DND 🐈‍⬛ | DeFi

Why I'm Bullish on Kujira ($KUJI): Not A Thread 🧵👇 @TeamKujira is has the most insace TVL to Mcap mis-pricing now. And other than that, here's the reasons why $KUJI will explode in 2024: ✅ Bullish Ecosystem: $KUJI stands out in the Cosmos ecosystem, embodying what Luna aimed to be. Its potential is massive, especially with the upcoming release of a mobile wallet. ✅ January Optimism: Expecting rallies for $KUJI and others. The token's short-term volatility doesn't overshadow the long-term potential. ✅ Superior Performance: Compared to L2s, $KUJI is outperforming, despite challenges like low APY for stakers and liquidity issues. Its meritocratic nature and potential for EVM integration and Cosmos liquidity support are key. ✅ Unique Value Proposition: $KUJI's TVL to Market Cap ratio, upcoming last team unlock, and presence on major CEXs set it apart. 𝐖𝐡𝐚𝐭 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞 𝐝𝐨𝐞𝐬 $KUJI 𝐡𝐚𝐯𝐞? 📌 Onboarding Challenges: While $KUJI's value proposition is strong, we need to simplify the process for newcomers. The Kujira community needs to assist in onboarding. @TeamKujira is more than a project; I'm paying my full attention to this project and will write more about it. If you liked my post and outperform others, plz like this post and follow @defi_dnd.

FOMC holds rates steady No explicit signal of a September rate cut, but some very meaningful changes in the top of the statement: -The dual mandate is back -Inflation has been downgraded from “elevated” to “somewhat elevated”

@0xENAS it happened the way it is written indeeeeeed

@0xENAS 20 x ,.

@0xENAS legit advice

@0xENAS Net profit 8m? wOw

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Comment your weekend vibes

@pauluspham0701 @katedaynee Interesting place. Is there any upcoming event?

Is there any crypto degen in HCMC

@degargoyle Great insight

Why is $BTC dumping? This is the result of combined many factors Mt. Gox, ETFs, halving, Germany, and much more I've prepared a full analysis of the current situation 🧵👇

@DefiIgnas 99% of the meme coins are meant to be held less than 12 hours

I try to sound clever but... I bought a few memecoins on Solana's EVM (Neon) trying to 'front-run' the narrative and waited for degens to arrive. It never happened.

@CryptoStreamHub wrong clock is right twice a day

I see lots of "clever" people on this platform with all sorts of "clever" posts, e.g., they give tips on finding cheap tokens or valuing certain metrics. But they never share any trades or actual tokens. Could it be that they aren't trading and only trying to act smart? 🧐

@TaikiMaeda2 but it will benefit the chain in the long term cus by doing so it will attract real l2 users to zksync

What if the ZkSync team recognizes their entire chain is Sybil activity so they allocate a larger % airdrop to ARB/OP (organic L2) users instead Max pain for the industrial farmers They won’t do it tho cuz doing this will be them admitting their chain has no users

or AI + Bitcoin

AI + crypto is the future

@0xBlurz @fantasy_top_ how do you make top 150 deck with 3 eth can you elaborate on it

So @fantasy_top_ will have close to 3 million gold to distribute before the end of the month. Yet, you are still able to make a top 150 deck with 3eth. Which will equate to potentially 2k+ gold (4eth+). Such an inefficient market, not enough users are taking advantage of. This is before season 2 of @Blast_L2 is even brought into the calculation. Fantasy Top will easily be a top 3 gold earner going forward. You can dislike the platform, but don't ignore the opportunity.

Meme season?

@ketzalco @DefiIgnas well said

I agree. But the apps that are actually useful (there’s a few) don’t attract users because they might lack “number go up” architecture. That’s how everything converged to memecoins, because after all this time the question is not: does the product have a token? —> The token is the product. We accept this, we work with this, and we push forward as an industry.

This bull run is boring. Instead of crypto-native innovations, it’s driven by external factors: • BTC/ETH ETFs • Government policy flip flopping • Potential interest rate decreases, etc. To turn this bull market into a super-cycle, we need strong internal innovations to attract retail and keep them entertained while seeing our paper gains inflate. Without invigorating the internal crypto casino, even crypto natives will simply hold BTC, ETH, SOL due to unfavorable risk/reward ratios. Coinbase trading volume data shows retail isn't here yet. No wonder that @DegenSpartan doesn't even tweet anymore. ---------- I liked the positioning of the 2020-21 bull run. It was a perfect storm: Covid forced governments to print money, while people speculated on new innovations: • NFTs • DeFi yield farms • P2E games like Axie Infinity • Metaverse Multiple innovations kept us engaged back then, but this bull run lacks internal catalysts. Currently, we just farm points or speculate on memecoins. Memecoins are fun, but unless you have a special edge, earning money isn't easy. Influencers and pump-and-dump groups feast on naive traders. Points is a declining airdrop trend where the rich get richer based on deposited funds and trading volume. Most airdrops are now linear, and LayerZero anti-sybil efforts could change the airdrop game. Point-based airdrops make the rich richer, and memecoins make the poor poorer. ------ So, what innovations can bring retail fervor back? I’m bullish on the restaking narrative as it boosts yields and demand for ETH. But restaking isn’t appealing to retail; it’s a game for whales, though innovative AVSs could attract tech-savvy retail. BTCFi with Ordinals and Runes is another favorite innovation of this cycle. But due to technical complexities and lack of a clear value proposition, even tech-savvy Ethereans/Solana degens aren’t too interested. We need something that revives our degen spirits and attracts new retail users while actually making money for them. It's hard to predict what could be the NFTs/P2Es of this cycle, but my bet is on new-generation consumer apps. There are already signs of it happening: • Fantasy top, Friend Tech, pumpdotfun, and Yolo games entered top dApps by revenue. • Farcaster has 59k DAU and growing (rewarding them with native-tokens) • Polymarket grows more mainstream. • New-gen GameFi games are popping up. I’m bullish about consumer apps because they innovate on user reward mechanisms and tokenomics, providing a way out from the low-float, high FDV issues plaguing this cycle. Friend tech giving 100% of the $FRIEND is a good sign. Yet, there are still too few popular consumer apps. We need more! And if not consumer apps, what other internal catalysts do we have?

@milesdeutscher fucking love bali

Gm from Bali! ☀️

“bro, wat is mitosis” An explanation of @MitosisOrg, in (very) simple terms. 🧵