It seems like everything gets more retarded with every day. I’m not only talking about the meme coinery, but also the overall political space and with it the financial situation.

You can sense that people feel the downfall, but they still live in complete denial. The cognitive dissonance is huge with them. You are reading this letter and the chance is high that you won’t end up like most people. You’re educating yourself and take your fate in your own hand.

The shit-coining is just one symptom, the urge to escape mediocrity as fast as possible. Mediocrity, however, wasn’t a bad thing one or two decades ago, but it is today.

Don’t get me wrong memecoins aren’t necessary a bad thing, but excess is. Do it with a small budget if you want, but have a better strategy with the major funds in your portfolio.

I’ll share a few strategies how I manage my portfolio later.

99% are getting recked with memes. You don’t see this often, because people just don’t share their losses. So much respect to Edward Morra for his honesty.
But this is how most portfolios look like after a memecoin shopping excess.

Could you imagine that Black Rock becomes one of the biggest crypto shiller a year ago? Frankly, I have been very skeptical when Larry was suddenly talking positively about BTC.

This brings me to ETH in general. A lot of people are disappointed about the price movement and they turned quite bearish about the asset. But most people also ave a horizon until the end of my lawn.

Most are too focused on the price, but that’s not how you should invest. The best investors don’t live in the present, they see the future. And it looks bright for ETH.

Do you really think big institutions issue their funds or whatever they want to do on a second class blockchain, because it’s super fast? No, they definitely won’t!

“But XYZ is much better!”

Maybe, but not in institution’s point of view. Compared to us, they take 10 years to make a move. So speed is not an issue for most cases. Ethereum just has the longest runtime and has proven to be reliable.

That doesn’t mean other chains aren’t relevant in the future, but ETH is the only one at the moment.

DeFi Updates

Solv has a similar approach like Ethena for a yielding version of BTC.

If you have some BTC lying around, this could be a good chance to get some points early.

Ankr is finally waking up. It always has been a boring but solid project and with Neural, it might get some attention.

NMT looks strong during the AI dip.

Parcl is one of the more anticipated drops.

Investing

Most can’t outcompete BTC or ETH. They’re just too emotional and overtrade, so why not mainly own these assets and farm the shit out of it?

Yea sure, there’s the smart contract risk and an exploit could ruin your portfolio. The key here is diversification and don’t put too much into one protocol. I know, the temptation is great, when you have something like Pendle. Not much is beating 60-70% for PT-ezETH or PT-rsETH…

Well, maybe some leverage on Timeswap for example.

The current times are actually amazing for farming and the more protocols you use, the greater your chance of getting a few airdrops. And lending protocols are perfect for that.

First, they’re easier to farm than perps and second, we don’t want to lose money to get points. Most of the time we don’t know how much they are worth.

On Wednesday April 3rd, 2pm UTC, I’m talking in the Big Crypto group about some of my favorite strategies and how I’m farming points.

If you’re interested, the link down below provides you with a free 7-day trial 👇

I’m pretty active on Mantle as you know and because it’s so under-farmed, you can get very good rates on the lending markets. MNT staking went live and you can earn Ethena mShards now. You can unstake at any time btw.

Currently, you earn around 1400 shards per 1000 MNT staked. That’s round about $3.70/day or ~0.3%/day. Most likely it will go down.

But combine it with mETH holding and you also earn EL points. So the best thing is to own mETH and borrow MNT against it, if you don’t own MNT in the first place.

The best places to look at are:
- Timeswap (high interest -22.5%, but good MNT rewards 38% and 3.5% TIME)
- Lendle (interest -9.64%, LEND rewards 17.3%)
- Minterest (interest -2.1%, MINTY rewards 13.1%)
- Aurelius (interest -4.98%, 1.95% MNT rewards for supplying mETH and Salt, points program)

Delta neutral funding rate farming also got a lot of attention recently. But that’s no wonder with such high rates.

DefiVoyager has some good content about it, so check him out.

I also do that, but I integrate it into my other lending strategies. This adds an extra layer of risk, but leverages your position as well. So it depends on your r/r-tolerance.

I usually use Timeswap for that, because I get fixed rates and it’s easier to calculate.

I’m using the USDC/Pendle pool for that. I want to hold Pendle, but also earn on top of it. Currently, the PYTH funding rate is ~123% on HMX.

I buy some spot PYTH with the borrowed USDC and short it on HMX. Don’t leverage to heavy on the perp! We DO NOT want to lose money!

Here’re some of my ref-codes. If you’re interested in these projects, I appreciate if you use them!

Rabby Wallet (Best EVM wallet):
https://rabby.io/rabby-points?code=SEXYLIFE
Aurelius Finance (CPD and Lending):
https://app.aurelius.finance/?af=sexy
INIT Capital (Lending):
https://app.init.capital/points?ref=5ECC4D
Spot On Chain (Analytics Platform):
https://platform.spotonchain.ai/referral?code=0r3wi0eg6n33
HMX (Perp Trading, Arbitrum, Blast):
https://hmx.org/arbitrum/referral?ref=SEXYLIFE
Merkle Trade (Perp Trading, Aptos):
https://app.merkle.trade?ref=ISEOW51X
Milky Way (TIA liquid staking):
https://app.milkyway.zone?ref=sexy
NFT Perp (NFT perp trading, Arbitrum, Blast):
https://app.nftperp.xyz/referral?code=DCAA40EE
Parcl (Real Estate Perp):
mojolife

Stay Sexy!

I’d appreciate if you give me some feedback and what you like to read in this newsletter, so I can provide the best value for you! Just send me a DM on X or respond directly to this mail.