Farcaster

Looking for genuine/thoughtful responses 🙏

Assuming you agree with the two statements below:
1. I can’t time markets
2. I’ve made many mistakes buying/selling  specific coins

What’s stopping you, today, from holding a diversified basket/index of the crypto market and holding it forever?

And yes, it exists.

builder Universal and @alongside (alongside.xyz) — Casts that won’t put you to sleep — come /donothing with us

I looked into index coins and  didnt see anything worthwhile, not broad enough and too high in fees. you have a particular product in mind when you say it exists?

Ethereum enthusiast exploring frontier of layer 2s, gamefi, and decentralized apps. Read my latest thoughts at https://paragraph.xyz/@non-fungiblethoughts/

Have you seen $AMKT before? Top 15 assets in crypto rebalanced quarterly, no yearly fees. Tracks the market at ~98% efficiency historically.

The sales pitch is attractive. And i like the no fee. A bit confused on the way the dao generates revenue by wrapping steth. Is the eth market cap weighting being stored as steth? Unfortunately based in the US otherwise I’d be more inclined to jump in.

Have you considered diversifying to something like reth? I hold most of my eth holdings in reth as i think it has better protection for holders than steth.

Basically the DAO earns 50% of the steth yield from the steth held inside the index and generates revenue that way. ETH portion is in steth indeed!