Momir Profile Banner
Momir Profile
Momir

@momir_amidzic

2,025
Followers
1,723
Following
87
Media
1,918
Statuses

投研 @IOSGVC . My opinions are my own. 'The impetus to start at all necessitates a level of naivete.'

Joined October 2017
Don't wanna be here? Send us removal request.
Pinned Tweet
@momir_amidzic
Momir
6 months
Recently we entered a point where VCs place excessive emphasis on the short-term potential FDV of projects, despite typically being locked in and having no prospects of exit for over 3 years. Valuations that seemed unthinkable in the primary market 6 months ago are now seen as
18
53
277
@momir_amidzic
Momir
3 years
Fun fact: @CurveFinance has roughly the same amount of TVL as Solana and Avalanche combined.
12
86
767
@momir_amidzic
Momir
4 months
On Bitcoin L2s When considering Bitcoin Layer 2 solutions, I start with a simplified model focused on three key design decisions: 1. How do you bridge BTC? 2. How and to what extent do you inherit Bitcoin's security? 3. How do you handle the data availability (DA) issue? 1.
Tweet media one
Tweet media two
18
32
147
@momir_amidzic
Momir
3 years
@CurveFinance is the first AMM to introduce the idea of liquidity amplification, positioning itself as the most capital efficient AMM with a niche in stablecoin swap. Besides this, Curve stands out due to its unique user profile. ⬇️
11
26
160
@momir_amidzic
Momir
3 months
Crypto x AI map v2 Thanks to @bidhanxyz for the review
Tweet media one
@momir_amidzic
Momir
5 months
Doing Crypto x AI mapping in preparation for Did I miss something? @ronbodkin @chiefbuidl
Tweet media one
8
5
55
7
11
102
@momir_amidzic
Momir
2 years
There is no easy way to win or be right. It requires both intellect and character. Intellect to understand the nuances and make the right decision, character to stick with your decisions in times of adversity. I'd argue the latter one is even more important.
2
1
66
@momir_amidzic
Momir
3 years
We analyze the reasons that could lead to DEX aggregators becoming a synonym for on-chain trading. Thanks to @abandeali1 , @0xfulvia , and @theogonella from @0xProject for providing valuable feedback. A 🧵:
5
15
54
@momir_amidzic
Momir
5 months
Doing Crypto x AI mapping in preparation for Did I miss something? @ronbodkin @chiefbuidl
Tweet media one
8
5
55
@momir_amidzic
Momir
5 months
There is no greater opportunity in the crypto-venture market today than trying to disrupt Tether and its $5B AR🥮 @usualmoney is the only project that has some chance of doing so The product that can scale to ♾, an incentive structure never seen before, and the team with the
@usualmoney
Usual
5 months
💥Just the beginning! Usual Labs has successfully raised $7M in a strategic funding round and secured $75M in TVL! Get ready for a revolutionary shift where users can own a piece of their fiat-backed stablecoin issuer. Change is here! #JoinTheAlternative 🔮
Tweet media one
302
13K
11K
5
7
40
@momir_amidzic
Momir
1 year
Exciting Token 2049 week in Singapore. There is a growing FOMO surrounding Asia with projects placing startegic focus to the East, especially in the midst of regulatory uncertainty in the US. In addition, deep communities, technical prowess, a vast user base, the largest crypto
Tweet media one
Tweet media two
Tweet media three
0
1
39
@momir_amidzic
Momir
2 years
Verticals that were overinvested this year:
4
6
34
@momir_amidzic
Momir
3 years
Together with @sui414 , we explore data to check how good @Uniswap v3 actually is! If you were to explain v3 in two words only, it would be capital efficiency. Therefore, we first examine how capital efficient v3 actually is. ⬇
3
9
26
@momir_amidzic
Momir
2 years
@AutismCapital I need to know is Sam playing video games
0
1
24
@momir_amidzic
Momir
6 months
A comparison nobody asked for: @eigenlayer vs @Polkadot Overlaps: - modularizing trust and enabling easier innovation at the infra layer - reducing the cost of capital necessary to launch new blockchains/middleware Differences: - uniform vs non-uniform security - security
3
1
27
@momir_amidzic
Momir
2 years
@hasufl agreed
Tweet media one
0
1
25
@momir_amidzic
Momir
3 years
Just a few weeks ago Metamask reached a huge milestone breaking $100M revenue in 2021! Thanks to @DuneAnalytics we get to understand the data behind this success. ⬇️
3
7
25
@momir_amidzic
Momir
3 months
Crypto-founder maturity cycle: - Newbie: All about tech and research, thinks writing thoughts on X is a waste of time. - Second-cycle founder: Thought leader on X, spends hours on AMAs, podcasts, and community building. - Pro: Masters token design, obsessed with listings and
4
2
22
@momir_amidzic
Momir
3 years
Finally, with the increasing adoption of layer 2s, the subsequent liquidity fragmentation and demand for transferring tokens between layer 2s and layer 1 could be a perfect landscape for further growth of Curve.
1
0
17
@momir_amidzic
Momir
3 years
Namely, the average Curve user generates above $1.3M volume daily (over the past 30 days), much above any other DEX in the space. For instance, the average Uniswap user generates $23k daily.
Tweet media one
1
1
18
@momir_amidzic
Momir
4 months
🙏 ChainML/Theoriq was our first investment in the crypto x AI space in 2022, during the deep bear market. Seeing a portfolio project reach a significant milestone is one of the most fulfilling experiences as an investor. @ronbodkin and the team deserve all the credit; without
2
1
19
@momir_amidzic
Momir
3 years
Looks good to me! Nothing provides more validation to a protocol than performance during extreme market downturns such as those of May 19th. Well done @LiquityProtocol
Tweet media one
1
4
19
@momir_amidzic
Momir
3 years
Why is it so? Primarily because of the above-mentioned capital efficiency. Thanks to its innovative design, moving prices in Curve is several times harder than in XYK DEXes such as Uniswap or Sushiswap
1
0
14
@momir_amidzic
Momir
2 years
@KyleSamani wasn't that thesis for Serum and Solana?
3
0
15
@momir_amidzic
Momir
3 months
I thought its public knowledge but seems it isn't If you deposit ETH as a collateral in Ethena you essentially gave up on the ETH price upside exposure, similar to the action of selling ETH at the market price If you want to get access to the stablecoin while keeping ETH price
0
1
16
@momir_amidzic
Momir
3 years
What does makes them different is that moving prices on Curve is much harder and therefore capturing arb opportunity requires large amount of capital, often likely to involve flash loans.
1
1
15
@momir_amidzic
Momir
1 year
1/14 IMHO the DeFi primary market has been largely uninvestable over roughly the past two years. New projects use incremental innovations to attack established players, focus on too niche areas, or try to become the first to launch already-seen solutions on new L1/L2.
1
3
15
@momir_amidzic
Momir
3 years
Being the intermediary in this process, Curve could attract more diverse token offering and scale its volume several times.
1
0
13
@momir_amidzic
Momir
6 months
@alice_und_bob when you negotiate the valuation of a primary market deal it's hard to come up with terms like let's agree on a circulating supply at year 3 post-TGE and value this round accordingly, projects often don't have their token distribution details set in stone (especially in earlier
0
1
14
@momir_amidzic
Momir
1 year
Sharing some notes on @InfPools It introduces the concept of infinite leverage and creates great marketing around it, but what it really is? "If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck." ⬇️
1
3
12
@momir_amidzic
Momir
7 years
@JHahnEU @SasaRadulovich @eu_near @MiKarnitschnig @kyriacosch @CalaveraRuiz Mr Hahn, please stop supporting criminal government and false opposition in Serbia. Show us EU values in practice.
1
1
13
@momir_amidzic
Momir
2 years
@myanTokenGeek @SolvProtocol imo, Solv is one of the pioneers in the creation of DAO bond market. some other areas for UL: - consumer credit (salary streaming platforms might be best positioned to support it) - margin trading (control assets within escrow wallet to enable liquidations)
2
2
11
@momir_amidzic
Momir
3 years
Anytime price discrepancy is large enough, an arbitrageur would have to execute large trades to make any price impact on Curve. Being predominantly driven by arbitrage activity doesn’t make Curve unique, arguably >80% of Sushiswap / Uniswap volumes are driven by arbitrage.
1
0
13
@momir_amidzic
Momir
2 years
Space & Time as the first decentralized data warehouse is working on a cutting-edge technology. @chiefbuidl 's and @holiday_nate 's experience in the data space is nothing short of impressive and we have no doubt in their ability to deliver such a complex task.
1
4
13
@momir_amidzic
Momir
1 year
1/ Happy to share another opinion piece on @DefiantNews , this time exploring the liquid staking vertical and the impact of the recent "Shapella" upgrade.
3
2
13
@momir_amidzic
Momir
3 years
Nice milestone for Perp v2, $1B traded on @optimismPBC Congrats! @tempofeng
Tweet media one
1
0
11
@momir_amidzic
Momir
3 years
Although, Curve is focused on stablecoin swaps only, tokens within the same pool could still experience price fluctuation relative to each other e.g. tBTC and renBTC are not necessary 1:1.
1
0
11
@momir_amidzic
Momir
1 year
1/ In new article, we discuss derivatives DEXs landscape post-FTX crash and dive into design choices that helped @dYdX & @GMX_IO achieve leading market positions ⬇️🧵
Tweet media one
1
5
12
@momir_amidzic
Momir
3 years
How in the world could simple constant product AMM replace the likes of Binance and Coinbase. Moreover, DEX is so expensive to use. Doomed to failure, right? Nowadays, the above looks funny. But, only two years ago it was the concern of many.
1
2
11
@momir_amidzic
Momir
3 years
i.e. x and y balance have to be materially disrupted to make an impact on prices due to the low slippage.
Tweet media one
1
1
12
@momir_amidzic
Momir
8 months
If countries were blockchains:
Tweet media one
2
1
11
@momir_amidzic
Momir
3 years
In the following dashboard, we dive deeper into what we believe could be the next big story of DeFi @SynFuturesDefi @DuneAnalytics
2
5
9
@momir_amidzic
Momir
10 months
Templates for tweets right now 1) {token_name} at {current_price x 10} Few 2) Lessons I learned from past bull market and how I plan to 10x my wealth this time A thread 3) Let me tell you why SOL is super bullish anon 4) I accumulated ton of {shitcoin_name} in
3
0
11
@momir_amidzic
Momir
1 year
2/14 Recently, I’ve been getting more optimistic as some tech solutions that could power next-generation DeFi protocols have been maturing. In the new piece, I discuss the opportunities that could be unlocked with novel data primitives: 🧵
1
2
11
@momir_amidzic
Momir
7 years
@BetaNewsAgency Mora da je burazengija pokupovala zemljiste u tom delu pa da skoci cena
0
1
9
@momir_amidzic
Momir
2 years
In the following article, I revisit @pmarca 's 2007 essay, "The only thing that matters", in the context of Web 3.0 investing, and discuss the importance of product-market fit for dApps. ⬇️🧵
1
4
9
@momir_amidzic
Momir
2 years
1) The SBF/crypto circle-jerk
@SBF_FTX
SBF
2 years
1) The financial circle-jerk
291
907
4K
1
4
8
@momir_amidzic
Momir
8 months
Su Zhu can literally shill you anything
@EvgenyGaevoy
wishful cynic
8 months
Tweet media one
29
91
895
0
1
7
@momir_amidzic
Momir
2 years
drinking game idea: drink whenever you read ZK
4
0
8
@momir_amidzic
Momir
2 years
might as well retweet myself
@momir_amidzic
Momir
2 years
@KyleSamani @Fiskantes @attertweet can't easily fork security + nodes that provide that security
0
0
6
0
0
8
@momir_amidzic
Momir
2 years
Trusted data platforms are incompatible with Web 3.0 vision. Most of the Web 3.0 analytics tools are built as centralized Web 2.0 businesses. Even some of the Web 3.0 native solutions have to be trusted.
Tweet media one
@SpaceandTimeDB
Space and Time
2 years
We are teaming up with innovative partners, Defi, and Gamefi ecosystems to deliver the first decentralized data warehouse!
Tweet media one
14
61
153
1
0
6
@momir_amidzic
Momir
8 months
Solana marketing - the benefits of being toxic Solana proved once again that in crypto world prices lead fundamentals and not the other way around. While suffering one of the largest drops in active ecosystem developers and the amount of stablecoins locked on Solana (among
1
0
7
@momir_amidzic
Momir
3 years
How much TVL is too much? Checking TVL turnover can imply how efficiently AMMs are managing their respective TVL. Over the recent period, @BreederDodo appears most efficient according to this parameter.
Tweet media one
1
1
7
@momir_amidzic
Momir
2 years
1) gaming - a bunch of Ponzi, money grabs & rug-pulls; most projects didn't raise enough to build quality games; underwriting early-stage games is tough; most gamefi analysts are full of BS; if you are LP in a P2E fund I wonder how you made money in the first place🙂
1
0
7
@momir_amidzic
Momir
2 years
14) When deployed correctly, modern finance can be breathtaking: seamlessly providing financing to innovative ideas, with the sharpest investors getting paid back a lot in the long term. When deployed recklessly, it can be breathtaking, I guess, just in a different way.
1
0
7
@momir_amidzic
Momir
2 years
Coinbase looks like Craigslist
@JasonYanowitz
Yano 🟪
2 years
This is Coinbase's entire suite of products. Best case: Coinbase becomes the Google or Microsoft of crypto and everyone interacts with their products daily in one way or another Worst case: 95% of these products get beat by startups that are hyper focused on each category
Tweet media one
37
46
333
1
0
6
@momir_amidzic
Momir
3 years
As discussed in many pieces, @perpprotocol is currently the market leader in the derivatives DEX space, primarily because it generates the largest volumes.
Tweet media one
1
1
5
@momir_amidzic
Momir
1 year
8/14 Our investment thesis revolves around the fundamental belief that tamperproof data will serve as a bedrock for empowering the next generation of DeFi protocols. Projects building in this space: @SpaceandTimeDB , @nil_foundation , @axiom_xyz , @brevis_zk , @HerodotusDev , etc.
Tweet media one
1
1
7
@momir_amidzic
Momir
2 years
Understanding the quality of fundamentals: Benchmarking projects based on commonly adopted ratios is an easy and fast way of getting a sense of market valuations. But,⬇️
2
1
7
@momir_amidzic
Momir
2 years
prices go up and down quality content remains
@Cryptanzee
Chimp
2 years
Crypto Doomsday
1K
4K
15K
0
1
7
@momir_amidzic
Momir
2 years
VCs trying to hit the next unicorn
@kurtisjbolton
Kurtis
2 years
Got to love Worcester ay
5K
50K
464K
1
0
7
@momir_amidzic
Momir
2 years
Congrats on bringing amazing partners onboard! 0x Labs has several projects in their portfolio with a clear product-market fit. Doubling down in the most recent round has been a straightforward decision for us. @abandeali1 @willwarren
@abandeali1
Amir Bandeali 🍵
2 years
2
0
13
0
2
7
@momir_amidzic
Momir
2 years
@KyleSamani @Fiskantes @attertweet can't easily fork security + nodes that provide that security
0
0
6
@momir_amidzic
Momir
2 years
5) hardware wallets - will become obsolete in a few years. Expect major phones to eventually embed hardware wallets into devices. Also, smart contract wallets will largely remove the need for hardware
2
2
6
@momir_amidzic
Momir
3 years
As illustrated, v3 can turnover TVL much faster than v2 or @SushiSwap , where at peaks $1 TVL provided to v3 translates into more than $1.7 volume daily.
Tweet media one
1
0
6
@momir_amidzic
Momir
5 months
@stutireal
stuti @ kraken ventures
5 months
Our decision to invest in @usualmoney with @IOSGVC lies in the recognition of stablecoins as the biggest frontier in crypto, offering a market cap as expansive as money itself: $80T+. We believe they will master the "mullet" 🧵 👇 @Pierr_Person @hugosdc
5
2
22
1
0
6
@momir_amidzic
Momir
3 years
Now that we observed v3 advantages, how about the drawbacks? V3 inherits the impermanent loss issue, however, the size of the loss depends on the LP behavior. Namely, while in v2 LPs were rather static relative to arbitrage,
1
0
6
@momir_amidzic
Momir
7 years
Zelite da postane doktor nauka online? New York jebote!
0
4
6
@momir_amidzic
Momir
1 year
11/14 Besides, we discuss the demand for verifiable computing/machine learning to run over tamperproof data. @chainml_ @gensynai @togethercompute @akashnet_ @ModulusLabs @gizatechxyz
Tweet media one
1
3
6
@momir_amidzic
Momir
2 years
@wilburforce_ were there any users on Serum, ever?
1
0
6
@momir_amidzic
Momir
2 years
Huge milestone! One of the most agile teams in the space LFG
@Footprint_Data
Footprint Analytics
2 years
👣Footprint Analytics' data API is now online! 📧Feel free to contact us by email: analytics @footprint .network
Tweet media one
Tweet media two
Tweet media three
Tweet media four
2
38
85
0
3
5
@momir_amidzic
Momir
3 years
Finally, S/O to @DuneAnalytics for providing the tools to analyze a large amount of data and @sui414 for helping us clean the data!
0
0
5
@momir_amidzic
Momir
3 years
0
0
6
@momir_amidzic
Momir
3 years
@DuneAnalytics Why Metamask has such a large pricing power? What are the wider implications for DeFi? For full piece and nice charts check
1
1
6
@momir_amidzic
Momir
3 years
As they are optimizing the price for the end-users, we should expect them to send most of the volume to the most competitive venues.  Generally, we observe a tendency where aggregators allocate most of the volume to the latest Uniswap version, implying better pricing.
Tweet media one
Tweet media two
1
0
6
@momir_amidzic
Momir
3 years
At the same time, the top 5 arbitrageurs in v2 account for about 11.2% of total volume. Why such a large difference?
1
0
6
@momir_amidzic
Momir
3 years
Consequently, we compare bot activity on v2 vs v3, where more bot activity would imply larger LP losses. The largest bot alone accounts for 15.5% of the total Uniswap v3 volumes since inception, while the top 5 bots account for roughly 30.5% of total volumes.
Tweet media one
Tweet media two
1
0
5
@momir_amidzic
Momir
2 years
@zengjiajun_eth Applications and primitives that could make existing apps competitive with CeFi alternatives & open up entirely new use cases, for instance: - optimizing SNARK proofs around specific use cases instead of building general-purpose solutions e.g. 1/
3
0
5
@momir_amidzic
Momir
2 years
there is a beauty in this. less bs more research. equalized access to opportunities. less luck more skills. unfortunately not many vcs are ready to adapt
1
0
5
@momir_amidzic
Momir
3 years
This percentage is arguably even larger as aggregators still do not take into account MEV-generated slippage in their calculation. With the upgrade in the routing logic, slippage-free liquidity sources such as RFQs will capture larger volumes at the expense of AMMs.
1
0
4
@momir_amidzic
Momir
2 years
Happy to share another research article on @DefiantNews In this piece, we touch on the following questions ⬇️
1
0
5
@momir_amidzic
Momir
2 years
@zengjiajun_eth - decentralized data warehouse e.g. @SpaceandTimeDB - tamperproof computation e.g. @chainml_ - risk infrastructure e.g. @SolityNetwork - cybersecurity, pay attention to the news coming from @hexensio - smart contract wallets 2/
1
1
5
@momir_amidzic
Momir
8 months
lol Eric also got into bell curve memes
@EricBalchunas
Eric Balchunas
8 months
Tweet media one
118
241
2K
0
1
5
@momir_amidzic
Momir
2 years
the sentiment toward VCs went like this: 1. it's unfair mercenary VCs have exclusive rights to 100x private market deals. let's do a fair launch 2. VCs are fools for investing in primary markets 3. VCs please keep raising money you are important to the industry
0
0
5
@momir_amidzic
Momir
3 years
It is not hard to imagine a future where a large majority of the manual traders rely on DEX aggregators to execute the transactions, making DEXs a backend that should be focused on capital efficiency while aggregators take care of UX.
1
0
4
@momir_amidzic
Momir
1 year
2
0
5
@momir_amidzic
Momir
3 years
This is so, despite aggregators still haven't enabled VIP routing to v3 contracts, indicating that v3 liquidity can be even more competitive than what the current data shows.
1
0
5
@momir_amidzic
Momir
3 years
Tweet media one
1
0
5
@momir_amidzic
Momir
3 years
Posting DeFi threads feels like:
Tweet media one
@momir_amidzic
Momir
3 years
Check our new article trying to answer the above concerns and explain why DeFi derivatives protocols ought to outperform CEXes!
1
0
4
1
0
5
@momir_amidzic
Momir
3 years
@CurveFinance wars are a result of the good token design and are quite intense recently due to the high price of CRV. Creating an "entire industry" is rather a success than a "product miss".
@tomhschmidt
Tom Schmidt >|<
3 years
Sorry, but Curve wars are dumb. 1) These features should've been built into Curve natively from the start. A product miss has spawned this entire industry. 2) This glosses over Curve losing stablecoin swap mkt share. You're bikeshedding while the shed is burning down behind you
Tweet media one
51
34
406
0
1
4
@momir_amidzic
Momir
2 years
7) DAO - any DAO that milked your money without even having a real project
1
0
5
@momir_amidzic
Momir
7 months
Ethena can't offer scale to challenge USDC/Tether and the risk of everything blowing up in bear market is non-negligible
@MacroMate8
Seraphim
7 months
Gimme your best @ethena_labs FUD I will address all of it no matter how ridiculous
109
18
246
0
0
5
@momir_amidzic
Momir
2 years
what is the number of SOL tokens FTX holds? soon solvent again? 😂
0
0
5
@momir_amidzic
Momir
2 years
If #WillSmith , #JadaSmith , #ChrisRock and #AcademyAward simultaneously issue NFTs on the slap jpeg, which NFT would be worth the most? The one issued by:
Will
4
Jada
3
Chris
5
Academy
3
0
1
4
@momir_amidzic
Momir
6 months
Future of 🇫🇷
@usualmoney
Usual
6 months
It's time to untether! 🔮 Dive into the journey and paradox of fiat-backed stablecoins. Read our first article in a series that will unfold over the coming months. #MoneyAsUsual
259
17K
20K
1
0
5
@momir_amidzic
Momir
3 years
1) On rollups, market makers will be able to quote more aggressively than on Ethereum due to the faster block finality.
1
0
4
@momir_amidzic
Momir
3 years
This is a significant improvement over v2, which for the same amount of capital generates only about $0.2 volume daily. Capital efficiency indeed is a feature of v3!
1
0
5
@momir_amidzic
Momir
2 years
there was a time when you only needed to fork Compound on new EVM compatible chain to raise millions from 'Tier 1' VCs
@mrjasonchoi
Jason Choi
2 years
5/ Due to compressed returns, capital no longer becomes overly abundant in venture. Low effort forks on new layer 1s don’t get as easily funded and resultant quality of top quartile venture-backed startups drastically improve.
1
0
76
1
0
5
@momir_amidzic
Momir
3 years
Yet, when interacting with v3, we frequently get the following message: "Get a better price on v2". Therefore, we check how often v3 beats v2 in terms of pricing. For this purpose, we check the two largest DEX aggregators @matchaxyz and @1inchNetwork .
1
0
5