Ignas | DeFi
@ignas
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Some hopium on what I'm bullish on:
• Farcaster: Best SocialFi app
• Web3 native cultural exports to Web2: Pudgy Penguins, Azukis, Miladies etc. Bearish cultural imports from Web2 to Web3
• Stablecoins that share upside with community: $ENA etc
• DeFi with PMF: Aave, Fluid, Maker, Pendle, etc.
• $ETH: Current UX is poor, but EIP-7702 and the new Open Intents Framework will improve it soon.
• New gen L2s (MegaETH) to validate Ethereum's modular vision
• Infinex, Hyperliquid and other onchain apps to challenge CEXs
• Gnosis Pay building onchain Revolut (via multiple products)
• InfoFi: Kaito, Ethos (reputation score), 0xPpl App (follow onchain trades)
• TradFi tokenization: Trade S&P500, $COIN onchain, and pumping liquidity to DeFi.
• New fundraising metas: Echo & Legion, but watch out for new money printing trends for best gains
• BTC as sovereign money
And most importantly, never ending crypto techno-optimism.
Continue up only, pls. 7 replies
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Memecoin mania legacy is ugly.
Crypto bubbles is 95% gambling and wasting resources, but the remaining 5% fuels innovation.
• Most ICO tokens died but Chainlink, Filecoin, Brave browser survived
• DeFi summer yield farming ponzis gave us Aave, Compound, Yearn Finance, Uniswap, etc.
Memecoins?
Mostly value extraction with little real innovation added.
Think pumpdotfun taking money out of the crypto system - a net negative.
Still, they stress-tested Solana and exposed low-float, high FDV token flaws.
DEXs now rival CEXs in volume and lead in price discovery. CEXs serve mainly for exit liquidity.
Memecoins could teach us about fairer token launches, but cabal pump-and-dumps damaged their reputation.
Most won't remember the memecoin mania fondly.
Like during the ICO and DeFi bubbles, many got wiped out.
But at least those eras brought lasting innovations.
Memecoins, though, will leave a modest legacy. 4 replies
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Great answers on why Farcaster > X.
In summary:
- Kind and thoughtful community—people are supportive, friendly, and engage meaningfully.
- Positive vibes—users feel better after using Farcaster, unlike X, which often leaves them feeling worse.
- Crypto-native features—wallet integrations, mini-apps, and on-chain connectivity.
- Better signal-to-noise ratio—content is more focused, with less clutter and speculation.
- Earning opportunities—airdrops, rewards, and incentives for being active.
- Less toxicity—fewer trolls, negativity, and unhealthy content compared to X.
- Customizable feeds and channels—users can tailor their experience to their interests.
- Ethical alignment—Farcaster feels more aligned with crypto values, while X is seen as supporting unethical leadership.
- Niche communities—focused on photography, technical discussions, and long-term crypto building.
- Interactive and fun features—mini-games, frames, and a clean, ad-free interface. 0 reply
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