AlfaFrens

Alfafrens - The Great Deleveraging

I just published this post covering my views on the most recent and current events of /alfafrens

This is a long post, but a complete one. I am ultimately bullish on @alfafrens and hope this post provides insight into why subscriptions are declining and provides a longer-term view.

Social subscriptions app that helps content creators connect with their fans and get paid every second. Powered by @superfluid. 🫂

https://alfafrens.com/info

Crypto / NFTs since 2017
Web3 Investor / Finance / Macro 
Underground / Meta Blazers
https://www.alfafrens.com/channel/0x2c1aff8df829e4b663f5025c485dfa8e845d15e

This analysis doesn’t make any sense to what is going on with alfafriends. 

I suspect all of these liquidations (or a large portion of them) are planned and intentional. It’s an easy way to shed hundreds of poor performing accounts without having to manually unsubscribe and pay gas or have any financial penalties

I am a maker. I communicate through photos. Also do metal casting, 3d prints,
AI, robotics and mashups of all of these things.
http://tmophoto.com


Zoom out. Why are they decisioning to self liquidate on purpose? Because everyone was over leveraged. Strategic defaults are still defaults. Probably even more telling in some cases of the current state of things.

I challenge this; I know of numerous accounts that were profitable and liquidated. I was one.

If you see the tide change you can take preemptive action to retain margin.

I came for the tech and stayed for the art. Cheese, Wine & JPEGs. 
Oh & veCRV too.
Euro expat

You seem like you were using the site as intended not dumping 100k degen in and subscribing to 1200 accounts to amass as much Alfa as fast as possible then not have to pay the tx fees to unsubscribe from 1200 accounts.