Explorer.
32 Followers
I just minted my FID Punk! Get yours now:
Satoshi
The ingenuity of the prediction market guys is honestly incredible. I really find this sector fascinating. Discoveries like this genuinely make me want to go all in and expand the prediction markets I interact with beyond crypto. https://x.com/pizzintwatch/status/1986098858259071195
No doubt, @liquityprotocol is one of the most interesting protocols in the ecosystem. V2 comes with a ton of clever mechanisms, and I tried to break down a few of them. Take 4 minutes, brother, it’s worth learning. 👇🏽
Day 134: - As you can see on the screenshot below, I completely faded the whole Aster move. I really struggle to put myself in someone else’s shoes. For example here, the token was carried by its link to CZ. To me, that feels ultra abstract. Objectively, and as I said in the tweet, I just couldn’t see myself buying “only” for that reason. But in crypto, metrics are cool, yet they’re not everything that drives a token’s price. There’s also what’s being sold to people: the narrative, the dream. It feels like I had the same reaction as with TRUMP. “Ok, there’s a big name behind it, but it’s trash so I’d rather stay away.” Here, of course, it’s not a meme but the valuation (in my mental model) already looked too high. Turns out, that was wrong. The truth is, I just can’t wrap my head around who would buy after me, something that I myself wouldn’t have wanted to buy in the first place. On top of that, I felt like everyone had already gotten in and made profits. But that was also wrong. It was just Twitter’s algo giving me that impression. (Not sure how to avoid that one.) The worst part is that there was actually a small entry barrier here, you had to bridge funds to the platform to buy the token. That little bit of friction should have been a signal. In the end, not even putting in a tiny amount was also a mistake. I probably would have learned more by being a participant than just staying a spectator. Anyway, I’m not going to beat myself up over it. There will be other opportunities. And I didn’t even try to chase the beta plays (which will probably retrace once Aster cools down). What I don’t know is how to deal with this “midcurve” problem. Maybe I should force myself to at least put in something small on these kinds of plays, and gain experience from being in the arena instead of just watching.
Day 130: Update on my $PUMP trade Put 8% of my NW. Sold 62% of the position at just under 2x. Letting the rest run a bit more. Execution felt solid on this one. There was a clear asymmetry between public information and how the crowd perceived it: 1. Buybacks + revenues are among the biggest in the ecosystem 2. The team became active and vocal again, which was the main issue post-TGE Most people stayed stuck in their first impression from post-TGE: hating $PUMP, mocking presale/TGE buyers, saying revenues were down only. Many, myself included, lost a lot back then. But the past is past. Actual data had to be seen with a fresh lens. Aped a bit early at first, then kept building the position as the thesis got confirmed. The only regret is not sizing enough. Easy to say afterwards, but even before the pump I thought 15% would have been more appropriate. Given the overall market and limited trust in the team, I was cautious. -> https://x.com/Curiosity0x/status/1962711731039580506 
Day 141: Got some new stables, so I pledged into the @trylimitless sale. Surprised I might actually land in the @KaitoAI priority allocation. Just using the platform to max eligibility. Pre-TGE allocation is already at 120M (was ~100M yesterday). At this pace, it’s almost certain the target gets hit within 2 days.