I'm tired of watching noise get more attention than useful projects.
Long stretches where nothing seems to happen, then another hack, another move that feels manipulated. Meanwhile, projects building something useful struggle to get noticed. If you follow this market closely, it wears you down.
So what do we do with that?
If we've still got liquidity, the market keeps giving us opportunities in projects we've already researched and put on our watchlists. That's one reason to keep doing the homework, even when following the market gets tiring.
And while we're waiting for those entries, there's also the question of making more of the positions we already hold.
ethereum:0x365accfca291e7d3914637abf1f7635db165bb09 is one example for me. I've been following
@protocol_fx's weekly veFXN revenue, and seeing it grow week after week has been pretty encouraging. The locker was showing 35.13% APR on my recent check.
Then there's aFXN on Concentrator, another AladdinDAO protocol. It auto-compounds rewards from Convex Finance's cvxFXN, and the displayed APY was a very nice 45.04% 🔄
I've also been spending some of that waiting time on
@FX100Perp's weekly testnet challenges. There's a product to get familiar with and XP to earn along the way.
The team has mentioned that a high place on the XP leaderboard could open up opportunities that won't be available to everyone. With FX100 expected to launch this November, I'd like to be ready to make the most of it when mainnet arrives.
Closing a 100x $BTC short at a loss this week got me thinking about the habits I want to carry over from testnet.
Those first 15 minutes of liquidation protection give me time to work with 🛡️
I still want a setup, position size and exit plan I've thought through. That means looking for an entry I actually want, using limit orders where they fit, instead of opening something because of FOMO.
That also means giving TP and SL more thought. They're easy to leave for later when you're focused on getting the entry right. I'd rather decide those exits before greed starts moving the target or confidence makes me dismiss the downside.
I want to make better use of what I already hold and be better prepared for what comes next. That's what I'm trying to get out of this stretch.