SLK Capital retweetledi
extremely impressed by @ribbonfinance’s go-to-market thus far, looking at it as something of an updated playbook
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SLK Capital
73 posts
SLK Capital
@SLK_Capital
Principal investment vehicle focused on digital assets
Katılım Ocak 2021
492 Takip Edilen13 Takipçiler
SLK Capital retweetledi
This is interesting. Wonder if lending protocols just have a lag or they are more sticky than exchanges.
mhonkasalo@mhonkasalo
Slide for our analyst call tomorrow. Focus on reflexivity in protocol price vs. activity. DEXs & perpetuals activity down from peak more than token prices. In particular, Aave & MakerDAO still near ATHs for their revenue bases.
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@sfjuvra Yes... $WNXM still 2nd cheapest asset in DeFi. We have not sold and won't sell until it's at least 2x book value.
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We believe $SUSHI is now the most undervalued token in digital assets.
A thread on valuation, upcoming catalysts, and why the recent downward price action will be short-lived Down pointing backhand index 👇
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@WillComyns @compoundfinance @MessariCrypto Thanks Will! Any commentary on this tying into token economics?
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@compoundfinance is currently developing their own blockchain, Gateway, which has the potential to change the game for cross-chain lending and borrowing. Read about it in my first @MessariCrypto piece. messari.io/article/compou…
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@spencernoon @squarespace Could see that popping up on either Arweave (PSTs) or Near
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@masonnystrom @MessariCrypto @indexcoop @INDEX_COOP @defipulse @DocumentingDPI @DocumentingMVI @DocumentingFLI @SetProtocol @josephdcook Ok that’s interesting. The second scenario would rely on the $INDEX holders having control over the treasury, which they do👍. Two other concerns:
1) lack of understanding of Set and DeFi Pulse ownership in the coop.
2) Potential inflationary issues according to supply curve.
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@SLK_Capital @MessariCrypto @indexcoop @INDEX_COOP @defipulse @DocumentingDPI @DocumentingMVI @DocumentingFLI @SetProtocol @josephdcook There are two scenarios for value accrual:
1: Index holders eventuality vote for a fee on indices
2: growth token value scenario with no fee (e.g Amazon)
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The Index Cooperative continues to become the leading index protocol in crypto.
Currently, the Index Cooperative generates nearly $4,000 per day in revenue from its various products.
🦉👇🏻
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Interesting data we pulled when trying to understand Arweave through an L1 comparative valuation framework. Note: some of the disparity in numbers makes sense (i.e. SOL should have low mkt cap/ transactions, ETH should have low mkt cap/ addresses):
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Yearn is yield farming with treasury assets and earning $500k per month in revenue 🔥🤯🔥
yearn@yearnfi
We are pleased to share our quarterly report for Q1 2021. This report has not been audited by a professional accounting firm. The report is for informational purposes only and should not be used for financial, investment, or advice of any kind. 🚀 github.com/yearn/yearn-pm…
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SLK Capital retweetledi
SLK Capital retweetledi
Multichain L1 <-> L1 DEXs are only as fast as the slowest chain being transacted on
i.e. Trading L1 ETH for L1 BTC is great, waiting an hour for 6 confirmations is bad UI, makes inventory/LP management difficult
Think wrapped L1 assets/native L1 DEX's end up winning
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@_charlienoyes @danrobinson Thanks for the great research and work! Would love to hear your thoughts on how this leads to value creation for ATOM holders? There are shortcomings in this token economics link that should be dissected
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Cosmos is the first serious alternative to shared smart contract platforms.
Application-specific blockchains are the way of the future.
@danrobinson and I explain why:
research.paradigm.xyz/cosmos-thesis
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Microsoft buys Discord to decentralize it through airdrops. Delusion, dream, future?🤷♂️
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@chasedevens What about circular risk embedded in this? Borrowing against future returns, using those borrowed assets to earn those returns
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@chasedevens Interesting... so could we view this in a way as an income sharing agreement in exchange for an advance?
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1/ @AlchemixFi is generating a lot of discussion around the idea of "self-repaying loans". Despite the attention, Alchemix's impact on our ideas of opportunity costs has gone relatively unnoticed. I attempt to shed light on this financial primitive here:
chasedevens1.medium.com/how-alchemix-f…
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Devs/PMs/etc: Would you rather join Clubhouse (pre-monetization) at a $4b valuation or a DeFi protocol at a sub-$20b valuation with $1b+ in annualized revenue?
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@chasedevens Thanks for the piece, appreciate your work! “Consume today without sacrificing principal” sounds awesome in theory, but emits a ‘free lunch’ argument. Have we thought of ways in which there is some hidden cost here? Or a risk going undetected?
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3/ Alchemix makes it so these choices are no longer mutually exclusive by providing an advance on future investment returns. This means the user can consume today without sacrificing any of their investment principal. This allows them to absorb their original opportunity cost.
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