Research Summary
The report features a guest post from Shui Tangs, a crypto enthusiast, who shares his journey in the crypto world and his perspective on success in the sector. The report also introduces Lynex, a premier liquidity layer on the Linea blockchain, offering advanced liquidity provisioning solutions.
Key Takeaways
Shui Tangs’ Journey in Crypto
- Introduction to Crypto: Shui Tangs was introduced to crypto in 2017 through a friend in the CS:GO skin trading community. He was fascinated by the idea of an open “gamified” financial system.
- Learning and Loss: Shui Tangs absorbed information from various sources, which shaped his economic understanding. However, he lost his portfolio due to overconfidence.
- Perseverance and Success: Despite the loss, Shui Tangs persevered, took odd jobs, and turned his back on speculation. His skills from his CS skin trading paid off in 2021 with the rise of DeFi and NFTs.
Defining Success in Crypto
- Two Camps in Crypto: Shui Tangs identifies two camps in the crypto sector: Tourists, who are here to experience and make money, and Residents, who want to build and help move the space forward.
- Success for Tourists: For Tourists, success can be defined monetarily, through coping mechanisms, or by leaving the market. Some outcomes leading to success do not require a positive PnL.
- Success for Residents: For Residents, success is not about reaching a finish line but about enjoying working in the space and pushing it forward. It’s about finding purpose.
Lynex: A Premier Liquidity Layer
- Introduction to Lynex: Lynex is a premier liquidity layer on the Linea blockchain, offering advanced liquidity provisioning solutions, including ICHI single-sided staking pools and various automated liquidity managers.
- Community Engagement: Lynex’s standout veLYNX voting system empowers users to influence emission rewards, enhancing community engagement and profitability.
- Position in DeFi: With impressive revenue metrics and high returns for veLYNX voters, Lynex is well-positioned for substantial growth, making it an excellent choice for both new and experienced participants in DeFi.
Actionable Insights
- Understanding the Crypto Journey: Shui Tangs’ journey in crypto provides insights into the highs and lows of the crypto world. It emphasizes the importance of learning, adapting, and persevering in the face of losses.
- Defining Personal Success: Shui Tangs’ perspective on success in crypto can help individuals define their own success in the sector, whether they are Tourists or Residents.
- Exploring Lynex: The introduction to Lynex highlights the potential of advanced liquidity provisioning solutions in the DeFi space. It suggests the need to explore platforms like Lynex that offer innovative approaches and strategic developments in DeFi.
