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jordan

@yeak__

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"So this is how liberty dies... with thunderous applause." Research @Delphi_Digital

Joined June 2018
Don't wanna be here? Send us removal request.
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@yeak__
jordan
2 months
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@yeak__
jordan
1 year
1/ Been thinking a lot about token design lately. Made a tier list of token designs and organized some thoughts on tokens that stick out to me. Also have some way-to-early predictions for next cycle’s blow off top 🧵
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@yeak__
jordan
1 month
Liquity continues to innovate on both mechanism design and token design while staying true to crypto ethos. LQTY is almost fully diluted, has a viable path to value accrual in v2, and offers a direct link to protocol traction.
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@yeak__
jordan
1 year
I don’t think PoolTogether gets enough credit as one of more disruptive ideas to come out of DeFi so far Similarly to yEarn and Alchemix, lower yields curbed its momentum & growth has been underwhelming Here’s a few reasons I’m excited about the upcoming v5 (+ 1 small gripe)🧵
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@yeak__
jordan
13 days
You don’t have to be bullish on crypto to be bullish on crypto. Web2 is incompetent and complacent, relying on regulations & other forms of gridlock to stifle innovation. Every inefficient market that exists today is an opportunity for crypto to infiltrate and improve society.
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@yeak__
jordan
2 months
1. Most advanced AMM tech-wise 2. Most dominant dex on any chain 3. Strong chance it settles to Bitcoin in ~ 1 year via OP_CAT (best growth prospects of any dex) 4. Active fee switch w revenue distribution (only dex to have) (I think) (best income play of any dex) 5. Book value
@RedDatingRabbit
מְזוּיָן
2 months
@yeak__ Break it down in 10 points
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@yeak__
jordan
3 years
@colton20__ @dubbel06 @elonmusk Imagine thinking bc Elon musk can build rockets he understands everything he runs his mouth about. Stfu
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@yeak__
jordan
1 year
1/ @AaveAave 's new stablecoin GHO has traded under peg since launch, and many CT figures are already writing it off as an inferior design. For a ~1 month old stablecoin at 25M supply, I find this to be a juvenile take. Here’s the bull case for GHO🧵⬇️
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@yeak__
jordan
16 days
I’ve spent most of my time over the past few months on zkTLS, starknet, and sui. Ez morale hack, 10/10 would recommend
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@yeak__
jordan
5 months
This is one of my schizoposters do you like it VOTE IN NOVEMBER!
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@Delphi_Digital
Delphi Digital
5 months
SchizoPosters: The NFT Collection With the Most Momentum? @SCHIZO_POSTERS is a collection within the Radbro Webring, a brother community to Remilia Corp. It is part of the Radbro umbrella, alongside Radbro, Radcat, and Radbro SV. Here's an excerpt on @yeak__ latest AF post!👇
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@yeak__
jordan
11 months
Aave v3 was announced over 2 years ago. The other 0 to 1 lending ideas since belong to Euler and Rari Capital, which suffered major setbacks from exploits or similar. DeFi lending feels quite stale now, but @MorphoLabs looks ready to spice things up🧵
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@yeak__
jordan
4 months
@GMHikaru u r quite obnoxious
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@yeak__
jordan
1 year
During a grueling bear market, I find myself clinging to research driven projects with ambitious roadmaps. Idc about execution risk, I just want some hopium to inject and a better DeFi to look forward to. That’s why I'm getting excited about @ipor_io v2 🧵
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@yeak__
jordan
11 days
@InvertTheWing Surely this warrants a strike for Ange?! Stubborn, clueless
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@yeak__
jordan
1 year
Starting to notice a tendency of viral projects to use bonding curves in creative ways. There's some selection bias here and bonding curves are no silver bullet, but it seems projects using bonding curves in new ways have a pretty high hit rate. Here's a few examples🧵
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@yeak__
jordan
7 months
I don't think the market is frothy, but some of the tokens being shilled rn aren't as far away from ATH as it seems There's other important factors- higher % of supply outstanding (lower FDV), inflation adjustments, etc. but these aren't layups and proper context is necessary
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@yeak__
jordan
1 year
1/14 DEX perps have a ton of momentum right now. Major releases and a rapidly expanding design space suggest sector-wide progress is imminent, but who will emerge the winner? In our recent report, @NotSoAnonJoo & I went deep on our top 4 perps projects for the next chapter🧵
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@yeak__
jordan
1 year
3/ S Tier: Tokens providing sustainable service in exchange for real cash flows - SNX GNS DPX SNX prob has most sustainable utility and straightforward value accrual of any DeFi token ever. Underwrites platform activity by collateralizing sUSD, earns all the fees.
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@yeak__
jordan
1 year
Normalize using DEXs for your bullposting and trader larping shenanigans this cycle!! we are so back (and better than ever)🚀📈✨💫
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@yeak__
jordan
13 days
@OpacityNetwork and @reclaimprotocol are asserting themselves as the zkTLS leaders for now. Opacity has taken major strides in mitigating the MPC collusion issue. @Euler__Lagrange is an emerging main character. The performance <> security tradeoffs of different models will be a
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@yeak__
jordan
8 months
@PHChess The venue is arbitrary, the players are not. If even 1 player can’t make it bc of statist collector stamps and the venue isn’t moved, FIDE loses all credibility Magnus > fide simple as
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@yeak__
jordan
3 months
🍌🐂🎯
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@yeak__
jordan
3 years
@thetvcullen @OrwellNGoode BK has 6.5 times as many stores, and are open an extra day a week, and have only 50% more sales 😂😅 give up on stats
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@yeak__
jordan
1 year
8/ $THALES is sitting on a lot of wealth generation, and can afford luxury of token gating access to it. perks of being chads
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@yeak__
jordan
1 year
4/ $GNS is a more intricate design, still manages to strike a symbiotic relationship btw token <> protocol Super cool how risk of protocol roles is intuitively paired w deposit assets deposit DAI > get fees deposit GNS > get fees & vault performance directly impacts token price
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@yeak__
jordan
1 month
bought more ekubo on this pamp
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@yeak__
jordan
13 days
zkTLS might be the most interesting part of crypto right now. It unlocks so many new use cases, we almost need to recondition the way we think about building. A lot of previously impractical ideas can now be revisited.
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@yeak__
jordan
11 months
Crypto-native self sovereign identity will be indispensable in the ambitious killer apps of tomorrow. Collectively, we need a greater emphasis on integrating & experimenting with these projects. Here's a crash course on @gitcoinpassport , a major part of this emerging sector🧵
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@yeak__
jordan
13 days
@cyclesmoney , @NoshDelivery are based af projects utilizing graph theory as part of a framework for how distributed systems can compete with centralized entities/crony capitalism at scale. Strong Austrian economic theory vibes, super wholesome.
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@yeak__
jordan
1 year
10/ If a project is making money, it should be as clear as possible, not hidden behind gimmicks. Imo, leave it to applications built on top like Llama Airforce Union to aggregate and deploy the dust. Keep the value distribution pristine. Geist = really cool, RIP
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@yeak__
jordan
24 days
@standwithcrypto @realDonaldTrump @VP Delete your account. Disband the movement
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@yeak__
jordan
1 year
@ann_droo @ceterispar1bus @NotSoAnonJoo I pulled row level data from dune tables uniswap_ethereum.ExclusiveDutchOrderReactor from there you can find a lot of interesting stuff from pivot tables heres a curated query that does the joins for you, but would need to make some edits timeframe etc
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@yeak__
jordan
1 year
1/ Besides having some of the best merch and vibes in crypto, there's a lot of reasons to be excited about Rysk Finance and on-chain options Here's some takeaways from @DanDeFiEd episode on @web3builderspod 🧵
@ryskfinance
rysk finance && 🤌
1 year
. @yium_e x rysk ~~ 𝒟𝓇𝒾𝓋ℯ𝓃 ℬ𝓎 𝒱ℴ𝓁𝒶𝓉𝒾𝓁𝒾𝓉𝓎 ~~ a drop exclusively for the top traders of the testnet trading competition we co-hosted with our frens over at @GammaSwapLabs
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@yeak__
jordan
9 months
@Ayhd126H Maybe delete this one chief
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@yeak__
jordan
2 months
Starknet ecosystem morale is struggling, and the market is overlooking the opportunity imo. I'm most excited about @EkuboProtocol Ekubo wholly embodies a no-frills, grassroots DAO while sitting on the cutting edge of AMM tech. As the most advanced AMM in production with an
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@yeak__
jordan
1 year
16/ I’ve been a vocal critic of veTokens forever and have a personal rule to avoid these tokens. The pvp ponzu can be fun and useful as a ‘gold rush’ for equity in early stage protocol. But make no mistake, theres no excess wealth generated here and as a velocker, ur the product
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@yeak__
jordan
2 years
If the Arbitrum airdrop criteria disproportionately benefits me then $ARB = very gud coin🤞
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@yeak__
jordan
1 year
7/ This will allow for a lucrative strategy if GHO is under peg: - Stake DAI in EDSR for 5.5% - Deposit sDAI into Aave and mint GHO - Deposit wGHO and recursively borrow USDC via e-mode at 87% LTV
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@yeak__
jordan
13 days
@teleportxyz , @DIMO_Network , @zkp2p , @blackbird_xyz are exciting consumer apps that could offer serious value-add to normal people. Teleport prob has the clearest path to a near-term breakthrough. Ride-sharing is a massive business and most stakeholders are frustrated with
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@yeak__
jordan
6 years
Summer 2k19 return of the romphim
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@yeak__
jordan
1 year
15/ Inexcusable for a perp project that will have out of the box pmf to use this type of model, but $IPOR is trying to single handedly bootstrap interest in a more mature DeFi eco. A bit ahead of its time, needs the meta game, and made concrete improvements on veToken flaws👏
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@yeak__
jordan
1 year
5/ Not as excited about DPX/rDPX, but deserves a shout for being one of the handful of tokens providing a service. (helps absorb option writer downside) Also managed to carve out a financial role in the options space that doesn't really have room for it atm.
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@yeak__
jordan
1 year
2/ First, a couple disclaimers. Of the tokens mentioned here, Thales is the only one i have a material position in. This is also not analyzing or endorsing the protocols themselves. Strictly discussing the tokens
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@yeak__
jordan
27 days
Lol who knew EtherFi would end up being a 4-5x better farm than Eigen!?😳 Once etherfi showed in season 1 that they could handle database arithmetic & vlookups, I was sold. No fraud, no funny business, no bs. gg well played, good & honest points program 🤝
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@yeak__
jordan
1 year
12/ C Tier: $AAVE gets a lot of crap bc no value accrual, but i like that it performs a service via the safety module, which can justify an expanded role with monetary benefit down the line. Better to have noncommittal token w endless possibilities than certified garb🗑️
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@yeak__
jordan
2 years
@zeemFT @EugenePerel He’s got plenty more bad takes to puke out on his TL I bet!
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@yeak__
jordan
5 months
@ProfHilaryAllen Gonna be tough looking back on your career when you’re 60. The papers you wrote.. all debunked and embarrassing to be associated with. Realizing you wasted the prime years of your life trying and failing to obstruct societal progress. Not too late though, you can still turn
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@yeak__
jordan
6 years
Is it possible to not love Austin Petersen idts
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@yeak__
jordan
2 years
Is your football club down bad so far in 2023? Here’s a great method I use to numb the pain: Ape weekly parlays on @OvertimeMarkets betting on surrounding teams in the table to win (or draw, if you’re near the relegation zone🤕)
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@yeak__
jordan
1 year
This is blowing up so want to clarify: I’m not saying DPX is an S tier token, or that GEIST > AAVE, or that BADGER is more relevant than xyz token I’m mapping design aspects I’ve seen to their most representative token & plotting them on a tier list. This has nothing to do w
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@yeak__
jordan
1 year
2/ First, let’s quickly dispel the peg FUD. The main early use case for GHO is borrowing at the fixed rate of 1.5%, swapping to USDC/DAI and capturing the rate spread. This one-dimensional early use case resulted in one sided PA, with GHO stabilizing at around .97
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@yeak__
jordan
1 year
6/ In addition, Aave has 2 governance proposals in the pipeline: - Approve sDAI as collateral to mint GHO - Approve wGHO as Aave v3 collateral for isolation mode
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@yeak__
jordan
2 months
@0xAlienX Yessir! Was originally going to include in this, bc it has a cool token itself. Became hard to weave in. Will prob do a starknet lending peice on nostra zklend and vesu soon
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@yeak__
jordan
1 year
9/ $GEIST is shutting down, but absolutely nailed the value accrual aspect. Super straight forward; fees earned are distributed to LPs and token holders in-kind. If you deposit assets into Geist, you'll accrue rewards in several different tokens.
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@yeak__
jordan
1 year
14/ F tier: complex ponzu yield maze. Holding this token is a part time job - most tokens, specifically $IPOR, $BADGER, $PICKLE, all veTokens Gonna single out IPOR out here. Doesnt really deserve the slander of this tier too similar to ignore and quite high maintenance
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@yeak__
jordan
1 year
20/ Thats all, thanks for reading. cant wait to see you all in veToken pool2s if we ever get another cycle. Also wrote some ideological thoughts on how to value UNI token in this feed post
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@yeak__
jordan
8 months
i cleared my browser cookies, cache and 500 tabs for this? tf
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@yeak__
jordan
1 year
3/ Like DAI, GHO is hard coded at $1 internally. This means new minters bear the cost of GHO trading under peg, severely limiting early growth. Historically, peg issues during a stablecoin's infancy are not indicative of future success.
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@yeak__
jordan
1 month
As the tech continues to improve, I’d love to see DAOs/Foundations get more ambitious. ConstitutionDAO, KrauseHaus DAO energy. Uniswap, Arbitrum bankroll⚡️ - Instead of $250M/3yr gaming fund, acquire an emerging game studio, incorporate on chain elements & demonstrate value add
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@yeak__
jordan
2 years
@thalesmarket @OvertimeMarkets @Delphi_Digital Thank you! Had a great time with this🤝
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@yeak__
jordan
1 month
@RepBillFoster You have a punchable face and an obnoxious aura, I do not like you
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@yeak__
jordan
20 days
Aerodrome bulls are insufferable lol
@AustinAdams10
Austin Adams
20 days
1/ On AMMs, not all volume is equal For AMMs, there are two main types of swappers - retail traders who bring positive flow for LPs, and arbitrage traders who are an expense for LPs (utilizing the LVR framework). Who is trading on Aerodrome?
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@yeak__
jordan
1 month
Bagholders of several select communities need to ask themselves a tough question: if LQTY's structure wouldn't work for your protocol, then are you, the token holder/locker, the product? (the answer is obviously yes)
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@yeak__
jordan
1 year
6/ A Tier: Tokens that earn or unlock real yield, but could eventually be seen as rent seeking - GMX, THALES, GEIST
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@yeak__
jordan
2 months
I, too, would gatekeep replies if I was going to try and empirically defend the vetoken monstrosity
@CurveFinance
Curve Finance
2 months
It appears that ve-locks are more efficient than token burns, even if all voting bribes were spent on buyback and burn! Here is the preliminary graph, but more complete research piece coming soon
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@yeak__
jordan
1 year
18/ I think the same could happen w veTokens. velockers get rekt but dont seem to care, so condensing the whole charade for more dopamine & more sting will be a huge hit. At the top of next cycle, I bet the market becomes fatigued with over-complicated token designs
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@yeak__
jordan
11 months
Starting to see some RWA projects that aren’t mind-numbingly boring, v bullish
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@yeak__
jordan
1 year
19/ People are excited about future of crypto and fundamentals look good, but dont want to take on the growing responsibility of owning a crypto token. Money starts to rotate to veKIMCHI-inu w an emission schedule of 2 months, people have fun mania ensues, elevator down etc
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@yeak__
jordan
2 months
@DanielRensch YEEEEEEEEEEET
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@yeak__
jordan
13 days
Can we plz fix gift cards and loyalty programs? There is a ~$5B optimization opportunity with these restaurants alone. Gift cards are a nearly $1T industry that shouldn't even exist.
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@yeak__
jordan
6 months
@GwartyGwart He always has been a voice of reason
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@yeak__
jordan
1 year
3/ v5 offers several improvements over v4: - Fully decentralized, censorship resistant, immutable - Hyperstructure architecture supports hooks - Compatible with any ERC-20 asset with an ERC-4626 vault - Streamlines entire user experience of claiming, collecting, etc
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@yeak__
jordan
1 year
12/ Portals One of the most highly anticipated features of Aave v3 was portals, which will make Aave a quasi bridge & improve lending UX. GHO will flourish with portals, seamlessly saturating layer 2s while enjoying the security of Ethereum for issuance.
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@yeak__
jordan
1 year
13/ D Tier: throwing $RBN here RBN was p much a dumpster fire & belongs below $CRV, but they CRUSHED the GTM. The airdrop, LM rounds, and extended non-transferrable period solidified the community and TVL was always at cap I hope more projects play w the non transferrable model
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@yeak__
jordan
1 year
7/ Rent seeking tokens are fine if protocol is generating excess wealth or has a moat. There's a decent case the app layer eventually becomes a public good. Rent seeking tokens would be phased out unless they provide a service. Not an issue atm but something to be cognizant of
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@yeak__
jordan
1 month
If a "punks at $25" opportunity exists, i think it's probably Swatches. - Blue chip on Base, Squiggles vibes - Interactive, dynamic, MoDuLAr - Customs prob catch corp bid in mania phase - Will be selling this to Elon for 20ETH at the top I also like @briqNFT for similar reasons
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@yeak__
jordan
4 years
@ShroomFinance LP token lock is objectively stupid and illogical. Rip shroom
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@yeak__
jordan
4 months
Find inefficient markets & exploit them
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@yeak__
jordan
1 year
8/ The onboarding of LSDs was a key factor in the resurgence of Pendle. LSDs account for over 60% of Pendle TVL today. LSDs could have a similar effect with IPOR, which has already proven to be a cozy situation for LPs.
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@yeak__
jordan
1 year
15/ Payments Aave has teased an Aave card for years. Aave has an EMI license in the UK, and is as well equipped as anyone to make progress here.
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@yeak__
jordan
1 year
7/ Principal-protected vaults (Vovo, Brahma, R-Earn): cool concept that have struggled so far. There's potential here, and PPVs are a logical continuation of the zero-loss branding. Here's my report on PPVs from last year
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@yeak__
jordan
1 year
8/ Parimutuel markets: Could introduce other variables outside of randomness to designate prize winners Fantasy sports⚽️🏈🏀: I can’t be the only one that winces at the thought of all that prize money sitting idly for 8 months.
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@yeak__
jordan
3 years
Hi @BriFitDance we need you to end this madness with an @elonmusk bear bear bear video. Save our bags queen 🐻🧸📉🙏💃🩰👽🚀🌖
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@yeak__
jordan
1 year
4/ Currently, the only ways to restore the peg are: -CDP holders unwind their positions (defeats purpose) -Users buy discounted GHO on DEXs and hold it like a bond (balancing supply/demand)
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@yeak__
jordan
1 year
5/ GHOs peg issues are almost over. Aave has a Maker-inspired peg stability module coming soon that will allow GHO to be exchanged 1:1 for approved assets such as USDC.
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@yeak__
jordan
2 months
Can’t wait to use zkTLS for proof of unvaxxed sperm! Who’s building this?!
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@yeak__
jordan
11 months
7/ I found at least 44 points are susceptible to moderately simple sybil vectors (dupe socials, wallet credentials). Holonym, Civic, Coinbase are much more stout defenses against sybils than ENS names, GTC holdings, or Lens handle, yet this is not reflected in the scoring system
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@yeak__
jordan
4 years
@Geo_Kita @tee9540 @bantg Imagine shilling a multilevel marking shitcoin and lecturing the yearn community about what code is
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@yeak__
jordan
7 months
@ethena_labs @miladymaker Thanks for including miladys and we luv u
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@yeak__
jordan
1 year
5/ Liquidation bots – Collecting and converting accrued yield to prize tokens efficiently Prize claiming bots – Anyone can claim prizes on behalf of winners, earning fees for doing so Draw auction bots – Retrieving the RNG for draws on Ethereum Mainnet and relaying to L2s
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@yeak__
jordan
2 years
My toxic trait is downloading a csv w 60k rows bc I’d rather use 7 nested pivot tables than write an intermediate SQL query
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@yeak__
jordan
10 months
member wen defi was like 75% crv/cvx/ve-nonsense? That was peak bear mkt despair. defi power users bored out of their minds, taking turns slapping each other in the face on-chain. so glad we're back to real things now
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@yeak__
jordan
3 years
@nflthrowback @ReggieWayne_17 @ochocinco @CutToIt Anyone not saying 89 no 1 does whippets and is quintuple vaxxed
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@yeak__
jordan
1 year
14/ Cross-margin systems appear to be on the horizon (Vertex, GMX, Aevo, SNX v3, Voltz, etc) A truly robust and composable cross margin system may undermine this idea, but it's interesting to think about the synergies between Aave’s idle reserves, portals, and derivs contracts
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@yeak__
jordan
5 months
THURSDAY.
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@yeak__
jordan
2 years
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@yeak__
jordan
5 months
@worldpvpco Getting inconsistent results from regression and countries with low, lopsided volume have different bonding curve progress than high, balanced volume per $ of mcap. Also there’s clearly nuance as referenced here pls gib alpha
@worldpvpco
World PvP
5 months
Against all odds Greenland has flipped North Korea in marketcap while still in the bonding curve through clever use of game mechanics.
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