DefiMinty (@trashbin) • Hey

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First post on Lenster! Hope to start using Lens more so excited to be here!
Been staring at the Bonsai Explorer for an hour and I still have goosebumps
Current state of banking affairs fuels the widespread fear for providing and obtaining credit. It's also revving up Defi. Tokenization of a real world asset (RWA) eases this fear. One that is hardly ever talked about in Defi is NOT a land, commodity nor an art ⁉️🧵 https://twitter.com/arndxt_xo/status/1642844427894018050 I thought I'd share with you this upcoming protocol called @Polytrade_fin. But before the deep dive (pt 2), I would do a market research for its core concept. 1️⃣ What Polytrade does 2️⃣ Preclude to RWA 3️⃣ What are RWAs 4️⃣ RWA credit protocols 5️⃣ Alignment of macro dynamics 1️⃣ What Polytrade does Polytrade tokenises credit (aka invoicing receivables) into a safe asset class while earning yields for its liquidity providers. This credit tokenisation can help SMEs raise liquidity, which is crucial to keep business operations going. Market potential here is massive as it's building in a 5T trade finance market. Market gap exist in terms of funding, where it still lacks 1.5T. @fitforcrypto_ shares similar sentiment that the RWA scene is just heating up https://twitter.com/fitforcrypto_/status/1636727752744206338 Lets look at how RWA in trade finance transforms not only in Defi but in web2 as well! I think that the RWA is poised to take down some of that 16 trillion market share. https://twitter.com/thedefiedge/status/1641440379760443393?t=etJhc_yeyXPfK3FwY3qy2Q&s=19 2️⃣ Preclude to RWA With the collapse of LUNA, we have seen DeFi yield taking a nose dive. The promised highlands are not longer safe. And even the gold standards of crypto such as FTX fell prey to greed and mismagagement. Regulations were merely a facade. So where can we look for high yields? We now turn to new trends with the "fi"s i.e. Gamblefi, NFTfi, LSDfi. You dont feel too SAFU isn't it? RWA offers that assurance and yet a way to earn higher REAL yields 3️⃣ What are RWAs These are assets that exist in the physical world, with a real impact to businesses. RWAs have a financial value attached to them, be it a market price like a property or commodity, or a perceived value like an art. Clearly an untapped market potential. Giants in the web2 space are taking taking advantage of this narrative: ▫PE firm @hamilton_lane, manages $824B of assets, would tokenize a portion of its equity fund. Whats more astounding is that governments are accepting DeFi! ▫@MAS_sg announced Project Guardian, a pilot program to tokenize bonds and deposits that can be used in various DeFi strategies. it uses Defi protocols like @AaveAave and @compoundfinance to earn interest, or take loans. Big banks are part of this pilot too! User benefits as traditional assets are being brought on-chain: ▫Fractional ownership; lower min investment ▫Increase asset's liquidity ▫Enhanced transparency and security ▫Better security through blockchain tech ▫Better compliance ▫Automated ownership management 4️⃣ RWA credit protocols RWA narrative is led by web2 companies. But how about crypto native protocols? One upcoming is @Polytrade_fin. I have seen its roadmap and can only assure you that it has solid partnerships lined up and a bullish roadmap ahead. (in the next thread) Polytrade plans to incorporate a suite of features, which I already seen its successes with the current RWA credit protocols. You can take a guess on the sort of features it will have. Here's a quick competitive research of some relevant protocols that's already out there: 🔹@maplefinance credit marketplace plans expand to receivables financing up to $100M in size, as well as support US treasuries and insurance refinancing. 🔹@goldfinch_fi allows for the creation of junior and senior tranches for assets. 🔹@OndoFinance recently tokenized US treasuries, investment grade bonds, and high-yield corporate bonds. 🔹@FluxDeFi (built by Ondo) allows borrowing of stablecoins against the tokenized US treasuries. 🔹@centrifuge deals with structured credit—is focused on securitizing and tokenizing previously illiquid debt, with $298M in total assets already financed. 🔹@BackedFi a Swiss-based startup that launched its first product, bCSPX representing tokenized S&P 500 ETF shares. Probably this is something that could interesting and also I would exercise some caution given the recent bank sentiments from the Swiss largest national bank Generally, these protocols work largely around 2 main users: Lender and Borrowers. Lenders provide capital to borrowers, who seek some financing. RWA then comes in with innovation on how this can be financed through the play of various assets. Advantages of RWA credit protocols ▫Lenders earn higher APY than most promised Defi yields ▫Presents a new source of loans, and increases capital efficiency ▫Businesses are building their on-chain credit profile Disadvantages of RWA credit protocols: ▫Default risk posed by the borrowers ▫Defi's distaste for KYC ▫Biasness in KYC and AML process as its a human-driven process 5️⃣ Alignment of macro dynamics I thought it was timely to bring this topic of RWA for credit as we have seen the ugly tradfi macro out there. One of America's great bank collapsed. Switzerland's stronghold bank Credit Suisse fell overnight and it was saved for a cheap $3B. This sort of macro dynamics put a lot of financial strain on SMEs. They will often require more cashflow while banks become stringent in giving away credit facilities. So where could these SMEs turn to? Either they fall or get more cashflow elsewhere. They can turn to Defi! For investors, RWA is now at an ATL and could be an opportunity to look at some of them. (NFA) @Polytrade_fin have also just announced a raise of $3.8M from big names like Matrix Partners, Polygon Ventures, Alpha Wave and Coinswitch Ventures. https://twitter.com/Polytrade_fin/status/1641414192724086786?s=20 @Polytrade_fin has planned some interesting features in their new roadmap and I will dive deeper into the protocol and its mechanics in the next thread. It's also creepy that I found something from Polytrade hidden in the depths of my cupboards!
So Lens handle just reached near $300 yesterday hah. Remembered the first day I bought a bunch of it for a few bucks and share freely for everyone. Still HODL some for the airdrop. For anyone who believe in me WAGMI 🚀🚀. Next bet coming up soonish so stay tune for the money 🤑 https://lenster.xyz/posts/0x0103f4-0x05
- Bought my Valhalla NFT for 0.71E ($8xx) - Sold for 1.2E ($18xx) + 5 Amory token airdrop 0.17E ($2xx) - Bought @zapper Trophy NFT (Zeus) for 1E ($15xx) https://lenster.xyz/posts/0x0103f4-0x18 Reason: - Zapper is one of the projects with real builders and fast shipping despite the bear market - Zapper products are cool and Seb, the founder has a great personality - They’re about to launch a PFP project called Zappy MC - Zapper doesn’t have a token yet >> Speculate that trophy NFT will have some use cases related to Zappy or token
**The data-driven economy | Why data is the new oil?** https://mirror.xyz/0xdeidara.eth/2W16sVoboNfpZU4EG5B7BU_CT0k_0erfzcW_2vyFHMw The information provided in the article: - Explain the role of data - Understand AI/Machine Learning, Big Data, Deep Learning, Cloud Computing terminologies in the simplest way - The position of blockchain in the data-driven economy - How to not be left behind in the new era?"
LENS $200 😳😳 Oh mom, I'm rich Still have some handles left tho =))) Patient for the airdrop
2023 Predictions From Deidara | Bad time, Good time https://mirror.xyz/0xdeidara.eth/bbVjoA1VoBLFGKpJVkOFim2vxurX3K5d4ORFARYI8Y0 ***“Fine art is the beauty of that single fleeting moment of explosion.”* Hope you’ll be ready**
From $7 to $79.9 Not too shabby Will you HODL or sell?
New year new me Just structure the plan for 2023 Hope we can have a great year ahead 🎇🎇 Next post Predictions for 2023 😄
**Ethereum as a company** Full posts: https://mirror.xyz/0xdeidara.eth/7aalKMy3hE-SvsmBc34PjQEWl6QHv_-p6AhrenBo-yo Everyone believes ETH will lead the next bull market, but a few no why and when Today I give you a view (a non-tech one) that makes me believe Ethereum will thrive. *"If we consider smart contract platforms as companies, then Ethereum is the only company that used to operate profitably and has chance to maintain that state. This difference will become more apparent as the market starts gaining back traction along with the development of layer 2".*
Happy 2023 May the new year bring abundance and prosperity to your portfolio. Let the explosion continue 💥
. @y00ts.lens announced to Polygon is a major decision for the future ahead. Meanwhile, the handle y00ts on @lensprotocol, the most innovative decentralized social media backed by the Aave team, is on sale. Wonder if any believer of y00ts will take the lead?
**Trading Volume shouldn't be the only criterion to evaluate an NFT project, especially PFP NFT.**\n\nIf everyone is so passionate about their PFP and wants to keep it (both for the picture and join the community), why is the trading volume of top PFP always on top? \n\nWe have people who want to join the community; on the other side, the PFP project must keep its collection volume on top to receive awareness. \n\nThis contradiction is due to the reality that:\n\n- The PFP NFT space is heavy speculation because the trading volume is so easy to pump. \n\n- The community is only enjoyable to a few (if you follow a discord close enough, remove all questions, we can only see some familiar faces) \n\nThis is a lesson for other PFPs want to be success in the space. \n\n1. If you can not think of a new index to represent the popularity of a PFP collection. Deal with it and hire an NFT MM team. \n\n2. NFT x Products. If the community has the same goal, they can be connected more than ever. This is why Yuga creates its metaverse project. Yuga has a lot of PFP collections, but the communities are silos to each other. If they can have the same goal (making money on Otherside, building the metaverse,...), the silo will break.
**The Daily dose of** @lensprotocol **#3 - For builders** The "Users own social graph" concept of @lensprotocol + the "Open-source" nature of blockchain will affect how teams build their social dapps. The "Open-source" nature of blockchain will make building social networks much faster and easier. We may see many "Twitter", "and Facebook,",… that built on Lens soon. "Users own social graph" allows users to move to whichever home they like. Both will encourage teams to build the best product they can and use their creativity to bring unique features. If your product is not good and continuously developing, the project will lose its users. Another aspect to consider is whether we need 5 or 6 apps like Twitter; 10 or 11 apps like Facebook. The competition is good for boosting the ecosystem's growth, but too much of a good thing is harmful! We might see the shifting from general social media to specific social media at a more profound state. It's not just like having Twitter, Facebook, Only Fan, Linkedin,… It's like having a Twitter focus on finance with a specific extension. This will create a community with the same interests; and the best thing is they can go anywhere they like with their followers intact.
**The Daily dose of @lensprotocol #2 - For users** Once users own social graphs, they can use them on different platforms. Imagine how much time and effort an user could save if their YouTube followers automatically followed them on Instagram when that user created a new account. With @lensprotocol, you can carry your follower with you when you use another dapp. If a user's content is not accepted on one platform, they can easily switch to another social network with the same number of followers. This creates flexibility as apps can moderate content accordingly without causing a major loss to the user.
**The daily dose of @lensprotocol #1 - The concept of Social Graph** \n\nUnderstanding the concept of social graph will be the key when using and building decentralized social network apps\n\nThe social graph is the connections between people participating in a social networking service. \n\nWhen users join a social network, their account is not something that is valuable, it is information about their relationships (friends, family, loved ones,...), the content they make to earn followers and the things they do or follow online. Users feel lost when they lose their social media accounts because they must rebuild the social graph from the start.\n\nWith the idea of @lensprotocol, users will control their social graph. The social graph is now an asset class instead of a commodity big companies own.
The collect feature of @lensprotocol is truly an innovation in content making that you still sleep on. Imagine a potential when: - A collector can ask a question from a person with higher knowledge when they donate - A fan can have a conversation with a famous person when they donate - Use NFT to join a group that suits your need This is not just about money. Another way to monetize will incentivize people to make better content and be willing to share more. As a collector, you might have quicker access to the thing you need The "hidden content" you don't want to publicly can now be distributed to the right people much faster. You don't have to make a conversation to see whether a person is worth sharing. The person willing to spend money for you is the best filter. And there is so much more that I think I need to write an article. Amazed by what @lensprotocol have brought to us, and thank the lens team and the community for making this possible 🙏
**The art of Deidara - How Deidara catches some fleeting moments of crypto explosion** Link: https://mirror.xyz/0xdeidara.eth/tGFpUicQU0XBBYQfC9tSob15391hM_W6vtW2mTJHoMQ After reading your comments, I realized it might be better to clarify my strategy. If you see yourself fit with the art of Deidara, you can follow my call; if not, it might be better just to stand outside. Crypto is an explosion; either use it to win the war, or blow yourself up. It's 100% of your responsibility. Remember it!
See u in Valhalla
#Lens random handle giveaway What to do? - Follow me - Like, mirror & collect this post The winner will be announced next week. Thanks everyone for supporting the art of Deidara. Promise to bring more explosions in the future. 💥💥
Zoom out! This is one of our key lessons about investing. The market can do the craziest shit to you. Your job is to deal with it, live with it and find opportunities within it. It's not our writing or our alpha that we once shared and will share that we consider important. We think better your view is what anyone who wants to win in this market needs. We will look back at this post in 3 years. We hope not just us, but everyone who supports us will achieve something extraordinary in this market.
Start your journey to claim back your social graph with @lensprotocol ecosystem 🌿🌿 Take your first steps by exploring these apps Use @lenster.lens @orbapp.lens @phaverapp.lens instead of Twitter/ Facebook Use @lensta.lens instead of Instagram Use @lenstubelogs.lens instead of Youtube Use @lensport.lens for trading contents on Lens Eco Use re:meme for the culture
What is @zapper.lens ? Everything you need to know about Zapper - The products - Tips & tricks - Won’t leak 👀 https://mirror.xyz/0xdeidara.eth/mwY8TjNNanDohn10PN0jDY6_jcVBrVIm8eudktp89tU
What is @lensprotocol & finding opportunities with Lens Protocol Link: https://mirror.xyz/0xdeidara.eth/3ojvhNhatzUJ9UrTSmxG2nkyF_vSTj-n8QcT21A5vgk Quick take: - Lens Protocol is a composable and decentralized social graph. With Lens, users will be in control of their own social graph - Lens ecosystem is growing at such an amazing speed - There are opportunities for users when joining Lens ecosystem now
PFP NFT Analysis | What is the future of the PFP NFT? Link: https://mirror.xyz/0xdeidara.eth/3_IvAzcuT5f8szIwSH_3kI8pMsTPN05lkQ_URAz9O2I Quick take: - PFP is the most developed type of NFT. - Community is crucial for the success of PFP - Currently, PFP projects are gradually reaching their limit. - The problem of taking advantage of IP, generating sustainable revenue, and expanding the community are problems that need to be solved by PFP projects.