Lorenzo DeFinci

I remember asking @RobAnon why they didn't participate in the Aavethena loop a few months back. He told me they didn't take on leverage as a rule, and I was surprised how adamant he was about that. @infiniFi took zero losses during the rsETH exploit. Lessons in there.

jfc curious if people who sign NDA really understand what it implies Also, there are absolutely 0 reasons to get listed on any exchange if you are building something meaningful. For instance, $hype is not listed on coinbase or binance and it did not stop them from becoming the most successful protocol in existence $fluid is not listed on coinbase or binance either but it did not stop us from reaching $6b TVL in 18 months It is totally free to deny the commercial proposals you don’t like and sharing confidential information will hurt your business long term. Projects want to get listed on major exchanges to get the distribution from the CEXes that they were building for years and spending funds on, but why do they think this has to be free by default? Also, I know multiple projects that got listed on nance for free, keep building and you will get there as well.

Markets on everything. We’re proud to announce that $ICE, the owner of @NYSE and the largest exchange company in the world, is making a strategic investment of $2 billion into Polymarket, valuing us at $9 billion post-money. Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream. But in addition to that, it’s a monumental step forward for DeFi. ICE is the one remaining founder-led exchange company, and Jeff is all-in on utilizing his assets, including NYSE, to usher in a new financial era of tokenization. We’re humbled to be working together on this endeavor. ICE will also begin distributing Polymarket data to thousands of financial institutions around the world. There is so much to build when you combine the force of ICE’s institutional scale and credibility with Polymarket’s consumer + cultural savvy and distribution. The past two years have been surreal. Going from a write off to creating a category, watching our vision become a reality. The Polymarket origin story is funny because it's a rare case of the dream being identical to how things played out. If I learned one thing, it’s that bold ideas are everywhere, hidden in plain sight. It just takes someone crazy enough to spend their life willing it into existence. That’s entrepreneurship: willing things into existence. I remember reading Robin Hanson’s literature on prediction markets and thinking - man, this is too good of an idea to just exist in whitepapers. There were a million reasons why it shouldn’t work, countless arguments of why not to do it, and the odds were against us, but we had to try. At the onset of the pandemic, I quite literally had nothing to lose: 21, running out of money, 2.5 years since I dropped out and nothing to show for it. But I knew we were entering an era where ways to find truth would matter more than ever, and Polymarket could play a critical role in that. After all, nothing is more valuable than the truth. It’s still a work in progress, but we’re honored to have made the impact we have thus far. I’d also like to give a special thank you to all of our users, builders, and community members who have been with us since 2020. Your support will not be forgotten 🔮 Last but not least, I am deeply grateful for all of the support and hard work of my brilliant team. I’m getting to live my wildest dreams, seemingly against all odds, and I don’t take it for granted. The best is yet to come… 🇺🇸 Que Sera Sera

I've been at Token2049 for 2 days, here's what I've learned: - 99% of people who 'work' in crypto do nothing. - Dior Sauvage does not cover up a lack of personal hygiene. - Everyone is saying they're going to F1 but they keep begging people for tickets? - Anyone that wants to conduct real business is no where to be found. - The 'best traders' in crypto keep ordering bottom shelf liquor.

Mantle 2.0 Kickoff AMA (EN) x.com/i/broadcasts/1…

@phtevenstrong @mezzanine_fi LFG

What if I took all the protocol, yield, stablecoin, and defi knowledge I've accumulated over the last half-decade and started building the platonic ideal of a yield-focused protocol? What if we already had >$150M in early TVL commits? What if @mezzanine_fi? Q1.26

Many of the top DeFi projects were born during brutal market conditions. Hyperliquid, Uniswap, and Curve Finance are just a few examples. Pay attention to the teams that keep shipping regardless of market direction.

@RyanSAdams New Pope is pro BTC

why is crypto up

@Chainflip @thedefiedge @token2049 Just seen this message now. I have sent you a DM :)

@thedefiedge @token2049 @DeFinci_ Hey @DeFinci_, we have some of the team at Token, would be interested to meet up 👀

If you're a protocol at @token2049 Dubai and interested in connecting / collaborating with us, please hit up @DeFinci_. He's in Dubai atm and looking to connect with cool peeps.

Cryptobros contemplating their various potential post-election character arcs:

The biggest mistakes I've made were things I didn't do. • Not starting that business • Not asking out that girl • Not going to the gym • Not eating healthy • Not seeing the first Avatar in theatres Imperfect action is better than no action at all.

Too busy not knowing what’s happening ? Here’s your playbook for Q4 2024

@lstmaximalist @Contango_xyz Loved it

I'm increasingly impressed by @Contango_xyz's positioning as the creme de la creme looping layer in DeFi. As such, I decided to deep-dive to save you multiple hours of research on utility, benefits, and fundamentals. Let's break down why Contanto seems to be gaining so much attention. TL;DR: Contango offers unparalleled flexibility for leveraged trading across DeFi narratives. It's not just another trading platform, though; it's a sophisticated tool for looping anything on-chain, which most users don't quite understand, but this thread will shed some light on it! Key Features? • Trade on 10 chains, 17 money markets, and 160+ pairs • Leverage up to 14x on certain assets (stables) • One-click looping with gas fee savings • Zero trading fees (currently) • Earn various rewards, including protocol airdrops Use Cases: • Create leveraged positions with low funding • Execute delta-neutral plays • Leverage yields on assets like LSTs and LRTs • Arbitrage stablecoin rates • Farm rewards with leverage • Direct exposure to the latest narratives (restaking, BTCFi, etc.) How It Works: Contango uses flash loans to automate looping strategies. For example, opening an ETH/DAI position involves: • Securing more DAI via a flash loan • Swapping it for ETH • Lending ETH • Borrowing DAI to repay the loan PS: All this happens in one transaction! Why Choose Contango? • Massive Liquidity: Taps into $60B across spot and money markets • Best Funding Rates: 3x lower and less volatile than competitors • Trade Yield-Bearing Assets: Use assets like stETH as base currency for extra yield • Flexible Margin: Use multiple currencies as margin and exit with any of them • Independent Positions: Open multiple positions on the same side and pair • Automatic Rewards: Farm rewards and points from underlying money markets and protocols Incentives: • Earn points through partnerships with LST/LRT, BTCFi protocols, and money markets • Some markets offer loyalty points (e.g., Merit rewards from Aave, Minerals from Dolomite) • Eligible for airdrops from underlying protocols (e.g., SPK airdrop from Spark) Strategic Positioning: What I believe Contango is doing very well is, in reality, positioning as a beta to giants like Pendle and Ethena. How? By focusing on loopers, I believe it's being able to offer competitive advantages and fill a gap that larger platforms haven't addressed. (As far as I know) Contango also offers a key advantage, which is the ability to capitalize on new narratives, which, if you think it is quite similar to Pendle, whether that's the whole LST/LRT craze, points, Pendle PTs, Ethena, and now BTCFi. basically, if that instrument is available on a money market and there's a supported spot market, it's loopable on Contango. Bullish. Support and Integration: • Backed by notable partners like @paraficapital, @CoinbaseVentures, and prominent angels • Seamlessly integrated with leading DeFi platforms including @aave, @compoundfinance, Morpho, Spark, Silo, Radiant, and Dolomite Performance Metrics: • $3.5B+ total trading volume • $350M+ total open interest (currently ranked #2 amongst perps) Ps: Numbers speak louder than tweets. Recent Catalysts: • BTCFi and LRT integration (e.g., @symbioticfi) • Integration of @avax @LineaBuild and @BNBCHAIN, with more chains coming This expansion broadens Contango's reach and utility. Contango's own points system was launched in January 2024, and it's currently distributing 1M points weekly, adding another layer of incentive for users. Here's the current information I have on their upcoming token: • $TANGO is their utility token • Fixed Price Sale via Fjord, 6.67% of the supply available • Starts 21st Oct 12pm UTC • $45m val, same as seed round and no vesting/cliffs medium.com/contango-xyz/a… The project has raised $4.46M across several private funding rounds, with the last round valuing it at $45M. Which suggests significant investor confidence in their vision and execution throughout the entire roadmap. Concluding the thread, what sets Contango apart, in my opinion, is its focus on providing cheap, stable funding rates coupled with a user-friendly interface for leveraged trading across various markets and chains. It's simplifying complex DeFi strategies for a broader audience. In summary, Contango's ability to tap into various DeFi narratives while offering simplified, gas-efficient looping makes it a project worth watching. It could reshape how we interact with DeFi yields and leverage.

If this #Bitcoin bull cycle is done here, whales have just set a record for the least profit-taking across all cycles ever.

🚨ALERT: FAKE ACCOUNTS IMPERSONATING @ParaFiCapital TEAM Do NOT trust any communication on @X unless it comes from official ParaFi sources. - ParaFi Capital (@ParaFiCapital) is a Verified Organization (yellow badge). - All active ParaFi team members have an Affiliate Badges, visible by the ParaFi logo on their profiles. To note: These fake impersonators are verified with @X and pay a subscription, which implies that these scammers expect to profit from these fake accounts! Do NOT interact or trust any posts, messages, or content from these fraudulent accounts. Stay vigilant!

PS: We will launch TDE Pro soon, and it's your chance to increase your network like I did. DM Me to get access to the waitlist.

My previous experience in crypto was with venture funds. I started with the Analyst role and quickly moved into the Asset Management and Seed Deal department. However, I was able to land my first crypto job because I leveraged my DeFi skills. What am I doing within TheDefiEdge, by the way? We recently launched our Venture Department and have the pleasure of collaborating with some of the brightest protocols and minds. Daily, I get to speak with founders, devs and inspiring people from the space. Just to name a few @0xMantle , @0xCoinshift , @0xfluid , @ApertureFinance , @MerlinLayer2 , @AnzenFinance, @EverclearOrg , @Contango_xyz, @DeFi_Made_Here, @Defi_Maestro, @JiraiyaReal My goal with this account is to spread awareness about TDE Ventures. Show you more about what happens behind the scenes and, who knows ,maybe a bit of Alpha too ;) Last but not least, I am happy that many of the people I started following two years ago have now grown so much! My eyes are looking at: @rektdiomedes , @eli5defi , @CJCJCJCJ_ , @virtualbacon , @CryptoShiro_ , @jake_pahor Congrats to you guys for keeping it consistent. You deserve it all!

Today marks one year since I started working with @thedefiedge Two years ago, I thought the best way to land a non-technical job in crypto was to grow your X account to a certain level… Boy, I was wrong. This framework helped me along the way, and I hope it will help you too.