wineman

@wineman.eth

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63 Followers

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I love this part of the cycle where we get to start arguing the nuanced differences between ponzi games and ponzi schemes.

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When SOL topped in April fees were high because local fee markets don't work as intended and due to all the state contestation the failed transaction rate was around ~70%. 7ish months have passed and local fee markets still don't work as intended and firedancer isn't live. There are a lot of Q1 2025 unlocks coming up and volume is starting to increase again which is leading to high fees and failed transactions. I think there is a chance we see the Solana blockchain experience downtime in a bull market. If volume increases more than what we had in April I don't see how it won't buckle under the load again given basically nothing has changed except an increase in sell pressure.

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Liquid @infinex-app NFTs sold for $5,000 during the Patron Sale. Right now 200,000 GP is redeemable for a Liquid NFT and you can buy 200,000 GP for around $3,000, or a -40% discount to the sale. There is around $200,000 in liquidity or around 40 NFTs without accounting for slippage (of which there will be lots).

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As meme coins run out of greater fools and the market starts to look for the next narrative I think one potential catalyst for a defi renaissance could be all the fees generated during the yen carry unwind on Sunday night. Every protocol that returns fees to token holders that I follow is returning records amounts of fees to token holders right now.

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Isn't the "we" here crypto? And don't "we" win if both parties support crypto? A lot of supposedly a-political crypto bros seem very upset that both parties might be supporting crypto again.

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@thales is one of the most undervalued farms right now. - $15 million marketcap - Has been in an accumulation range between $0.20 - $0.60 for 2+ years. There is only ~$3m in liquidity for THALES across Base, Arb, and OP. @overtimemarkets V2 THALES burn has only been live for two weeks in beta and has already burned 0.03% of the liquidity actually available in LP pools. The amount of THALES burnt is going parabolic right as we get ready to exit a two year range around September when the first rate cut currently is priced in and the initial selling from a potential ETH ETF would be ending. Now that the meme coin narrative is exhausting itself and people start looking for tokens that have real value I think THALES is well positioned to outperform in the upcoming alt season.

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I'm LPing AERO/USDC at ~300% and it looks ready to break out again too.

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Maybe now that the Uniswap fee switch is turning on everyone can remove the US geo blocks in their UI so I can cancel my VPN subsubsription.

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@lyra.eth where is Cody and when lyroos?!

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I keep watching this bearish divergence on the SPY 4H RSI

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I recently wrote up some thoughts on the mental model I use to when thinking about the Velodrome mechanism - https://mirror.xyz/wineman.eth/pSKr-mIsEwZhYad2xdRQNd6fpseGXB5LzWa9l0U5VME

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