Home Altcoins News $11B TVL in DeFi on Avalanche (AVAX)

$11B TVL in DeFi on Avalanche (AVAX)

$11B TVL in DeFi on Avalanche (AVAX)

Jay Kurahashi-Sofue expressed:  There’s +$11B TVL on Avalanche. DeFi users prefer lightning-fast apps w/ low tx fees. Simple. The best DeFi education isn’t a blog post or YouTube video. The best DeFi education is actually using the protocols with real money.

Community response:  And I have it on good authority that, the best blog posts OR youtube videos come from the exact education you mention above (rather than the other way around as you point out!).

This’s true. I mostly invested in the protocols I like to use myself. Successful protocols/chains need to be excel in everything – UI, UX, ROI & community. Such insightful primary data only possible to obtain from real-world use, not from the second-handed information.

Until you pay $150 for a single swap you haven’t defi-ed.

Applies to building as well: Using a technology is the best way to learn how to use it. Building for a technology is the best way to learn how to build for it.

Dipping your toes and diving in is completely different. Experience is the best teacher.

That is clear, anyone can start with a low fee chain and interact with the main protocols.

That’s how I really learned about impermanent loss, reading about it and actually going through it is very different.

Yeah I lost some money, but I learnt a lot.

Lots of you will negate whatever excess profits and yield you earn from actively managing your crypto assets by log wealth-ing them as they go up.  Best way to avoid this is either put in cold storage / long-term staking or make sure to tattoo “prefer linear wealth” on your thighs.

Putting your whole stack into an unsure bet 10x in a row is not wealth maximizing because 99.4% of the time you end with 0. Also is not practical question because liquidity is not infinite.

I’m talking about a very specific strategy, “maximizing linear wealth”, also known as expected value I agree in practice it’s terrible, that’s literally my point.

Even google have no idea what’s “logwealthing”. I suppose it’s something related with trading lumber futures, right?

I believe by log he means logarithmic. People get excited seeing their wealth grow logarithmically and sell too early and then repent seeing the linear growth with their stables.

Yeah, can you clarify what you are saying here? Surely logwealthing is better than linear wealth-ing?

An exponential growth is generally plotted against a log chart. That’s what he meant “logwealthing” – exponential growth in wealth. Term is new, he wants to sound cryptic and cool.

 

 

 

 

 

 

Read more about:
AVAX
Share on

dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

Crypto newsletter

Get the latest Crypto & Blockchain News in your inbox.

By clicking Subscribe, you agree to our Privacy Policy.