Ignas | DeFi

@ignas

180 Following

1853 Followers

Ignas | DeFi pfp

Amazing video of a non-crypto tech youtuber trying to earn money with memecoins. TLDR - crypto is gambling to most people. Sad. His review of memecoins? 3 out of 5 stars. https://www.youtube.com/watch?v=zCTEhUvdhBg

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Ignas | DeFi pfp

New blog post: Nine shiny new tokenless protocols with points to try (farm) right now. Enter the alpha zone here ↓ https://www.ignasdefi.com/p/nine-tokenless-protocols-with-points

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Ignas | DeFi pfp

just tipped my favorite farcasters! thank you @pelasti @osazzzz @kuusho @llamabee @coinempress @314yush @doggfather @sanjay and the rest for being here :)

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Crypto is so ready to rip upwards like crazy But just macro is holding us back. Nothing else.

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Fearful State of the Market & What's Next #6 • Bitcoin - Bear or Bull? • $ETH, oh ETH... • Productive crypto assets to check • Bad precedents in tokenomics • What's next for DAOs? Read it here: https://www.ignasdefi.com/p/fearful-state-of-the-market-and-whats

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Ignas | DeFi pfp

Rate my all weather portfolio: 1. BTC 2. HYPE 3. FARTCOIN

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Ignas | DeFi pfp

just tipped my favorite farcasters! thank you @rostyslavbortman.eth @jackten @petar @doggfather @monteluna @pelasti @kugusha.eth @ted and the rest for being here :)

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Ignas | DeFi pfp

WHAT BEAR MARKET?

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Ignas | DeFi pfp

The old DAO model is in shambles: Last weekend, hitmonlee.eth paid 5 ETH (~$10k) on Lobby Finance to buy 19.3M ARB (~$6.5m) voting power. The ROI for the vote was ~ 66 $ETH in total for paying 5 ETH in voting power! Learn more on Elon Musk's X https://x.com/DefiIgnas/status/1909554283445387366

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Ignas | DeFi pfp

Stole this from X Can relate.

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How crypto companies go bankrupt: Yesterday, I learned that Phaver social media app had closed operations with all socials gone. Token down 99% since TGE in September. I had high hopes for Phaver merging Lens and Farcaster ecosystems, with 35K DAU and 800k downloads. At peak, they had 50% of Lens traffic and 20% of Farcaster's. I asked their team member on what happened and three things stand out: 1. They messed up TGE & airdrop. It led to hours of portal failures, causing FUD as people couldn't claim immediately. 2. They overpaid for CEX listings: Paid more than $1m USD for 5 CEX listings. $SOCIAL still trading on Bybit, KuCoin, Gate etc. 3. Ex-employee said the team decided not to sell any tokens at TGE as FUD was already too high. This was a mistake as they were short on cash for operations. TL;DR – Phaver ran out of funds. As a Finnish company, it also had to pay employees during the 1–2 month notice period. All this despite raising $8m at $80M valuation from Polygon Ventures, Nomad Capital

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So Lens, might say Farcaster's only competitor, migrated to zkSync Farcaster launched Snapchain. I wonder who are smart enough to compare the two strategies? @dwr.eth @ted @v very curious to see your insight on their approach.

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Why tariffs should be bad for crypto? Doesn’t matter. We can still pump if we want.

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Ignas | DeFi pfp

Some things I am excited about in crypto. Shared it on X (Sorry) https://x.com/DefiIgnas/status/1907380993423761440

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Ignas | DeFi pfp

just tipped my favorite farcasters! thank you @petar @pelasti @woj.eth @v @aghahowa.eth @peth @csmit @dwr.eth @especulacion @doggfather @moo @philipliao.eth @fantomas7x @osazzzz @chainyoda @ted for being here :)

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Larry Fink's annual chairman letter is super bullish on crypto. For this privilege you need to check my thread on X: https://x.com/DefiIgnas/status/1906735053604028671

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Ignas | DeFi pfp

Valuing L1s based only on fees is shortsighted. If that was the case, $TRX should trade higher than $ETH. But it's not. Decentralization (meaning security), dev activity, TVL, ecosystem maturity, tokenomics... all these factors matter. Opinions that ETH is dumping because fees are dropping as activity shifts to L2s are getting louder. Standard Chartered cut ETH price forecast from $10k to $4k because fees were outsourced to L2s. Sure, fees matter, but if they were the only factor, BTC would trade lower than ETH. But it's not. For some, ETH is money as pristine and yield-bearing collateral in DeFi (like Maker and Ethena). For others. ETH serves as a store of value differently from BTC. While BTC hedges against macro instability and money printing, ETH is a store of value in the digital economy. A stable macro environment and fiscal prudence risk BTC but not ETH.

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Honest question: Why are you still holding $ETH? What’s your reasoning for being bullish.

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How many time does one need to be wrong to stop being taken seriously. Take the Capo post. What am I supposed to learn from this? That if BTC goes down, it invalidates his bull trap idea? And if it goes up, I should sell? He just gives both scenarios so he can be right in any case. Totally useless insight here. What is this based on? Just chart? No macro insight, no structural BTC dynamics. Just TA like horoscope. Useless.

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Ignas | DeFi pfp

‘ Generate image of this penguin into a real person’

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