State of DeFi Report – February 7, 2023

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$XMON $SUDO $BLUR $LOOKS $X2Y2 $BTC $ETH $LDO $FXS $SWISE $RPL $GMX $GNS $CANTO $AVAX $NFT

Bursting Bagel thread: https://twitter.com/burstingbagel/status/1619388268226949121

Timestamps:
0:00 2023 Strategy
4:01 FUD Being Bought = Bullish
6:38 FOMO & Conviction
8:37 Stablecoin Flows
10:53 My 2023 Report Card
12:30 Reflexivity of DeFi
15:28 LDO & FXS Update
18:57 Gains Network
20:04 GMX Price Discovery
24:10 I CANTO Believe It
28:58 NFT Bull Case for Q1
32:59 Open Edition NFTs
35:55 BLUR & SUDO Bull Case
38:20 Liquidity Mining Bubbles Thesis
43:09 OpenSea’s Moat Eroding
47:37 My First Governance Proposal
53:02 Thoughts on BTC Dominance
57:50 Final Thoughts on NFTs

The goal of this channel is to think about crypto in a different way. Contrary to popular belief, crypto doesn’t have to be, “Buy and hope it goes up.” Through DeFi, there are so many ways to earn high & safe yields on your assets, which is a total game changer in terms of portfolio construction.

Yield farming is not a “get rich quick scheme,” but rather a “slow grind to more wealth” strategy. And I argue that USING DeFi is the best way to LEARN DeFi, which will present natural alpha for you in the future. I am not an ecosystem maxi, but a yield maxi. If an ecosystem presents a good risk-adjusted yield, I will be there. Subscribe to follow my journey!

#Yield #Farming #Farms #Farm