GateUser-bf1e3193

Amidst all of the “defi is dead” talk, two of the stables I track are up in mcap a non-negligible amount over the past month 👀
$crvUSD - up 23%
$fxUSD - up 18.9%

Why is $FRAX up 5.8% on the day when everything else on my watchlist is down?

Within the last 60 minutes, all of CT seemed to have pivoted from being geopolitical / Strait of Hormuz experts to being DeFi experts.
Can’t wait to see to what the next hard pivot will be.

If you have done one of following:
-built a robust credit facility and know how to manage supply & demand of your stablecoin 
-built a liquidity provisioning system, mutually beneficial to participants on both sides: projects vying for liquidity depth as well as token holders 
-built a forex market with complete token holder, liquidity provider and trader alignment 
If so, I likely own a chunk of your token. The choices are slim yet significant here in cryptoland.

I’ve grown to really like fib levels over the past few months of learning. By sticking with mathematics, I eliminate subjectivity, fear of what’s to come and any bagholder bias - and also it is in honor of my Dad, who was a Mathematician; may his memory be a blessing.
Anyway -
$BTC nearly got to .618 fib retrace in early Feb: that level is at $57.7k.
Now we’re chopping around the .5 retrace: 70.7k.
I’d imagine we at least try to get close to .382 - $83.7k if there’s any strength at all this year.
Next levels down if we fail are $39.1k at the .786 fib.
I ignore all news events, and just focu

Thinking about onchain stables - seems like the way to succeed is to become the base pair for blue chips and other stables. Own forex markets across multiple chains as a “base layer” stablecoin. Who’s doing this, you ask?
$frxUSD from @Frax and $crvUSD from @CurveFinance

What are some good $frax farming options? I’ve acquired an initial position but not looking to use additional capital.

I can’t trade the news for 💩 but I am trying to improve my read solely based on levels.
IF -> THEN
IF we can clear $70-74k for $BTC, then $80-83k is up next. If not, then sweep of the lows ($57-60k) is in order. That would also coincide nicely with the .618 fib retrace 👀

The beautiful thing about passively building a cash position is that you can wake up every day for months and have it occupy an ever-growing % of your portfolio.
$usdc $crvUSD $fxUSD

Looking at $AERO PA -
Holding $0.31 on a weekly close is important as that's the .886 fib level; aka the "last stand" for possible bullish continuation.
No market response from the updates yesterday admittantly isn't great - but if there's any time to bid a chart (removing bias regarding the project itself), it's at this level.
If this area fails to hold (a close below high 20s, IMO), then much lower comes into play.
If this level DOES hold and we resume strength against $ETH, then I will repost for sheer clout collection purposes as proof that I bought the local bottom. 🤑
I also think that

Besides splitting up assets into multiple ledgers / addresses, what are other good crypto opsec practices?

The war is doing a wonderful job assisting many charts reach their .786 and .886 fib retracement levels.
👏 👏