# ![@0xZergs Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::124375850.png) @0xZergs David | www.usd.ai

David | www.usd.ai posts on X about money, debt, defi, ai the most. They currently have [---------] followers and [----] posts still getting attention that total [------] engagements in the last [--] hours.

### Engagements: [------] [#](/creator/twitter::124375850/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::124375850/c:line/m:interactions.svg)

- [--] Week [------] -8.40%
- [--] Month [-------] +215%
- [--] Months [---------] +215%
- [--] Year [---------] +58%

### Mentions: [--] [#](/creator/twitter::124375850/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::124375850/c:line/m:posts_active.svg)

- [--] Month [--] -31%
- [--] Months [---] +25%
- [--] Year [---] +6%

### Followers: [---------] [#](/creator/twitter::124375850/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::124375850/c:line/m:followers.svg)

- [--] Week [------] +0.25%
- [--] Month [------] +1.90%
- [--] Months [------] +26%
- [--] Year [------] +39%

### CreatorRank: [-------] [#](/creator/twitter::124375850/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::124375850/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  [cryptocurrencies](/list/cryptocurrencies)  [stocks](/list/stocks)  [technology brands](/list/technology-brands)  [nfts](/list/nfts)  [countries](/list/countries)  [exchanges](/list/exchanges)  [social networks](/list/social-networks)  [currencies](/list/currencies)  [travel destinations](/list/travel-destinations) 

**Social topic influence**
[money](/topic/money), [debt](/topic/debt), [defi](/topic/defi) #274, [ai](/topic/ai), [finance](/topic/finance) #2668, [nfts](/topic/nfts), [nft](/topic/nft), [onchain](/topic/onchain), [crypto](/topic/crypto) #3896, [token](/topic/token)

**Top accounts mentioned or mentioned by**
[@metastreetxyz](/creator/undefined) [@usdaiofficial](/creator/undefined) [@pudgypenguins](/creator/undefined) [@ethenalabs](/creator/undefined) [@arbitrum](/creator/undefined) [@cryptopunksnfts](/creator/undefined) [@silofinance](/creator/undefined) [@plasmafdn](/creator/undefined) [@eulermab](/creator/undefined) [@cbb0fe](/creator/undefined) [@pendlefi](/creator/undefined) [@goodalexander](/creator/undefined) [@kaiynne](/creator/undefined) [@aethircloud](/creator/undefined) [@lidofinance](/creator/undefined) [@curvefinance](/creator/undefined) [@blastl2](/creator/undefined) [@realjonahblake](/creator/undefined) [@0xngmi](/creator/undefined) [@dylangbane](/creator/undefined)

**Top assets mentioned**
[Pudgy Penguins (pudgypenguins)](/topic/pudgypenguins) [Bitcoin (BTC)](/topic/bitcoin) [Ethereum (ETH)](/topic/ethereum) [CryptoPunks (cryptopunks)](/topic/cryptopunks) [Goldfinch (GFI)](/topic/goldfinch) [Coinbase Global Inc. (COIN)](/topic/coinbase) [Ethena (ENA)](/topic/$ena) [Solana (SOL)](/topic/solana) [USDC (USDC)](/topic/usdc)
### Top Social Posts
Top posts by engagements in the last [--] hours

"tempo is extreme validation of the @PlasmaFDN thesis"  
[X Link](https://x.com/0xZergs/status/1963766225059635225)  2025-09-05T00:48Z 14.4K followers, 10.1K engagements


"1/ The End-er's Game of Crypto: Simulation Finance (#SiFi like "SciFi"). SiFi is a true synthesis of the Metaverse & DeFi not just a web2 "gamification layer." The real invention is it weaponizes cognitive dissonance into a productive feature that bring new labor"  
[X Link](https://x.com/anyuser/status/1488399224911839238)  2022-02-01T06:30Z 14.4K followers, [---] engagements


"@joel_john95 A decentralized network is more a rhizome (ginger root/coliseum) than it is a hierarchy (tree/single entrance building)"  
[X Link](https://x.com/0xZergs/status/1523963408466513920)  2022-05-10T09:49Z 10.3K followers, [--] engagements


"maybe ai isnt a meme maybe VR isnt a meme maybe cryptoeconomy isnt a meme maybe a metaverse isnt a meme maybe a metaverse capital markets will form  created with stable diffusion v2.1-768 from @StabilityAI https://t.co/p7YTtpoYVg  created with stable diffusion v2.1-768 from @StabilityAI https://t.co/p7YTtpoYVg"  
[X Link](https://x.com/0xZergs/status/1614379615996510208)  2023-01-14T21:51Z 11.5K followers, [---] engagements


""Metaverse Capital Markets" (a superstructure) is a better expression than NFT Finance (a convenient convergence of two past trends) @lex_node I think that I speak for all people building in NFTFi that this has always been the anticipation - PFPs were just the trigger - the base NFTFi infra here can be easily expanded to different NFT use cases @lex_node I think that I speak for all people building in NFTFi that this has always been the anticipation - PFPs were just the trigger - the base NFTFi infra here can be easily expanded to different NFT use cases"  
[X Link](https://x.com/0xZergs/status/1615024027575418883)  2023-01-16T16:31Z 11.7K followers, [---] engagements


"ate halfway thru my chipotle bowl to realize they forgot the chicken down bad"  
[X Link](https://x.com/0xZergs/status/1648724299589591042)  2023-04-19T16:24Z 11.1K followers, [---] engagements


"a lot of our deposit flows were inspired by @Uniswap's v3 pool interface compressing complex decisions into salient steps 1) select asset 2) match risk tier (hardest so autoselected) 3) risk/reward 4) deposit complicated at first but feels very flexible after a few mins"  
[X Link](https://x.com/0xZergs/status/1659285224633561115)  2023-05-18T19:50Z [----] followers, [--] engagements


"@Uniswap creating UX for new defi primitives is very hard. glad we spent a decent amount of time exploring web3 (and web2) interfaces to make our backend proud follow @metastreetxyz to see how depositors are behaving with the new economic model + ux in our Yield Royale competition 🔫🔫"  
[X Link](https://x.com/0xZergs/status/1659285667346542599)  2023-05-18T19:51Z 10.2K followers, [---] engagements


"UX that is based on market forces naturally shape & organize the navigation in a data driven but permissionless way Organic hierarchical structure (from email to uniswap protocols) makes decentralized telemetry sybil protected/spam filtered"  
[X Link](https://x.com/0xZergs/status/1660741920497324049)  2023-05-22T20:18Z [----] followers, [--] engagements


"NFTs (characters) based on financlization (actions) is an autonomous world / gaming product effectively creating a "labor" based market Add in governance. and you have something really interesting Think abt it: just "holding/sweep" is sooo boring"  
[X Link](https://x.com/0xZergs/status/1661538853918834689)  2023-05-25T01:05Z [----] followers, [----] engagements


"@OneTrueKirk @VoltProtocol @reflexerfinance We had the exact same conclusions and replaced our p-controller (no ID) cuz it risks getting 1) stuck in low event periods and 2) its uncompetitive as you say with market rates"  
[X Link](https://x.com/0xZergs/status/1662562127075221504)  2023-05-27T20:51Z [----] followers, [--] engagements


"@OneTrueKirk @VoltProtocol @reflexerfinance Like imagine if uniswap decided to do a pid on their fees instead of their [--] options based on volume. just wouldnt be the same 🤷♂"  
[X Link](https://x.com/0xZergs/status/1662563119502073858)  2023-05-27T20:55Z [----] followers, [--] engagements


"@sobylife oh yes this is def gg tech"  
[X Link](https://x.com/KtkZergs/status/1663320571797463042)  2023-05-29T23:05Z [----] followers, [--] engagements


"@sobylife hmm seems like the primary diff between these [--] upcoming categories vs something like software startups r that they all required/s very (+very) long term horizons maybe vc time horizons r not enough vs megacorp deeptech capital for deflation umbrellacorp szn"  
[X Link](https://x.com/0xZergs/status/1663322042005848065)  2023-05-29T23:10Z [----] followers, [--] engagements


"The ecosystem derivatives and the many other NFTs that surround a specific community matter as much as its anchor NFT - be it BAYC Kongz etc FULL coverage is needed not just the core assets. 🏧🔜"  
[X Link](https://x.com/0xZergs/status/1671917790507180032)  2023-06-22T16:28Z [----] followers, [---] engagements


"@feola000 @metastreetxyz @CyberKongz no card ser just liquidity"  
[X Link](https://x.com/0xZergs/status/1672014678480900097)  2023-06-22T22:53Z [----] followers, [--] engagements


"7/ But what if we slice or tranche the risk Let's say a low risk lends up to [--] ETH at a lower risk and therefore a lower interest rate say 8%. Another lender takes on the riskier part from [--] to [---] ETH at 81%. What do you get Cheaper debt. https://v2.metastreet.xyz/poolscollection=0x8a90cab2b38dba80c64b7734e58ee1db38b8992e https://v2.metastreet.xyz/poolscollection=0x8a90cab2b38dba80c64b7734e58ee1db38b8992e"  
[X Link](https://x.com/0xZergs/status/1673431403176886274)  2023-06-26T20:41Z 10.3K followers, [--] engagements


"8/ The combined offer could be the sum of the two at just a 21% interest rate. Thats over 50% less interest than the original offer and all thats changed is how the risk was divided & without incentives. On MetaStreet you can auto-create tranches as you want (+/-10%)"  
[X Link](https://x.com/KtkZergs/status/1673431405500547072)  2023-06-26T20:43Z [----] followers, [--] engagements


"Someone just got wiped out on a bunch of bad @Azuki beans loans post-snapshot. This botter learned how to use inefficient market structures to win the NFT trading today. Let's use @0xSnowGenesis data to dig in. 🧵🧵🧵"  
[X Link](https://x.com/0xZergs/status/1673727098421231624)  2023-06-27T16:16Z [----] followers, [----] engagements


"2.2/ RIGHT NOW. In this HOUR the lender just got cleaned out by 53EAA by the same block @NFTfi On @blur_io it was negative. What does this mean It means that the market is maturing people leave "stale bids" because its not priced in yet. Use this info to play/win"  
[X Link](https://x.com/0xZergs/status/1673727107669606401)  2023-06-27T16:16Z [----] followers, [--] engagements


"3/ Volatility. Or "spread" Aside from "speed" of Loan-to-Floor ratio you can learn from how wide the spread is. With the recent vol people are slowly increasing the "spread" against BAYC same with azukis. @cryptoPunks Stable. @milady Schizo Koda Prev unstable. Now OK"  
[X Link](https://x.com/0xZergs/status/1673727110052032512)  2023-06-27T16:16Z 10.2K followers, [---] engagements


"@Azuki you can get a lot more by depositing [--] stack higher than me (+10% so 55% LTV) if youre willing to take the risk https://v2.metastreet.xyz/poolscollection=0x3af2a97414d1101e2107a70e7f33955da1346305 https://v2.metastreet.xyz/poolscollection=0x3af2a97414d1101e2107a70e7f33955da1346305"  
[X Link](https://x.com/0xZergs/status/1673773730168750085)  2023-06-27T19:22Z 10.2K followers, [---] engagements


"1/ Why have @BoredApeYC NFTs been falling for the last year Why did @azuki @9gag crash after their new mints despite year-long pumps "Bad" art "Toxic" community BLUR farming No none of that. It's a digital echo of financial value dynamics called "dividend drop-off""  
[X Link](https://x.com/0xZergs/status/1675698808385155072)  2023-07-03T02:51Z [----] followers, [--] engagements


"2/ Let's focus on BAYC for now w/ it's rough floor price history Similar to what happens in traditional markets when a stock goes ex-dividend its price drops by about the same amount. Also cuz div payout reduces the company's retained earnings impacting equity value"  
[X Link](https://x.com/0xZergs/status/1675698810541023232)  2023-07-03T02:51Z [----] followers, [--] engagements


"@themanbearpigV2 What if its all from the same tree"  
[X Link](https://x.com/0xZergs/status/1677476598776225792)  2023-07-09T15:40Z [----] followers, [---] engagements


"ask yourself when you invest in a seed round: grit or grift would the founder work on this project after funding goes to [--] / working a side job to keep it going or appears to be very comfortable losing OPM jump on next trends shutting down fast"  
[X Link](https://x.com/KtkZergs/status/1689436995016093696)  2023-08-10T00:42Z [----] followers, [---] engagements


"Everyone calls it onchain summer but u know summer is almost over right"  
[X Link](https://x.com/0xZergs/status/1690733894688022528)  2023-08-13T14:35Z 10.2K followers, [---] engagements


"metastreet scales debt by stacking innovations v0: did loans on protocols to best see P2P limits v1: turn fixed loans into continuous a perpetual v2: make the deposits correspond to risk a tranche v2.5: make the debt tradable a bond punk-msteth: perpetual bond of a tranche"  
[X Link](https://x.com/0xZergs/status/1692936610264887411)  2023-08-19T16:28Z [----] followers, [----] engagements


"A friend asked: why dont you use ATM for liquid assets yet Bc tranching isn't really worth it for liquid assets yet. Why This method is really only helpful to discover VALUE from things that have UNRELIABLE market prices but you KNOW are still valuable. Think: equipment a business a house. You know these are valuable. but how do you get value from it Eg you can do a model of how much cash it generates over time (DCF). From there you can comfortably provide liquidity against it. NFTs deal with a similar issue - some trade more. some trade more. but think about autoglyphs and rarer assets."  
[X Link](https://x.com/0xZergs/status/1692941085687926827)  2023-08-19T16:46Z 10.2K followers, [----] engagements


"U can still make money in nfts"  
[X Link](https://x.com/0xZergs/status/1693715777197588902)  2023-08-21T20:04Z [----] followers, [---] engagements


"@metastreetxyz is not really "NFT lending" tradfi is BUILT around untangling $$$ from massive swaths of illiquid objects and we automate that stack liquid staking is the first stroke by architects now capable of compelling entire capital markets into existence from thin air"  
[X Link](https://x.com/0xZergs/status/1694191265372307646)  2023-08-23T03:34Z [----] followers, [---] engagements


"In crypto one must admire how seemingly two disparate ideas can cross pollinate to make something new almost alienlike I rmber @AxieInfinity @Jihoz_Axie were in pre2020 defi forums/proposals culminating to the invention of P2E Adopt new tech as fast as possible"  
[X Link](https://x.com/0xZergs/status/1695190093470790119)  2023-08-25T21:43Z [----] followers, [----] engagements


"gbtc to etf is very bearish but btc etf is very bullish be aware of market structures"  
[X Link](https://x.com/0xZergs/status/1695971384235561416)  2023-08-28T01:27Z [----] followers, [---] engagements


"I saw a creepy dude touch a girl at the Hayes party but she stood up for herself (pushed/said to F off) Maybe its the internationalism of the industry but agree theres some weird fucks"  
[X Link](https://x.com/KtkZergs/status/1702948136636109164)  2023-09-16T07:30Z [----] followers, [---] engagements


"the more illiquid an asset is the more fees you can charge in tradfi money markets are complete shit for yield cuz super liquid. optionality of just dumping is too high "yield" is barely explored in defi its just filled with a trader's mindset. try it from a bankers angle"  
[X Link](https://x.com/0xZergs/status/1703708250959466846)  2023-09-18T09:51Z [----] followers, [---] engagements


"the art market was already going thru a downturn in [----] but covid/freemoney revamped it now its back to bear with wayyy more overhang"  
[X Link](https://x.com/0xZergs/status/1703708818289381523)  2023-09-18T09:53Z [----] followers, [---] engagements


"@TravisBickle0x the majority of the entire financial markets"  
[X Link](https://x.com/0xZergs/status/1703709649273332044)  2023-09-18T09:56Z [----] followers, [--] engagements


"Tim Cook should just make it all fully wireless. No physical charging port at all like no audio input"  
[X Link](https://x.com/0xZergs/status/1704095323059089917)  2023-09-19T11:29Z [----] followers, [---] engagements


"the only usecase to have a luxwatch is to quickly qualify yourself amid shallow company and culture saw so many pre liquidity start up founders wearing nice watches in korea/sg (some that I invested in) imo omega bearish sign"  
[X Link](https://x.com/0xZergs/status/1705877876254572814)  2023-09-24T09:32Z [----] followers, [--] engagements


"Theres a Damien Hirst The Currency in my Japanese hotel room in some random prefecture"  
[X Link](https://x.com/anyuser/status/1708396858438226262)  2023-10-01T08:22Z 14.4K followers, 11.4K engagements


"@0xTindorr @BinanceResearch check out oracle-less lending + oracle-less derivative + oracleless NFT = punk-mstETH it yields 3-5x what stETH offers by taking stETH as your deposit"  
[X Link](https://x.com/0xZergs/status/1709115101322850618)  2023-10-03T07:56Z [----] followers, [--] engagements


"i visited my extended family in korea and even they asked me when i thought the BTC ETF would get approved ya definitely not priced in"  
[X Link](https://x.com/KtkZergs/status/1709118976343900441)  2023-10-03T08:11Z [----] followers, [---] engagements


"@charliecfeng @nounsdao how about changing the mint rate instead like a halvenings (bitcoin) or a pid-like rate (eth)"  
[X Link](https://x.com/0xZergs/status/1711597762230288869)  2023-10-10T04:21Z [----] followers, [---] engagements


"What if @nounsdao had dynamic mint rates Either fixed like bitcoin (noun halvenings) or based on an activity variable like eth (attention viewship governance impact)"  
[X Link](https://x.com/0xZergs/status/1711598210345562407)  2023-10-10T04:23Z [----] followers, [---] engagements


"would you rather 1) lend at a lower LTV on a cryptopunk (historically stable price) or 2) 10-20x loop your wstETH/wETH yield with oracle risk it's not "illiquid NFTs" its highest native ETH yield opportunity in the space today"  
[X Link](https://x.com/0xZergs/status/1712065910842728713)  2023-10-11T11:21Z [----] followers, [---] engagements


"with the rise of yield bearing assets existing AMMs models dont really service this area that well especially as yields go higher (10%) with a 10% yield you give up -5%. The swap fees have to net 5% but not everything trades. lots of HY bonds irl have super wide spreads"  
[X Link](https://x.com/KtkZergs/status/1712135891035046352)  2023-10-11T15:59Z [----] followers, [---] engagements


"much like curve was specifically made for stablecoins vs the uni v2/3 model which favors others that need stronger price discovery (eg concentrated liquidity) high yield bearing (risk-on) tokens is hard to really pin down a specific spot and current amms are meh"  
[X Link](https://x.com/0xZergs/status/1712136761470513274)  2023-10-11T16:03Z [----] followers, [--] engagements


"right now wstETH yields are low enough that swap fees cover it but once you get to double digits the economics are getting weird an amm isnt ideal but its still better to do this since you get all the composability with oracle-based LSDfi products"  
[X Link](https://x.com/0xZergs/status/1712137113993351678)  2023-10-11T16:04Z [----] followers, [--] engagements


"@Cbb0fe @BlendbyBlur the real product in nftfi isnt tvl volume. its the massive amount of yield possible w illiquid assets doing 0% inorganically suppresses an entire potentially new industry 3.3% lsdfi yields cant compete with a 25% etc yield nftfi industry avg"  
[X Link](https://x.com/KtkZergs/status/1713286142659891346)  2023-10-14T20:10Z [----] followers, [--] engagements


"How many people /actually/ understand why [----] happened GBTC-3ac-blockfi-FTX-alltheotherfirmsthatgotfuckedbutyoustildontknowabt Outside of institutional most folks still dont understand what happened when the premium became a discount It started cuz no ETF no joke"  
[X Link](https://x.com/0xZergs/status/1713328352549880248)  2023-10-14T22:58Z [----] followers, [---] engagements


"my conclusions looking thru defillama eth yields all defi eth yield is shit because its riskoff and fully saturated all liquidatable staking validators perps rates yawwn risk-on yield is completely unsaturated so your r/r is uncompetitive hint. think 80s NYC"  
[X Link](https://x.com/0xZergs/status/1714343721167106277)  2023-10-17T18:12Z [----] followers, [---] engagements


"@metastreetxyz DOUBLED the 1yr loan supply for @cryptopunksnfts @LidoFinance wstETH depositors are getting a total of +8.4% to +10.4% yield on their ETH right now what now bearish 🔄trade out (uni) 🔽short/borrow punk-mstETH bullish lend out punk-mstETH foryield"  
[X Link](https://x.com/KtkZergs/status/1714352433910972570)  2023-10-17T18:47Z [----] followers, [----] engagements


"@Shenanigrahams @metastreetxyz @cryptopunksnfts @LidoFinance [--]. secondary liquidity shrinks [--]. permanent dump on eth price on punks (doesnt matter before maturity) if you get cold feet tho you can always trade out like pre-merge stETH"  
[X Link](https://x.com/KtkZergs/status/1714353726394163235)  2023-10-17T18:52Z [----] followers, [---] engagements


"@metastreetxyz @cryptopunksnfts @LidoFinance but where do you short long tail tokens @ajnafi"  
[X Link](https://x.com/KtkZergs/status/1714358739010998699)  2023-10-17T19:12Z [----] followers, [---] engagements


"@metastreetxyz @cryptopunksnfts @LidoFinance 13.4%** since 10% + staking yield"  
[X Link](https://x.com/KtkZergs/status/1714367951623659575)  2023-10-17T19:49Z [----] followers, [--] engagements


"800k GBTC holders = 800k BTC spot sellers"  
[X Link](https://x.com/KtkZergs/status/1716472064511533067)  2023-10-23T15:10Z [----] followers, [---] engagements


"scraping from capital flows scale industries china $$ outflow huobi/okex p2p korea no savings rate upbit turkish lira inflation binance idle defi eth to staked eth LSD idle cash to tbills rwa wrapper lsts moving to X lsdfi eigen @metastreetxyz 👀on our next product👀"  
[X Link](https://x.com/0xZergs/status/1717596929515765904)  2023-10-26T17:39Z [----] followers, [---] engagements


"@flooringproto vs its fragmenting predecessors is pretty much the "friendtech" to "bitclout" comparison with just a few seemingly slight but actually MAJOR changes @FLC_FlooringLab's design choices are extremely empathetic to user's demands"  
[X Link](https://x.com/0xZergs/status/1718337655195181389)  2023-10-28T18:43Z [----] followers, [----] engagements


"1.2 Decide now: is the FLC cost is worth paying that difference() do you care about your NFT the fact that this step exists kind of unlocks an entire TAM of folks who were previously removed from the discussion. This step is pretty personal a bit of a red pill vs blue pill"  
[X Link](https://x.com/KtkZergs/status/1718337658886267007)  2023-10-28T18:43Z [----] followers, [--] engagements


"1.3 the faults of past predecessors is that it was really catered to the most ruthless of traders-those who really didnt care about the NFT they traded it's all just a floor to them. This is true for Blur NFTX etc. Anyone who has had an NFT can feel this its part of you"  
[X Link](https://x.com/0xZergs/status/1718337660614230275)  2023-10-28T18:43Z [----] followers, [--] engagements


"1. Question: "Why is DeFi dead" Explanation: Liquid Staking is likely the reason why there's been a large defi extinction event through "indirect monetary tightening." It created a "risk free rate" or rather it "raised rates" of holding ETH rates from 0% - 3-4%"  
[X Link](https://x.com/anyuser/status/1718409638406758441)  2023-10-28T23:29Z 14.4K followers, 153.5K engagements


"2. Staking yields are effectively the RFR of crypto so why deposit in aave or elsewhere when you get totally reliabl sources of yield thats higher you really think the validators are gonna slash or something"  
[X Link](https://x.com/KtkZergs/status/1718409640466145307)  2023-10-28T23:29Z [----] followers, [----] engagements


"5. In times of rising rates things get "broken": equities are down youre going as fast as everyone since everyone's in tbills. But generally you look at "high yield" products that beat tbills. That's what we've been looking at a lot recently. How do to beat "stETH"s rate""  
[X Link](https://x.com/KtkZergs/status/1718409645222400169)  2023-10-28T23:29Z [----] followers, [----] engagements


"6. But its not competitive to LSTs- its super complementary since you actually give MORE demand for the LSTs as long as you use them. Looping stETH vs wETH makes NO SENSE at all to me. Loop 20x for 50bps of extra yield is nonsense"  
[X Link](https://x.com/0xZergs/status/1718409646724039070)  2023-10-28T23:29Z 11.2K followers, [----] engagements


"7. @metastreetxyz is focused on creating "high yield" ETH opportunities. It transforms other sources of yield (starting with 11-17% ETH yields) into the shape of of a yield-bearing perpetual asset like wsteth fitting into DeFi's entire infra these yields are ON TOP of 3.3%"  
[X Link](https://x.com/0xZergs/status/1718409648204656951)  2023-10-28T23:29Z 11.2K followers, [----] engagements


"@____ProfessorX @chainyoda tho if everyone is getting tbill yields youre not getting ahead of anyone"  
[X Link](https://x.com/KtkZergs/status/1718513797286011022)  2023-10-29T06:23Z [----] followers, [--] engagements


"@nauhcner Im talking about eth on eth yield not usd on usd"  
[X Link](https://x.com/0xZergs/status/1718605597053014489)  2023-10-29T12:27Z [----] followers, [---] engagements


"@mattimost cuz generally money markets are very low risk so their yields are usually low mortgages equipment auto (illiquid hard assets) corporate lending (operating business) carry their own format of illiquidity which lets finance charge u more tranching fixed income etc help"  
[X Link](https://x.com/KtkZergs/status/1718638983444308331)  2023-10-29T14:40Z [----] followers, [--] engagements


"@mattimost and the only comps we have of that are nfts and gaming (illiquid hard assets) and market making (operating busienss) as the modern comparables that are denominated in eth and by virtue they also command far higher than the rfr the yield just needs the right shape"  
[X Link](https://x.com/KtkZergs/status/1718639432306213147)  2023-10-29T14:42Z [----] followers, [--] engagements


"@pridesai just need them to borrow from the trad debt capital markets and sweep the floor and become a true punk microstrategy"  
[X Link](https://x.com/0xZergs/status/1718645579348140185)  2023-10-29T15:06Z 10.2K followers, [---] engagements


"@mattimost Weth on lending markets is similar to lsts cuz of looping iirc/gap closing"  
[X Link](https://x.com/KtkZergs/status/1718655625377243430)  2023-10-29T15:46Z [----] followers, [--] engagements


"@The3D_ and how much borrow is being used for lsts effectively zero"  
[X Link](https://x.com/KtkZergs/status/1718659297695973817)  2023-10-29T16:01Z [----] followers, [---] engagements


"1bn supplied but not borrowed weth makes sense to borrow up to the ceiling to close the spread between [--] and staking yield via repo/looping but there isnt a single usecase in all of defi worth borrowing LSTs for because everything is just a money market of a money market (real yield) and no real scalable structured credit yet mostly cuz its only money-to-money lenders not money-to-business or money-to-hard-asset once you do maybe you see the borrow rate spike up"  
[X Link](https://x.com/KtkZergs/status/1718717631530676445)  2023-10-29T19:53Z [----] followers, [--] engagements


"@lemiscate @The3D_ well theres $15m worth to put in at least w leverage which arguably is bigger than our entire TVL 😛 but we aint an aave (yet)"  
[X Link](https://x.com/KtkZergs/status/1718718184503599320)  2023-10-29T19:55Z [----] followers, [--] engagements


"@ivangbi_ @lemiscate @The3D_ its also why diversifying the source of yield (especially ones that beat 3% eth-on-eth yield) can help create new positive carry trades structured lending for illiquid assets unknown yield of restaking could make wsteth @ 0% borrow look like the a v cheap source of capital"  
[X Link](https://x.com/KtkZergs/status/1718727772757954637)  2023-10-29T20:33Z [----] followers, [--] engagements


"but also be its doom too if the risks arent properly displayed like [----] being the grayscale premium trade where blockfi took the "cheapest form of capital" or customer deposits to give loans to mms who expected the trade to be free money and there was no way to derisk either since you couldnt trade out of the debt or let the debt be traded at a discount creating a huge hole that ate 3ac to ftx"  
[X Link](https://x.com/KtkZergs/status/1718728214317568499)  2023-10-29T20:35Z [----] followers, [--] engagements


"@Brentsketit a bit of forking isnt so bad as long as it builds upon a newer idea but adding a level of creativity tends to command a major premium in the success of projects (tho ofc many fall flat) eg uniswap friendtech etc the riskier but higher payout trade"  
[X Link](https://x.com/KtkZergs/status/1718754347809472868)  2023-10-29T22:19Z [----] followers, [---] engagements


"@CryptoGideon_ Nftfi x lsdfi @metastreetxyz"  
[X Link](https://x.com/KtkZergs/status/1719562093853094207)  2023-11-01T03:48Z [----] followers, [--] engagements


"*added to telegram group "hey lsdfi meet nft lending. you both have context will let you guys chat it out""  
[X Link](https://x.com/0xZergs/status/1719873786483282408)  2023-11-02T00:27Z [----] followers, [--] engagements


"vision pro - 200ETH floor"  
[X Link](https://x.com/KtkZergs/status/1721976015520399473)  2023-11-07T19:40Z [----] followers, [---] engagements


"punk-mstETH is a tradable perpetual high-yield token which demands a custom bonding curve via @CurveFinance With @nagakingg's help we solve for the following traits: 📈 similar to wstETH or [----] (price go up) 📉 BUT depreciates on loan defaults 🪫 lower volume (theta mgmt)"  
[X Link](https://x.com/KtkZergs/status/1721991245118202360)  2023-11-07T20:41Z [----] followers, [---] engagements


"3/ The tranches work together and stack on top. The "top tranche" is the riskiest IF the loan defaults then you paid IN ORDER of your risk/return (aka waterfall) As a result. Only the top tranche should have the "most volatility" The top tranche requires the AMM the most"  
[X Link](https://x.com/KtkZergs/status/1721991260960153970)  2023-11-07T20:41Z [----] followers, [--] engagements


"4. As a result the "red" drawn here is a rather "expected" event as opposed to stablecoins where depeging is "rare." AND because the loans maturties are async it should either be increasing slightly daily or trading at par (similar to FTX claims being 50c on the dollar)"  
[X Link](https://x.com/KtkZergs/status/1721991269550068111)  2023-11-07T20:41Z [----] followers, [---] engagements


"5. But these tokens wont be as liquid as wstETH or cbETH as day [--]. Curve has a v2 LSD preset based on @CurveFinance's simulated modeling of cbETH/ETH. but this punk-mstETH wont be traded often ("theta mgmt"). Curve v1 pool helps w that via external oracle which we created:"  
[X Link](https://x.com/KtkZergs/status/1721991276915306704)  2023-11-07T20:41Z [----] followers, [--] engagements


"6. Thank you @omgcorn for connecting us to the Curve research team @nagakingg on trying to digest the materials around Curve's custom deployments. See how it behaves here (It's a lot easier than it looks) v1: v2:"  
[X Link](https://x.com/KtkZergs/status/1721991282988601732)  2023-11-07T20:41Z [----] followers, [--] engagements


"7. After some fine-tuning these are the current custom params of the deployment + our newly wrapped external oracle _name: mstETH-WPUNKS-30/wstETH _symbol: punk30wstE _A: [--] _fee: [-------] _offpeg_fee_multiplier: [-----------] This is the first of many pools to be deployed"  
[X Link](https://x.com/KtkZergs/status/1721991285719126287)  2023-11-07T20:41Z [----] followers, [--] engagements


"@crypto_noodles @GMX_IO @synthetix_io @aevoxyz @vertex_protocol @PrismaFi @ethena_labs @eigenlayer or beating the lsd rate with new sources of high yield @metastreetxyz"  
[X Link](https://x.com/KtkZergs/status/1723352801747648602)  2023-11-11T14:51Z [----] followers, [---] engagements


"@crypto_noodles @GMX_IO @synthetix_io @aevoxyz @vertex_protocol @PrismaFi @ethena_labs @eigenlayer @metastreetxyz outside of staking and perps you could have structured lending to the largest eth denominated asset (nfts) which yield on avg 25% on eth structuring is what abstracts out the laborious process much like what lido did to staking into a single rebasing token"  
[X Link](https://x.com/KtkZergs/status/1723358976589361340)  2023-11-11T15:16Z [----] followers, [--] engagements


"Find steth yields & you win the next cycle"  
[X Link](https://x.com/KtkZergs/status/1727045976597348374)  2023-11-21T19:27Z [----] followers, [---] engagements


"Money markets: liquidatable ETH yield 0-3% @aave Investment-grade credit: staking ETH yield 3-4% @LidoFinance High-yield (speculative) credit: unliquidatable ETH yield 10-25% @metastreetxyz"  
[X Link](https://x.com/KtkZergs/status/1727431153098133952)  2023-11-22T20:57Z [----] followers, [---] engagements


"algo is most definitely a deep state cia chain disclosure im an investor"  
[X Link](https://x.com/KtkZergs/status/1728481698390892572)  2023-11-25T18:32Z [----] followers, [---] engagements


"feeling that anarchist is now too consensus add some long deep-state assets to your bags - blackrock equity - algorand - ukranian bonds - starkware (airdrop farming only) - arkham - biden as winner on polymarket"  
[X Link](https://x.com/KtkZergs/status/1728483481993310549)  2023-11-25T18:39Z [----] followers, [---] engagements


"@GAMERTAGVR imagine super mario sunshine"  
[X Link](https://x.com/KtkZergs/status/1729009355591397778)  2023-11-27T05:28Z [----] followers, [---] engagements


"I just used @MetaStreetxyz to borrow against my Wrapped Cryptopunks for [---] days and will get cash back when I pay it back. Earn easy yield and cash bonuses with today #metastreetfrens"  
[X Link](https://x.com/KtkZergs/status/1729197288919269386)  2023-11-27T17:55Z [----] followers, [---] engagements


"gamefi is not the gamefi you expected - defi turning into pointsfi - autonomous worlds as a better primitive - betting/casinos (traditionally called "gaming") - games with no product w 1bn mc pure hopium but actual games. with just skins as NFTs. thats ultrabearish"  
[X Link](https://x.com/KtkZergs/status/1729210839868067933)  2023-11-27T18:49Z [----] followers, [----] engagements


"its called a risk curve Safe Staking bonds 3.5% APR on your ETH Jpeg Junk bonds 17% APR on your ETH"  
[X Link](https://x.com/0xZergs/status/1730215677397438765)  2023-11-30T13:22Z 10.2K followers, [---] engagements


"ofc dont put all your money in junk bonds also dont put all your money in defacto "riskfree rate bonds""  
[X Link](https://x.com/0xZergs/status/1730216143959277594)  2023-11-30T13:24Z [----] followers, [--] engagements


"we need a Microstrategy for @cryptopunksnfts 🔜🔜🔜"  
[X Link](https://x.com/KtkZergs/status/1730230333356883970)  2023-11-30T14:20Z [----] followers, [----] engagements


"@uriklarman Earn wstETH on wstETH by lending to cryptopunks at @metastreetxyz"  
[X Link](https://x.com/KtkZergs/status/1731027555317150082)  2023-12-02T19:08Z [----] followers, [--] engagements


"pretty much all of the legit projects that were building on terra are now building on @Neutron_org theyre getting a wave of talented builders"  
[X Link](https://x.com/KtkZergs/status/1731769018170712186)  2023-12-04T20:14Z [----] followers, [---] engagements


"@alcueca @SolventNetwork @Instadapp @TimeswapLabs @cruisefi_gm Another method of abstracting away liquidation and having the debt position be traded up/down as a yield bearing token upon asynchronous loan repayments"  
[X Link](https://x.com/KtkZergs/status/1732164276041744867)  2023-12-05T22:25Z [----] followers, [--] engagements


"@metastreetxyz one of the solutions we had was a concept called AccruedInterest which allows depositers to redeem if theres standing liquidity its essentially an "optimistic NAV" calc but of course the secondary markets can price such assets lower than par eg our pools on @CurveFinance"  
[X Link](https://x.com/KtkZergs/status/1732528255708565924)  2023-12-06T22:31Z [----] followers, [--] engagements


"and as our loans are unliquidatable and only based on duration-based defaults we tranched out the risk into an automatic tranche maker of the pools we created this is the architecture of metastreet at a high level - to solve a very specific problem and hopefully create new usecases"  
[X Link](https://x.com/KtkZergs/status/1732528680713310717)  2023-12-06T22:33Z [----] followers, [--] engagements


"@BoredApeYC trades about 1-2k ETH a day And youre gonna put 10% of it in an Aave fork How are you going to liquidate [-----] ETH worth in a single day Good luck 🫡"  
[X Link](https://x.com/KtkZergs/status/1735189104235581893)  2023-12-14T06:44Z [----] followers, [--] engagements


"@CurveFinance Taipei was a great time last week- the eco was welcoming and thriving. Thank you @mrblocktw Our integration with CRV enables a pretty unique usecase namely optimistic NAV It enables ultra-long unliquidatable loans- @BanklessHQ recently covered the protocol"  
[X Link](https://x.com/KtkZergs/status/1736720692391907707)  2023-12-18T12:10Z [----] followers, [----] engagements


"Effectively one of the big issues in nft lending is that the duration is on average [--] days long. .ultra short. Folks have held punks for [--] years And lenders arent happy doing [--] by [--] clunky repayments So we created a vault that smoothes it out via liquid token (LSDfi)"  
[X Link](https://x.com/KtkZergs/status/1736720713711591927)  2023-12-18T12:10Z [----] followers, [---] engagements


"This requires an assumption about the value of the loans (or net asset value). The protocol itself prices the loans optimistically or successful repayment. This price is then fed into @CurveFinance stableswap-ng custom pools We needed a curve w theta mgmt + high wings"  
[X Link](https://x.com/KtkZergs/status/1736720730484519151)  2023-12-18T12:11Z [----] followers, [--] engagements


"So we worked with the team to create a low amp/v1 ext. oracle pool to manage our yield bearing punk-mstETH. The result Arguably the highest native ETH yield in crypto today or 3-5x the staking yield. While the protocol assumes optimistic NAV CRV can price it at a discount"  
[X Link](https://x.com/KtkZergs/status/1736720735668773303)  2023-12-18T12:11Z [----] followers, [--] engagements


"@alcueca @TimeswapLabs non liquidation / non oracle is usually best for natively low mark to market products"  
[X Link](https://x.com/KtkZergs/status/1738242733045919962)  2023-12-22T16:58Z [----] followers, [--] engagements


"the us housing industry had the same problem in 1930s then they invented a secondary markets for the debt. today it is the largest asset class in the world 🔜@metastreetxyz + msteth"  
[X Link](https://x.com/KtkZergs/status/1738451554250989756)  2023-12-23T06:48Z [----] followers, [----] engagements


"- borrowers want long high LTV no liquidation borrows for assets held for [--] years (punks) - lenders dont want to carry risk for a year - answer: allow lenders to enter/exit out of it like wstETH You need: perpetual risk tiers tradable oracleless. aka mstETH tokens"  
[X Link](https://x.com/KtkZergs/status/1738455267510267987)  2023-12-23T07:03Z [----] followers, [---] engagements


"@llamaonthebrink Blockchains are rhizomes"  
[X Link](https://x.com/KtkZergs/status/1738621534099608041)  2023-12-23T18:04Z [----] followers, [---] engagements


"If youre on Lululemon pivot to Vuori"  
[X Link](https://x.com/anyuser/status/1738927176513167837)  2023-12-24T14:18Z [--] followers, [---] engagements


"NFTs are the LARGEST (and only) ETH denominated asset"  
[X Link](https://x.com/KtkZergs/status/1738931189489008927)  2023-12-24T14:34Z [----] followers, [--] engagements


"Yet they have very low penetration and arguably the markets around a single base asset layer has potential to be multiples larger than the under lying https://x.com/ktkzergs/status/1738451554250989756s=46&t=_WsUi1np5oVUM3T08vcXkQ the us housing industry had the same problem in 1930s then they invented a secondary markets for the debt. today it is the largest asset class in the world 🔜@metastreetxyz + msteth https://t.co/dTXG4XEqYB https://x.com/ktkzergs/status/1738451554250989756s=46&t=_WsUi1np5oVUM3T08vcXkQ the us housing industry had the same problem in 1930s then they invented a secondary"  
[X Link](https://x.com/0xZergs/status/1738931620361412790)  2023-12-24T14:36Z 12K followers, [---] engagements


"Weve standardized the risk free lending rates - treasuries - staking Now we need treasuries yields staking yields And for the latter nothing else is denominated in ETH Aave wstETH borrow rates are at 0.01%"  
[X Link](https://x.com/0xZergs/status/1738932168137626104)  2023-12-24T14:38Z 12K followers, [--] engagements


"US real estate is the largest asset in the world And it doesnt have a "market maker" It has a debt capital markets"  
[X Link](https://x.com/0xZergs/status/1739193336278471007)  2023-12-25T07:56Z 10.2K followers, [---] engagements


"in a large corporation you probably understand everything u need to learn in about 1-2 years. after that you should probably move on in a startup you invent things. every month is venturing into the unknown creating something out of nothing the market holds infinite lessons"  
[X Link](https://x.com/0xZergs/status/1739383117331243122)  2023-12-25T20:30Z [----] followers, [---] engagements


"I invested in arb cuz I thot it was the bsc of this cycle Wrong horse Its well known that high gas caused the rotation from Ethereum L1 - BSC and other multi-EVM platforms in early [----] What is less understood is what will happen when there is no fee-driven discontinuity in adoption due to improvements in smart contract platforms the last 3yrs Its well known that high gas caused the rotation from Ethereum L1 - BSC and other multi-EVM platforms in early [----] What is less understood is what will happen when there is no fee-driven discontinuity in adoption due to improvements in smart contract"  
[X Link](https://x.com/KtkZergs/status/1739497187569029420)  2023-12-26T04:03Z [----] followers, [---] engagements


"Youre gonna see some interesting nft collections coming about this bull an nft [---] of sorts And the most interesting ones arent gonna be just a mint / sweeping / 10k pfp metas either Think @nounsdao & other experiments Mint in prod"  
[X Link](https://x.com/KtkZergs/status/1739696090985947535)  2023-12-26T17:14Z [----] followers, [---] engagements


"@W_Y_X @uriklarman @ScrapingBits @eigenlayer I have similar thots but mb we dont know the usecases that come about after the product is usable for fun experiments Tho day [--] def will be lackluster yield"  
[X Link](https://x.com/0xZergs/status/1739698870446445046)  2023-12-26T17:25Z [----] followers, [--] engagements


"PlugTheLeak APE is no longer in the top [---]. BAYCs are down -70% since its staking launch. APE has massive mindshare. yet is down only. It comes down to one failed economic experiment: Ape Staking [----] is about plugging the leak ⛲ & re-focusing 🧘♂ 🧵👇"  
[X Link](https://x.com/anyuser/status/1739905205582614551)  2023-12-27T07:05Z 14.4K followers, 119.3K engagements


"d/ Disclosure: IMO Yugas team is great: - recruiting top talent + product - cash arsenal & backers Yet worse comps are starting to catch a higher bid. Honestly nobody's fault➡just bad narrative positioning I invested in APE own Punks Animoca is an investor in MetaStreet"  
[X Link](https://x.com/0xZergs/status/1739905225169961013)  2023-12-27T07:05Z [----] followers, [----] engagements


"e/ Quick tidbit about me: - honors thesis (art history & finance) abt the development of the first art markets 15th century Antwerp - worked at one of the earliest art lending shops in Upper East Side - investment banking for casinos & real estate (Deutsche Bank)"  
[X Link](https://x.com/0xZergs/status/1739905228974293114)  2023-12-27T07:05Z [----] followers, [----] engagements


"1.5/ Luxury goods are more valuable as the price goes higher. Veblen goods. This is also why LVHM is one of the most valuable companies in the world. This might have been different if PFPs were labor productive/creates cash flows. but they don't. ngl these are kinda heat https://t.co/GRrSq1OAlw ngl these are kinda heat https://t.co/GRrSq1OAlw"  
[X Link](https://x.com/KtkZergs/status/1739905256040087983)  2023-12-27T07:05Z [----] followers, [----] engagements


"1.6/ When Ape Staking fused your BAYC with the APE coin emissions: 📉 introduced value leakage / downward pressure with daily emissions 📉tied BAYC directly to the price performance of APE coin 📉removed the luxury component of your NFT turning it into a utility normal good"  
[X Link](https://x.com/anyuser/status/1739905259978514927)  2023-12-27T07:05Z [--] followers, [----] engagements


"1.7/ In the luxury/art world you have many forces (scarcity/controlled supply irrevocable bids cultural marketing English auctions exclusive events the best branding in the world) that maintains/increases the asset prices. That's how BAYC should be treated. but not APE"  
[X Link](https://x.com/0xZergs/status/1739905265124913254)  2023-12-27T07:05Z [----] followers, [----] engagements


"1.8/ As APE is sucked from the BAYC then the BAYC decreases in value. This of course has the same effect (reflexivity) onto the fused asset negatively affecting the APE coin price. The charts speak for themselves:"  
[X Link](https://x.com/0xZergs/status/1739905268962762878)  2023-12-27T07:05Z [----] followers, [----] engagements


"1.9.1/ A vicious cycle continues: Value of the APE coin down. well BAYC price down too since the expected rewards (2 years out) into the future are discounted into the present Folks just equate the value of ERC721 as purely a proxy to the ERC20 rewards"  
[X Link](https://x.com/anyuser/status/1739905273979138100)  2023-12-27T07:05Z [--] followers, [----] engagements


"1.9.3/ Okay so thats the negative pressure. Now how could you BENEFIT from the separation Clear value proposals: 🎮 GameFi token buyers who are hopeful about the ecosystem 👾 NFT holders who are proud of BAYC These folks put very different premiums on different things"  
[X Link](https://x.com/0xZergs/status/1739905280916533748)  2023-12-27T07:05Z [----] followers, [----] engagements


"2.0/ Focus Premium A lion tamer is able to control the king of the jungle with just a chair and whip. Why Because there are four pegs on the chair. The Lion cant focus on [--] target distracted from a cracking whip. APE staking merged $APE with BAYC NFTs into the same chair"  
[X Link](https://x.com/KtkZergs/status/1739905284657775063)  2023-12-27T07:05Z [----] followers, [----] engagements


"2.1/ Every time APE emission leaves the BAYC hard asset both assets bleed bleed bleed from the whip The market cant figuring out what theyre buying. Is it yield or staking Metaverse A proxy for the NFT I dont like NFTs I like gaming. I dont like gaming I like NFTs"  
[X Link](https://x.com/0xZergs/status/1739905288965423433)  2023-12-27T07:05Z [----] followers, [----] engagements


"2.2/ When you have a token buyer they almost always want to bid the best representation of a narrative/idea/trade. You want AI/crypto buy RNDR. Doesnt matter if the product is pretty much vaporware it just best represents the trade cuz you know others will also bid"  
[X Link](https://x.com/0xZergs/status/1739905292861891004)  2023-12-27T07:05Z [----] followers, [----] engagements


"2.3.2/ The pitch usually goes: that the public/market can index these narratives a bit better. Some call it a focus premium. Heres an example from a JPM report on focus premiums"  
[X Link](https://x.com/0xZergs/status/1739905304224280689)  2023-12-27T07:05Z [----] followers, [---] engagements


"2.4/ My belief is that APE coin is significantly undervalued to the relative peers in the space. I see projects with absolute dogshit mercenary-user communities that are entirely all bought trade at higher/similar market caps than APE due to vision issues .pic unrelated"  
[X Link](https://x.com/0xZergs/status/1739905308196311171)  2023-12-27T07:05Z [----] followers, [----] engagements


"2.4.1/ APE has a real community large cash holdings great talent amazing backers but a muddled narrative. What exactly are you buying with APE Youre indirectly buying a BAYC. but you just want a GameFi L2 exposure. Focus. The sum of the parts is greater than the whole"  
[X Link](https://x.com/anyuser/status/1739905427322900497)  2023-12-27T07:05Z [--] followers, [---] engagements


"2.5/ To summarize heres a fast metaphor. Say you want to buy a good apple but for some reason you have to also buy a pear. But you dont want a fucking pear you just want an apple Well too bad Go to that other sketch store & buy a shittier apple or buy this pear too"  
[X Link](https://x.com/0xZergs/status/1739905623675031959)  2023-12-27T07:06Z [----] followers, [---] engagements


"3.1/ Woah woah woah . burn my tokens I mean yeah timing is everything. [----] is omegabullish. The # of tokens doesnt matter. Its a psyops. If your token bleeds another -80% in the next year cuz you adopted a experimental design you are lying to yourself"  
[X Link](https://x.com/anyuser/status/1739905781020180703)  2023-12-27T07:07Z [--] followers, [----] engagements


"3.1.1/ But. if your token goes up 2x you should be willing to burn 49.5% of the supply cuz net up. Theres a short term goal which is that the APE community becomes the largest market cap in its categories while the market starts hitting the BUY button for narratives"  
[X Link](https://x.com/KtkZergs/status/1739905911626633720)  2023-12-27T07:07Z [----] followers, [---] engagements


"3.5/ If you agree reply with #plugtheleak. - Make BAYC luxury again. - Let the Yuga team cook with the GameFi universe & L2 theyre building"  
[X Link](https://x.com/0xZergs/status/1739906728102371767)  2023-12-27T07:11Z [----] followers, [---] engagements


"3.6/ Ill be writing more abt other major structural flaws & new growth strategies in future posts. MetaStreet aims to expand the GDP of digital worlds by building civilization-scale capital markets including the Yuga NFT community. Stay tuned with a follow. #plugtheleak"  
[X Link](https://x.com/KtkZergs/status/1739906840488751111)  2023-12-27T07:11Z [----] followers, [---] engagements


"@BoredApeYC @apecoin @animocabrands @yugalabs"  
[X Link](https://x.com/anyuser/status/1739908770686500923)  2023-12-27T07:19Z [--] followers, [---] engagements


"@bayc1871 @DaCrazyBoredApe That nft would just trade at a discount to the market value of the assets. Would be like pre merge stETH Which is why I said discounting the value to the present with a burn rate would do something similar"  
[X Link](https://x.com/KtkZergs/status/1739926810430001428)  2023-12-27T08:30Z [----] followers, [---] engagements


"investment banking was the most emasculating experience of my life it drove me to crypto. was trading in the bathroom with my feet up on the seat at 3am cuz my associate was looking for me to realign boxes mfs flexing investment banking job offers on the timeline now the bar has never been lower mfs flexing investment banking job offers on the timeline now the bar has never been lower"  
[X Link](https://x.com/anyuser/status/1739941618910912697)  2023-12-27T09:29Z [--] followers, [----] engagements


"@thelongrunhold @machibigbrother Nfts: without cash flows performed fine during that period- punks squiggles memeland pudgies since Jan apecoin: there are other gamefi narratives with larger vesting yet demand soaks up the supply increases. neither is working out because the assets are fused"  
[X Link](https://x.com/0xZergs/status/1739984115552940050)  2023-12-27T12:18Z [----] followers, [--] engagements


"I did this in [----] Man it gets cold at night Also ran out of water cuz its long af [--] hours riding the Worlds Longest Iron Ore Train in the Sahara Desert In [----] I embarked on a journey aboard the Iron Ore Train of the Sahara one of the longest and heaviest in the world. It promised to be the adventure of a lifetime. Full STORY 🧵 https://t.co/fnbo3KJSOi [--] hours riding the Worlds Longest Iron Ore Train in the Sahara Desert In [----] I embarked on a journey aboard the Iron Ore Train of the Sahara one of the longest and heaviest in the world. It promised to be the adventure of a lifetime. Full"  
[X Link](https://x.com/0xZergs/status/1740418265472798765)  2023-12-28T17:03Z [----] followers, [---] engagements


"if autonomous worlds is about creating digital physics financialization is digital gravity because of the horrors of P2E devs migrated to onchain games seeking different reasons to put crypto into games. the main arguments were composability & permanence while financialization is often soundly rejected. i'd argue that financialization is still important: https://t.co/64RcQFEL2s because of the horrors of P2E devs migrated to onchain games seeking different reasons to put crypto into games. the main arguments were composability & permanence while financialization is often soundly rejected. i'd"  
[X Link](https://x.com/0xZergs/status/1740613380376007034)  2023-12-29T05:59Z [----] followers, [---] engagements


"@xdereklau @tax_cuts the moment something is priced not only is it financialized but a cost of capital is assigned think about a house. if you buy it with cash its expensive. if you buy it with low interest rate mortgage it feels cheap - why time value of money is 1st lesson in finance 101"  
[X Link](https://x.com/anyuser/status/1740615081208271159)  2023-12-29T06:05Z [--] followers, [--] engagements


"@xdereklau @tax_cuts my point is that it goes deeper than just pricing but pricing is a science in of itself (acquisition costs)"  
[X Link](https://x.com/0xZergs/status/1740615292068512138)  2023-12-29T06:06Z [----] followers, [--] engagements


"NFTs could be the 2nd largest source ETH yield Largest is @LidoFinance: $21bn TVL at 3.8% APR or $871m in ann. revenue Lending to the top [--] NFTs worth about $3bn at 21% APR (the market lending rate) would net $625m in ann. revenue Illiquidity = higher yields"  
[X Link](https://x.com/0xZergs/status/1740666896402583663)  2023-12-29T09:31Z [----] followers, [---] engagements


"@punk9059 @LidoFinance via paradigm-backed natively high-luck BLAST tokens ofc"  
[X Link](https://x.com/0xZergs/status/1740767668049952772)  2023-12-29T16:12Z 10.2K followers, [--] engagements


"Green Lumber What are "memecoins" Who benefits It's not only "insiders/cabal" Memecoins inscriptions NFTs represent the greatest products in the internet of value. It's the unique progeny of execution & immutability guarantees: speculation as the highest product-market-fit i know im a frothy broken record but imho in like 2months the avax foundation saying the quiet part out loud and buying memecoins will be such an obvious local top i know im a frothy broken record but imho in like 2months the avax foundation saying the quiet part out loud and buying memecoins will be such an obvious local"  
[X Link](https://x.com/0xZergs/status/1741354228277551550)  2023-12-31T07:02Z [----] followers, [---] engagements


"Nassim Taleb's Green Lumber is a good hint on this native behavior. Folks traded 🌳 thinking it was trees but it was totally different. Speculation vs actual "productive" behavior can be separated. Speculation is in a sense a "Proof of Work""  
[X Link](https://x.com/0xZergs/status/1741354230563385674)  2023-12-31T07:02Z [----] followers, [--] engagements


"When @Uniswap first launched many traders gave the reasoning for the inevitable failure of the product. Fees too high spreads are worse than cex exp revenues r ultra low. But what it invented was products via onchain guarantees: vaporware emerge like HEX or fruit coins"  
[X Link](https://x.com/0xZergs/status/1741354232593404231)  2023-12-31T07:02Z [----] followers, [--] engagements


"Risk transfer is so tremendously difficult and often requires entire bank divisions to create fair products (eg in the big-short when he goes to the Goldman Scahs office to create the CDS product almost spontaneously). Now it's globally natively socialized"  
[X Link](https://x.com/0xZergs/status/1741354236615770358)  2023-12-31T07:02Z [----] followers, [--] engagements


"Seemingly useless activities encourage risk transfer - Drawing lines on charts - revenues for exchanges - solving math problems - mining fees - inscriptions for BTC - generates revenues for post-halvening economics - memecoins/NFTs on Uniswap - generates trading revenues"  
[X Link](https://x.com/0xZergs/status/1741354238784258256)  2023-12-31T07:02Z [----] followers, [--] engagements


"These thotsr pretty incomplete but wanted to share them halfway"  
[X Link](https://x.com/anyuser/status/1741354244568240423)  2023-12-31T07:02Z [--] followers, [--] engagements


"in the end I just divide the largest crypto products as speculation assets speculation venues and speculation guarantors. eg: nfts/inscriptions/memecoins uniswap/opensea/binance miners/mev"  
[X Link](https://x.com/0xZergs/status/1741355301545325036)  2023-12-31T07:07Z [----] followers, [--] engagements


"Time to Robert Moses the NE with some very essential parks & rec living space Roughly speaking how many lower-income neighborhoods would you personally feel comfortable bulldozing to build this Just you know gimme a ballpark. [-----] people evicted 50k 100k Roughly speaking how many lower-income neighborhoods would you personally feel comfortable bulldozing to build this Just you know gimme a ballpark. [-----] people evicted 50k 100k"  
[X Link](https://x.com/anyuser/status/1741775815396806913)  2024-01-01T10:58Z [--] followers, [---] engagements


"DeFi 1.0: native yield at 0% so even unsustainable inflationary economics was a better "play" DeFi 2.0: experiments in long tail coverage real yield iterative designs LSDfi: introduction of a low but risk-free rate DeFi 3.0: the "80's" era of crypto. High risk-on yield"  
[X Link](https://x.com/anyuser/status/1742094119349178748)  2024-01-02T08:02Z [--] followers, [---] engagements


"Ive met a lot of folks who are fading the btc/eth etf cuz they say theres no real onchain innovation happening recently Which is a sophisticated way of saying initforthetech 🤣🫵"  
[X Link](https://x.com/0xZergs/status/1742399180012970478)  2024-01-03T04:15Z [----] followers, [---] engagements


"@josephdelong @TMobile @AstariaXYZ Spirit has a secret tier security system where you need a irl passport to change it you can only administer it over call- not sure if T-Mobile carried that program into the merger"  
[X Link](https://x.com/anyuser/status/1742399470808281574)  2024-01-03T04:16Z [--] followers, [----] engagements


"@josephdelong @TMobile @AstariaXYZ Cuz Ive been simswapped [--] times too before they added that in"  
[X Link](https://x.com/anyuser/status/1742399577691734372)  2024-01-03T04:16Z [--] followers, [---] engagements


"NFT financialization is the underdog narrative in this upcoming cycle It doesn't just combine NFT & DeFi it creates new primitives that are better than the alternatives. Better yield better assets higher upside. Long tail is long tail until it isnt"  
[X Link](https://x.com/0xZergs/status/1742486070904971747)  2024-01-03T10:00Z [----] followers, [----] engagements


"@metastreetxyz up to now has been mostly about foolproofing the barrels of our new financial primatives The next step is how to turn it into a weapon one that any community can control market structures/dynamics MicroStrategy for NFTs"  
[X Link](https://x.com/0xZergs/status/1743113780794699955)  2024-01-05T03:34Z [----] followers, [---] engagements


"Fun Fact: Anyone who thinks Myers Briggs is a reliable source of identity/personality is a def NPC/paid actor. You've classified yourself into a pseudoscience bucket rather than being the main character / going through the hero's journey Hard Fact: There are [--] personality types that make up only 10% of the population but 90% of all the scientists business people and political leaders who ever had an impact on the world. If u score NT on the myers briggs you're a main character otherwise you're an NPC. https://t.co/q0MreLnuFJ Hard Fact: There are [--] personality types that make up only 10% of"  
[X Link](https://x.com/anyuser/status/1744244917348778027)  2024-01-08T06:29Z [--] followers, [---] engagements


"aka linkedin astrology"  
[X Link](https://x.com/0xZergs/status/1744245112597828032)  2024-01-08T06:30Z [----] followers, [--] engagements


"@themanbearpigV2 milady"  
[X Link](https://x.com/anyuser/status/1744247592350073290)  2024-01-08T06:40Z [--] followers, [--] engagements


"In terms of utility I think @miladymaker has the greatest utility You say whatever you want in the rudest possible way Folks glance at the replyguy pfp and realize that you speak from the heart 🫂"  
[X Link](https://x.com/0xZergs/status/1744248107955888199)  2024-01-08T06:42Z [----] followers, [---] engagements


"Why does someone who used to be so curious supportive interested in crypto turn into its largest critic A [---] doesn't happen w/o other forces puppeteering the actors My guess: It happens that Gensler was the CFO for Hilary Clinton's presidential campaign Prof please 🙏🙏🙏 @GaryGensler https://t.co/3SG73lqfGm Prof please 🙏🙏🙏 @GaryGensler https://t.co/3SG73lqfGm"  
[X Link](https://x.com/anyuser/status/1744630762832597409)  2024-01-09T08:02Z [--] followers, [---] engagements


"Hilary is probably the biggest pro in terms of foreign relations - regardless of what you think of her. She knows exactly what crypto will do to the hegemony of USD namely bitcoin dominance. It truly is an alternative. But a simple ban is misguided https://www.bloomberg.com/news/articles/2021-11-19/cryptocurrencies-can-destabilize-nations-hillary-clinton-warns https://www.bloomberg.com/news/articles/2021-11-19/cryptocurrencies-can-destabilize-nations-hillary-clinton-warns"  
[X Link](https://x.com/0xZergs/status/1744631292027875489)  2024-01-09T08:04Z 10.1K followers, [---] engagements


"I think Gary = Hilary proxy and you have to know that the political backdrop is intelligent and aware of the satoshi vision. But I think the BTC emergant or crypto emergant future is not necessarily negative for US hegemony and USD prevalence:"  
[X Link](https://x.com/0xZergs/status/1744631843629289859)  2024-01-09T08:06Z [----] followers, [--] engagements


"I think the alternative is that a BTC emergant or crypto emergant future is not necessarily negative for US hegemony and USD prevalence 1) The continued prevalence of USD pairs: the indirect printing occurring for stablecoins is akin to what happened to ATMs in the 60s"  
[X Link](https://x.com/0xZergs/status/1744632153114382725)  2024-01-09T08:08Z [----] followers, [--] engagements


"Fun fact: ATMs were infact one of the main reasons we created M1/M2 supply concepts By continuously printing USD indirect it does a slew of things with additional circulation continued redenomination of USD across all apps globally namely remittances to DEPIN"  
[X Link](https://x.com/0xZergs/status/1744632995972345870)  2024-01-09T08:11Z [----] followers, [--] engagements


"I'll be posting up an AIP on this tomorrow been doing some research on the process. Thank you for everyone who reached out and offered insights on the path forward. PlugTheLeak APE is no longer in the top [---]. BAYCs are down -70% since its staking launch. APE has massive mindshare. yet is down only. It comes down to one failed economic experiment: Ape Staking [----] is about plugging the leak ⛲ & re-focusing 🧘♂ 🧵👇 https://t.co/8cEsJRZzRU PlugTheLeak APE is no longer in the top [---]. BAYCs are down -70% since its staking launch. APE has massive mindshare. yet is down only. It comes down to one"  
[X Link](https://x.com/anyuser/status/1744780265753661600)  2024-01-09T17:56Z [--] followers, 13.1K engagements


"At the market average interest rate for NFT debt (23% APR) You can earn as much as all of Lidos yield at 3.5% APR ($900m ann rev.) The top [--] NFT projects now combine for over $3.8 billion of floor-based market cap. Punks are about 33% of that and the list is increasingly cross-chain. Two top projects (Mad Lads and Tensorians) are on Solana and Ordinals Bitcoin Frogs and NodeMonkes are #13 and #14. https://t.co/zMUY7TJOlD The top [--] NFT projects now combine for over $3.8 billion of floor-based market cap. Punks are about 33% of that and the list is increasingly cross-chain. Two top projects"  
[X Link](https://x.com/0xZergs/status/1745008613813567591)  2024-01-10T09:04Z [----] followers, [---] engagements


"7/ Could this be gaming I thought gaming guilds were actually the 1st decent chance of this movement. It sure hell wont be aint decentralized onramps The onramps themselves might change. but right now we know who are the bigger elephants in the room"  
[X Link](https://x.com/0xZergs/status/1745115497295942024)  2024-01-10T16:08Z [----] followers, [--] engagements


"8. If Solana Aptos Sui or whatever wants to win theyll have to start taking marketshare of not TVL or users but control the onboards This is why @MadLads looking to become an exchange is the "master plan" to make Solana a true competitor. Until then it's just a narrative"  
[X Link](https://x.com/0xZergs/status/1745115499560849504)  2024-01-10T16:08Z [----] followers, [--] engagements


"No more NFT staking. APE for APE only. They're different things. AIP Idea is up - will become an AIP Draft in a few days. Thank you @kodama for collaborating on the idea. Still some open questions around it which I leave to the public: 🧵on the process: PlugTheLeak APE is no longer in the top [---]. BAYCs are down -70% since its staking launch. APE has massive mindshare. yet is down only. It comes down to one failed economic experiment: Ape Staking [----] is about plugging the leak ⛲ & re-focusing 🧘♂ 🧵👇 https://t.co/8cEsJRZzRU PlugTheLeak APE is no longer in the top [---]. BAYCs are down -70%"  
[X Link](https://x.com/anyuser/status/1745149276999811329)  2024-01-10T18:23Z [--] followers, [----] engagements


"Navigating logistical limitations: the first thing I did was a feasibility examination to see how to design the best distribution strategy at not only the contract level but coordination level as well. This was seeing what the Horizen contracts can actually do"  
[X Link](https://x.com/0xZergs/status/1745149459364000053)  2024-01-10T18:23Z [----] followers, [---] engagements


"@kodama **Supply sinks :** There is no doubt that there is a cost of short-term liquidity issues for long-term value creation. I believe that creating a lock via % distro of the remaining APE can mitigate such effects and possibly improve the asset ApeChain / Otherwise (feb) helps too"  
[X Link](https://x.com/0xZergs/status/1745149701631193327)  2024-01-10T18:24Z [----] followers, [---] engagements


"@kodama_eth The Horizen contracts operate on a "top-up" basis and I think the only feasible upgrade would be in late March. which isnt ideal for anyone. Especially in this recovery As a result this led us to the current design with some soft rebalancing"  
[X Link](https://x.com/0xZergs/status/1745151188767789405)  2024-01-10T18:30Z [----] followers, [--] engagements


"For what it's worth - the proposal tries to use past contracts to limit the scope and risk of trying to reintroduce new work. The idea is a fast & clean division between the NFTs and APE while creating ways to realign all parties to their specific value props. The Horizen contracts operate on a "top-up" basis and are great for what they do (linear vesting distribution based on deposits) but I think the only feasible upgrade would be in late March. which isnt ideal for anyone. Especially in this recovery As a result this led us to the current design with some soft rebalancing"  
[X Link](https://x.com/0xZergs/status/1745151833356795955)  2024-01-10T18:33Z [----] followers, [---] engagements


"The Horizen Staking contracts work exactly as they are intended (eg limited exposure via top-ups streamlined staking etc.) but they werent designed for flexibility for accelerated distribution (eg depends on March 21st top-up). There are also the other components around the disruption to existing APE holders who will miss out on a very time-sensitive process"  
[X Link](https://x.com/0xZergs/status/1745152299792760992)  2024-01-10T18:35Z [----] followers, [---] engagements


"The conclusion was that the existing vesting methodology for $APE-$BAYC co-staking might be quite difficult to align across a) mechanism b) timing/chronology c) economic alignment and d) historical reception of method. Based on these point I believe that the best method will be doing something similar to the 1stdistribution (the airdrop-claim system) as likely the best strategy going forward in lieu of the inflexible economics & logistics created by the longer-dated APE Staking contracts"  
[X Link](https://x.com/KtkZergs/status/1745152497583599656)  2024-01-10T18:35Z [----] followers, [---] engagements


"@LAZYBOY_888 @kodama_eth There is an allocation made out to NFt holders as demonstrated by NFT-tied APE Staking - this proposal is creates clean boundaries between NFT holders with the ApeCoin ApeCoin earners had already earned the value across [--] years since launch"  
[X Link](https://x.com/0xZergs/status/1745334448181428515)  2024-01-11T06:38Z [----] followers, [--] engagements


"The reason why the NFT holders need to have a claim method is because there is a set # of coins that has a prerequisite of holding the NFT. This is a proposal to properly sever that unnecessary tie. Those who staked are already aligned. We do a heavy discount to the # of tokens and reallocate it back to APE holders to help with the shor term supply issue"  
[X Link](https://x.com/0xZergs/status/1745334926617268252)  2024-01-11T06:40Z [----] followers, [--] engagements


"@_legit_biscuit @BalouBAYC @kodama_eth Only NFT holders would apply not blur farmers If anything blur farmers should bid the asset up leading up to the event like a proper ex-dividend event"  
[X Link](https://x.com/0xZergs/status/1745335032770953542)  2024-01-11T06:41Z [----] followers, [--] engagements


"Do you think that a time-weighted average staking period of your NFTs as a "proof of work" is the correct metric for present-value distributing the remaining APE It does make sense from your perspective as not all NFTs are staked/havent been staked. It would also allocate the most rewards to those who are least likely to sell. Lets do an assumption here: of the 100% left to stake per NFT-tied allocation I recommend discounting to the present 60% (in the proposal) ---- Now within that 60% I'm also all ears for the distribution - which is why i have a public forum for it Perhaps it could be"  
[X Link](https://x.com/0xZergs/status/1745341456221663604)  2024-01-11T07:06Z [----] followers, [--] engagements


"Dont forget they literally printed 5x the USD supply since [----] Are you sure youre up on your port anon Literally fucked us all in plain sight"  
[X Link](https://x.com/0xZergs/status/1745418407133274381)  2024-01-11T12:12Z [----] followers, [---] engagements


"STAKED ETH ETF WITH QUARTERLY DIVIDENDS Yield makes institutionals hard"  
[X Link](https://x.com/0xZergs/status/1745464441154768986)  2024-01-11T15:15Z [----] followers, [---] engagements


"1/ I lost -$700k in a single trade. and I was lucky. In [----] it was known as the Widowmaker Trade. The single reason for all the blowups (3AC Blockfi Silvergate FTX). I even sent an email & had a call about the systemic risk but the market was pumping so who cared Me"  
[X Link](https://x.com/0xZergs/status/1746126672451993999)  2024-01-13T11:06Z 10.2K followers, 1.2M engagements


"3/ The chart above shows [--] metrics: The 1) premium or discount 2) and the shares unlocked. This is particularly interesting today because a lot of the unlocks you see this week came from this period where money was locked 2-3 years ago. It's why the ETF market dumps"  
[X Link](https://x.com/anyuser/status/1746126679762677916)  2024-01-13T11:06Z [--] followers, 82.1K engagements


"4/ So let's start from the very beginning. What the fuck was this trade It was well known in the institutional crypto world: Jump Jane DRW etc. It was this anomaly where GBTC was valued a lot HIGHER than the Bitcoins than it held. Every [--] BTC was worth [---] BTC. huh"  
[X Link](https://x.com/0xZergs/status/1746126682342527377)  2024-01-13T11:06Z [----] followers, 62.6K engagements


"5/ This was because BTC was "hard" to access for a lot of folks You want BTC Instead of coinbase they just bought GBTC shares. So it was a demand vs supply imbalance. How do we make money here Well you give Grayscale a BTC and then you get back GBTC after [--] year"  
[X Link](https://x.com/0xZergs/status/1746126685215601051)  2024-01-13T11:06Z [----] followers, 53.5K engagements


"7/ So we (& a lot of other people) decided - we should do this trade. It looks decent enough - we've heard some folks make decent returns on it (15-20x after [--] year). Most importantly the duration got cut from [--] year - [--] months for ETHE (known as a Form [--] update)"  
[X Link](https://x.com/0xZergs/status/1746126690512736350)  2024-01-13T11:06Z [----] followers, 45.4K engagements


"8/ This is how the trade worked to be "hedged" so you just made USD returns. Have $1m in cash Deposit that cash borrow $3m in BTC (Blockfi) Deposit $3m in BTC in Grayscale Wait [--] months  Profit So pretty much 30% premium * [---] borrow = +90% (less interest)"  
[X Link](https://x.com/0xZergs/status/1746126704391930014)  2024-01-13T11:07Z [----] followers, 45.9K engagements


"8.1/ 3x the principal was very low compared to the market. We heard that the average on this trade was 5-20x Jane Jump crypto funds DRW 3AC. Yeah crazy a 5% down payment Cuz of muh twitter presence What diligence was this We did 3x one of the lower rates"  
[X Link](https://x.com/KtkZergs/status/1746126707185324082)  2024-01-13T11:07Z [----] followers, 40.6K engagements


"9/ In [----] I remember everyone asking me "wow Blockfi has high yield Should I deposit In [----] I remember Wow BTC/ETH are PUMPING Why did that happen From $300 ETH to $2000 ETH They were both related. They both were fueled by the Widowmaker Trade"  
[X Link](https://x.com/KtkZergs/status/1746126725556175109)  2024-01-13T11:07Z [----] followers, 40.8K engagements


"11/ FEB '21 Life turned to a living hell. I knew I shoulda stuck with MEVing. I even sold my ETH at $300 for this shit trade What should have been a very automated trade turned into a verystressedone. The discount wasnt high yet (-1%) in Feb [----]. but it was just starting"  
[X Link](https://x.com/0xZergs/status/1746126733789602047)  2024-01-13T11:07Z [----] followers, 37K engagements

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