🎧🧠 All-In on Crypto: Insights From Poker Pro
Round Table Weekly Recap - Week of April 3rd
Gm degens,
We interview top experts in crypto every week to capture alpha for our community. This digest summarizes the key takeaways of recent conversations.
Let’s dive right in 👇
1️⃣🎧 Poker Face, Investment Ace: Nick Drakon's Advice
Nick Drakon, founder of Revelo Intel and host of the DeFi Sparks podcast, discusses his experience with poker and how it has helped him in his investment strategies.
Key takeaways:
1. Bankroll management and understanding variance are important skills to have in both poker and investing.
2. Self-awareness and risk management are essential for prolonged success in both poker and investing.
3. It is important to understand the PvP nature of crypto and the narratives that are currently in play.
Keep in mind:
1. Not everyone is able to make decisions under pressure and have the discipline to have prolonged success in poker, or in crypto.
2. It is difficult to predict the volatility associated with an asset and how much of one's bankroll will be lost on the bet/asset.
🎧️ Here’s an audio clip from this Space 👇️
Listen and keep reading 🍿:
2️⃣🎧 On-Chain Investment Management with Huf
Huf, Head of Investments at Reimagined Finance (ReFi) talks about the development of ReFi and its on-chain asset management services for high-net-worth retail and institutional investors.
Key takeaways:
1. ReFi offers a token - ReFi token - that allocates capital and generates yield on behalf of its investors.
2. ReFi Pro is a crypto institutional on-chain asset management service for large institutional and retail investors.
3. Huf advises not to overtrade and pay attention to entry and exit costs.
Counter arguments:
1. ReFi's services may not be suitable for all investors, as there are risks associated with smart contracts and portfolio volatility.
2. ReFi's services may not be as accessible to the average investor as other options in the DeFi space.
🎧️ Audio clip from this Space 👇️
Listen and keep reading 🍿:
3️⃣🎧 From Store of Value to DeFi Darling: Bitcoin's Evolution
This article explores the utility of Bitcoin (BTC) and its potential for participating in decentralized finance (DeFi).
It features insights from Aki Balogh, a former software engineer VC turned entrepreneur, on BTC's strengths as a mature and reliable environment with a predictable monetary policy.
Key takeaways:
1. BTC is a mature environment with a predictable monetary policy and decentralization.
2. BTC is not as straightforward to build on as Solidity, but it is safer.
3. BTC can participate in DeFi through locking BTC on the BTC chain on escrow and allowing conditional payments through that escrow.
On the flip side:
1. BTC lacks smart contract compatibility.
2. Building on top of BTC may involve 3rd party centralization.
🎧️ Here’s an audio clip from this Space 👇️
Listen and keep reading 🍿:
4️⃣🎧 Bubblemaps: Navigating Crypto's On-Chain Terrain:
This article is a recap of a round table discussion with the co-founder and CEO of Bubblemaps, Mick about how their programs have been able to identify patterns and clusters of on-chain behavior.
Key takeaways:
1. Bubblemaps makes on-chain data more accessible and appealing to a wider audience through interactive, colorful, and gamified maps and charts.
2. Bubblemaps can be used to identify wash trading activities and clusters of wallets controlling a significant portion of a token's supply.
3. Privacy by design is important and Bubblemaps can be used to identify alpha and avoid scams.
Counter arguments:
1. Stablecoins are the foundation of DeFi, so when such an announcement as BUSD comes out, it takes time to navigate.
2. It is difficult to maneuver on-chain data when it comes to industry giants.
🎧️ Here’s an audio clip from this Space 👇️
Listen and keep reading 🍿:
Do you think DeFi on BTC is here to stay? |