously
Our last research report on @synthetix was during their ICO back in 2018 when they were still Havven
5 years later and IMO, they are still unmatched in their ability to experiment and innovate
If you haven't already do yourself a favor and check out our latest report on SNX
In anticipation of our upcoming #Uniswap listing, we are proud to release the newest version of our $POLS whitepaper.
It includes our new advisors @JP_Mullin009 @mjdibb and our roadmap all the way to end of 2021.
Check it out at https://t.co/CsuSCurP0v! #DeFi
New Bloomberg Bitcoin report by @mikemcglone11.
- Change to original 60/40 investment model to include BTC
- ETH pop more speculative than BTC
- BTC/Gold Correlation on the rise
- GBTC absorbing Bitcoin very quickly
https://t.co/CuSKN9FVQA
Decent research on the Coinbase IPO here. @gda_capital pegging it to around $4.3b, a big down-round from its last raise at $8b.
As a betting man, I would say it's going to be much higher.
Coinbase recently confirmed their intentions for a stock market listing which could make them the first American cryptocurrency exchange to go public.
Find out how this could affect Coinbase's valuation inside our brand new research report!
https://t.co/n6vmsWCYFo