LΞGΞNDARΞTH

Ultimate Beginners Guide to the Crypto Universe: A 21-Article Series In the ever-evolving world of blockchain and cryptocurrency, staying updated is crucial. To aid both newcomers and seasoned crypto enthusiasts in their journey, we've meticulously written a 21-article series that dives into the subjects of Blockchain, Crypto and DeFi. Chapter 1: Blockchain Basics 1: What is Blockchain? - The Digital Ledger Revolution x.com/Legendareth/st… 2: How Does Blockchain Work? - Nodes, Blocks, and Chains x.com/Legendareth/st… 3: Types of Blockchain - Public, Private, and Consortium x.com/Legendareth/st… 4: Blockchain Security - How Safe is Your Block x.com/Legendareth/st… 5: Smart Contracts - The Digital Handshake x.com/Legendareth/st… 6: Blockchain Use Cases - Beyond Just Bitcoin x.com/Legendareth/st… 7: Blockchain's Limitations - It's Not All Rainbows and Unicorns x.com/Legendareth/st… Chapter 2: Crypto Essentials 8: What is Cryptocurrency? - More Than Just Digital Dollars x.com/Legendareth/st… 9: How to Buy Cryptocurrency - Your First Steps into the Crypto World x.com/Legendareth/st… 10: Crypto Wallets - Where to Keep Your Digital Treasures x.com/Legendareth/st… 11: Crypto Exchanges - The Marketplace of the Future x.com/Legendareth/st… 12: Altcoins and Tokens - Bitcoin's Extended Family x.com/Legendareth/st… 13: Mining and Staking - How to Earn Crypto x.com/Legendareth/st… 14: Crypto Taxes - Uncle Sam Wants His Share x.com/Legendareth/st… Chapter 3: DeFi Introduction 15: What is DeFi? - Banking Without The Bank x.com/Legendareth/st… 16: Yield Farming - Harvesting Digital Crops x.com/Legendareth/st… 17: Liquidity Pools - Dive In, The Water's Fine! x.com/Legendareth/st… 18: Decentralized Exchanges (DEXs) - No Middleman? No Problem! x.com/Legendareth/st… 19: Stablecoins - The Calm in Crypto's Turbulent Seas x.com/Legendareth/st… 20: NFTs - Digital Artistry and Beyond x.com/Legendareth/st… 21: Risks and Rewards of DeFi - The Highs and Lows of Being Your Own Bank x.com/legendareth/st… I hope you were able to learn some of the Blockchain, Crypto and DeFi basics reading the above articles. Stay informed and keep learning if you want to continue navigating the world of crypto. If you liked this, please let me know! Want to read more and stay informed? Give me a follow!

@LeonardoDPinchy @solana Will check 💪🏻

@Legendareth @solana $SCOUT, $JAIL, $BING, $DRU

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@CrossChainAlex 😅

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Whatever happens … Don’t let it ruin your day

@Factor_Intern As long as it is not Walter White you are good.

Somethings cooking!

🎵 I see bribes in green, Cash-stuffed in white, The deals of the day, Made out of sight, And I think to myself, What a wonderful world.🎵

@Factor_Intern GM bribes, I'll have some.

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@NickNFTn ETH?

Which memecoin is ready to do this?

Thoughts?

@TedPillows Taking in account your pics perspective, you are on one of these?

GM☕️. Biking to my office 🇳🇱

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Hey veFCTR holders, would you sell your voting rights if you could? *Recap: Voting = Influence Scale emissions + More rewards via Boost & Bribes

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@BabaYagaStorm 🪄

"In the shadow of the blood moon, Baba Yaga emerges from the depths with fiery magic and an unbreakable spirit. Join the legend on the Solana blockchain and be part of a mystical journey like no other! #Babayaga $Baba

1/ The Ethereum ETFs are set to go live on July 23rd. There are a number of dynamics present with the ETH ETF that have been overlooked by the market & which were not present with the BTC ETF. We take a look at flow predictions, ETHE unwinds & the relative liquidity of ETH: The fee structure of the ETF ETFs is similar to that of the BTC ETFs. Most providers are waving their fee for a specified period, to help accumulate AUM. As was the case with the BTC ETFs, Grayscale has the maintained their ETHE fee at 2.5%, an order of magnitude larger than other providers. The key difference this time around is the introduction of the Grayscale mini ETH ETF, which previously wasn’t approved for the BTC ETF. The mini trust is a new ETF product by Grayscale that originally disclosed at 0.25% fee, similar to the other ETF providers. Grayscale’s idea here is to capture a 2.5% fees on lazy ETHE holders, whilst funneling more active and fee sensitive ETHE holders to their new product, instead of having funds siphoned to low fee products such as Blackrock’s ETHA ETF. After the other providers undercut Grayscale’s 25bps fee, Grayscale came back and reduced the mini trust fee to only 15bps, making it the most competitive product. On top of this, they moved 10% of ETHE AUM to the mini trust and gifted ETHE holders this new ETF. This transition was completed at the same basis, meaning it was not a taxable event. The resultant effect is ETHE outflows will be more muted as compared to GBTC as holders simply transition to the mini trust. Now we look into flows: There have been many estimates for the ETF flows, some of which we have highlighted below. Taking the estimates and standardizing them yields an average estimate in the $1bn/month region. Standard Chartered Bank offers the highest estimate with $2bn/month, while JP Morgan is on the low end at $500m/month. Fortunately, we have the help of Hong Kong and European ETPs as well as the closing of the ETHE discount in order to help estimate flows. If we take a look at the breakdown of AUM in HK ETPs, we arrive at two conclusions: 1. The relative AUM BTC and ETH ETPs are overweight BTC vs. ETH, the relative market cap sits at 75:25, while the AUM sits at a ratio of 85:15. 2. The ratio of BTC v ETH in these ETPs is reasonably constant and in-line with the ratio of BTC market cap to ETH market cap. Looking at Europe, we have a larger sample size to look at – 197 crypto ETPs with a cumulative AUM of $12bn. After we boil down the data, we find that breakdown of AUM in European ETPs is broadly in line with the market cap for Bitcoin and Ethereum. Solana is over allocated relative to its market cap, this comes at the expense of ‘Other crypto ETPs’ (Anything not BTC, ETH, or SOL). Setting Solana aside, a pattern is beginning to emerge – the breakdown of AUM globally between BTC and ETH broadly reflects a market cap weighted basket. It’s important to consider the potential for ETHE outflows considering the GBTC outflows were the genesis of the ‘sell the news’ narrative. In order to model potential ETHE outflows and its affect on price, it’s useful to look at % of ETH supply in the ETHE vehicle. Once adjusted for Grayscale mini seed capital (10% of ETHE AUM), the proportions of ETH supply as a function of total supply existing in the ETHE vehicle is similar to that of GBTC at launch. It’s unclear what proportion of GBTC outflows were rotational vs. exit, however if we assume the proportion of rotational flows to exit flows is similar, ETHE outflows have a similar impact on price to GBTC outflows. Another key piece of information that most are overlooking is the ETHE premium/discount to NAV. ETHE has been trading within 2% of par since May 24th – whereas GBTC first traded within 2% of NAV on Jan 22nd, only 11 days after GBTC converted to an ETF. The approval of the spot BTC ETFs and their effect on GBTC was slowly priced into the market, whereas the ETHE discount to NAV trade has been far more telegraphed with the story already written with GBTC. By the time the ETH ETFs go live, ETHE holders will have had all of 2 months to exit ETHE around par. This is a key variable that will help stem the ETHE outflows, specifically the exit flows. Continued in the next tweet >

@Factor_Intern @FactorDAO It's a work in progress but I'm getting there.

@Legendareth @FactorDAO Yous need learning sharing sir

I want all those rewards for myself! (@Factor_Intern can have some 2) So people, please don't stake your FCTR on @FactorDAO and screw up my % on the 3 incentives they offer!! 😅😂

@FactorDAO @Factor_Intern Must...learn...to...share.... I'm sorry ser @FactorDAO

@Legendareth @Factor_Intern wat no stake