🎧 How To Be An Anon Analyst Chad
Round Table Recap: May 9th, 2023
In a recent Twitter Space, Pansophichad discussed his crypto journey with Kadeem. He talked about his VC analyst role, and tips for aspiring analysts.
Pan also shared his research process, market views, and success with WhiteK Finance. He highlighted promising narratives such as MetaFi and SpiceFinance.
You can listen to the full audio here.
Keep reading for the key takeaways 🍿👇️
Pan started in crypto back in 2014 when he bought his first BTC.
He mentions how he never really monitored the crypto market until 2017 when the crypto market became more known.
In 2017, he realised he lost his keys, so out of spite, he neglected the market initially.
He still talks about how he researched stablecoins and the mainstream L1s.
In 2020, Pan got into stablecoin farming firmly and earnt yield; however, he talks about how it was pretty lucrative.
He dove into blockchain tech and how it could be utilised in the future.
Whilst he was at university, he followed multiple miner courses about it and wrote his graduation thesis about security in DeFi.
He also started to work at a crypto native VC and has now started as an analyst.
🎧️ Pansophichad talks about his anon background 👇️
What got you hooked on the space?
Pan mentions how the scarcity of BTC intrigued him initially.
He knew the 21M max would've created a demand for the asset.
Furthermore, the concept of immutable data and immutable ledger was immense to him in the later eras.
The idea of ‘magic internet money’ was a huge factor too.
Initially working at the VC, he realised the boundaries of free speech are less confined when anonymous hence why he goes by Pansophic.
🎧️ What got our guest hooked onto crypto 👇️
The process behind leaving the last VC and being anon?
Pan explains how it was a simple process where synergies no longer worked.
Currently, he does research and DD with projects as well as vested rounds/seed rounds.
Pan talks about how being anon sometimes can limit your control and voice as a creator.
🎧️ Process behind his leaving the VC 👇️
General tips for VC analysts?
Pan mentions how if an analyst wants to get into the space, make sure they know their stuff.
Whether that's infrastructure, DeFi, TradFi etc., specifying in particular niches is important, Pan says.
Furthermore, he explains how it's essential to have a track record which you have possessed through threads, tangible prior work etc., such as articles.
He also mentions how being well-connected is also very important.
Process of conducting research?
Pan talks about how it starts high level and how he gets the basic concept of a protocol.
Additionally, he digs deeper and finds elaborate threads on how it works on the technical side.
He emphasises looking into the competition, how the project can be improved and possible downsides.
He also looks into if there is a product market fit, product demand and utility.
He also follows the current narrative giving the example of ‘multichain hype’ and researching said projects in that regard.
Pan emphasises how you can use simple tools to be successful in a project.
He watches multiple videos, uses Discord and Twitter and explores whitepapers and podcasts.
🎧️ Tools he uses to conduct research 👇️
How do you see the market going?
Pan explains how he's been sidelined since December 2021, including missing the current run-up.
He explains how we may see more bearish price action after the recent dip.
He believes it will continue towards the end of the year.
On a personal level, he emphasises how it's a lot easier to research projects in the bear market as it is a timely process and allows proper DD instead of during a raging bull market.
He believes PEPE being listed on Binance will spill the top of the bear market rally and other meme coins.
🎧️ Pan’s view of the market right now 👇️
What factors do you consider when forming your market view?
First, Pan considers where we are in the market cycle, such as establishing whether this is a rally or bear market.
He utilises sentiment on CT, F&G and general social media hype.
Furthermore, he does technical analysis but tries to be unbiased.
Pan also mentions how he tries to predict any macro catalyst that may take place, as well as fundamentals.
These can include partnerships, token unlocks, etc., he emphasises.
🎧️ Pan’s factors for forming a market view👇️
What are the biggest wins in the space?
WhiteK finance was Pan's biggest win.
This is a stablecoin options protocol that comes down to buying real options speculating on stablecoins and backed assets to keep their peg.
The protocol went live in November 2022, and they released faults for stablecoins.
Pan figured that the same week of the FTX/Almeda fallout would initiate bad debt in stablecoins to become unsecured.
He bet 25% of his portfolio on the depeg of main stablecoins?, so for every ETH he put in, he got 8ETH back.
After the consequent depeg, he was 8x overnight, and his gains grew.
🎧️ Pan talks about his biggest wins so far in the space 👇️
Pan talks about MetaFi.
He says how the low-hanging easy stuff in DeFi has gone including borrowing and lending protocols.
The same applies to UniSwap Pan says, mentioning how its high valuation.
He believes that looking into new narratives with low valuations universally is a good hint as to where to look concerning more trading volume being generated.
SpiceFinance is a project Pan is currently looking into, saying its a low market cap and that the project has enormous potential.
🎧️ Pan talks about MetaFi and NFT Finance 👇️