Eggg yolk, what’s the word with the new week in the barracks of the Chico Army, and
of course any newbies, just a viewer of the tube.
If you were wondering, I’m the host Tyler & this is the crypto channel whose razzledazzle,
always makes a delicious treat….
Well, this is
something we have to talk about, as I’m sure those sitting in the driver's seat of
global power in finance 1.0 & crypto exchange owners, are talking about it too.
The growth of DeFi...total value locked within protocols is on a tear lately, with DeFi growing
from under 1 billion 3 months ago, to over 4.4 billion over the weekend.
Outstanding & almost unbelievable, with some people calling this the DeFi bubble that will
pop.
Possibility, but we have actually already had 1 DeFi bubble, and it popped….expanding
out DeFi chart over the past year, DeFi peaked at over 1.27 billion in February, and by Mid
March it was only 555 million.
Now even back in March, during the market wide crash, which popped all bubbles, DeFi
was even younger than it was today.
Literally, half the protocols, weren’t even around in March, and there launches were the
product of the countries slowdown.
Developers staying at home, with nothing to do!?
Whadda ya gonna do!?
Code..
And code they did.
Per example, DeFi pulse at the peak of the last bubble in February of this year, just
before the March panic.
DeFi pulse was tracking a total of 21 projects.
Today that number is 37...and DeFi pulse, isn’t listing everything out there….there
is a whole hell of a lot more.
It could be a bubble, where it comes crashing down, but in There’s an opportunity to seize
the next financial revolution &
Uniswap….as it has been surging and surging, and taking market share from it’s centralized
counterparts.
Now the outstanding statistic is the fact that the swapping protocol has stayed over
100 million in volume, over 24 hours, for the past 2 weeks.
Each day, with some days higher and on August 1st, 2 Saturdays ago, it reached its peak
of 200 million 24 hours.
Which if we expand out the chart just a bit more, since the beginning of June, the growth
is obviously explosive.
Volume just in millions then, but in just 2 months, we are in the 100s of millions?
That is exciting, because I love decentralization & knowing the centralized puppet masters are
squirming seeing this, and scrambling to think of how to compete.
Now I know, I made a video on Monday, about Coinbase listings, and those still will be
important in the short to medium term that is exactly why I covered the topic...but the
tides are turning against the likes of the base & I couldn’t be happier.
So, why does Uniswap have that much volume?
Simplicity, ease, and the security factors of course, swapping happens all from the comfort
from your hardware wallet & you don’t gotta sign up for an exchange.
If you are ready with all the tools needed, ethereum and metamask, a swap can be down
in 30 seconds or less.
Well Uniswap released at the end of 2018 & had that, for a long time, yet volume never reached
where it has been recently.
It has to be something else...and it is.
It’s because of access to altcoins, which Coinbase or other centralized counterparts,
cannot list, have not listed, or will not list.
Going to Uniswap and sorting by coins with the top volume, top altcoins, are DIA, a new
oracle DeFi coin, ampleforth, yearn.finance, trust swap, defipie, etherverse, bzx protocol,
sora network, and others.
For each of these coins, uniswap was usually the first to list it for swapping, through
the creation of liquidity pools.
And one of those in the list, top volume, is a recent top pick of mine, XOR, sora network,
as they are actually building a cross chain Uniswap, called Polkaswap, for the Polkadot
ecosystem.
And since the July 16th video, in which I revealed the pick, XOR has blown up from just
over a dollar, to over the weekend to got over 100 dollars per coin.
That is a pure example of the power of Uniswap, the retail investor with a dash of FOMO thrown
in.
By the way I do not recommend buying the top to anybody…But DeFi, easy listing integration
on Uniswap, that seems to be the recipe, for the rocket boosters as of late…
Sooo, where do you find these new projects?
How do you know what coin will be added to Uniswap & if it is any good & not a pure scam?
As with Uniswap, anyone can list a token, and create liquidity pools, because it’s
trustless, creating trading freedom for both token projects and traders, yet gives nefarious
actors that same freedom...the protocol does not discriminate.
Well you gotta use a combination of resources, and of course DYOR-do your own research which
takes some time & effort, as nothing comes easy,
So, number 1..you have to know what is being listed on Uniswap?
If only there was a nice tool to notify you of a new Uniswap listing.
Well there is, but you have to have Telegram to access it & it’s an announcement channel,
and it’s called Uniswap Instant Listings, of course link for it is in the description.
What I like about this is it provides the link to Uniswap, but also the etherscan smart
contract link, and a liquidity amount in USD.
Now you can’t just use this, and begin trading on Uniswap unless you want to get REKT.
Like mentioned, nefarious actors can & will take advantage of Uniswaps open listing and
trading, and they are.
Most of these listings are going to be scams, that is why you NEED to research each and
everyone.
Take the time to inspect the smart contract….for example, just yesterday, a new coin was added
on the channel, the SANDBOX, hey...a new binance IEO...that one should be a big Uniswap listing
right?
Well let’s just go back to the channel, and scroll up….just 7 hours before the 1st
the sandbox, another sandbox was added, and just hour before that...another.
Huh?
What is the right one?
Well, it’s not trading my friends, the Sandbox is still in IEO status with Binance, so all
those listing, are most likely scammers, trying to take advantage of people who don’t understand
that….now you may ask yourself, why doesn’t the channel censor these?
Well it’s just a bot, that takes Uniswap data from Uniswap contract creations, which
you can verify are correct on Etherscan and pust it forward, it does not filter...you
have to do that.
So how do you filter?
Well gotta use more tools...one I like is Pools.fyi, which aggregates liquidity pools,
to see which are a moving and a bubbling.
You gotta put on the new filter, and then filter by Uniswap v2….finally I like to
sort by liquidity, highest to lowest...and now, you can start searching….you wanna
see good liquidity, but also good volume, as they can have a big pool, but no one trading
the token...so going to page 2, there is one that hits my radar...SBREE, as it has a solid
liquidity pool, but the volume is crazy high for that size, over 1.3 million 24 hours.
Bubbling?
Hmmmm something sounds up with that….so it’s time to DYOR into SBREE….now a good
place, for brand new coins, not necessarily Uniswap focused but marketwide, is the subreddit,
cryptomoonshots.
Of course link for it is in the description.
Now, to see if there is any recent discrussin going on here, just use the search tool & make
sure to limit your results to the moonshots subreddit.
Search by sbree, and hmmmmm nothing comes up.
Most people would stop there, but you gotta keep looking, Now, s infront of a token, sometimes
means synthetic, as in an asset on synthetic network, so maybe just searching by bree,
something will come up.
And looky there, a post, only 7 hours ago, which is titled “ Please DYOR: CBDAO is
Maker & Yfi on steroids” Hey...now going into the post, we can see its from the coinbreederDAO,
and there is a comment, and there it is Bree tokens, and the commenter states, Synthetic
BREE ($SBREE) on Uniswap will be swapped out for $BREE….
You can’t trust a commenter though, so again we gotta use another tool, the trusted ole
google search, and search for sbree.
As we can see the 4th result is on the CBDAO, a medium post from coinbreeders, so check
that this is from the team...and then searching by sbree, we come to this in the post regarding
token allocation and 40 percent being dedicated to liqudity.
It says “This has been counter-proposed by the community and we will be listing BREE
at the average price of sBREE on the day of listing (fixed amounts of 338 ETH worth at
current prices) and the leftover liquidity allocated tokens will be burned.
Average price is determined by considering the price of sBREE on a daily basis until
the swap date.
Twice sbree is mentioned, and there seems to be a swap going on.
So let’s go to their website...and it says this “Token Sale has ended successfully
and BREE will be deployed on the mainnet at the end of August, upon successfully conducting
audits.
All sBREE holders will receive BREE automatically via an airdrop and a snapshot will be taken
24 hours prior to the BREE token contract deployment.
So that is why it’s bubbling, SBREE, they get airdropped the actual BREE tokens...that
is why the Uniswap volume for Sbree is so high.
Now, you can’t just stop there, see data points, high volume, high liquidity, and think
it is going to be good.
That can be faked….
You gotta make sure there is hype.
Now, I wanna go back to the cryptomoonshots post, and the commenter said this “This
is a real gem. 4chan is getting onboard.
Genius idea for people with YFI/COMP/BAL/SNx.
So, big stuff, if 4chan is going to start shilling it & it’s concept if focusing on
some of the most hyped DeFi protocols right now.
So is it being hyped by the chan?
Well going to Biz, we can see that yes there is a post, and clicking into it...it is very
popular, highly commented on…..just one post though, we have to confirm there are
more….using google again, and searching by cbdao 4chan, and then clicking into 4 chan
results, we can confirm that the coin is being hyped and shilled on the chan over the past
few days.
Recipe for success?
Well I’ll tell you sbree is one I have my eyes on, and I’m going to continue to DYOR
into coinbreeder and CBDAO, this is not a coin pick of mine yet, as there is a lot to
uncover still, this is a DAO project, so the team is still anonymous...that is a flag...
I’m just showing you how I do my research.
Cheers viewers I’ll see you next time!