yyctradΞr

Longed ETH and SOL I like the R/R here

Help me qualify for (3,3) on @blackhaven to get early access. Sign up through my link and grab yours before it's too late. early.blackhaven.xyz/ref/yyctrader1

JUST IN 🚨: Japan's 40-Year Treasury Yield jumps above 3.87%, its highest level in history 👻😱

Discovered my Gas ID via ETHGas - turning my gas spend into rewards 🫘 As a Divine Jack, I've spent 36.0994 ETH on gas but earned 4000 Beans back. Get your Gas ID and Beans here: ethgas.com/community/gas-…

@elethera_art @siw0bbyte @the8102game @CamelsNFT @MuskersBB @EvilTBC @SavedSoulsNFT @pepebabes @base @TheFisters @ApeChainHUB @NiFTeesNfts @GU1_PUNX @LoveGotchi @DuDuNinja1 @Wooddruff1011 @SuperChillBean @_lonederanger @xMrG__ @dtudball14 @dontDriponMe Missed quite a few missions but made it this time

@siw0bbyte @the8102game @CamelsNFT @MuskersBB @EvilTBC @SavedSoulsNFT @pepebabes @base @TheFisters @ApeChainHUB Did you send your teams to rescue Bruce? @NiFTeesNfts @GU1_PUNX @yyctrader1 @LoveGotchi @DuDuNinja1 @Wooddruff1011 @SuperChillBean @_lonederanger @xMrG__ @dtudball14 @dontDriponMe

GM friends ☀️⛵️ Less than 24h left to join our first mission of 2026: Rescue Bruce! Don't forget to screenshot your teams and post them as a Tweet to enter our yacht giveaway!

@fuegonft 🔥

1. We’ve told you WHO Fuego is. 2. We’ve told you WHY Fuego exists. 3. We’ve shared HOW Fuego works. 4. Today, we explain WHAT Fuego is: > Fuego is not just an art project. > Fuego is the community layer built alongside Lighter, designed to reward active traders and strengthen the Lighter trading community. > 90% of Fuego mint proceeds will be committed directly into Lighter’s LLP. > That commitment is focused on two core outputs: (1) Large scale, recurring trading competitions on Lighter, built for real traders, with meaningful and scalable prize pools. Participation will require Fuego ownership. (2) Strategic $LIT and Fuego buybacks with long term treasury building, with resources directed toward additional prizes and community initiatives (such as the 23 global events we helped host December). > Fuego is designed to grow and scale alongside Lighter over the long term. > Already trading on Lighter? Fuego converts trading skill into recurring, performance-driven rewards. > Not trading on Lighter yet? Fuego is your entry into a trader-first community built by early Lighter OGs and Amigos. > You now know "WHO", "WHY", "HOW", and "WHAT". Stay tuned for the "WHEN" 🕯️

Apes Together Strong.

1/ On Losing Faith Is it over? Was it all a fever dream? Have we run out of steam? Is it time to pivot to AI for real this time? 2/ Everything is dead? BTC: DAT premiums down, nobody cares ETH: Stablecoin Alts: Crushed NFTs: Right click saved Meme coins: As expected tbh Zcash: Pumping! which ofc means "cycle is over" 3/ This is the worst cryptotwitter timeline I have ever seen relative to the environment. Nobody is attacking us, USA is being reasonable and rational, no CEX has run away with our money, and yet, dead, dead, dead. No narrative, no spark, nothing. 4/ Why? I read the timeline and it tells me: a/"nobody owns BTC" (odd, I mean someone has to own BTC, there is a ton of BTC) and b/ "the gamblers have liquidated themselves (again)" - true, but it was always like this 5/ This TL feels different. This does not feel like "fuck I got liquidated", it feels like malaise, tiredness. Like boredom, to be honest. I know you think it is the price action but the price action is obviously downstream from psychology. 6/ I have a different view of what is going on. I think almost everyone forgot what matters, chased after things that did not matter and, we are in the process of discovering they don't matter. 7/ What matters? Only decentralization, only permissionlessness. Nothing else matters at all. Everything else about crypto is WORSE than a centralized database and always will be because that is how computers work. 8/ In my view, basically everyone "major" except vitalik has strayed from the light on this. Let's start with Team BTC which USED to be very interested in how to build a network that become nation-state resistant. This was the BTC of Antonopoulos, of Lopp 9/ We are 5 years into the BTC of Saylor and that BTC is 100% about driving price action. It is about driving flows to BTC, about getting fully integrated with the USA financial system. 10/ It sounds nice, it sounds better than the system beating us with a big stick, but the net effect is that more and more BTC ends up in Coinbase Custody in New York State Nothing wrong with that, but none of that BTC is nation-state resistant. It is 100% non-resistant to the US government specifically. 11/ The problem with this is that with permissionlessness off the table, the only thing left to drive purchases of BTC is FOMO. "there are only 21M, they are going to run out, you need to buy some before others do and it goes exponential" 12/ I mean, maybe that is true. I am not making price predictions, I still own BTC and always will I think. But it is cringe, and it is wrong. 13/ You can think about this by taking it to the extreme case and trying to understand which of the two scenarios adds value to the world. 14/ Scenario A: Blackrock owns all 21M BTC, everyone on planet earth owns shares in the Blackrock ETF and Brian Armstrong is in charge of making sure we don't lose Our Precious Scenario B: Everyone on earth has their own BTC wallet and BTC is distributed in several billion places around the world and it is literally impossible for any government to stop BTC 15/ In Scenario A, BTC is a complete and utter failure. It is just a pet rock. Yes it is "rare" but it is also "100% seize-able by the USA government" At which point, it might as well be an IOU from the USA government that it pinky-swears is rare 16/ "but it is not like this because other nation-states are accumulating and game theory blah blah blah" No my brothers and sisters. The exact scenario where your BTC get seized is a) centralized and b) hyperbitcoinization Maybe the Strategic Bitcoin Reserve is happening and it is your ETF and $STRATEGY (TM) capital stack all along (thank you for your contribution to our national security) 17/ To be clear, nobody is seizing your BTC (let alone your ETH) now because it is not important enough yet. But, if it was, I dunno, I would not trust those centralized vehicles. CEO, Board, shareholders, SEC, US government, state government, custody firm, their regulators all have an angle of attack on a DAT. 18/ If USA seizes BTC, other countries won't save you: EU: "Thank god our dreams have come true, we can ban it also" UAE: "grumble grumble, but fine we will go along" China: "ban. unban. ban. unban. anyway so long as currency is not free-floating, BTC won't be free here" Russia: "someone falls out of a window" 19/ Of course, BTC in ETFs is by no means the worst of it. The "crypto's main use is a casino" crowd is the worst. This is not a zero-sum game, it is a negative sum game because it is rigged. 20/ "what about the JPGs huh?" -> I still love them. The best ones are the best tokens in the world by far, rare, suffused with meaning, with no external dependencies and great to hold on-chain. And beyond the art JPGs, I think that NFTs can do many more things, but this is on me to "show, not tell" 21/ I want to circle back to BTC because it is the easiest to reason about. When people explained to me time and time again that it was a ponzi, I had a simple explanation of why it is not. 21/ BTC lets you do some things better than the existing system. "be sovereign over your money" or "send money to anyone on the planet within minutes" or "maintain an insurance policy against the existing financial system" 22/ I could not tell you how much value this had, but I knew it was not zero. In fact, the value went up the more people used it, the bigger the network was, the more people you could transact with, the more resilient it was to government censorship. These are the economics of a network system, not of a ponzi. 23/ If you take this away, if you stop building a network but instead just, at the extreme, just sell everyone shares of the ETF, well there is no network, there is no incremental network value being generated by the next buyer. 24/ In this model, BTC becomes more ponzi-like. If a new participant does not make the network stronger by joining, they are not adding value, therefore there is a fixed pie and it is just value transfer to an existing holder. 25/ Again, take it to the extreme other direction -> assume we managed to move the whole economy to decentralized rails. I think that world would be better, it would make better decisions, it would take advantage of the wisdom of crowds, there would be more transparency, less rent-seeking and the aggregate value of the world goes up because it is more productive. Some % of the improved value of the world will get captured by the early participants to the network (which is normal and fair) but some % will be captured by everyone (as a late participant or consumer). 26/ But if we don't make the world better, if the world is exactly what it is, but also we play with a pet rock, this will not happen and, well, eventually playing with pet rocks gets very boring 27/ So what to do? The same things you always should do: a/ push yourself, and by extension, the world an inch, a foot, a mile down the pathway of decentralization. many ways to do this, it is a journey, start today. b/ remember, you, yes, you in the mirror have no business trading perps or day-trading stupid coins. you are bad at it and your future self will be mad at your current self. 28/ If you must do it, carve out a budget and test how great you are across the cycle with your budget (1%, 5%, 10%, 20% of your portfolio, not all of it) I am of course a dinosaur, but my total portfolio % of "putting money into stupid coins I have been FOMOed into it" is less than 1%. It has gone about as well as you might expect. 29/ Other than that, own some BTC, some ETH, some NFTs (good ones, that you like) in a self-custodial wallet, a small number of your favorite alts if you must. And keep your job. Earn money, don't try to be a pro crypto trader, this is an imaginary job that only cobie and like 5 other people are qualified for. I have always worked, every single day of my adult life. You should too. 30/ Crypto is a bad way to get rich quick, but a decent way to get rich slowly. In any case, you should have some stake in the decentralized world, in the digital world. 31/ I think in the end, "it" will be OK but "it" it not everything, it is not most things. As it always was, most coins will go to zero, most NFTs will go to zero. These are the rules of the game. 32/ Most of you are young. You have time, you have time into the ASI world, you have the greatest gift and wealth of all. You will be ok. 33/ Don't mope. It does not help anything. If you are bummed out, sad about your outcomes, there is only one sure thing that helps. Get back to working. 34/ Even if you are young, life is short, your life is the important thing, money is just a game, just a tool, just an information system. Don't anchor to your wealth, don't anchor to your ATH, it is not real, my ATH wealth has gone down 90% multiple times. Note it and just keep going. If you are healthy, in a decent country, in a half-decent economic situation, you are better off than almost anyone who has ever lived 35/ If you have an opinion (even a dumb one) about Monad or Grifters, you are in the 0.001% most forward thinking people in the world. Did you make a "mistake"? Who cares, everyone makes mistakes - keep going, keep trying, keep making mistakes, eventually you will find your way, you will get a win. This is how it goes. 36/ use a hardware wallet and even better a SAFE 37/ and to close again with the most important thing. decentralization is the only thing that matters. if you go in that direction, if we go in that direction, in the end, it will be ok. i have no doubt about this, i have never had any doubts about this, it matters so much more than you think it does. /the end

Early Black Friday sale

@Pivot922 Too many degens get chopped up on the way down and end up with no capital to bid the bottom

Respectfully, if bottom is in You don't need to bottom tick If you are looking to position with size or even just be comfy in position and sleep at night Waiting and having patience is what's needed Plenty of meat left on the bone if HTF bottom

Here's a few insights on what I think is happening and how it's likely to affect us all as DeFi lenders and borrowers in the comings days/weeks... + First there is the Balancer exploit, one that hit a very trusted protocol and wiped out $128M. That money is gone for good, and its lasting impact is just fear of what happens if I'm exploited in a blue chip protocol. But I don't think this matters as much as others think. Maybe smarter money will purchase cover from Nexus Mutual to sleep better at night, after having assumed they were safe in more trusted protocols with a clean track record. + In terms of Morpho / Euler style vault protocols, they are working as intended. They will take some heat cuz everyone loves to point the finger the minute they fuck up with their own money but truth is, Morpho/Euler were never about curating markets, they just allow for maximum freedom to access markets built on their protocol. + What's happened in the last year is that there were too many vaults being created by curators IMO. The market demanded isolated markets for more long tail assets and the curators were there to meet the demand. I am a proponent of having this ungated access to any/all markets, let users decide where they deploy, and if they blow themselves lending to shit borrowers, so be it. I don't want anyone to tell me what I should or shouldn't have access to. Onchain, we decide but with great power, comes great responsibility, responsibility to know what the fuck you're lending to. + Morpho, Euler, Silo, Gearbox, etc all provide powerful tools and templates for creating a lending/borrowing market, often but not always stamped with some approval by a curator who carries whatever credibility to say "this market has been vetted by us, we're not guaranteeing it's always safe or that you'll enjoy instant liquidity to withdraw, but we are clearly, kind of endorsing you should be able to lend and withdraw when necessary, and borrowers should enjoy competitive (maybe even underpriced) borrowing rates for their favorite collateral. Collaterals no one else could support in shared pooled money markets like Aave." + Now that someone finally blew up on bad collateral, that means there's lenders who are going to incur real losses, as they should as painful as that may be. But the curators are not just curators, they also run liquid strategies themselves and act as lenders/borrowers who have benefitted from artificially low DeFi interest rates in good times. They move massive amounts of liquidity vault to vault, allowing them to maintain competitive borrowing rates, rates that they and other parties use to loop for very profitable yields. For example, if you were holding a Pendle PT with a fixed APY of 15%, the ability to borrow at 86.5% LTV, at 6-10%, is pretty awesome! Just deposit the PT, borrow maximum USDC, swap on Pendle for more PT, deposit PT, and repeat until you achieve about 6-7x leverage, resulting in a net yield of ~50+% APY. + The problem is now that there's a real loss among stablecoin lenders for those who were lending to xUSD collateralized borrowers, and for those who straight up held xUSD, there's some panic to withdraw from other markets, a realization that there's some real risk, even though nearly all of these existing isolated markets have zero exposure to the damage from xUSD. Nearly all these loopers can unwind positions, safely. And as they do, certain lenders might choose to withdraw for whatever reason they have (fear, panic, worry over contagion). + So with that desire to exit other markets, there's a demand that suddenly cannot be met without borrowers paying back their debt, but with so much looping, many of the largest lenders are also borrowers, because they were looping too. + That means, we will simply see more market participants, including curators who are running their own liquid strategies, unwind their looped stablecoin positions. In order for that to happen, interest rates had to spike on many of these isolate markets to scare loopers / incentivize them out of their positions. + I woke up this morning to a few of my own looped up positions, which although they were safe and unexposed to any of the xUSD debacle, the markets were suddenly 100% utilized because other lenders have withdrawn excess stablecoin liquidity to either exit completely or move to other markets. + For someone like me in a looped PT-stablecoin position, it's not a big deal, just means my looping is no longer profitable as I earn 15-20% fixed on collateral while borrowing at 30-40% in debt so I'll unwind it by withdrawing PT collateral, swapping back to USDC, paying back my USDC, withdrawing more PT collateral, etc. As I do so, it will free up capital for lenders to withdraw, even though I'm a small fish in a big pond. + There's nothing to stop me from unwinding right now, it just takes a few mins of effort and my guess is bigger money is doing the same thing because there's no more certainty that rates will return back down and the same liquidity will generously be allocated by MMs/curators to sustain lower interest rates in these curated markets. TLDR: I am optimistic that we have come a long way since 2021/2022 and despite a number of blow-ups yet to surface from Oct 10th and the lost money from this xUSD meltdown, a lot of this is relatively safe stablecoin leverage that was flying high due to mispriced borrowing rates, and so now it needs to unwind a bit. My advice is if you're not 100% certain of what you're lending to or exposed to, or you just have trouble sleeping on any exposure, just unwind it and exit. I exited leveraged PT looping in profit. If you looped up with locked in higher PT rates, that's a consideration too but for the most part, there's always more Pendle PT lending opportunities so exiting now shouldn't weigh too much on you. There's always better opportunities ahead.

Yield optimizer @StreamDefi has disclosed a $93 million loss, sparking fears of contagion across DeFi. Stream's xUSD trades below 30 cents amid growing concerns over the protocol's solvency. @Squiffs_ reports: thedefiant.io/news/defi/cont…

@boldleonidas @krakenpro

JUST IN: 🇺🇸🇨🇳 $150,000,000 worth of crypto longs liquidated following President Trump's meeting with Chinese President Xi Jinping.

BREAKING @megaeth ICO commitments have crossed $1 billion @Squiffs_ reports: thedefiant.io/news/blockchai…

appreciate it but no need for that just drop your favorite ohm/ohm fork memories + screenshots in the comments