DeFi is breaking my brain

Monday

I was up till 4:30AM last night and I am completely exhausted.

I spent seven hours driving the fam up and back from the mountains for a day of snow fun. Younger got lost in the woods for about twenty minutes, I had to track her down like I was following a Family Circus cartoon. Other than that, it was a nice getaway, and we had fun sledding.

I managed to catch up on my podcasts on the drive, mainly a number of Uncommon Core episodes about options and perpetual swaps. The pieces are starting to fall into place and I’m really trying to wrap my head around some of these strategies for hedging and generating income. Buying puts seems like a no-brainer on long term accumulation targets, especially if the premiums are good.

I spent a good portion of last night on Discord, trying to figure out what the hell I’m going to do with my BadgerDAO positions. I’m up more than 2x right now, and I’ve got to figure out how to rerisk that position somehow. My Klondike experiment was no win, so I’ve got a transaction pending to withdraw my wBTC stake. I also aped into a $RUNE/$ALPHA Sushi pool.

Tuesday

Some guy DMed me last night. Apparently found me cause I mentioned the Gemini API in one of my tweets and he needed my help. He was trying to implement some sort of trade strategy in Python but kept getting the call rejected cause of some issue with a nonce. He was really aggressive and under some time pressure or something. I told him to regen the API keys and he said he could wait and was like “name your price” and I was all like dude, I just want to go to sleep. So I tried to point him in the right direction and apparently he got it worked out.

That’s been happening a lot to me lately, which is a good sign that I’m doing good work in the right field. Looks like the blog posts and tweetstorms are helping people, which is all I can ask. Things are coming together with the Homebrew.Finance chat group that I got going with my friends is growing. Getting all my friends in there. Even got my brother in today. I was telling everyone how bullish I was on ETH — before today’s breakout — and someone said they were going long 5x on Kraken. I asked what their liquidation price was and they were all wut? so I guess there’s more work to be done.

Missus got her second dose of the COVID vaccine yesterday, and had an extremely adverse reaction to it. She’s been in bed all day except for maybe fifteen minutes today, so of course the kids did everything they could to test me. They’ve been disobedient and disrespectful all day, so I put my foot down until they got in line. It was a war of attrition, but I finally got them to pull together by the end of the evening. As a result I didn’t get anything done for work, which is bad because I actually have a project to do.

At one point today my boss messaged me about some billing problem that was costing the company a whopping thirty dollars a month and it took all I had just to keep from telling him have fun staying poor. I’m trying to figure out what to do with six-figures of funds in an animal-themed DAO/yield farm and this guy’s bothering me because of thirty dollars? It reminds me of the old saw from late-Soviet Russia: they pretend to pay us and we pretend to work. Work is basically my side hustle at this point.

Of course, it’s usually when things are going this well that hubris comes and kicks me in the ass. Things are going a little too well, and I’m afraid that I’m going to do something stupid, take a risk or make a bad decision, or the market is going to turn against me. I’m not sure how long this run can keep going, but I’m having fun as hell.

And more good news, my AltoIRA Checkbook+ IRA just came through! We are full speed ahead!

Leave a Reply

Your email address will not be published. Required fields are marked *