GM Friends
Solana just had the biggest airdrop they’ve ever had with Pyth Network, a protocol that some are calling “the oracle of the future” (if you haven’t done so already, you can see if you’re eligible here).
But before you buy into the hype, Jesse has you covered below with a deep dive on Pyth Network so you can make an informed decision.
You’ll also find my portfolio updates and Sam’s top 3 mints of the week.
Enjoy!
PS: For any crypto related questions please comment on the website.
Thanks to Phemex for sponsoring today’s newsletter.
Get exclusive access to the new Phemex Token risk-free through the Phemex Token Bidding on November 28th, 2023 UTC 14:00 – 20:00.
Lock your USDT for PT and have the chance to return it at no cost. Leveraging the Dutch auction mechanics, users have the opportunity to place bids on PT as the price progressively declines, ultimately sharing the final clearing price at the conclusion of the event.
Nothing to lose, don’t be late!
Buys and Sells
I put in a bid to buy more COIN stock at $85.
I added a small amount of Bitcoin to my portfolio from referral rewards from Ledger and Phemex.
I sold my HIGH from my venture investment and staking rewards which have vested. I also sold the MV I received from my venture investment.
I used the money to buy more BEAM and ILV as well as leaving some in cash (USDC).
I claimed my Trader Joe USDC rewards, and I used the USDC to buy more and stake it.
I staked the PRISMA I received from my venture investment into Convex Finance.
I received my PYTH airdrop. Currently holding it and staking here. I may add more if I see a significant dip. Unsure about that though. While PYTH is already seeing large use, I am also an investor in Supra Oracles. So perhaps I have enough oracle exposure. Need to think about that.
I made a venture investment into Fame Coin. An AI avatar agency coin. High risk play.
Farming
I did a bunch of transactions on Syncswap across various layer two networks. As well as doing some cross chain moves on Orbiter Finance.
I used this site to help me deploy some token contracts on Starknet.
I also minted an NFT on Starknet using this site
I used Owlto to deploy a contract on Scroll
Bear Market Selling
I was reflecting today on Decimated. It has now done like a 10X from the price I sold it at. Damn. I capitulated on this bag during the bear market.
The team are builders and kept going. So congrats to them. So why did I fold?
Well, at the time two things were happening.
First, the team was running out of money and seeking to raise from investors which was not great during a bear market. But, I still held after this news came out.
Second, was that Huobi had locked the teams remaining funds.
To my mind at the time, Decimated was on its last legs and could go bankrupt at any time without access to their funds. BUT, they survived.
Just goes to show that investing is crazy. And while my reasons for exiting made sense at the time, the team has come back with strength and will be launching their game soon.
No one gets everything right all of the time. Certainly not me. I mess up all the time. Here is just another example.
Keep that in mind when reading my portfolio updates. I am not an oracle. Just a guy…
