Token Burn

How to retire early and keep your gains Probably an obvious post, but easy to lose yourself in a state of market frenzy. - - - - - 1. Dumb Investor a) Breakdown • Portfolio/net worth remains the same maybe due to bad decisions or getting caught by the market • Income stays flat, no compounding, no real edge b) Actionable steps • If trading is not for you , there are many other side quests to pursue (content creation, work full time at a project/company, build something with your close friends, airdrop farm) --> create more sources of income + focus on finding your edge (if trading perps is not for you, go on chain and vice versa) • Create a system in place: budget + journal + excel PnL and portfolio tracker + risk management systems • Learn to stop over trading, sit out when there is a lack of narrative and only be active when there is a new and fresh meta • Train your muscle memory to spot fresh narratives and non-consensus plays - - - - - 2. Smart Investor a) Breakdown • Spending decreases, disciplined and stay within the budget • Speculating/Apeing still present but possibly done more selectively and contributes to upside --> you did well, probably graduated from the trenches but still need to actively invest/ape if you are still at 6-7 fig port (here comes the fabled high 6s to 7 fig hell where "you are too rich to work, but also too poor to retire") b) Actionable steps • You now know how to survive (most impt) not to die in crypto. Now it’s time to learn how to win • Accumulate wealth by being smarter about bets (size into conviction plays) and maintaining control of expenses (you now have money, easy to squander it all away if not careful) • Zig while others zag (e.g early to robotics and biotech, or apeing PIPEs/equity stocks when everyone else was still in altcoins) • Size into things that will create meaningful returns to your portfolio, eliminate things that are time wasters • Systematise your learnings, stack XP points • Constantly off ramp, just to create a safe nest egg and diversify + spend on life upgrades • Scoop non-consensus bets at low valuations but they have strong team and market misplacing • Size into bigger cap coins that have narrative + future catalyst ("reasons that people want to own in the future") - - - - - 3. Wise Investor a) Breakdown • Everyone's goal, when income/portfolio becomes dominant through compounding and smart positioning --> you've probably reached high 7 figs to 8/9 figs here • Your spending is basically life upgrades, safety and enjoyment • Speculating is minimized or timed well, probably best just to put into safe stuff/btc --> constantly cash out to buy real estate, maybe a proper (kek) business • If done properly, probably exits the cycle early or becomes a giga whale • Humans basically want to optimise for 2 things: money and time, you've solved for the first one now buy back your time b) Actionable steps • Optimise for fulfilment and leaving a legacy (build or start something, work on your passions) • Prioritise for anonymity, stealth wealth, buy back time, safety --> the more you scale your port, the more you are a target • Wealth preservation is paramount Having said all the above, one quote still rings true for me: "most of us came from nothing, so how can we lose when we started of with nothing"

A notable newcomer has recently emerged in the stablecoin sector - ENA, which is generating significant interest in the market. The Ethena Foundation has announced a large-scale buyback plan, pledging to repurchase $260 million worth of ENA Tokens from the open market, a figure that accounts for approximately 8% of its circulating supply. This measure will inject $5 million of stable buying pressure into the market every day over the next six weeks. This not only provides strong support for the price of ENA but may also drive its continuous rise, making it extremely difficult to short ENA. At the same time, the legislation in the U.S. cryptocurrency sector has brought good news for ENA. With the introduction of the "GENIUS Act", stablecoins have gained legal status in the U.S., being positioned as "necessary financial infrastructure". As a leader in the stablecoin protocol, ENA is expected to attract significant institutional funds and be widely adopted across various applications. In terms of market performance, ENA has recently reached a new high in 23 weeks, demonstrating strong upward momentum. Notably, this surge occurred before the full implementation of the buyback plan, reflecting investors' high confidence in ENA. From a market structure perspective, although the repurchase plan has been publicly announced, its continuity and daily nature make it difficult for the market to immediately fully digest this information. An additional purchase of 5 million dollars each day will continue to inject vitality into the market, creating a favorable risk-reward ratio for bullish investors against the backdrop of the overall warming of the current cryptocurrency market. As the importance of stablecoins in the financial system becomes increasingly prominent, ENA, as an emerging stablecoin protocol, stands at a turning point full of opportunities. However, investors still need to be cautious and closely monitor market trends and changes in the regulatory environment to make informed investment decisions.

A report analyzing the Asian crypto market indicates that Asia accounts for 60% of global crypto users and contributes the most to market liquidity. Countries like India, Indonesia, and Vietnam have shown outstanding performance in crypto adoption indices, demonstrating strong market potential. The report also highlights the socio-economic diversity of the Asia-Pacific region and its unique development characteristics, providing diverse opportunities for investors.

The evolution of Lido for home stakers A Snapshot vote seeking DAO approval for the rollout of CSM v2 is live. If approved, the next step will be an on-chain vote to upgrade CSM, followed by a coordinated rollout of measures outlined in the proposal.

This article introduces four high-quality projects expected to conduct airdrops in the first quarter of 2024: Hybrid, Kamino, marginfi, and DOP. Each project has different characteristics and participation methods, and users can qualify for airdrops by completing tasks or participating in activities. Before participating, investors should fully understand the risks and follow the project dynamics.