Sandpath Digital is a crypto #realyield & FA enthusiast. Longtime crypto investor, getting wary & old.
Bangkok
Joined May 2022
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Sandpath Digital retweeted
It appears that the @UmamiFinance Biz Dev has tried to rug & the team have saved the DAO's treasury. RFV is around $5 which the token price went to when the EX-CEO dumped his shares.
👇🧵
Sandpath Digital retweeted
High reward more often than not is accompanied by high risk
FTX likely not the only exchange that has been running on fractional reserve
Sandpath Digital retweeted
Fantastic summarization of the most recent #Zoltan prediction for Breton Woods III.
Anyone following macro should read.
Folks, you know that I enjoy reading every piece that #ZoltanPozsar at #CS writes. His latest piece "War and Commodity Encumbrance" (Dec. 27th) was particularly worth reading. Here's a little #thread with the most important parts:
Sandpath Digital retweeted
We've reached the point in the market cycle where US judges approve the use of customer deposits to pay bonuses to custodial ponzi scheme employees.
markets.businessinsider.com/…
Sandpath Digital retweeted
'According to the book "All the Countries We’ve Ever Invaded: And the Few We Never Got Round To", there are only 22 countries Britain never invaded throughout history [..] some of the more notable include' Ivory Coast , Sweden, Mongolia and Paraguay.
statista.com/chart/3441/coun…
Sandpath Digital retweeted
FTX’s collapse has not spurred a rush to self-custody, according to @chainalysis 😬
Instead, Chainalysis suggests recent increased activity on DeFi platforms can be attributed to existing users and “one industrious MEV bot”
Sandpath Digital retweeted
To the @lukso_io community…
What is your current estimation for mainnet launch?
Interested to see what the general consensus/expectations are from everyone right now.
We should have a better idea when we see the roadmap which is on the way soon!
$LYXe $LYX
19%December/January
35%February/March
20%April/May
26%June +
348 votes • Final results Sandpath Digital retweeted
1/ There's a lot of debate and speculation on crypto Twitter about how Alameda managed to lose so much money. But this may give a false impression of ambiguity in other aspects
There's one thing that's unambiguously and indisputably true. SBF and Alameda committed fraud. Period.
Sandpath Digital retweeted
Maker has some real-world asset exposure through different vaults, such as Monetalis. Entities and their assets are under full control of MakerDAO and they're always traceable.
Anyways, system is always overcollateralized, and fully traceable at any time
makerburn.com/
Sandpath Digital retweeted
Stop giving these liars a platform to be heard. Am tired of constantly seeing simp tweets for the people who’ve hurt so many in this space. You’re a part of the problem. Once they reimburse victims then we can maybe have that conversation of a comeback.
Sandpath Digital retweeted
🚨Get your #Bitcoin the fuck off of Robinhood🚨
1) Jump was in bed with Alameda & 3AC.
2) Jump ate nearly a billion dollars in losses bailing out Wormhole & Terra LUNA
3) Jump was a massive holder of SOL/FTT/SRM which are all rekt.
4) Robinhood chose Jump to execute trades at FTX
Sandpath Digital retweeted
I cannot say this enough. GTFO @Nexo.
They are fucking lying.
➡️A friend of mine whom I personally trust told me:
"A certain gentlemen there was at all conferences the last ≈ 6 mos trying to get borrowers from every corner."
They are collateralized by their own shitcoin
Sandpath Digital retweeted
1/ One of the most challenging and unspoken issue facing the @solana ecosystem are the wrapped Sollet tokens, namely soBTC, which is used widely across lending and AMM platforms.
The problem? These tokens are issued by FTX (or Alameda, no one really knows)
Sandpath Digital retweeted
Two big lessons:
1: Never use a token you created as collateral.
2: Don’t borrow if you run a crypto business. Don't use capital "efficiently". Have a large reserve.
Binance has never used BNB for collateral, and we have never taken on debt.
Stay #SAFU.🙏
Sandpath Digital retweeted
As an outsider, the secret sauce that is making Arbitrum successful is simple.
They spend 95% of their time focused on building the product and they are not travelling conf to conf living the crypto lifestyle.
It is easy to fomo for every conference, but do that after you win
Sandpath Digital retweeted
@dammfinance launching a Halloween 🎃 vampire attack on Aave & Compound. TVL exploding to $30 million.
$2.6 million marketcap of $bDAMM, which you can convert to $DAMM on 31 October.
Juicy yield for LPs and great upside for token holders. Comparable protocols are 100-500x.
Sandpath Digital retweeted
@MetavaultTRADE is doing impressive volume on Polygon. $32k a day annualised is close to $12 million, or 1.5x its current marketcap of just north of $7 million. It has a $GMX token economics - including multiplier points - and staking $MVX yields 32% in esMVX, plus 5% in $MATIC.
