Elon got me! Yea, my X account got suspended for no reason. I appealed and they restored my account just to find out that it got suspended again a day later. The worst thing isn’t to start over again, but not being able to just walk away because of the lack of serious other platforms. Usually I wouldn’t tolerate something like this.

So here’s my new account…

https://twitter.com/I_SexyLife

But enough complaining, let’s get to the interesting stuff.

I see lots of posts about the bad VCs and influencers and how they make this cycle tougher for everyone. This is total BS! People just got more retarded.

It turns out, blindly following others without doing any research isn’t the holy grail. And throwing money on every new shiny coin in expectation of turning into a multi millionaire over night is even far left of the left curve.

Just do some research, have some risk management and you’ll do fine. Yes, it takes several month/years to build wealth, but you gain skills on this path which others won’t get. So you’re not only building a serious portfolio, but you also become a better person.

But yea, this sounds lame. I know. Keep buying those tickets, we all know everybody wins the lottery…

DeFi Updates

First, excuse me that this section won’t be much, but X rugged my bookmarks too.

The Myso ruffle has ended. Unfortunately, my tickets didn’t win, but the next campaign is already in line.

Also there’s a ton of things to do to earn on Mantle.

Here you can check your EigenLayer points, you gain for your mETH:

Mode for season 1 will be claimable on the 7th.

I still think Mode is one of the under-farmed projects. You can get good positions on the leaderboard with relatively less funds.

Plus, there’re pretty good protocols running on the L2 to earn in the process of collecting points. We don’t want to lose money getting ze points!

Sanctum gets shared quite a lot with their cute pets. It’s a nice idea to make points farming a little more fun.

Each LST has a corresponding Pet. To own a Pet, you have to hold at least 0.1 SOL worth of it's LST. Pets will level up as they gain EXP and evolve.

In my opinion, it’s already crowded. But if you have some free funds, there’s not much to lose.

Karak now supports restaking mETH on Mantle. This can safe you a lot of gas.

Investing

This is a great article by Lyn Alden. It’s basically what I said in previous Newsletters, but much more in detail. It’s really worth reading!

The main message is, “Make debt in fiat and buy assets”.

Now to my portfolio adjustments.

I sold all my WINR at break even. It was a very small position, but I don’t think gambling protocols will have a big upside with the excessive memecoinery we are experiencing. My thesis is that nobody wants to play such games when there’s the dream/illusion of making 1000x with an animal wif hat.

I welcomed the dip happily and bought more Pendle and W, as well as, a bit more LNDX.

KMNO also found the way to my portfolio (come on, one of the largest protocols on Sol, but only $50m Mcap!?!). People have been too emotional on the EigenLayer drop announcement and dumped everything in rage. Staking it brings a good boost for Season 2 as well. However, this is going to be a shorter trade for me.

I added to my leveraged mETH position on Aurelius. You gotta welcome sub $3k prices. My target is 2x (currently sitting on 1.8x), but if we go down low, I’ll go up to 3x.
I don’t want to go this high now, because this would bring me in an uncomfortable position of constantly monitoring.

A new wETH/mETH pool on Timeswap went live, which I immediately utilized. It’s really dope, because you can borrow 1 ETH for every mETH you deposit. Then I swapped it for mETH, which I restaked with Karak to farm some points.
This way, I earn EL points for my mETH and Karak.

Current holdings:

(The USDT part stands for all stables I hold and not only USDT)

Macro

The Japanese Yen made some crazy moves and dropped to a 34-year low. After the BOJ announced that they won’t raise rates, the Yen fell massively against the USD.

The BOJ had to intervene twice to hold the 160 Yen area, which looks like the pain-point.

The Yen lost 39% against the USD in 4 years, while the USD lost ~25% in purchasing power in the same time. This means that the Yen lost 54.25% purchasing power in 4 years!! And this is one of the most important currencies on this globe.

The problem for all of this are the high rates in the US. This leads to investors fleeing the yen for USD. Japan isn’t able to raise rates because of it’s high debt of more than 254%.

Now it gets interesting! Japan is one of the biggest energy importers and a weak yen would lead to more inflation. Japan is also the largest holder of US treasuries with over 1.1B and it could sell them to stabilize their currency. However, this would have an impact on treasuries itself and the US could be forced to raise rates even more.

This would lead to a stronger USD, but a weaker US economy and a potential stock market crash.

Japan is the most important ally in Asia. So the US might be drawn to help out their buddies because who’s going to buy all of their debt?

A weak yen is pretty bad for China. They're buying gold and other commodities like maniacs in 2024, which indicates a big devaluation of the yuan in the nearer future.

Everything points towards currency devaluation and it’s going to be even crazier than what we’ve seen in the last four years.

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
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.