💆Enjoying 💆
Joined January 2022
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CryptoEnjoyoor retweeted
the difference between Robinhood Chain and other L2s that have experienced varying levels of mania in the past is obvious imo
people stop using these chains once their value proposition becomes unclear (why transact here vs. incumbents?)
being “new” is not enough
Robinhood Chain’s value proposition is very clear on the other hand (deep stock token liquidity, TradFi distribution, and an appetite for long tail activity)
evidence for this is its builder eco continuing to go *up only* despite onchain cooling off
people see its potential in becoming a wealth center for onchain finance
Claimed rewards from these LPs. Boosted for veUP.
Add $4k $UP to the burn 🔥.
Rebuilt the ranges to capture the potential big move coming on RH plays. Pairs below
Never use 20-30% ranges, the rewards will look nice but the total $ value would certainly be much more if you just held the token. Adjusting the position all the time KILLS your usd value without you noticing. It is really dumb. Also you need some luck for it to stay there long enough for it to be worth it, and we don't want to count on it.
It is ok to put a tighter downside range on the positions you are really comfortable holding.
Put a bigger one on the ones that are more volatile.
You need to make sure things will run for 5-7 days without you touching the LP.
If it breaks to the upside, good, you made money. Reassess if it makes sense to adjust or move to another one.
🚨Remember to add liquidity and then stake, so you can earn the boosted UP. 🚨
Examples from the ones I opened today
People starting to pay attention. They are realizing that revenue is what really matters to make something valuable.
TVL alone is a dumb metric. Back in the days SBF and Justin Sun would deposit $200m on anything just to farm rewards and move to the next one.
Volume alone is a dumb metric if you can't capture any of it for your holders or for the protocol itself.
The only way is up-2:native @uponrh
CryptoEnjoyoor retweeted
Aero team built Velodrome before Aero. Up team built Arborean.
- Both teams are seasoned, and understand their product well.
- Both teams migrated to chains with good liquidity and opportunity.
- Both founders doxxed
- Both used open source code and built on top of existing ve(3,3) dexes but improved it.
Up is the latest innovation as observed by revenue and circulating supply.
I'm confused.. everything you are saying is.. bullish $up?
Thread time 🧵📝: How to use @RVHProtocol's Flock Credit to power up your @uponrh veUP.
The play with up-2:native is to permanently lock it and collect rewards every week. It has been consistently paying 120-200% APR, that's ~3% a week of pure revenue on different tokens (this is VERY important. If a protocol revenue comes from their own token, it will eventually die once volume dries out).
What if you could put these locked funds to use and increase your veUP position?
No liquidation. The loan pays for itself. Powerful tool for lockers.
Security analysis on Flock Credit contracts.
The NFT can only return to your wallet:
-> 𝘥𝘦𝘱𝘰𝘴𝘪𝘵/𝘸𝘪𝘵𝘩𝘥𝘳𝘢𝘸 force 𝘳𝘦𝘤𝘦𝘪𝘷𝘦𝘳 == 𝘮𝘴𝘨.𝘴𝘦𝘯𝘥𝘦𝘳.
FockCreditLoanManager has no liquidate function:
-> Closing a loan only happens when 𝘳𝘦𝘱𝘢𝘺 / 𝘳𝘦𝘷𝘦𝘯𝘶𝘦 processing drives 𝘥𝘦𝘣𝘵 to 0.
Think these are the main points.
The higher risk is for USDG lenders, in case UP revenue goes down it will take longer to repay the debt. But that is not happening, the only way is UP.
Currently they are earning 1.5% per week. Not bad for a pure USD position.
Farming more up-2:native with my own veUP using @RVHProtocol credit.
No liquidation credits that pays for itself.
Really decent APR for USDG depositors.
Everyone wins.
I need to borrow more 15-20k from there, once I'm done I will post a complete thread about it, how to farm in a safe way, contracts and security analysis, etc.
He started doing it with $UP, he missed the play and tried to find something to vamp. He found $RAM
Then he missed $STONK and did the same with $ember.
Now on his last move he did with shilling a total LARP on Arc chain.
Learn how this man moves and please make him irrelevant. Ty
And as the final part, you have the PVP that happened today, with the @fomo #1 KOL @theunipcs buying $RAM after $UP been on a monster run, backed by the solid numbers its been doing.
BOTH tokens got verified on FOMO around the same time, but guess the difference?
The chosen one, by the #1 KOL, has a fraction of the real circulating market cap.
The other one has 10x (!) higher. $UP circulating supply is around $19m right now.
Obviously no one on FOMO would buy this if that's the information that gets to them.
@MidCurveMortal think u gonna like this one. Rigged game to make their favorite KOL win.
CryptoEnjoyoor retweeted
If you are doing research on RH to buy the dip ( $AI, $PONS, $WALLET, $SHROOMS, $AMC ):
Bet on teams who are aligned with the ethos of crypto. These teams tend to build through the noise and win.
My highest conviction pick is: $up (@uponrh) The team and product are highly underrated:
- They are optimizating for organic growth by building an exceptional product like $hype and @chameleon_jeff instead of marketing with KOL hype.
- Launched early on @RobinhoodCrypto and UP is already the top native dex.
See for yourself in attached podcast, articles, and screenshots.
Article: teapawt.net/uponrh/status/20976678…
Today on MCG
$UP | @uponrh w/ @nativeaborean
up. is the native (3,3) exchange and liquidity layer of Robinhood Chain.
Highlights include:
01:07 – What ve(3,3) actually means
02:41 – Why voting tokens had value
07:52 – How locking works
13:02 – The core problem with most ve(3,3)s
15:39 – Up's fix
25:39 – Capital efficiency stats
26:23 – Circulating supply is actually below launch levels
32:43 – Composability pitch
36:44 – Tokenomics deep dive
47:25 – Closing thesis
This early into the bull market and $UP is paying like this. Can only imagine when things get a little bit crazier later in the cycle.
Your favorite DEX can't get nowhere close to this (yes, talking to you $ram and robinhood:0xb9972ca7188e511174947e3936a5315ac7073277), paying solid rewards in different tokens while still being deflationary.
Cheers
Another $500k guaranteed for the next week.
You cant fight against data. $UP is superior in every single metric.