Crypto Macro Trends for 2022

[Sprout]

Bro, there's is so much in your post, and it's very very exciting but besides the 2 of us, I don't think any on ET has any clue!!

ok, full disclosure, I've been derisking for several days by collecting rewards and converting to stablecoins due to risk-off environment in the "markets" (stock market and cryptos)

Fed bullsh*t talks of rate hikes and qt and then the Ukraine, fine, I'll collect my rewards and not compound them

It's amazing!! I feel like I have 2 geese (2omb Boardroom and LP farm) laying golden eggs every day (well, technically I collect twice a day, lol)

WTF, printing money Brrr!!

Well, technically, that's what Basis cash, Tomb and Tomb forks are about, like central banks, they print money (seigniorage projects), except money that is more valuable than fiat currencies, money that is crypto digital assets!!

I was on Twitter spaces yesterday, forgot who was hosting it, but ThisRisky (2omb/3omb project lead) was talking with a bunch of Tomb forks devs and communities (no Harry Yeh, lol) and Tomb forks are going multi-chain partnerships, Kitty Finance on Avalanche and this one is interesting https://polarisfinance.io/

But, at this time, I am just focused on collecting rewards money printer go brrr on 2omb. I'm not even touching 3omb money printer

Very happy with the risk/reward of 2omb and everything staked are all profits, anyway. I might throw $10K worth on a new Tomb fork genesis pool if the devs are trustworthy

Anyway, just a caution on Tarot that if you deposit, you might get locked even if you're getting a high APY, 100% borrowed utilization won't allow you to withdraw unless you can time someone depositing. Someone on Discord mentioned he could not withdraw his 2shares on Tarot

Also, not a fan of depositing and borrowing to buy more assets, basically leverage, but it's just me, I try to play it safe with cryptos, which has high enough volatility there's no need for leverage

Imho, Tomb being being unable to keep above peg all the time is because their community is highly leveraged on Tarot and always selling Tomb and has to wait for Harry Yeh to push Tomb back to peg and above peg so they can print

2omb has been above peg is because community and LP farms and now with 3omb, even more dynamics at play to keep 2omb and 3omb above peg plus partnerships

Keeping the money printer going full brrr 24/7

I was looking at Geist today, I have a well over 6 figures of stablecoins so it's an interesting project on the Fantom, like a young version of AAVE

I just discovered that you can take those 2omb BR rewards and single stake on Tarot for ~450% rn. Just implemented the strategy today with a token amount to understand how it works. I just did this on 3omb-wFTM-LP as a deposit on Tarot. Someone replied with the tip on Lending to the 100% utilized half of the pair. The drawback is that then you are locked until someone else deposits to lower the utilization allowing for withdrawals.

3Dao just opened bonding 3omb for deposited FTM, gonna implement that when ETH gas drops and move some funds from ETH.

 

[johnarb]

I just discovered that you can take those 2omb BR rewards and single stake on Tarot for ~450% rn. Just implemented the strategy today with a token amount to understand how it works. I just did this on 3omb-wFTM-LP as a deposit on Tarot. Someone replied with the tip on Lending to the 100% utilized half of the pair. The drawback is that then you are locked until someone else deposits to lower the utilization allowing for withdrawals.

3Dao just opened bonding 3omb for deposited FTM, gonna implement that when ETH gas drops and move some funds from ETH.

The way I understand the single-staking on Tarot is they combine 2omb with another token, say FTM or 2share deposits and create the LP's and then stake on 2omb, and then utilize their auto-compounder and Tarot takes a fee

I'm just weary of AC sites due to another smartcontract platform risk, i.e. Grim hack affected Tomb

Also at this time of crypto market uncertainties, I'm just cashing out all rewards and may actually reduce staked positions to derisk further but a remote possibility just keeping that as an option in the back of my mind

Good luck on 3Dao!!

I was thinking to start staking on 3omb a few days ago, but I saw 3omb go under peg twice already, I guess the Dao mechanism was implemented because 3omb went over peg shortly

 

[johnarb]

WTF, printing money Brrr!!

Well, technically, that's what Basis cash, Tomb and Tomb forks are about, like central banks, they print money (seigniorage projects), except money that is more valuable than fiat currencies, money that is crypto digital assets!!

*** Post is for entertainment purposes only


Money printer has been turned off!! [for now, maybe temporary and printer will come online again]

Last night, as 2omb was approaching peg, I cashed out a significant amount of the staked tokens

Today, I'll be completely out of 2omb. Awesome project, awesome money printer brrr

What a ride!!

Last night, threw some funds on a new Tomb-fork project peg to Tomb called Based Finance

https://basedfinance.io/ please dyor, NFA


Hoping to replicate even 1/4th the performance ROI on 2omb. Based is only 2 weeks old based on the number of epochs that have elapsed

Harry Yeh partnered with Based

Harry is a cool and smart billionaire investor hedge fund manager that is often on Bloomberg and now playing around in cryptos world

He wants to be a major player in the Fantom ecosystem. His baby is Tomb

I don't mind getting involved with projects that Harry is partnered with. He brings value to the projects in terms of capital as well as network community effect

 

[Sprout]

*** Post is for entertainment purposes only


Money printer has been turned off!! [for now, maybe temporary and printer will come online again]

Last night, as 2omb was approaching peg, I cashed out a significant amount of the staked tokens

Today, I'll be completely out of 2omb. Awesome project, awesome money printer brrr

What a ride!!

Last night, threw some funds on a new Tomb-fork project peg to Tomb called Based Finance

https://basedfinance.io/ please dyor, NFA


Hoping to replicate even 1/4th the performance ROI on 2omb. Based is only 2 weeks old based on the number of epochs that have elapsed

Harry Yeh partnered with Based

Harry is a cool and smart billionaire investor hedge fund manager that is often on Bloomberg and now playing around in cryptos world

He wants to be a major player in the Fantom ecosystem. His baby is Tomb

I don't mind getting involved with projects that Harry is partnered with. He brings value to the projects in terms of capital as well as network community effect

Based is great, although a whale has just unrelentingly been selling all morning. I got it when you mentioned 2|3omb earlier.

I'm still in 2|3omb - moved some stuff to Tarot and was making 500% apr single-sided staking until another whale just deposited a big stack dropping it into double digits.

Started last week cycling rewards from 2|3omb to Based, now cycling those rewards back into 2|3omb.

This market sell-off has been BRUTAL for tomb forks.

 

[johnarb]

Based is great, although a whale has just unrelentingly been selling all morning. I got it when you mentioned 2|3omb earlier.

I'm still in 2|3omb - moved some stuff to Tarot and was making 500% apr single-sided staking until another whale just deposited a big stack dropping it into double digits.

Started last week cycling rewards from 2|3omb to Based, now cycling those rewards back into 2|3omb.

This market sell-off has been BRUTAL for tomb forks.

I'm completely out of 2omb but may come back if the money printer comes back online

I let a lot of $$$ profits get away, but it could have been so much worse

I collected a lot of rewards that were not re-staked (compounded) for the past 10 days or so

I was only on 2omb and it has been holding up well until the past 3-5 days

I'm in Based now, only got in a couple of days ago, the printer looks strong, hope it's functional for at least 2 weeks

I did not go crazy into Based, but I'll compound every reward for the next 2 weeks

Good luck wtih T23omb and Based and other defi projects you're in

 

[Sprout]

I'm completely out of 2omb but may come back if the money printer comes back online

I let a lot of $$$ profits get away, but it could have been so much worse

I collected a lot of rewards that were not re-staked (compounded) for the past 10 days or so

I was only on 2omb and it has been holding up well until the past 3-5 days

I'm in Based now, only got in a couple of days ago, the printer looks strong, hope it's functional for at least 2 weeks

I did not go crazy into Based, but I'll compound every reward for the next 2 weeks

Good luck wtih T23omb and Based and other defi projects you're in

I’ve been swapping rewards for stable, then deposit in Geist. Supply FTM/stable-lp and then borrow FTM. This creates delta-neutral position for FTM/stable. Then swapping half for a peg token and then supply LP.
Works well when printer is running to pay down the debt. Now that the printer is off and that folks got hip to Tarot, looking for another strategy.

Were you in Tomb when it lost peg? What was that like?

2|3omb folks are a bit salty rn, thinking yeh betrayed their budding partnership.

I generally avoid the general channels and go into strategy or suggestions.

Suggestions are interesting when someone comes it with a lot of experience.


I’m getting ready for AC’s drop, lot’s of galaxy brains excited about it. Tokenomics are still confusing for me.

 

[johnarb]

Were you in Tomb when it lost peg? What was that like?

2|3omb folks are a bit salty rn, thinking yeh betrayed their budding partnership.

I generally avoid the general channels and go into strategy or suggestions.

Suggestions are interesting when someone comes it with a lot of experience.

I’m getting ready for AC’s drop, lot’s of galaxy brains excited about it. Tokenomics are still confusing for me.

Tomb lost peg all the time when I was in it. Their Discord says that's normal and how the protocol is supposed to work, above peg, at peg and below peg, then the mechanisms work to bring it back to peg and above, i.e. TBonds

However, imho, it was always Harry's funds that would bring it back above peg

2/3omb people that are salty right now must not have taken profits (or enough profits)

or if they got in near the top 2share above $4K, there was no opportunity to break even let alone be in profits

I think Andre and Dani are collaborating for a Fantom project, but I'm not really following it

I'm trying to be on risk-off mode, so going to focus on Based to keep me occupied, and picking up a btc in the next day or so

 

[Sprout]

Tomb lost peg all the time when I was in it. Their Discord says that's normal and how the protocol is supposed to work, above peg, at peg and below peg, then the mechanisms work to bring it back to peg and above, i.e. TBonds

However, imho, it was always Harry's funds that would bring it back above peg

2/3omb people that are salty right now must not have taken profits (or enough profits)

or if they got in near the top 2share above $4K, there was no opportunity to break even let alone be in profits

I think Andre and Dani are collaborating for a Fantom project, but I'm not really following it

I'm trying to be on risk-off mode, so going to focus on Based to keep me occupied, and picking up a btc in the next day or so

I was on Based discord and the convo totally fudded me out of my 2|3omb bags, also out of Based now, went into a reset on the portfolio by going into stables on Friday and loaded up on OXD which has the leading position to claim the most SOLID. FTM was brought to a crawl with all the moneyflow going into SOLIDLY.

I recycled 2|3omb profits over to ETH and also participated in silversurfer's Very Important Pineapples drop. It was the first WL where I didn't get botted out. He was part of the original MEME crew, promoting NFT's before they were a thing, has lot's of lore. They are also rolling out MEME Inu on FTM which has memeFi gaming mechanics. I'm bullish on this collectibles collection. I'm burnt out on new teams, going with tried and true. Also took those Based profits and cycled into ASH before today's pop. ASH has legs though, the A-List of digital artists on-board is quite bullish.

As for degens, still have token amounts on Partial, Comet, Proto, SnowyOwl but reduced positions substantially. These tomb forks have an interesting dopamine loop. The high APR's can easily distract one from the spread bwt FTM and stables. It's like a tunnel reality that has one compound on the way down without the context of losing more in buying power relative to USD.

 

[johnarb]

I was on Based discord and the convo totally fudded me out of my 2|3omb bags, also out of Based now, went into a reset on the portfolio by going into stables on Friday and loaded up on OXD which has the leading position to claim the most SOLID. FTM was brought to a crawl with all the moneyflow going into SOLIDLY.

I recycled 2|3omb profits over to ETH and also participated in silversurfer's Very Important Pineapples drop. It was the first WL where I didn't get botted out. He was part of the original MEME crew, promoting NFT's before they were a thing, has lot's of lore. They are also rolling out MEME Inu on FTM which has memeFi gaming mechanics. I'm bullish on this collectibles collection. I'm burnt out on new teams, going with tried and true. Also took those Based profits and cycled into ASH before today's pop. ASH has legs though, the A-List of digital artists on-board is quite bullish.

As for degens, still have token amounts on Partial, Comet, Proto, SnowyOwl but reduced positions substantially. These tomb forks have an interesting dopamine loop. The high APR's can easily distract one from the spread bwt FTM and stables. It's like a tunnel reality that has one compound on the way down without the context of losing more in buying power relative to USD.

Well, I had just gotten out of Based about an hour ago. Lost about 30% of risk capital

I saw Dao King's video on Snowy Owl today and moving to that degen play from Based, haha

Other than that, I have quite a bit in stables (profits from 2omb play). Solidex looks interesting for parking some stables in, but I'm a little bit on risk-off mode

I'm playing in my head the Tomb Forks strategies. Get in and get out with a profit, the target is wide, if there's potential for 10x, getting 2-3x is not a bad return, trying not to time the bottom or the top

I bought in high on Based which happens, so trying to see if I can get in not at the top on Snowy Owl

Cryptjitsu mentioned he's in and out of these Tomb Forks, but I think staying longer and taking a little bit higher risk can get more returns

Like with what happened with 2omb for me were more profitable if the Tomb fork can last more than 3 weeks

But if I lose again on Snowy Owl, then try again on the next Tomb fork, haha

Thanks for all the discussion, there's just 2 of us playing actively on native cryptos on ET it seems

 

[Sprout]

Well, I had just gotten out of Based about an hour ago. Lost about 30% of risk capital

I saw Dao King's video on Snowy Owl today and moving to that degen play from Based, haha

Other than that, I have quite a bit in stables (profits from 2omb play). Solidex looks interesting for parking some stables in, but I'm a little bit on risk-off mode

I'm playing in my head the Tomb Forks strategies. Get in and get out with a profit, the target is wide, if there's potential for 10x, getting 2-3x is not a bad return, trying not to time the bottom or the top

I bought in high on Based which happens, so trying to see if I can get in not at the top on Snowy Owl

Cryptjitsu mentioned he's in and out of these Tomb Forks, but I think staying longer and taking a little bit higher risk can get more returns

Like with what happened with 2omb for me were more profitable if the Tomb fork can last more than 3 weeks

But if I lose again on Snowy Owl, then try again on the next Tomb fork, haha

Thanks for all the discussion, there's just 2 of us playing actively on native cryptos on ET it seems

In risk-off, I'm depositing stables in Geist and borrowing FTM, creating FTM-USDC-LP. I deposit this in Tarot and leverage that. This gives me a delta-neutral on FTM with leverage. I can easily monitor it and when tomb forks are printing can pay down this debt from rewards. I'm bullish FTM long term but bearish in the short term. With the bear move, FTM has been cheaper than my entry on the above position, so I'm able to pay down debt faster.

Another risk off move, is single sided supply on Tarot. I like it with tokens where I'm long such as SOLID. I'm supplying greater degens than I and it's showing 450% apr (mostly due to SOLID's recent tear). The downside is at 100% utilization, one is locked into that APR until a whale apes to claim some of that juicy apr. They (juicy APR) have only lasted a couple of days until word gets out. I'm not doing these with tomb forks though unless the utilization is much lower allowing for easy in/out.

On Tarot with some of the low liquidity pools, the borrow on FTM is low single digits. I scored one a couple day ago at ~.5% on a borrow. Then SSS FTM on another LP that is paying premium interest on FTM. Same can be done on stables but the APR is much lower generally, except of DAI.

I put some vamm-OXD-USDC-LP on Solidex. It is printing but I think most of the liquidity on that platform will migrate to OxDAO when they come online. (currently in testing, release imminent)

The tomb forks are fun, but most of the convo is on stacking shares relative to FTM. That's fine but unless one is also tracking FTM-stables then the salt fills up general when market is selling off. The pegtoken is the key but only the Based disco really educates about it.

Yeah, it's fun chatting about this stuff with someone that doesn't have doe eyes and looking at you like you're speaking gibberish.

Aped into an NFT earlier this week for .32 ETH, it's now trading at 3.2 ETH. It's a welcomed change, most of my NFT's have been underwater, including some of Pak's recent drops, but after his recent announcement, super psyched on what's coming!

btw, I'm locked up on SnowyOwl, AVAX gas is a bit difficult and I don't have any to push a transaction through, ha!