28 days ago
Are you a crypto crash rookie?
You need JackInabinet's guide to disaster-proofing your crypto portfolio ☢️
1/6
You need JackInabinet's guide to disaster-proofing your crypto portfolio ☢️
1/6
28 days ago
In response Bankless to his Publication
🙅♂️ Avoid
This year, pegged assets, like liquid restaking tokens & Ethena’s synthetic dollar, captured outsized attention from airdrop hunters but are among the worst assets to hold
Their underlying liquidity is extremely thin & could evaporate instantaneously next downturn
2/6
This year, pegged assets, like liquid restaking tokens & Ethena’s synthetic dollar, captured outsized attention from airdrop hunters but are among the worst assets to hold
Their underlying liquidity is extremely thin & could evaporate instantaneously next downturn
2/6
28 days ago
In response Bankless to his Publication
💸 Automatic Yield
USDM holders automatically receive daily onchain interest payments through token rebases
USDC holders can earn yield by holding their balances on coinbase
4/6
USDM holders automatically receive daily onchain interest payments through token rebases
USDC holders can earn yield by holding their balances on coinbase
4/6
28 days ago
In response Bankless to his Publication
💱 Provide Liquidity
Lending is undesirable due to the possibility of bad debt accrual
Instead, provide liquidity on regulated stable pairs – like USDC-PYUSD – with minimal risk of impermanent loss that would result from holding a depegged asset
5/6
Lending is undesirable due to the possibility of bad debt accrual
Instead, provide liquidity on regulated stable pairs – like USDC-PYUSD – with minimal risk of impermanent loss that would result from holding a depegged asset
5/6
📉 Bad Times Ahead?
For those shaken by the early August selloff who find themselves uncomfortable with their current level of portfolio risk, now is the time to change up asset allocations, as there may not be a better opportunity to do so in the future
6/6
For those shaken by the early August selloff who find themselves uncomfortable with their current level of portfolio risk, now is the time to change up asset allocations, as there may not be a better opportunity to do so in the future
6/6
28 days ago
In response Bankless to his Publication
