What is this about?

Welcome friend. If you found this substack, congratulations. You’re ahead of 99.9% of people across the globe.

This substack educates its readers on the latest developments and cutting-edge alpha in two sectors of the cryptocurrency industry: Decentralized Finance (DeFi) and Non-Fungible Tokens (NFT’s).

The substack is run by three anons:

  • Scar (Twitter: @bowtiedscar): Former M&A & Technology Strategy consultant, US-based

  • Hyena (Twitter: @bowtiedhyena): Full-time crypto investor. Former Private Banker to Ultra-High Net Worth Individuals (UNHWI), Asia-based.

  • Shinobi (Twitter: @bowtiedshinobi): Career Technologist, former experience working for a crypto protocol, US-based

What’s with the Bow Tie?

The three of us met as part of the anonymous crypto-based online community, the BowTiedJungle, inspired by BowTied Bull (Twitter: @bowtiedbull). Anyone is free to join and that’s the point, left to our own devices a few anons found common ground about their passions, resulting in a product that couldn’t have been planned or created without serendipity’s hand. Decentralization wins in the end.

BowTiedBull & BowTiedJungle FAQ: We would recommend reading the below as background so this all doesn’t seem so strange. We would recommend subscribing for his substack as well for excellent & entertaining prose & analysis on Crypto, Macro, & everything in between.

BowTied Bull
BowTiedBull FAQ - Will Be Updated Over Time
Welcome Avatar! Comments are closed for this one. After a long Q&A, we recognize that many of you are *new* to BowTiedBull. It means you’re not familiar with the history of this decade long “overnight” success. So. Below is a FAQ of sorts so the newbies can avoid asking redundant questions. It will be updated and linked to the About page as well…
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Why Subscribe?

The Opportunity

The world is undergoing massive financial & social change at a pace that far exceeds the fastest adopted technology in human history. Don’t believe us? Crypto adoption is running ahead of the internet (113% per annum vs 63% for the internet).

The opportunity in Crypto is GENERATIONAL.

Image

It’s 1998 in crypto terms. Apple, Amazon, Facebook, Google either don’t exist or are in their infancy.

Important Distinction: the potential of a given crypto protocol is much much larger than any of those corporations listed above. Why? This is a TRULY GLOBAL MARKET AND BORDERS MEAN NOTHING.

Pre-crypto, companies still operated primarily in their own domestic markets with some penetration abroad. The US has Amazon and China has Alibaba. The US has Apple and Asia has Samsung. The US has General Electric and Germany has Siemens. The list goes on.

The winning protocols in crypto are borderless & will accrue global network effects without local market limitations. Imagine a Frankenstein Monster of a combined Goldman Sachs, JPMorgan, Barclays, Bank of China, Santander for lending markets. Imagine a combined Amazon, Alibaba, Walmart colossus astride the world. That is the potential of finding the right protocols early.

Are you going to make it? Or let Fidelity invest your money in bonds just to tread water?

Not an Opportunity, an Imperative

To be clear, this just isn’t about making a few bucks. Governments have accrued debt over the last century to unsustainable levels and are responding with the money printer to inflate their way out of the hole they’ve dug themselves with. With rampant inflation looming, the divide between the have and have-nots will continue to grow.

Live look at the US Federal Reserve:

Money Printer Go Brr Jerome Powell GIF - Money Printer Go Brr Jerome Powell  Cash - Discover & Share GIFs

The only way out is by owning assets (positively affected by inflation) so you and your children don’t end up wage slaves and eating grasshoppers for dinner. Unless you’re in the top 5% globally, you probably don’t own any assets and the barriers to entry (cost of capital, accredited investor restrictions) will prevent you from owning in the future. The rich get richer and the gap widens.

To quote the World Economic Forum, you’ll own nothing and you’ll be happy.

We live in a Clown World.

Crypto provides a once every 30 years opportunity for anyone, regardless of wealth and status, to own digital assets that are the future of finance, art, and global economic infrastructure.

Why Not Keep it Simple, Invest in Bitcoin & Ethereum?

In short, because the life-changing 500x returns have been squeezed out of BTC & Ethereum.

Congratulations to everyone who got in early on Bitcoin & Ethereum, the truly early have become wealthy beyond normal human imagination. But as of this writing Bitcoin sits as a $1 Trillion dollar asset, Ethereum is at $420 billion. The potential for a 50x or 100x in a short time frame (18 months) is quite simply gone. The institutions are here, ETF’s will be approved in the next 3-12 months, and the value of being cutting edge has diminished. We might make some maxi’s mad on Crypto Twitter, but it’s the truth.

If you’ve already “made it,” have wealth, or are just comfortable where you are, park your money in BTC/ETH and forget about it for 5 years (not financial advice, do your own research). We still expect ETH/BTC to return 70% - 100% annualized returns for the next 5 years. But if you’re working with a 5k to 100k stack, and want to go farther out the risk curve for those life changing returns, they are out there in a major way.

Why DeFi & NFT’s?

In short, DeFi & NFT’s are still on the bleeding edge of the new Crypto-economy and if you have a system and the know-how, there is tremendous value to be extracted. You are still early.

(Image credit to BowTiedBull)

Would it surprise you to the learn the following?

  • ETH / BTC can be put to use as productive assets within DeFi

  • DeFi-based yield products can produce 500+% APY on good, quality coins

  • Degen Farms (high risk, to be covered in subsequent articles) can yield 100,000% APR for a short time frame

  • Stablecoins (dollars/euros/other fiat currencies) can yield 30+% annually, a little bit better than the .05% annual interest you were getting in your checking account, right anon?

  • NFT’s routinely can be bought for $300 - $1000, and flipped for $3,000 quickly or go as high as $500,000 if you hit the lotto

Quite simply, you have a short window (2 years or less) to take advantage of new DeFi-led financial primitives & NFT’s before the suits arrive and the alpha shrinks.

Basic vs. Paid Subscriptions

Subscribe to the basic to gain beginner-level knowledge for operating in the DeFi & NFT markets. We will provide broad strokes overviews of frameworks, conceptual overviews, but deep dives and protocol / NFT project analyses will be reserved for paid subscribers. The substack will generate two posts / week, with occasional extra posts as the markets moves.

In addition to the deeper analysis, yearly paid subscribers will gain access to Left Curve Capital, our private, invitation-only discord channel. Due to the nature of NFT’s (very fast moving, often need to make decisions on 10 minute time frames), much of the alpha will take place in the discord. Substack posts on NFT’s will be less common than DeFi due to this fact. For those intimidated, Discord is as easy as setting up an email account.

Here, you can interact with the authors in real-time, receive real-time recommendations, and ask Q&A. Simply DM one of us on Twitter with your discord name and proof of subscription and we’ll add you.

Join Left Curve Capital

And don’t subscribe to a future of eating bugs.

Subscribe to DeFi Yield Farming & NFT Substack

Generating passive income in Decentralized Finance

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Generate Life-Changing Income in Decentralized Finance with anon cartons....not financial advice