Richard Hsu | Yield Farmooor
@richardnhsu
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NFT degen that turned into a DeFi investor. Building @drippyfinance. Monartist for @sealuminati. Arfing with @pixldao.
Joined October 2014
Sometimes the best LP strategies are the most simple strategies. One strategy is just a wider range LP and smart compounding. We compound when prices are low. This drags down our average entry. Then we derisk the fees or take profit when prices are high Simple, but effective.
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Say goodbye to getting rekt by Impermanent Loss, unrealistic APR, spread sheets, and suboptimal strategies. Say hello to data-driven simulation, battle-tested strategies, and top-tier LP education. Built for LPs by LPs.
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Seeing a lot of low sentiment posts on the timeline. I think it gets worst before it gets better. This is typically when most people give up and leave the industry. If you have the intention of staying in this industry, don’t let this season affect the course of your life.
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Day 26 of LPing on @monad Summary: > Stats not looking pretty. Hindsight is 20/20 when yield farming. It's easy to say I should've just sold everything on airdrop day. But, at least I'm still up against holding 100% spot $MON. > Biggest unrealized loss is from LPing $CHOG and
Day 9 of LPing on Monad. Still up against key metrics. Summary: - Haven't done much here these few days. Just chilling as a good wide range LP should. LPing wide ranges is often a waiting game where the patient LPs win. - Wild swings on both $MON and $CHOG these last few days.
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Have been going all in on @drippyfinance The future of DeFi is bright, and we are here to capture it.
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Live for another playtest today. Pushed loads of performance/compatibility fixes and a new sky arena battle stage. Also improved VFX & lighting, still more work to be done but pretty crazy that this is a browser/mobile game lol.
Players can collect pets and battle others in @ExploreOmnia. An immersive world filled with adventures, risk, and a chance to climb the ranks in the grand arena. Available to play now: https://t.co/gAJIrtpE5R
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Today i went all in on @sealuminati and bought the cult leader 1/1 from the collection Project run by a group of OG seals with years of experience in the space. @hornelius is a top tier Dev @richardnhsu is the go to expert on LP's @cook_ees is great with milk and oh yea
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Large private banks and a lot of consulting services are guilty of this as well Most just want more AUM and commissions.
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Classic bait and switch in both TradFi and Crypto is the "high returns but low/no-risk" promise. Most people will downplay the risk to sell you stuff. It's our job as investors to really think critically about how we can lose money with any investment or strategy. Stay safu.
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The product guys say that product is everything. You don't need marketing if product is great. Build it and they will come. Customers should pull the product out of your hands if your product is really good. The marketing guys say that product without good marketing doesn't
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mid month LP maintenance on @prjx_hl. not whale size, just sharing my process. all LPs are trading below my initial entries, so easy decision to compound all fees back in. the new auto compound feature is a massive QoL upgrade. previously: claim -> approve -> swap -> approve
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If you're hedging your LPs with perps and options, it's mostly better to under-hedge vs over-hedge. The reason why is if you lose capital during a big pump, there will be much less opportunities to deploy your stables into to get a good return. On the other hand, if you lose a
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New range presets on @Uniswap is slick. I like how it recommends wide ranges for volatile pairs unlike other DEXs that have tight range presets which usually get users rekt. One-sided presets are nice too, and works exactly like the sim tool we're building at @drippyfinance
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A lot of LPs focus way too much on APR and not enough on profit retention. Higher APR is not necessarily a good thing if: > you retain less profit > you have to pay income taxes on fees > you end up getting a net loss because of too much risk > you spend a ton of time on it
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Built a discord bot (Ɉ. Ⱥ. Ɍ. F. Ɨ. S.) for @sealuminati a while back for holder verification. Today I added sales bot functionality to it. Not a huge milestone or anything. It's just satisfying to see your work come to life. Proud of Ɉ. Ⱥ. Ɍ. F. Ɨ. S. more to come..
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It's funny how some people still manage to hate on me when I've released 150+ free videos on yield farming LPs and crypto. Haters gonna hate.
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