Hey Cryptofans we love you! Thanks for helping create the final frontier in money vs. governments.
Just wanted to say yee haw - we ackshually were just being drawn to Harvest - mmmm crowd sourced DeFi yield farming, a DeFi yield fund of funds! erm, wait, a farm of farms? Yield farming of yield farming?
Anyway Harvest is a shiny bright object, we were falling in luff again ( and when we say love best believe we mean l-u-f-f LUFF!!!) when suddenly Harvest was hit with a hack, leaving us scared and confused.... well no, that happened back when we looked at Harvest Chad memes. WTF is Chad Farmer free love libertarian going on? These guys are waaaay off the reservation, no signs of going back. Big dog, don't even think about a leash. Got the bit in their teeth, running wild and free. Born free, as free as the Chad walks, free to follow the yield!
But who has time to think about these maniacs? well we do now, thanks Igor!!!
From a meta level, there is a lot to love about Harvest. Funds of funds kinda took the hedge fund world over decades ago. Don't bother to create your own fund, just offer wisdom to do a portfolio of other funds. From a wall street fintech provider POV, we always hated fund of funds hedgies because they never bought expensive research, software, hardware, network, marketing, or other services from the community, they just floated around above with their noses in the air.
Can't argue with the value proposition though. Be nimble and flit from fund to fund, or blend them. Harvest is selling this, picking and choosing among the radically exciting DeFI yield farming offerings. Harvest offers fund of fund yield farming with a huge bolt-on - a crypto community collectively focused through the wonders of staking and voting. Harvest is leading the investments through not only choosing current yield farming offerings, but performing the roles of first round, angel venture capitalists and second stage VC in whatever projects the collective hive mind believes is the way forward to make money. It's a damn crowdsourced venture capital firm in a can, running mini ICO's, baked in with a trading software collective development team. Whaddya want from life? A baby's arm holding an apple?
At least that is what we thought before Igor released the dogs of Publish0x. Now, ok, we gotta do a lot more research and see if the above passes the sniff test, get back in the garage with our bullshit detector, turning it it up full to make sure that it's working. But tonight? in this post apocalyptic world of madness, we thank whatever gods may be for bitcoin rising as the geopolitical sanity crashes. More importantly, right now we thank everyone for the madness of Chad farmer memes. Really, what does it all mean?
Unpack this baby! Remember most of Madoff's clients made money! Remember FDV ( fully diluted value ) is a concept that is off vaguely in the future. Remember the stock markets are going wild off of Modern Monetary Theory, money printed at will from thin air on the might of the US military machine. What used to pass for fundamental research now consists of "buy, buy BUY, it's all going up!" What does make sense these days ? Well, not this. But then again, that could be a metaphor for anyone dealing with KYC / AML or trying to wire funds from a big bank to a crypto exchange. Saint Chad slays the documentation dragon. Ok what DOES make sense? Well, optimism is clearly, provably the best strategy. And wall street always teaches to be opportunistic, and swing for the fences - why hit a single when you never know if you could just step up and hit a dinger...
We love it! Carpe diem (if not trouser trout as well!) We will quit for now, as the next memes we want to chitpost are coming from Yield anyway - aww ok can't resist just one
OK, now we are getting somewhere, it's all obvious right?
see y'all soon, love,