Making money in Decentralized Finance

I’ve got to start with money.

APY stands for annual percentage yield.

If you get a 365% APY on a $100 investment, within one year you’d have $365. On average
365% APY is around 1% return a day on your initial investment.

Most of you are getting scammed by the traditional finance system, your “Financial Advisor” is
not as smart as you think, your Money is literally printed by a printing machine, and they can
print unlimited of it.

Your bank at any point can say “No, you can’t have your money”, and they’re being reckless
with your 401k money giving you the scraps.

You’re being scammed, you trade your life force for money, and the people who play the
financial system make money as easily as you will make Money in De-Fi.

Decentralized Finance is the entire Financial system being rebuilt from the ground up, but no
one is in charge.

If it is in fact the Future of Finance, I don’t know.

But I do know BILLIONS of dollars have flooded into this market and made everyone who isn’t
stupid insanely rich in the process.

Just no one knows about it, YET.

Remember, there was literally $0 in this space in April 2020.

I remember when it was less than $1B.

Metamask

To play in the Decentralized Finance game, you’re going to need a Metamask Wallet, so this is
the first thing I will be showing you.

ALL you need to play this entire game is some Etherium in a Metamask wallet.

You can download metamask here.

https://metamask.io/download.html

Once downloaded, you should have it as a browser plugin, here I show you what it looks like
on Firefox

Metamask supports an Etherium Mainnet Wallet, meaning you can send or receive any tokens
that are based on the ERC20 Protocol.

Most Tokens you’ve heard of actually have an ERC20 equivalent.

Below I’ve circled all the coins in the top 20 MC that are either on the ERC20 standard, or have
an equivalent on ERC20.

Blue means it is on the ERC20 standard, Red means there is an equivalent on the ERC20
platform.

Wrapped Tokens

You’ll notice WBTC, this is Wrapped Bitcoin.

This is a token that is equivalent to BTC on the ERC20 standard, or on the ETH blockchain.

There are reasons we’ll go over later about why you would want to hold your BTC on the
Etherium (ERC20) Network. (You can make money)

I’ll go over WBTC briefly since it’s important to see how it works.

https://wbtc.network/

There’s the website, you send them BTC, they send you WBTC. At anytime a WBTC can be
redeemed for a BTC.

Metamask and GAS

Everything you do with Metamask is going to cost ETH, this is how you interact with the
blockchain, everything you do has to be written onto the ETH blockchain, and that requires a
Gas fee.

Gas prices increase and decrease depending on the number of people using the Etherium
Network, so some minutes will be more expensive than others.

Here's an example transaction and gas fees.

When you attempt to do an action on the blockchain the leftmost image above will pop up on
Metamask. If you click edit, you can edit the Gas Price you'd like to pay.

The middle image shows you the estimates.

I always recommend FAST if you need something done immediately based on changing
variables.

Slow can take hours or even days,

Average is usually around 5-15 minutes

Fast is 30seconds - 1 minute.

These are always subject to change, as the gas price is constantly changing.

If you click Advanced for customizing price, you can chose the exact amount of Gas you'd like
to pay.

When you place a transaction you'll notice this appear in your Metamask Activity:

If your transaction is taking too long, you can use Speed Up to edit the amount of gas you’d
like to pay, or even cancel a transaction. Canceling a transaction requires a bit of gas.

You can use this website to see current gas prices:

https://ethgasstation.info/

A Lending Protocol

To understand Gas and play with Metamask, we’ll go to a web3 app (An Etherium Protocol
app).

For our example we’ll use AAVE (You’ll notice they’re the 15th biggest Crypto).

https://aave.com/

The link above is just a regular website, to access the web3 app or AAVE protocol, you’ll need
to click “enter app”.

We will then connect to Version 2

You will then select Browser Wallet.

When you do this, your Metamask should pop up asking if you to confirm you want to connect
to this site, and telling you the permissions you are giving the site.

You’ll notice you are allowing the site to view the address of your permitted
accounts, this is a safe feature. Be careful of the features you allow the
web3 app to do.

(In the Metamask Screenshots above, it is me connecting to sushiswap.fi, not AAVE)

After you connect to AAVE version 2, you should appear here.

Now you can make money!

If you wanted right now, as you can see, you could deposit USDT and receive 11.30% APY for
doing so.

That destroys any sort of return you’d get in a bank!

Welcome to the power of De-Fi, especially since this 11.30% is nothing to get excited about in
this space.

Let's suppose you did want to deposit some money into AAVE to get some very low risk
returns.

In this example below, I’m depositing ETH (Since it’s the only thing I have.)

You’ll notice, once you click Deposit, your Metamask wallet

will open up with the image to the left.

This is where you’ll see your Gas Fee, and you’ll understand
why playing on the Etherium Blockchain isn’t for Broke Boys.

For me to deposit money onto AAVE at the time of writing

this guide, I’d have to pay 0.034688 ETH.

Every move you make on the ETH blockchain will require ETH
to make.

So, you need to take all this into account if you’re trying to
make money in this game.

For example, if it costs me $100 to deposit $10,000 into

AAVE for 365% APY. That would take me 1 full day to break
even (not considering it will take up gas to also withdraw)

So now you understand the basics of Metamask, and understand how

powerful it is. It gives you access to a world where 11% APY is extremely
boring.

THERE IS NO SUCH THING AS FREE MONEY.

I want you to burn that into your brain.

As you explore the world of De-Fi, I want you to understand there is absolutely no such thing
as free money.

Every dollar you make, someone else gave you, money is never printed (except by the FED)

So who is paying you 11% APY?

The reason you get 11% APY on a USDT deposit is simple, someone else
is willing to pay AAVE 17% to use your USDT.

The next logical step is, why would someone be willing to pay 17% APY to
borrow USDT?

An example use case:

Well, let’s suppose you have 100 ETH which is currently worth $600 each and you have to pay
$24,000 in bills but you have no money in your bank account.

Let’s also suppose that you think ETH is going to double in the next month.

This is when you’d use AAVE.

You could deposit your 100ETH as collateral, and take out a loan for around 40ETH ($24,000)
worth of USDT.

You can then use that USDT to pay your bills, and then work your normal job to buy USDT, and
pay back the loan.

For this example, let us assume ETH did actually double during this whole process.

In this example, you made a very good decision by taking out the loan from AAVE instead of
selling your ETH to pay your bills!

In this example, you still own 100ETH after you paid back your 24,000 USDT loan.

Had you instead sold 40 ETH, you’d end up with 60ETH and $24,000 to buy back ETH which is
now worth $1,200 each, so you’d have ended up with 80ETH.

Using a loan from AAVE would’ve saved you 20ETH or $24,000, and all you had to do was pay
17% APY on the loan.

Again, there is no such thing as free money, and you need to understand the use cases.

If no one thought ETH would go up in price, no one would want to take out a loan for USDT,
they’d just sell their ETH and buy it back later at the same price, no no one would be borrowing
USDT, meaning you won’t get such a good return lending USDT.

Here’s a list of common Lending protocols:

https://aave.com/

https://compound.finance/

https://app.cream.finance/

Understanding Tokenomics.
A big reason I KNEW $AAVE was going to go up in value was very simple, AAVE was the first
lending / borrowing protocol I used when I started playing the De-Fi game.

And I wasn't the only one who knew, EVERYONE who played the game knew.

The AAVE protocol as of writing this has 4 BILLION DOLLARS locked in it.

You may have noticed that AAVE will pay you 11% for depositing USDT, and charge 17% for
borrowing USDT, that other 6% is a fee that AAVE collects.

As of writing this, AAVE uses part of that fee to purchase $AAVE tokens. This means that as the
AAVE protocol makes more money, the $AAVE token gets more and more buy pressure,
thereby increasing the value of the $AAVE token.

This is important, when investing, you can think of $AAVE as a share in the AAVE protocol. If
you think more money is going to go into the AAVE protocol itself, that’s going to lead to the
$AAVE token increasing in value.

This is one way to make insane money in the De-Fi space, buying undervalued tokens. We’ll go
over this later in the De-Fi guide.

AAVE for example was an easy 10x, it was an obvious play.

The Basic De-Fi Protocols

There are 3 basic De-Fi Protocols

1) Borrowing and Lending (AAVE, Compound, Cream, etc.)

2) Exchanges (Uni, sushi, etc.)

3) Yield Farming (Yearn, Harvest, etc.)

We’ve gotten familiar with AAVE, and gone over the use case for borrowing and lending
protocols.

Next we’ll go over Exchanges.

Exchanges
The most popular exchange, although it might lose its #1 spot soon, is Uniswap.

https://app.uniswap.org/

This is fairly simple from the user’s side. You just put the token you have, and put the token you
want, it will give you a quote, and you can swap them for each other.

In the above I could turn 1.05ETH into 0.044WBTC.

But how does Uniswap work?

Where are they getting the tokens to give you?

Liquidity Providers
Uniswap exchanges tokens using a pool.

A pool is like a bank.

To swap ETH to WBTC, or vice versa, you’d be depositing ETH into the pool, and withdrawing
WBTC from the pool.

The price of WBTC or ETH is based on the ratio of the pool.

For example,

If you had a pool with 50WBTC and 5000ETH. That means that 1WBTC =
100ETH.

So let’s suppose you wanted to trade 100ETH for 1 WBTC.

The way the pool system works, in its simplest form, is that you will deposit 100ETH into the
pool, and withdraw 1 WBTC from the pool.

So the pool after your trade consists of 49WBTC and 5100ETH. This changed the price,
also known as Price Impact, or slippage.

Now, 1WBTC = 104ETH.

So that’s what’s happening behind the scenes when you make a swap in Uniswap, and you
can actually see what’s happening with the pool when you click Pair Analytics.

Here we can see that this pool has 3,718 WBTC and 87,986ETH, giving a total liquidity of
around $294 million.

The more liquidity, the less price impact on swaps.

So, how does Uniswap get a hold of so much money?

People like me and you (although they’re usually whales), deposit their tokens into the Uniswap
pool to be used for swaps.

Why?

To get a % of the swap fees or Liquidity Provider Fees. Some protocols will even
pay you for providing liquidity.
Remember, there’s no such thing as free money.

Becoming a liquidity provider is one of the most dangerous things you can do in this De-Fi
game, it’s also one of the highest APYs you can get on your assets.

So what’s the risks when you provide liquidity?

Let’s do an example.

I’m going to start a pool.

I’ll create a pool by putting in 10,000 SHIT and 10,000 USDT in the uniswap protocol
using the create pool feature.

So at current price that’s 1 SHIT = 1 USDT.

The Pool now has 10,000 SHIT and 10,000 USDT (1 SHIT = 1 USDT)

I also, really want you to provide liquidity, so I’ll give you 3650% APY on however much
liquidity you add to the pool, I’ll pay you this 3650% APY in SHIT (I can create SHIT tokens
from thin air).

You start off by buying 2,000SHIT for 2,000USDT.

The pool now has 8,000 SHIT and 12,000 USDT. (1 SHIT = 1.5 USDT)

You then want to become a liquidity provider, this means you will deposit the 2,000 SHIT
tokens and 3,000 USDT into the liquidity pool (You need to keep the ratio).

The pool now has 10,000 SHIT and 15,000 USDT (1 SHIT = 1.5USDT)

Since you deposited 2,000 SHIT, and 3,000 USDT, you own 20% of the pool.

This means you’re making 20% of all swap fees, AND I’m giving you 3650% APY on your
$6,000 investment (2,000 SHIT + 3,000 USDT is worth currently, $6,000).

So everyday, you’re getting around 10% APY, or $600 or 400 SHIT tokens!

This goes on for 10 days, and you have now 4000 SHIT tokens and you decide to sell them.

You get 6000 USDT for your 4000 SHIT.

The pool now has 14,000 SHIT and 9,000 USDT. (1 SHIT = 0.64 USDT)

Now, someone else just sold 10,000 SHIT tokens for 6,428 USDT.

The pool now has 24,000 SHIT and 2,572 USDT. (1 SHIT = 0.10 USDT)

Remember, you own 20% of the pool.

If you were to leave the pool now, you’d leave with 4,800 SHIT and 514
USDT.
At current prices, 4,800 SHIT and 514 USDT is worth for a total of $994.

You lost $4006 from your initial deposit, but you gained 6,000 USDT from selling your shit
coins earlier.

That other person who sold 10,000SHIT tokens for 6,428 USDT is also happy.

Me, the last guy in the pool, I’m left with 19,200 SHIT and 2058 USDT.

You two collectively took the rest of my 10,000 USDT I started with, and just left me with a pile
of SHIT.

The scenario was extremely simplified, but shows the danger of becoming a
liquidity provider. A rule of thumb for providing liquidity safely, you should be
happy to end up with more of either token.

This is why ETH/WBTC has so much liquidity, the liquidity providers aren’t too disappointed if
they end up with more ETH or more BTC than they put in, and they are collecting a decent APY
for providing the liquidity (Somewhere around 5-10%).

Here you can see on Uniswap how to provide liquidity or start your own pool.

As you can see, I do provide liquidity to a Uniswap pool DEXTF, you’ll see it later in the guide.

Here’s a list of exchanges I’m familiar with:

https://uniswap.org/

https://balancer.finance/

https://sushiswap.fi/swap

https://www.curve.fi/

Yield Farming
There's all these ways to make money in De-Fi, but it’s constantly changing on which way is
the BEST way.

This is where yield farming protocols come in, the most popular one being Yearn Finance.

https://yearn.finance/

Yield Farming Protocols will find the best “no-risk” strategies in the De-Fi space
and farm them until they find a better strategy.

One week maybe they’ll use AAVE, next week maybe they’ll be providing liquidity to Uniswap.

They are the galaxy brains, they’re just chasing yields, and usually performing very complex
strategies to earn maximum return with minimal risk.

You deposit your money with them, and they’ll turn it into more money
with the maximum return.

As you can see 38% APY on a USDT deposit is possible, and that is unheard of in the real
world.

So how do they do it?

I personally don’t know, there’s definitely a way to find out, but in general yield farms go
through multiple protocols in very complex ways.

For Example:

They will grab your USDT deposit it into AAVE, take a loan out for USDC, use that USDC to
offer liquidity to Curve, use the Curve Liquidity Provider tokens (LP tokens), and deposit those
onto AAVE, to take out another loan for ETH which they then stake on ETH 2.0.

The above is an example of how they achieve so much yield.

NO SUCH THING AS FREE MONEY.

When they do all of this, they’re exposing the capital to more risk than simply depositing USDT
onto AAVE. Every Protocol can have a bug in it that can be exploited by hackers, so in the
above example, if AAVE, or Curve are hacked, they’d lose your money.

In fact, the Yearn DAI vault got exploited yesterday and 11 million disappeared. I don’t know
how the Yearn team decided to compensate the depositors effected, nor how the Vault was
exploited.

Here’s a list of yield farms I’m familiar with:

https://yearn.finance/

https://harvest.finance/

https://homora.alphafinance.io/

https://beefy.finance/ (BSC, not ETH based)

How to profit from De-Fi

There’s two huge ways that knowing about De-Fi can make you rich. First off, is you have
access to insane APY on your capital.

The days of 1000% APY isn’t over, it’s now just much harder to find such high APY that isn’t a
scam. 30% APY is very possible, with low enough risk, if you have a lot of capital make use of
these opportunities. Alpha Finance offers leveraged yield farming, this gives you access to
100%+ APY, but comes with the risk of leverage, DYOR (Do your own research). KeeperDAO
offers a very respectful APY of 30%+ on WBTC and WETH.

The second way De-Fi can make you extremely rich, is by identifying where the big
capital guys are going, and identifying undervalued tokens.

In this world of De-Fi you can imagine each protocols as companies, and their underlying token
equal to a share in the company.

AAVE handles $4b, and the $AAVE token has a market cap of $5.6 billion

BadgerDAO handles $1.4b and the $BADGER token has a market cap of $146 million

So, this leads me to believe that $BADGER is severely undervalued or $AAVE is overvalued

It makes sense that their TLV/MC ratio should approach each other
and fill the gap.
A very useful tool for seeing the TLV (Total Locked Value) inside of a protocol is https://
defipulse.com/

I use https://www.coingecko.com/ to find MC (Market Caps)

You can also use https://www.coingecko.com/en/defi to see the ratio of most coins.

A coin is only as “cheap” as it’s market cap. For example $BADGER is $146 million, $AAVE is
$5.6 billion, $BADGER is literally 50x cheaper than $AAVE, don’t focus on the price per token.

Market Cap is the only thing that represents value.

Comparing TLV and MC is a great way to identify undervalued tokens, you should also think
about use cases.

You want to ride the MC up when investing in tokens.

Badger is currently MC #143 on Coingecko, once it's in top 50, there’s probably better
opportunities out there.

Best example is honestly $AAVE, $SNX, and $UNI. We rode those up from below 100 MC into
the top 20, now we've shifted into projects like $BADGER, $BAL, $CREAM, $CRV, $ALPHA.

Using FTX to leverage long undervalued De-Fi Projects.

An investing tactic I use is trading on the FTX centralized Exchange.

https://ftx.com/#a=7061091

FTX is the best derivates trading platform at the moment due to the flexibility and coins offered.
Most undervalued De-Fi Projects are available on FTX, and this gives you access to leverage.

If you are playing with $100, there is still HUGE money that can be made by
understanding De-Fi at it’s core.
Most people buy Crypto knowing nothing about the actual protocol or why it’s used.

They’re Traders, playing the game based on Price Action (the way the chart looks) instead of
based on fundamentals like TLV.

The great thing about De-Fi is you can look at quantifiable metrics such as TLV, Volume, and
you can see whether a protocol is growing or dying.

When a company is undervalued, it doesn't dump. A protocol that generates $1

million in fees every week will never be worth nothing, smart people will buy
every dip until the token isn't so obviously undervalued.

My investing tactic has been to long undervalued De-Fi tokens with 2-3x leverage on
FTX, you can set a max account leverage here:

You aren’t longing to sell soon, you don't care about dips. You use FTX so that you can hold
$10,000 worth of undervalued tokens while only possessing $5,000 of capital.

You can, in the long run, ignore the price action, if the token is undervalued, it's going to go up.

Projects that are currently very interesting.

With each of these projects, should you decide to put your money into them, I recommend
reading the Whitepapers. Whitepapers are explanations of the protocol and how they work.

Use case:

Good APY for wETH and other tokens.

https://app.keeperdao.com/

Use case:

Mint Fund tokens, and provide liquidity for the Minted token/ETH pairs.

EXTREMELY UNDERVALUED PROJECT.

https://dapp.dextf.com/command-centre

Use case:

Use WBTC to get Digg, provide liquidity for WBTC/DIGG pair, get great APY for holding BTC.

https://app.badger.finance/

Use Case:

Get unbelievable APY on tokens you probably already hold.

USES LEVERAGE, UNDERSTAND THE RISKS.

https://homora-v2.alphafinance.io/

Use Case:

Deposit stable-coins (USDT, etc.) for 1 year, get the entire year’s APY given within 7 days.
Extremely useful to Hedge.

Lock away 100k for 1 year, get 45k to play with in 7 days. 100000x better than any bank
anywhere. Obviously hack risks.

https://88mph.app/

Use case:

Yield farming on the BSC, essentially 0 gas fees, great for anyone with very small bank roll who
wants to yield farm.

https://app.beefy.finance/

Use case:

Good APY if you believe the $CAKE token is undervalued. LP the $CAKE BNB Pair for 200%
APY.

https://pancakeswap.finance/

Use case:

Decent APY, gives sudo leverage, must be bullish on $SNX

https://staking.synthetix.io/

Who to look at.

Follow everyone this account follows:

https://twitter.com/real_lucky_luc2

This is the wallet of a 300million industrial yield farmer

https://debank.com/profile/0xb1adceddb2941033a090dd166a462fe1c2029484

Wallet of another whale

https://zapper.fi/dashboard?address=0x84d34f4f83a87596cd3fb6887cff8f17bf5a7b83

More tools:

Use case:

To see what a wallet is holding and what projects they’re in.

https://zapper.fi/dashboard

Use case:

To see what a wallet is holding and what projects they’re in.

https://debank.com/

Capital Brakets
Someone with $100, has a very different strategy than someone with $5 million dollars.

I’ve played both games and understand the mentalities in each.

$10 - $20,000 Risk it All.

This is the bracket where you should have the highest risk tolerance. If you're trying to make
serious money, you need 10x or higher. You should be aiming for a 2-3x every few weeks or
month.

Understand this.

You only have what the market gives you, you cannot FORCE a 2-3x move. You just have to
hope the world has them popping up everywhere like they are right now and spot them.

In this bracket you'll not be yield farming, or actually using any De-Fi protocols. You need to
identify which De-Fi protocols the whales are using, understand why they use them, and then
buy the tokens.

An Example:

This is the wallet of a 300million industrial yield farmer

https://debank.com/profile/0xb1adceddb2941033a090dd166a462fe1c2029484

This is how I found $BADGER and $ALPHA.

This whale I was tracking was putting HEAVY capital in them. He’s playing the game with
300mil+, he isn’t stupid.

As you can see below, Badger 10x’d in one month, ALPHA was a 5x.

They still have A LOT of gas left to go, they’re sub 100 MC.

You can then add onto the opportunity here by holding them with low leverage in FTX.

So lets say you started Jan 7th, you have $100.

You buy $100 of $BADGER and $100 of ALPHA at 2x leverage. (Conservative, 2.3x is around
where you want to be)

That means you have 12 Badger, and 238 ALPHA.

We're going to ignore that you should be buying more as the price increases, keep your
leverage around 2x.

By the end of the month, you'd have $840 worth of Badger, and $666 worth of Alpha.

That's a 15x gain in one month.

And it was an obvious play especially in hindsight.

You risked losing your $100 if the price of BOTH dropped down 50% from where you bought,
which never happened the entirety of the month.

$20,000 - $250,000
This is where you can start looking at higher risk liquidity providing or yield farming.

You're aiming for projects where there is 100% + APYs on coins you believe will go up.

A good example for this was pancake swap CAKE/BNB pair.

https://pancakeswap.finance/farms

This started in August at an insane 2800% APY, you risked buying CAKE, so your risk was and
is, if CAKE goes down. That was a big risk in the wild days, you had to be a visionary and see
that BSC chain is a serious competitor to the ETH blockchain and pancake swap was the
Uniswap of BSC.

These are good with larger capital because 200% APY is respectable, you win as long as the
price doesn't go down.

When you do these farms where you’re exposed to the token you’re being paid in, I
recommend dumping some if not all of the rewards, this is to hedge your bets.

Remember the SHIT story?

You only made money because you sold your SHIT, if you didn’t sell those rewards, you’d
have been at a loss!

The risks are massive however as you can see in the Liquidity Provider example I showed you
above with SHIT and USDT.

$250,000+
This is when you should really just be looking to maximize your portfolio instead of finding new
things to add to your portfolio. If you're sitting on 30% BTC, 30% ETH, 30% LINK, and 10%
USDT.

You have tons of potential you aren't using.

You could turn some of your BTC into renBTC and offer liquidity to https://app.keeperdao.com/

You could swap some ETH for wETH and provide liquidity on Uniswap for the ETH-WETH pool.

If you didn’t mind losing potential upside, you could provide liquidity for ETH-LINK, ETH-
WBTC, LINK-WBTC.

There’s yield potential on all assets, even if only 5%, that is better than your current yield for
sitting on the exact same assets, which is 0.

I’d also recommend looking into DEXTF, which allows you to make a fund token, make it a fund
of your long term holds, then provide liquidity for your fund token and ETH or USDT or WBTC.
Now you hold your funds while they’re farming you DEXTF tokens.

The idea of being able to put the tokens you hold anyway into vehicles that give you yield
starts to become very attractive in this range. Especially leveraged Yield Farms like $ALPHA.

Another strategy that is currently viable is putting 100k deposited into MPH88, locking it up for
one year, and getting paid in 7 days 45%(at current rate) of the value of your deposit.

This locks up your 100k for 1 year, BUT, you can now gamble with that 45k you just got for
free.

Every tool or project mentioned in here has been placed above in the guide.

Around 100k liquid, I recommend hedging your crypto exposure with some FIAT. We use a
Forex Bot that’s available to all War Room members, it’s live performance history can be found
here

https://www.myfxbook.com/members/realPalmFX

There are ways to make decent 60-70% returns on your USDT or dollar backed tokens, BUT,
it’s not really a crypto hedge since the APY will go away once the crypto market starts to go
down. This is why fixed APY returns like MPH88 are so powerful if you’re trying to use use your
profits.

I’ve yet to find a better liquid return on FIAT than the Forex Bot above.

The Principals
It’s all about risk reward, and supply and demand. That’s 100% of the guiding principals in
investing.

Risk and Reward.

What’s the worst case scenario, and how do I reach there.

What’s the best case scenario, and how do I reach there.

And look at everything in between.

Example:

DEXTF is a fund protocol, a fund is a collection of assets, DEXTF will pay you for making a
fund, and facilitating the trade between your fund and ETH (or USDT, or whatever)

Here’s the logic of why this is a very very good risk reward.

I hold ETH, LINK, SNX, etc ANYWAY, I already have the risks that those tokens might go down.

The only additional risk I take is the gas costs for doing all this, and if the DEXTF protocol has a
bug.

My reward is, free DEXTF tokens, (On a 50k investment, we’ve been paid, so far 300,000
DEXTF tokens currently valued at $1 each)

So, turns out the reward was amazing.

But that’s the process you should go through with any investment, what’s the risk, and what’s
the reward. Is it worth it?

The rewards are always very obvious, you’ll struggle the most figuring out the risks involved.

Supply and Demand

Why will people want to buy the token, why will people want to sell the token.

Why people will want to sell the token is always extremely simple, they want money to buy
stuff.

Why people will buy will always be the complex bit and you’ll have to try to understand who
would buy it and why.

Most of the time, you’ll need to use Supply and Demand, to understand the risks involved in a
token.

Governance Tokens
I want to go over Governance tokens, because I missed out on millions of dollars by not
respecting the value of a Governance token.

Listen, 90% of the tokens you see, are just governance tokens.

They give you a vote in the protocol (Company)

Like a $BADGER token gives you a vote on the badger.finance protocol.

“Why do I want a vote? I only care about money, what OTHER reason is there for people to buy
$BADGER”

That was my logic, and if I ever got a governance token for FREE, I’d just sell them all for
money.

I did fine, and short term, it always looked like I was right, but after a few months, 100% of the
time, the price of the token went above what I sold it for.

Why?

Because in the future, it’s inevitable, that everyone who holds those tokens will vote that they
want a % of the money that goes through the protocol to go to them, the token holders.

So now, my current philosophy is that I consider governance tokens a % in the fees the
protocol makes, even if that isn’t currently the case.

Risk Management

I’m a believer in Nassim Taleb’s Barbell theory.

90% of your portfolio should be in VERY VERY safe investments, and 10%
should be in high risk investments.

Personally, to me, which I could be wrong, I consider $BTC, USD and MAYBE $DOT,
very safe investments.

USD, I would make a blend of $USDC, $BUSD, and money in the bank (FIAT currency).

$USDT, $SUSD, and $DAI are either complex, or have some FUD involved, so I consider them
riskier dollars. (I’m a fan of $SUSD because I theorize it should be worth more than $1, but
again, it is a riskier dollar)

$USDC and $BUSD both are backed by very successful companies, and money in the bank is
traditional. (Although, the bank could freeze your account, so I consider them riskier too)

There’s going to be some complexities in what I consider very safe versus what you consider
very safe.

Example:

I consider a USDC deposit in AAVE, very safe.

I considered DEXTF fund LPing, very safe.

I consider USDT/BUSD LPing on pancake swap, very safe.

BUT I COULD BE WRONG

All the protocols (smart contracts) in the above example have been audited,
which means a team of security experts have read through the code, and deemed
it safe.

Since every protocol in the De-Fi space has smart contract risk (hacking risks), even just
holding money in your Metamask has risks (If you have a virus on your computer somehow),
the best way to combat this is through diversification.

If you are playing with large capital like I do, diversify over protocols. Better to put 1 mil
over 5 protocols that average out to 23% APY than 1 protocol that does 40% APY.

This applies to Metamask wallets as well, if you’re playing with heavy capital, buy 5
laptops, all with their own independent Metamask wallets.

And finally, if you’re poor, don’t worry about the 90-10 rule.
20k isn't gonna change your life.

Approach the 90-10 rule as you approach life changing money.

If you’re at $100, maybe do 0-100.

Get to $5,000 maybe do 10-90.

At $50,000 now? Maybe change it to 50-50.

Reaching $100,000, I’d start to be more conservative then risky, so let’s say 60-40.

These are just examples, I do not know your risk tolerance or how much $100k will change
your life.

The risky side of the barbell strategy, you should not be sad if it all disappears, that’s
the point of the barbell.

Scope
There’s many projects I believe will do extremely well long term, but you SHOULDN'T invest in
those, not if you’re trying to make money.

You want to invest in projects that you think the money will flow into NEXT, so you're really
looking for projects that will make money in 1-3 months time. Maybe people will only
understand how good a project is in 6 months, in this case, there's no need to have all your
capital sitting in that project NOW, better to have your money in the next winner, ride that
winner up, and jump ship in 6 months to THEN go into that initial project you found.

Money will flow to what makes them money TODAY or SOON, not what will make them money
in 3 years. When I refer to money in this case, I'm talking about TLV.

Example:

Project B is useless now, but in 5 months it will launch something GAME changing.

Project A is very useful now, and still isn't very well known.

You should put all the money in Project A, while keeping an eye on Project B.

More people will start to hear about Project A, and you’ll be making money as people finally
realize what amazing utility Project A has.

Eventually, you’ll start seeing Project B get some attention, maybe 2 months before their
launch. YOU ARE STILL VERY EARLY.

Keep an eye on the attention Project B is getting, but stay in Project A. Project A is useful
NOW, millionaires are using Project A NOW, and the TLV continues to skyrocket.

Around 1 month before Project B launches, you may want to ditch Project A, since around 3
months out, everyone who has big money is already in it, and there won’t be much more
money flowing into it, so now is a good time to move on.

This is very important, it’s about opportunity cost.

The cost for sitting in Project B while Project A is blasting off, is a waste.

Maybe Project B has some set backs, you can’t know. Find what is not well know, but making
people money TODAY. Don’t worry about the super speculative stuff, if you do, put very small
amount of capital in it.

Other Chains
Metamask doesn’t only work with Etherium, it works with other blockchains as well. The
biggest competitor being the BSC, tutorial here:

https://docs.binance.org/smart-chain/wallet/metamask.html

The Crypto used for gas on BSC is BNB instead of ETH, and gas prices are negligible on BSC,
but there’s also MUCH less projects being built on BSC versus ETH. Same principles apply,
what I show in this guide is blockchain agnostic.

Final Tips and WARNINGS.

Now you have to be curious and play around with it.

You already have enough tools to make informed smart decisions based on how much capital
you have.

Remember, there is no such thing as free money.

For every seller there's a buyer, but also, a lot of people in De-Fi are amateurs. A lot of people
taking way too much risk for not enough rewards, if it feels too good to be true, it just might not
be.

If you’re putting your money somewhere, you should have a very good idea of how you could
possibly lose money, this includes everything about the money.

This game is a lot like chess.

With effort, you can see how it all goes wrong, you can truly know the risks, and
play accordingly.
If your computer gets hacked, the crypto on your Metamask is extremely exposed, if they
control your computer, they control your metamask, they control your tokens.

Protocols DO get hacked, two yield farming strategies I’ve used in the past have been
exploited, luckily I was not in them at the time.

Cream Finance Iron Bank

Synthetic USD

Binance Smart Chain

Polkadot

Remember, this is on ETH now, but it can move to other chains. De-Fi has just begun.

Every Project I listed in this guide is subject to change, but the principals and what you’ve
learned is forever.

What’s next?
De-Fi moves extremely quickly, I spend my full time researching and
searching for the next protocol, or token that goes 10x.

Everything above, when it comes to the specific projects that are great
right now, I have no idea where they go in 6 months, and no idea where
they are when you read this.

This is why I focused so much on the mentality and system I use.

Everything I’ve given you above is everything you need to know about De-
Fi. You will make insane returns if you apply everything I’ve said above
correctly.

This world is fast moving, but that’s why there’s so much money to be
made in this.

Even with $100, you can make serious money in this game.

If you want to follow my exact moves or ask me any questions, join

the War Room, I have a section within the War Room where I tell people
which projects I’m going heavily into and when I’m getting out.

For those who are too busy to put in the work, I offer my services entirely
free for War Room members.

I’m also open for any questions inside the War Room.

This guide is a tiny fraction of the wisdom that can be found inside, this is
just one member writing down what he knows about one aspect of crypto
investing, and anyone of you reading this can 5x your crypto portfolio this
year following everything I’ve mentioned in this guide.

USE IT.

This guide is a small example of the power of a network.

Welcome to a powerful world you didn't know existed.

I do hope this makes you understand,

You don't know what you don't know.

https://www.cobratate.com/war-room

P.S. Read this document through multiple times, don’t skip a single
word, and this is not financial advice. You are entirely responsible for
any money made or lost in this game.

You also have access to an EXCLUSIVE

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