Conversation

SBF

@SBF_FTX

·

Oct 7, 2020

1) I gave a short talk today for Money Dance; a summary:

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Avalanche

@avalancheavax

·

Oct 7, 2020

Official

Today is the day! Come hear @SBF_Alameda discuss the next chapter of decentralized finance. Register for free: http://moneydance.io

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SBF

@SBF_FTX

·

Oct 7, 2020

2) NOT INVESTMENT ADVICE

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SBF

@SBF_FTX

·

Oct 7, 2020

3) If your goal is short-term maximization in DeFi, build an ETH-based yield farm, incentivize buying your token, and sell your token.

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SBF

@SBF_FTX

·

Oct 7, 2020

4) But if your goal is long-term maximization in DeFi -- what does that look like? Basically, getting as large of an on-chain ecosystem as possible, while retaining composability.

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SBF

@SBF_FTX

5) So that means: --scaling really matters a ton --think about the long-term valuable products: e.g. orderbooks instead of yield farms --pay less attention to what's hot right now

4:45 PM · Oct 7, 2020·Twitter Web App

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SBF

@SBF_FTX

·

Oct 7, 2020

Replying to

@SBF_FTX

6) So that means choosing chains with serious long-term value props (

@solana

,

@avalancheavax

,

@NEARProtocol

, etc.) and aiming high with the products; be ambitious. Build each part to be able to scale (product, liquidity, throughput, composability, etc.)

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SBF

@SBF_FTX

·

Oct 7, 2020

7) And it means that, while 100k customers is great, 100m is the goal.

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