Foxi has a lot of knowledge and still got victim of a hacking attack. He downloaded a malicious file and lost a significant amount. And I’m so sorry about that!

This shows that everybody can lose, even your life savings, when you have a weakness in your system.

This is why I want to talk about security today. Yes, it requires a few minutes of work and a few bugs, but it’s worth it! I’m always wondering how people are comfortable with having millions on a hot wallet and yolo every shitty contract. Get a damn hardware wallet! It costs ~$50.

The best way to be safe is to have a separate device for your crypto stuff. If you don’t have the money, get a virtual machine for downloading files. It’s basically a quarantined OS and doesn’t cost you anything. It only takes about 30 min to set up. Get Virtual Box and download Ubuntu for it. Youtube is full of manuals on how to do it.

For the internet browser on your crypto device, get the Pocket Universe extension. It simulates every transaction (EVM) before you sign it and it marks scam posts on X. Also use the Rabby wallet (EVM), which does another simulation most of the time.

This is how I do it when it comes to hardware wallets... I only have small amounts on hot wallets. Everything else is on hardware wallets for my everyday Defi activity. Yea, it’s annoying always taking the extra step to sign, but it also gives you extra time before you do something stupid. And in case a malicious file finds the way to your device, your wallets can’t be drained when your funds are on a hardware wallet.

I’m so paranoid that I also get a new hardware every time a wallet reaches a specific amount. You end up with a pile of hardware, but hey, if you lose one, you don’t get eradicated. I also own one cold storage, which never touches a contract. This is for holding only.

You don’t have to do it like me, but if you manage several thousands of dollars, at least two hardware wallets are a must. One for your everyday Defi stuff and one real cold storage.

Signing practice is also important. Never approve unlimited! Only approve what you need in one session. Yea, it sucks to approve all the time, but that’s the extra step to prevent you from stupid things.

Convenience leads to do stupid things! Always take the extra step!

DeFi Updates

A new Mantle Rewards Station campaign started. Stake your MNT and earn xINTX. You can unstake any time.

Currently, you can borrow MNT for below 2% on Aurelius.

Covenant is an interesting project. It lets other projects issue debt and trade it, similar to corporate bonds in tardfi.

They’re running a points program and it’s crazy underfarmed.

More rewards for Timeswap users incoming!

With Pendle, Karak gets a little more attention recently. But it’s still underfarmed in my opinion.

If you used LandX in the past or you hold some LNDX, you might be eligible.

Kinda interesting read…

Investing

Like I told you in the last letter, I’m also getting some more stablecoin farms with the extra money coming from the DCAing, I have paused.

Airpuff USDT lending >20%
Pendle PT-USDe on Arb as well as on Mantle ~35%
Aurelius stability pool ~30%
Timeswap lending, USDT/PT-USDe pool 28% + TIME rewards
Circuit aUSD/USDC >45%
Backed USDe >50%
Aave lending USDC ~12%
LandX xBasket ~18%, which I also use as collateral on Timeswap to borrow USDC

Diversifying your farming! I lost around $5.5k in the last few months from exploits (Mozaic, funds are still frozen on CEX, and Sonne). By diversifying you can mitigate those losses.

I’m more comfortable to put more money in Aave or Uniswap pools than somewhere else. This usually doesn’t yield as much, but the risk lower. And hey, double digits on those platforms is actually not bad.

It’s not really a stablecoin farm, but I also like to mention my HLP and JLP holdings. They’re kinda a hybrid between stables and majors exposure, plus some extra yield.

I usually trade wstETH depegs, but I have been on the road on the weekend and couldn’t have the chance this time. I set up a simple notification for this.

These trades can make you quick gains with relatively low risk. You can also leverage that with a lending platform…

Swap ETH for wstETH and borrow more ETH against this. Swap for wstETH again and so on.

If you’re interested in one of the following projects, I appreciate if you’d use my code!

Rabby Wallet (Best EVM wallet):
https://rabby.io/rabby-points?code=SEXYLIFE
Aurelius Finance (CPD and Lending):
https://app.aurelius.finance/?af=sexy
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
Karak (Restaking):
wUpY9
c2zNh
LG7bW
TnV1u
YXHjj

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.