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defizard
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defizard✓

@belizardd

Your everyday wizard. Research and views are not financial advice ;)

  • Onchain
  • Joined
686 Following59.8K Followers29.7K Posts
  1. defizard✓@belizardd
    defizard
    RT @belizardd: "Isn't it risky?" My favourite answer is: it depends on what you consider “risky,” so let’s break it down. - You move money out of your Ethena Pay USD balance into an external vault run by @upshift_fi and curated by @SteakhouseFi; @EthenaPay is only the interface. - The strategy supplies USDe as collateral on Aave V4 on AVAX, borrows USDT, swaps back into more USDe, and repeats (leverage is ~11x). - Plain USDe supply yield on that market is basically ~0%. The 12% is driven almost entirely by @merkl_xyz incentives. Without those incentives, the position is deeply negative-yielding (borrow costs dominate). "What are the risks?" - 11x leverage. There was a time when USDe depegged to ~$0.65 on Binance in Oct 2025. Even modest temporary dislocations between USDe and USDT on AVAX markets, oracle quirks, or rate spikes can push the position into liquidation. - The yield is almost entirely a temporary subsidy, not organic protocol revenue. Campaigns end, get diluted as more capital enters, or change terms. - Smart contract risk, ofc. :) P.S. No, I’m not skeptical about 12% APY. I have a code (thanks to @alpha_pls) and I’m waiting for Ethena to open in the EU. I’ll be among the first to rush into depositing, kek. I do think Ethena is one of the best places to park capital and earn yield, if you have the opportunity.
    Ethena Pay @EthenaPay
    Introducing Earn+: 12% rewards on your dollars in a single tap. Available now for Pro and VIP users and rolling out to all Ethena Pay users in the coming days.
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  2. Ethena Pay@EthenaPay
    Introducing Earn+: 12% rewards on your dollars in a single tap. Available now for Pro and VIP users and rolling out to all Ethena Pay users in the coming days.
    Download
    15261593155K
  3. defizard✓@belizardd
    I met with @0xjawor last weekend, his energy is unmatched and he’s incredibly lighthearted. :) We talked about @redstone_defi, writing, and some life stuff... It was a pleasure getting to know him IRL. Happy birthday, RedStone!!
    RedStone ♦️ @redstone_defi
    RedStone Turns 6. Our mission: building the infrastructure for the next era of finance.
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  4. RedStone ♦️@redstone_defi
    RedStone Turns 6. Our mission: building the infrastructure for the next era of finance.
    Download
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  5. defizard✓@belizardd
    defizard
    RT @sheemawn: Polish version
    Download
    Zbynek Drab @ZbynekDrab
    Not inaccurate
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  7. defizard✓@belizardd
    A friend of mine had their TG account hacked & deleted today. He's not crypto-related and didn't have 2FA, recovery numbers/emails, a strong password, or anything like that. A reminder not to forget about security.
    Download
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  12. defizard✓@belizardd
    defizard
    RT @Jambolinos: crypto went from giga chads like GCR making tens of millions shorting LUNA and betting against FTX while staying completely anonymous to a bunch of low aura, chronically online KOLs with the most punchable faces imaginable being worshipped like they're the greatest traders alive what the fuck happened to this space?
    Jambo @Jambolinos
    crazy how two of the biggest KOLs with the most aura in the trenches managed to lose it all with $ANSEM and $KIMCHI ngl Pumpfun might actually be the main reason crypto is dying we desperately need something else to rotate into this shit is getting embarrassing
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  13. Jambo✓@Jambolinos
    crazy how two of the biggest KOLs with the most aura in the trenches managed to lose it all with $ANSEM and $KIMCHI ngl Pumpfun might actually be the main reason crypto is dying we desperately need something else to rotate into this shit is getting embarrassing
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  14. defizard✓@belizardd
    Correct me if I'm wrong, but there are hundreds of such bots. The thing is, most of them require a monthly subscription. Unlike this one. :) @netrovertHQ is a good friend of mine, and it's a pleasure to share some feedback directly with the developer... I'm going to spend the next hour digging into dexscreener, TG chats, and playing with things a little bit...
    Download
    Netrovert 🦊 @netrovertHQ
    saw this last night, shipped it this morning Netro Signal now watches 20 big accounts across solana, base, hyperliquid and more, and pings you when a fresh project follows them free on [@ netrosignal_bot], just send /follows on
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  15. Netrovert 🦊✓@netrovertHQ
    saw this last night, shipped it this morning Netro Signal now watches 20 big accounts across solana, base, hyperliquid and more, and pings you when a fresh project follows them free on [@ netrosignal_bot], just send /follows on
    Download
    1224833720.9K
  16. defizard✓@belizardd
    defizard
    RT @art_xbt: I think this is a very underrated take. I've been doing something similar after hitting 7 figs in my first cycle during ICO mania and giving it all back, holding the vaporware down to -95%. During this time I was running another business, which was going very well too. But once the bear brought me back to reality, and the business started to dry up as well, you only realize how much value the money actually has. During good times you never appreciate it until its gone. Going from 0 to 100k was significantly more important than 100k to 1m. Because it's very hard to get out of the 4 and 5 fig hell, while having the overhead cost of basic living. All of this goes away once you have a nice cushion and you have full control over your spending each year. The percentage from cost to earnings/savings is just too good). The same thing applies to the 1-5m range (depending where you live at). Once you reach this area, your goal should be to reduce risk, not push it. Because with this kinda capital, conservatively invested into indexes or even property (which is often a less attractive investment), you secured the bag. It's very hard to go below that unless you keep pushing unnecessary risk with diminished upside. After learning my lesson from the first rodeo, I told my self to never fumble the bag again and did my best to do less risky things. I put majority of funds away. Leaving a small amount to push risk again. But never to gamble with your nest egg. If you got there through skill, you will run it up again. If you gut there through luck, you saved your self a ton of money and heart ache. After that I still donked good amounts away in other "less risky" opportunities, but I think for most of us crypto gamblers, its best to offramp aggressively and idealy never deposit it back again. Secure your bag, reduce your downside risk and start the game again with 1/10th of your portfolio is a reasonable approach imo. There is no rush to get to 8 figs. If you're here, you will most likely pursue to chase the hot ball of money for the rest of your life. Theres a reason why many of those 80 year old dinosaur finance bros , like peter lynch, are still on this app. They're addicted to the gamble and just love the game.
    Route 2 FI @Route2FI
    Level 4 (1M–10M) really is the no-man's-land of wealth. For example, going from $100k to $300k can change your life. You can quit a job, move somewhere else, or take a chance on something of your own. Going from $5M to $5.2M? You're richer, but you don't notice the increase anymore in the same way. This is where the diminishing returns start to show. Back in 2021, when I went from $500k to $1m, I felt like on top of the world. It was a big change for me. A little backstory: in Feb 2021, I quit my 9-5 job with $500k NW, and it felt like a huge achievement. I knew it wasn’t enough to live off forever, but it was enough to dare to bet on myself. During the years after 21’ there have been periods where my NW has increased a lot, and periods where it went a bit down or barely went up at all. So I can very much relate to what Nick says: at some point, you could “work” twice as hard and barely notice the difference in your life. Your portfolio grows. But the extra money buys you less, while the time it costs you stays the same. This is where I think a lot of people in crypto get stuck. You know how to make money. But unless you increase the risk, your NW will only go up linearly. Because you might have to risk money you no longer want to lose. So you end up in the middle, the 7-figure hell (no man's land). Imagine spending another year glued to crypto to make an extra $200k on a $5M portfolio (4% increase). Don’t misunderstand me, that’s a lot of money, but many people don’t want to risk the big gains they’ve already earned, and since they don’t, their NW will barely move, and they’re forever trapped in the 7-fig hell.
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  17. Route 2 FI✓@Route2FI
    Level 4 (1M–10M) really is the no-man's-land of wealth. For example, going from $100k to $300k can change your life. You can quit a job, move somewhere else, or take a chance on something of your own. Going from $5M to $5.2M? You're richer, but you don't notice the increase anymore in the same way. This is where the diminishing returns start to show. Back in 2021, when I went from $500k to $1m, I felt like on top of the world. It was a big change for me. A little backstory: in Feb 2021, I quit my 9-5 job with $500k NW, and it felt like a huge achievement. I knew it wasn’t enough to live off forever, but it was enough to dare to bet on myself. During the years after 21’ there have been periods where my NW has increased a lot, and periods where it went a bit down or barely went up at all. So I can very much relate to what Nick says: at some point, you could “work” twice as hard and barely notice the difference in your life. Your portfolio grows. But the extra money buys you less, while the time it costs you stays the same. This is where I think a lot of people in crypto get stuck. You know how to make money. But unless you increase the risk, your NW will only go up linearly. Because you might have to risk money you no longer want to lose. So you end up in the middle, the 7-figure hell (no man's land). Imagine spending another year glued to crypto to make an extra $200k on a $5M portfolio (4% increase). Don’t misunderstand me, that’s a lot of money, but many people don’t want to risk the big gains they’ve already earned, and since they don’t, their NW will barely move, and they’re forever trapped in the 7-fig hell.
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  18. defizard✓@belizardd
    It took me 10 minutes to open my @ether_fi card. Good tech.
    Download
    defizard @belizardd
    It's been 4 days since my @Plasma card has been verifying. Has this happened to anyone else? 👀
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  19. defizard✓@belizardd
    It's been 4 days since my @Plasma card has been verifying. Has this happened to anyone else? 👀
    Download
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  20. defizard✓@belizardd
    defizard
    RT @DeFiMinty: "Fear is the mind killer" I've always been an anxious person. If anything was uncertain I would try to find certainty. And if I wasn't able to do so I would overthink it constantly. But what I realized is sometimes all you can do is let go. Control what you can and let go of the rest. If all you do is find the bad in things, you miss out on everything else. New opportunities. The small things worth appreciating. The ants and the trees.
    Route 2 FI @Route2FI
    Does anyone else feel like the next decade we’re going into, everything is just so much more unclear and uncertain compared to earlier. Its like we’ve all our lives have played this video game that we got really good at, with «fixed rules», but now it feels like we have to start over again. No career feels safe, no investment method feels like an easy bet anymore. We are heading into unpaved territoriy thanks to AI. Scary, but it will also bring insane opportunities for those who have their eyes open.
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  21. Route 2 FI✓@Route2FI
    Does anyone else feel like the next decade we’re going into, everything is just so much more unclear and uncertain compared to earlier. Its like we’ve all our lives have played this video game that we got really good at, with «fixed rules», but now it feels like we have to start over again. No career feels safe, no investment method feels like an easy bet anymore. We are heading into unpaved territoriy thanks to AI. Scary, but it will also bring insane opportunities for those who have their eyes open.
    481631730.7K
  22. defizard✓@belizardd
    defizard
    RT @rektdiomedes: The Year Is 2032.... - Gold is now worthless - Entire internet is hackable - AI bubble has burst - Real estate is dead and gone - Crypto? (What is 'crypto'?) The entire economy now runs on PSA 10 Charizards, first edition Harry Potter books, vintage high-quality One Piece collectibles, and original un-opened quaalude blister packs from the early 1970's 🤝
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  23. defizard✓@belizardd
    It was considered that if a16z, Paradigm, Dragonfly (and the list goes on) invested, it's a project worth farming. a16z invested ~$9.8 billion in crypto and ~$90 billion in AI, bio, fintech, etc. The meta now is not judging a project by VCs (as it used to be).
    Download
    viet @0xvietnguyen
    they invested in 50 crypto projects in 3 years, but 12/50 of them dead or shut down easy to understand
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  24. viet✓@0xvietnguyen
    they invested in 50 crypto projects in 3 years, but 12/50 of them dead or shut down easy to understand
    Download
    32822123.6K
  25. defizard✓@belizardd
    defizard
    RT @heyjxck_: > be kimchi > be young > bundle coins > rug a few times > post some pictures > farm ‘rich guy’ aura > ct thinks u made $40m > get promoted by few larps > never confirm anything > keep posting pictures > link up with pumpfun > secure brand deals > become a vlogger
    cnig69 @cnig69
    let me get this right, this @kimchi1x guy gained clout because 95% of crypto twitter is retards that thinks he made 40mil on trump when in reality, the wallet they all thought was his, is actually the wallet of someone in my fnf. when in reality, this kimchi guy bundled coins and launched 24/7 during the memecoin cycle and rugged you guys and you guys are calling him the goat and somehow he larped his way into the jews (alon) giving him a pumpfun deal because he posted pics/videos of his 80lb frame of a body wearing chrome and flexing in cars and private jets. Just making sure if i'm understanding it right.
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  26. cnig69✓@cnig69
    let me get this right, this @kimchi1x guy gained clout because 95% of crypto twitter is retards that thinks he made 40mil on trump when in reality, the wallet they all thought was his, is actually the wallet of someone in my fnf. when in reality, this kimchi guy bundled coins and launched 24/7 during the memecoin cycle and rugged you guys and you guys are calling him the goat and somehow he larped his way into the jews (alon) giving him a pumpfun deal because he posted pics/videos of his 80lb frame of a body wearing chrome and flexing in cars and private jets. Just making sure if i'm understanding it right.
    49249711.2K787K
  28. defizard✓@belizardd
    defizard
    RT @heyjxck_: i have to admit that this is much harder in practice it's easy to believe there are infinite opportunities when things are going well but when you lose something/someone, your mind automatically makes you feel that it never comes back you'd end up going crazy if you can't convince yourself that good things are eternally possible.
    jxck. @heyjxck_
    for your own sake, you genuinely have to believe in the theory of infinite abundance for every lost love, missed opportunity, blown chance & failed test, there’s always a future substitute of equal or greater value this is the only rational way to trick yourself into getting the most out of life
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  29. jxck.✓@heyjxck_
    for your own sake, you genuinely have to believe in the theory of infinite abundance for every lost love, missed opportunity, blown chance & failed test, there’s always a future substitute of equal or greater value this is the only rational way to trick yourself into getting the most out of life
    731.3K9.7K133K
  30. defizard✓@belizardd
    defizard
    RT @JasonYanowitz: We just sent the SEC our comment letter on Regulation Crypto Assets. Our goal is to give every token one current, public record to make onchain compliance cheaper and faster. Our asks: 1) Let projects file disclosures through Qualified Onchain Disclosure Agents 2) Let third parties file on behalf of projects It's time we protect investors so we can protect this industry.
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