Shallots (@Defriedshallots) header
Shallots (@Defriedshallots) profile picture

DeFi user, farmer, yapper, tester

Singapore
Joined December 2024
Photo by Shallots (@Defriedshallots)Photo by Shallots (@Defriedshallots)Photo by Shallots (@Defriedshallots)Photo by Shallots (@Defriedshallots)Photo by Shallots (@Defriedshallots)Photo by Shallots (@Defriedshallots)Photo by Shallots (@Defriedshallots)Photo by Shallots (@Defriedshallots)Photo by Shallots (@Defriedshallots)Photo by Shallots (@Defriedshallots)
GN Couldn't have asked for a better off day > Morning cycle 6.7km to my bike class > 100 mins of bike lessons > 1hr 15 mins of calisthenics > Lunch at my favourite store near my house > Haircut > Watched my favourite police series while snacking > Did up an xStocks post > 30 mins of walking before dinner > Ate unhealthy but tasty food for dinner > Watched 2 more episodes of police series > Call with the girl > Sleep Awesome day
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How to get $15,000 in 2027 (MOONMATH EDITION) Based on this @xStocksFi points tracker created by @Casimir1904, there are over 50 BILLION xPoints emitted Tokenized Equities are a HOT TREND and the closest projects we can compare to are Ondo and Backpack Ondo: $3.74B FDV BP: $893m FDV Making a ROUGH estimate in a GOOD MARKET, I think we can see at least a $1B FDV launch for xStocks Why? Referencing data from @Blockworks and @DefiLlama: > xStocks dominated total holders by issuer with 46% > xStocks cumulative DEX volume dominates with $12b vs ~$9b combined for BP and Ondo > though xStocks has only half the active AUM compared to Ondo People are trading and holding them and the onchain data don't lie Assuming we TGE NOW with: > 10% airdrop > 10B supply > $1B FDV > 6,500,000 xPoints That's 0.013% of the total points run the math, > 10% airdrop = 1,000,000,000 tokens > 0.013% x 1,000,000,000 = 130,000 > 1 token = $0.10 at $1B FDV Total allocation = $13,000 So I'm still short of $2,000, where can I get it? In my quoted article, I described how actions that align with a protocol's interest could secure extra allocation Duration of TVL and liquidity provision are 2 very important factors in my opinion The xPoints dashboard also shows that LPing and Lending are the first and second highest multipliers for points My capital has been used as collateral and looped since day 1 while I set a small side for LPing for over 8 MONTHS to top it off, there is no news for the users who have the xG discord role from the team yet 👀 My bear case for xStocks: If the market continues to be weak, we will likely not see a TGE by Q1 2027 and if it runs past,The huge dilution will continue because points emitted are largely dependent on the daily roll multipliers The whales get a ton of em the sharks and the fishes, not so much but after all this is just MOONMATH and entertainment Fingers crossed, we get an INSANE TGE get positioned
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November DeFi update: #1: @xStocksFi > SPYx collateral deposited and borrrowed at 70% LTV > SPYx-USDC LP position on Raydium > Sold off YT-STRCx > 6.5m points across both EVM + SOL wallet #2: @onrefinance > ONyc/USDG Multiply on Kamino > ONyc LP on Exponent > OnycSOL on Exponent > Halved YT-ONyc exposure > 16.9m points #3: @hylo_so > Holding xSOL > Sold off YT-xSOL and xHYPE (about a month ago) > 18.6m XP #4: @backyard_fi > Holding deposit in yield strategy for 110 days > Deputy Chef rank #5: @monetrix_xyz > Holding sUSDM > HYPE-USDM LP on Hybra DEX For HyperEVM exposure > Withdrew mxHYPE > 212 points #6: ApyxFi > Sold off all YT-apxUSD > Uncommitted and withdrew apxUSD > LP-apxUSD matured, claimed and withdrawn > 67.94m Pips Spot Holdings: > $BTC > solana:So11111111111111111111111111111111111111112 > $ANSEM Stables: > Idle USDC earning 5.10% APY on @JupiterExchange while waiting for DCA on SOL to execute > USDC in @aave app earning 6% APY I am looking to build a HYPE position soon Late october I was pulling out of YTs to preserve capital Quitting APYX because Idk when their TGE is coming and I am not as interested in their product as the ones listed above Market looking terrible right now so best thing to buy your conviction bags and send some spare stables to work I think we still have plenty of time before we see TGEs so feel free to join these with my links in the comments
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Happy 1st anniversary on @X to me Throwback to my first article I wrote on LPing and @Crypto_Zh0u and @SammmXBT supported me on it I had 142 followers then 0 knowledge, few connections and no collaborations I now have 795, made many friends, have an ambassadorship with Jupiter and teaching people how DeFi works Not explosive growth, but I've never regretted paying for premium and learning so much about DeFi and meeting so many amazing people To much more ahead!
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It's GAME ON for @xStocksFi Introducing creator tags soon for users 👀 I've personally been bullposting them for a long time now so I hope I will be able to get it Maybe creators get extra rewards or perks? Who knows but all I know is I love their product
Interesting move by @xStocksFi Creators out there, its time to push out contents on xStcoks like i have been doing for some time now.
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I used @JupiterExchange's new Bridge twice so far and the UX is so smooth I love it It gives the same experience as Jumper except it's a feature that's already part of a financial super app I use daily Cheap fees, smooth UX, quick execution, everything you need on a bridge They're also running a $15,000 gacha campaign where every $100 bridged earns you 1 ticket for the daily draw 11 days remaining Just use Jupiter
Just when I thought @JupiterExchange couldn't get any better Now you can REALLY do everything on Jupiter They wanna take the share from Jumper too
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I QUIT holding $SOL because I just found the most capital efficient way to stake it I'm shifting my $SOL in Jupiter Earn to onycSOL on @ExponentFinance The vault earns 7-8% APY by > Holding basket of SOL LSTs > Depositing on Kamino and borrowing against it > Use borrowed funds in Onre markets for reinsurance yields $SOL Exposure ✅ 4x Onre points ✅ As always shoutout to @ProofOfTravis the goat who brought this to my attention and also @inno_sol for his SOL LST post
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Now @jup_mobile just made Spend better Why would you borrow to pay? Imagine you are paying $5,000 Option A: Spend all $5,000 Option B: Hold $10,000 in SOL and borrow $5,000 If SOL +20%, Option A: -$5,000 (nothing changed) Option B: -$3,000 (your SOL became $12,000) You repay the loan and you got a $2,000 discount on your purchase and you can pay your debt back anytime as long as your Loan-To-Value ratio is safe Of course the risks are there: > If SOL dumps, you could get liquidated > Borrow rates are variable and may spike during sharp market downturns But imagine when they introduce more stable collateral options like $ONyc You earn 11.02% APY while borrow rate varies within 5-6% Run some math and you earned a net +8.27% VS 0% with option A Hoping to test this soon with a real life scenario p.s I am a Jupiter Global Ambassador :)
Borrow to Pay is now live on Jupiter Mobile! Spend on your card without selling your tokens. Borrow against your holdings instead, so you keep your position and your upside while still covering what you need. Your tokens keep working while you spend and live. Just Use Jupiter (Mobile). 📲
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During market downturns, what you feel indicates the level of risk you are taking on for your portfolio I've been using @aave app for 2 months now, steadily stacking savings from my leftover monthly expenses I earn a fixed 6% APY currently which is 3X more than what my bank savings account offers me This stash is actually not for investment and is for future home and emergency purchases Because of that, I'll always have a peace of mind during bad markets, knowing I will not restart from zero And knowing that my money is working harder than what I am getting outside Just use DeFi
Aave App helps your money grow every second, with up to 7.25% APY. Deposit from your bank or with stablecoins, and enjoy your new favorite way to save. T&Cs apply.
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The only thing I will buy from now until the market runs back to the highs is solana:So11111111111111111111111111111111111111112 Mainly because I don't enough to diversify and also many other reasons > RWA Tokenization is happening mostly on Solana > Institutions are wanting to integrate with Solana > Execution speeds are the fastest here > Gas fees are the cheapest here > I can Swap, Lend, Borrow, LP, Trade, trade perps, trade PMs, Gacha, stocks, treasuries, yield, phones, manage portfolio, etc here Network metrics are up only and with Alpenglow live, finality is even faster than it has ever been In the last 3 months, it's also evident how much the entire ecosystem benefits from onchain activity which all goes back to SOL price appreciation So I'm gonna pause on adding to my index funds and start stacking more SOL And when my spot accumulation is enough, I will funnel some into solana:4sWNB8zGWHkh6UnmwiEtzNxL4XrN7uK9tosbESbJFfVs for upside appreciation
I've opened another solana:So11111111111111111111111111111111111111112 DCA at these prices There's no clear signal that the downtrend is over and the macro and geopolitical backdrop isn't looking the best But I don't want to be caught trying to time the bottom again and this is already the 4th leg down from it's local high of $120+ I'm not saying that it indicates a bottom forming soon but rather it has dumped enough for me to get comfortable accumulating Bought spot only this time since I already have a bigger bag of solana:4sWNB8zGWHkh6UnmwiEtzNxL4XrN7uK9tosbESbJFfVs and want to balance out the overall leverage exposure Used @JupiterExchange's "Earn while you wait" function so my idle USDC is also earning while my DCA is executing GUD TEK Let's hope for a magnificent 2027 where all our bags pump and we eat at TGEs
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Here's a video tutorial for Looping on Kamino for @xStocksFi I never did a walkthrough for it after shilling it 4000 times so let me know if this helped Still got some time before TGE, hopefully we see it by Q1 2027
I'm really anticipating a huge drop from @xStocksFi when we get the TGE Every institution is buying into the tokenized equities narrative with Robinhood even onboarding tons of users through their app which allows 24/7 trading of it I feel that my 5m+ points right now is way too little but it's already my best effort so fingers crossed we get $2b FDV
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If you haven't joined @galileowilson's discord yet, you WILL WANT to right now It's free and he provides one of the best daily market analysis that's easy for me to understand It also helps me understand what kind of news markets react to and how they price in future expectations I don't have to read tons of articles and piece the information myself because Galileo himself is teaching me how to That and you literally have a free discord to network with other people in your niche Link to discord in comments
The Democrats won, what’s next 👇🏻
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My take on airdrops in general Always love the product first This helped me continue using while farming for future airdrops The last thing you'd want is to burn yourself out only to receive trash rewards Loving a product makes TGE a bonus not the end goal The farms I'm doing already serve me a purpose Hylo for liquidation-free leverage xStocks for capital efficient stocks Onre to boost yield on my savings These projects had their points campaign running for a long time now but I am not burnt out at all If you don't know the reason why you are/are not farming a protocol, then you're only setting yourself up for disappointment or just following hype Of course I also have expectations but I know that even if TGE was garbo, I would still use the product
Sad but harsh reality for all airdrop farmers You spend months and years using, testing and working for a POTENTIAL reward that may never arrive And in this space where crime and dishonesty are rampant, it's hard to find true founders who really reward their early contributors If you're farming more aidrops, remember not to all in into degen points farming Something I've recently done because I decided that earning yield + some points is sometimes better than just max points farming
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Replying to @MikeSilagadze
@MikeSilagadze was right to blast Kast a while back ago Just use @ether_fi Switching up on all your early users after milking them is just horrible And they still made it sound like they rewarded their users meaningfully smh
KAST literally just took advantage of their users. > hinted at TGE > farmed their users for over a year > then completely moved the goal post with no AirDrop. I know a lot of projects use a TGE as a way to incentivise their product, but marketing it this way and then changing the goalpost is low AF.
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I've opened another solana:So11111111111111111111111111111111111111112 DCA at these prices There's no clear signal that the downtrend is over and the macro and geopolitical backdrop isn't looking the best But I don't want to be caught trying to time the bottom again and this is already the 4th leg down from it's local high of $120+ I'm not saying that it indicates a bottom forming soon but rather it has dumped enough for me to get comfortable accumulating Bought spot only this time since I already have a bigger bag of solana:4sWNB8zGWHkh6UnmwiEtzNxL4XrN7uK9tosbESbJFfVs and want to balance out the overall leverage exposure Used @JupiterExchange's "Earn while you wait" function so my idle USDC is also earning while my DCA is executing GUD TEK Let's hope for a magnificent 2027 where all our bags pump and we eat at TGEs
I really love the whole @JupiterExchange ecosystem because of just how efficient and vast their apps are The DCA earn feature was something I should have used while I was executing my 2-month DCA into SOL, xSOL and ANSEM I doubt any other exchange came up with something like this where you can earn on your DCA order while you wait The Auto-earn feature is also super useful for traders or DeFi users waiting to make their next play Set a threshold, when exceeded, tokens are instantly deposited to Jupiter Earn vaults to earn while you wait Jupiter brings capital efficiency and UX to the next level and you can bring it further with @jup_mobile, bringing the financial superapp with you wherever you go I'm so glad I stopped using Phantom and switched to Jupiter JUST USE JUPITER p.s I am ambassador for Jup Mobile
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Sad but harsh reality for all airdrop farmers You spend months and years using, testing and working for a POTENTIAL reward that may never arrive And in this space where crime and dishonesty are rampant, it's hard to find true founders who really reward their early contributors If you're farming more aidrops, remember not to all in into degen points farming Something I've recently done because I decided that earning yield + some points is sometimes better than just max points farming
So let me get this straight: Kast grew their crypto credit card business by offering very high cashback in airdrop points. Then they said, "most tokens go to zero", so instead of an airdrop, we'll give you real equity in Kast, a growing business, how exciting is that?! And now they're saying, "yeah we're not doing equity", but here are a few vouchers and new points that might have benefits in the future, but no guarantees. Everyone promoting this and riding around in these bullsh*t Kast VIP vans should be ashamed of themselves
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Starting moonvember by hitting 800 followers 🥳 200 more to hit my year-end goal LOCK INNNN Did you guys also noticed my banner changed
"Uptober" has been terrible for me for 2 years straight as a new cycler Maybe next year it will be different Hope moonvember really begins lmfao
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I'm really anticipating a huge drop from @xStocksFi when we get the TGE Every institution is buying into the tokenized equities narrative with Robinhood even onboarding tons of users through their app which allows 24/7 trading of it I feel that my 5m+ points right now is way too little but it's already my best effort so fingers crossed we get $2b FDV
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