Wealth Mastery #76

In This Issue:

I share my thoughts on the recent hacks and how to build a portfolio that can ride out the market volatility. 

Jesse has a deep dive for you on hot Polka Dot parachain Acala. 

Defi Dad has a tutorial for you on pStake Finance a Cosmos based defi protocol.

Rekt Capital has the latest technical analysis for you on the market. 

Sam has a report for you on photography NFTs. 

Matt talks about Ethereum fees, and how you can keep them low. 

The team from Zone join us to discuss their gamefi ecosystem coming to Algorand.

Hot new token sales. 

Rebecca has all of the latest news for you. 

Jesse has a ton of hot new airdrops for you. 

Rebecca breaks down this week’s trending coins. 

My latest portfolio updates. 

A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.

Also, every issue will contain more information, tips, hints, and analysis than you can make use of. Wealth Mastery is a tool, you are the craftsman. We are not a signal or pump group, we are a tool shop, you decide what information shared here has value to you or not.

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Responses

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  1. Hi Lark, tomorrow (16th) $ride will launch on the maiar exchange. I know you have spoken about this on YouTube, I wonder if you’ll be investing in it? I see there are some farming opportunities as well.

    1. Hi Carl, I am already invested from the presale. I will look at farming opportunities though if the rates are attractive enough 😉
      Pretty bullish on the concept, will be curious to watch how it all plays out.

        1. Well, of course it depends on the decentralized exchange that you are using. If we are talking about the Maiar exchange then there is just a really simple option on their swap page allowing you to adjust slippage.

          1. Ah, right.

            Ok, so you can either use centralized or decentralized options. We covered this is in issue #70

            I will repost here for you

            Polka Dot is finally about to start their parachain auctions. This is a massive moment for Polka Dot and, of course, people are very, very excited to get involved with these auctions, especially considering how successful some of them were on Kusama. The basic idea here is that you take your DOT tokens and use them to back one of the many companies vying for a parachain slot. In exchange for you backing them and bonding your tokens for up to 2 years you will be give a big stack of the company’s tokens. So you get both the tokens and your DOT back after the bonding period.

            First, how to participate will be a top question on your mind. Well let’s look at the options.

            You can, of course, do this directly via the Polka Dot JS wallet, which you can download here. You can then connect to the Polka Dot JS website here. Although parachains are not currently popping up as an option, once they go live, you will be able to contribute via this site. You will simply need to navigate the crowdload option (again, not available yet), and then click on contribute. I would suggest making a small test transaction to both fund your wallet and to fund a crowdloan before putting in a bigger amount.

            The other primary method is via exchanges. Kraken and Binance are both supporting the parachain auctions. You just need to have DOT sitting on your exchange account and then when the auctions open up you can back the auction that you want. Pretty straight forward.

            The third method is via Paralell Finance, which is itself a parachain contender. One of their products is a crowdloan funding service. They are working with a few of the parachains to offer even bigger bonuses. For example, you will get a 10% bonus for backing Acala via their website. Plus, some Paralell tokens. You also get the bonus of being given cDOT tokens, which will give you liquidity on your DOT while you wait for the crowdloan bonding period to end.

          1. the sad part is after just experiencing it out now, the ledger does not participate in crowd loan if you have your Polkadot in your ledger address 😞

  2. Hi Lark!
    Been watching your videos for gosh…idk how long now but finally decided to get subscribed to WM! Thanks for all you do, looking forward to getting into the weeds with this. Been really enjoying farming on the maiar dex lately. Super bullish on holoride which I know you’re also familiar with. I have a question for you. Do you think it’s more lucrative long term to just compound the LKMEX on maiar in the LKMEX farm at a ~600% apr (going to decrease every week until it plateaus in apr from weeks 9-52) or to move the LKMEX into the RIDE farm and earn ~100%apr paid back in RIDE? Would love to hear your thoughts.

  3. Hey Lark, Defi-kingdoms has had a lot of hype recently, they have announced a partnership with avalanche. Any opinions on defi kingdoms as a whole? Also do you think the partnership with avalanche will be a big step for boosting up Harmony?

  4. Hi Lark!!
    Any advice about your top 5 altcoins with the biggest potential gains for 2022?
    I have been hodling for a a while BTC & Eth, but (following your advice), I have some cash reserved for altcoin opportunities
    Would you include VPAD as one of the crypto with high potential for 2022?

    Thank you and greetings from Colombia!!

    Juan Pablo

    1. Hi Juan, I have shared a few videos recently with some high potential coins. Which ones will have the biggest gains? Well, likely the ones with smaller market caps.

      VPAD has potential of course. Really depends on the quality of token sales.

  5. hey hey Lark! Question about stable coins: You almays mention how you want to keep 10% of your portfolio on stable coins to do yield farming, etc. So (actually) two questions:
    1. Do your stable coins come from the initial investment when you make a profit from your investments, plus rewards, etc?
    2. If that’s the case, how do you resist the urge of not re-investing that money into other coins/projects and make more money out of it? 🙂

    Thanks!

    1. Hey, yes, stables come from profits from altcoins. And to your second question, sometimes I do reinvest that money. For example last week I bought some more Aurory. But I do not go all in. Farming rewards are big enough to not need to, and I like having a flexible cash position.

      1. Thanks for the quick answer! Another quick one: When a token is launched, is it better to buy some tokens as soon as possible, or is better to wait a bit until the price is settled? I see a few launching soon like AVG and VPAD and wonder what’s the best approach (and not to give in to fomo too much)

        1. Usually, not always, it is better to wait a few days for the dust to settle. Some coins of course break the trend and just moon. But 8 times out of 10 you will get a better entry later. Best times tend to be 12 hours after first lsiting and 3 weeks after listing. Realistically averaging in is likely the best strategy for a coin you want to hold long term.