schizoxbt

Day 3 of Schizo's DeFi Musings

Little bit less of a write up today because I took some time out to go to the zoo with the family but we're keeping it consistent!

Only change I've really made so far is buying a bit more $ALD and then turning some stables into $reUSD and suppying that on @ResupplyFi.

Might as well use some spare cash and earn some $RSUP while I'm at it.

Other than that, I'm really looking forward to the @asymmetryfin launch of their stable/stability pools to see if I can use that to get some passive $wBTC earning.

But right now, just chilling and being patient while letting my assets do the work for me.

Also still have a lot of $BGT that I'm using to accumulate more stables as well. Not sure if I'll use those stables for anything specific or if I'll just DCA that into more BTC.

I'll figure that out at some point lol

Well, appreciate anyone who's reading this while X is broken and I'll see you tomorrow for another edition!

This is why I'm denominated in BTC and have that as my largest position.

I'd much rather borrow off a BTC bag and use that borrowed cash to buy DeFi alts as opposed to not owning BTC to just own alts.

People really gotta use their heads

Have had a sort of crisis of faith in crypto the past few months and had started to feel disenfranchised with the state of it all.

But I've realized why that is and I've started to go back to my DeFi roots.

Somewhat in honor of @rektdiomedes's daily brypto, I wanna do something similar to keep myself honest and to keep myself posting. (maybe this will turn into a free tg channel/newsletter at some point)

So I'm going to document what I'm researching/what I'm using each day, even if its the same shit every day.

Got a goal in mind and I'm gonna work to get there.

So here's where I'm at today:

Have bought and staked a ton of $LQTY. This is my way of curbing my ETH bearishness and choosing to buy something that I think is a new DeFi lego. Plus got bullpilled by @AgentChud and I always respect his takes/views.

Next I bought a bunch of $CVX and locked that for the incooom. Want to really establish a basis of income producing assets and its a way to express bullishness on the stablecoin thesis imo. Going to use bribes from that to accumulate cvxCRV for more incoom. Once that is done, bribes will be used for more BTC.

Then got a bag of $ALD. They have a good size treasury of assets/projects they've incubated and I'm assuming with an imminent fee switch turn on/staking, that these assets will yield decent income for the future. Also this shit is like 7m mkt cap and fully diluted??? Wtf why aren't more people buying this lmao

Oh yeah and I have a big bag of BTC as my base asset and borrowed some cash off it to grab these assets so I'm still exposed to the King.

Long winded but this is DAY 1 of Schizo's Musings so y'all hoes gotta keep me accountable for the days going forward, cool? Cool.

This is why you always hold BTC

Mindshare begins with network.
True networks are decentralized.

The first creator network is back on @cookiedotfun, rewarding what matters: trust, impact, and intent.

Decentralized InfoFi is here & I'm in.
Are you?

https://cookie.fun/accounts/66ffa601d2c43d1765206080

With how dead the timeline feels (and how bearish) its glaringly obvious how many people don't own an adequate amount of BTC