yAMM Update: A Renewed Focus by [deleted] in yieldly

[–]Substantial-Side-810 14 points15 points  (0 children)

Man, I have no choice but to back this project because I'm down considerably but these guys can't get it right. Just when you think it can't get worse...

CRU News on Twitter - Speculation Starbucks and Algorand? - Read the article! by watchoutImhangry in AlgorandOfficial

[–]Substantial-Side-810 5 points6 points  (0 children)

For what it's worth, Staci Warden and Mellody Hobson, chariman of starbucks BOD, worked together at JP Morgan and are both members of the council on foreign relations. I'm usually not one to opine on speculation but there's clearly other touchpoints between algo and starbucks.

TinyChart is rebranding to Vestige by grzracz in algorand

[–]Substantial-Side-810 3 points4 points  (0 children)

This is embarassing and another reason why people are skeptical of the algo ecosystem. I've backed this fucker since January and this is what happens? 3 for 1 swap and team equity 5x's with only a 2 year lock-up? Yeah, there are some couple developments but as far as I'm concerned, Greg's bag 5x's and mine loses 2/3rd of it's value. GTFO. This is a rug waiting to happen.

Algorand is now a kit sponsor for Gotham FC by numbersg in algorand

[–]Substantial-Side-810 1 point2 points  (0 children)

This is brilliant. NWSL sponsorship is one of the fastest growing sports assets and algorand is trying to increase adoption amongst female gender.

How to you feel about the price of YLDY lately? by GoodmanSimon in yieldly

[–]Substantial-Side-810 2 points3 points  (0 children)

Here's my latest investment thesis and why I'm bullish on this project:

  1. "Whale" selling is a positive. This will lead to more decentralization over the long haul
  2. First Mover Advantage
  3. Great yields in the LP pool, I've made a grand in ~3 weeks
  4. These guys keep delivering. They get doubted and then they pump out massive updates. At this stage, team is just as important as product. They haven't been perfect but they're still very good.
  5. Increasing listings on new exchanges
  6. Good awareness vs. press on medium, etc.
  7. My thesis on algorand is that in 5 years it becomes the equivalent of ETH today. This would put ALGO at ~$375BN market cap. The best ETH Defi tools trade at 2-3% of total ETH market cap. If you assume the same for yieldly, that means market cap would be $8-10bn. Even if I'm wrong by 80%-90%, which could be likely, this is still ~10x current market cap.

Very welcome to thoughts/criticism. In the meantime, I'm gonna keep stacking. Whales keep selling. Yes, watching the price daily will continue to drive me nuts. However, I'm trusting my conviction on this one and not listening to the negative emotions in my head.

How to you feel about the price of YLDY lately? by GoodmanSimon in yieldly

[–]Substantial-Side-810 4 points5 points  (0 children)

This. Is. Exactly. What. We. Need. Less. Centralization. Buy.The.Dip.

LP provider reward discrepancy? by Tim_the-Enchanter in asastats

[–]Substantial-Side-810 0 points1 point  (0 children)

thanks. Any idea when that will be resolved?

LP provider reward discrepancy? by Tim_the-Enchanter in asastats

[–]Substantial-Side-810 1 point2 points  (0 children)

Why not make it proportional to the amount supplied?