Playing the right game. ETH and Defi

Sitting on my hands

ETH

I bought Some ETH $3k calls for about $80 in late April. I’m really looking for funding to explode in order to sell them. No sign yet. Sitting on my hands and doing nothing is hard here. Mentioned in this post. https://cryptodeepdiver.substack.com/p/return-of-eth-defi-alpha-sushi-aave

Which game to play?

Avi Sanyal @AviFelman

4/ New capital can be split cleanly into a few buckets as I see it. - People who were exposed to crypto in 2017 coming back and buying the favorites of the time + some of other CB coins - New entrants coming straight into BSC ecosystem - Insto allocators

I only have edge in one of these 3 games. That is front running insto allocators. The good thing is that its the easiest of the 3 games IMO because they are the most predictable. Now that momentum has stalled in Bitcoin, Ethereum will continue to be spot bid. Large cap Defi may also get some bid but more difficult to predict due to regulatory concerns. BSC and ‘Old shitcoins’ I find very hard to predict.

Daily Ape

Charm and Lixir - auto manage liquidity on Uniswap V3. Will be interesting to see if either of these projects gain traction.

Charm @CharmFinance

🎉 Introducing Charm's Alpha Vault: -- A vault that automatically manage liquidity on Uniswap V3 on your behalf. -- Concentrates liquidity to earn higher yields. 🦄 Uniswap LPs rejoice ! 👇 Full details medium.com/charmfinance/i…

medium.comIntroducing Alpha Vaults — an LP strategy for Uniswap V3Alpha Vaults automatically manage liquidity on Uniswap V3 for you. They concentrate liquidity to earn higher yields and periodically rebalance to reduce impermanent loss. The unique feature of Alpha…

Lixir @lixirfinance

💯Finally 💯 We present the $LIX public token sale (LBP) and what's to expect before the sale👀 8th May 4pm UTC ⏱️ Read more about our sale and the roadmap until then 👇 lixir-finance.medium.com/lixir-liquidit… Next $LIX stop: Valhalla⚔️

Meetbits Data explorer

I didn’t participate in the Meebits launch but I might have if I had access to this explorer. You can quickly identify if you have minted something valuable and sell if not. https://nftexp.io/explore/meebits

Balaji

Balaji on Tim Ferriss - Good long thread on big ideas for the next 10 years. I don’t agree with all of it but they idea that pseudonymity as a kind of cultural currency is something people in crypto can recognize. Also that the internet increases variance. All sorts of new niches will appear as old industries die. I’ve considered a video blog but don’t want to reveal who I am. He suggests voice and video altering software will become common to deal with this.

Uniwhales

TRU/STAK/FREE/MKR/UNI

I remember TRU being mentioned by Arthur_0x or Qiao at some stage on a podcast. I check my timeline and its too technical a concept for me to have any edge on. I move on.

Sisyphus @0xSisyphus

Vitalik's comments on Truebit (you can run optimistic rollups on top of this). Interesting stuff, stealth launch yesterday, was discovered quite quickly, still small if you believe optimism will be successful L2. $TRU

ethresear.chEVM optimistic rollup using TruebitThe interactive verification protocol Truebit recently launched. This post will assume that something like Truebit exists as a black box giving delayed results to queries of the form “run some code and return the output”, and show how to build an EVM optimistic rollup on top of it. Truebit accepts …

Conclusion

Long ETH is still the simple boring play. Will try and stick to it.