Linn's Leverage #316
Crypto Alpha, Macro and everything in-between - Possibly/Probably will make you rich but Not Financial Advice.
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Linn’s Leverage is a log of Linn’s research. Linn - only provides spiritual advice, never financial advice - all suffering is caused by ignorance
Linn’s Ledger will provide an update of the main portfolio when rebalancing, Linn also feature small cap / high risk plays. Understand the risks that come with these plays as I don’t want to hear any complaints if they rug or disappear. I’m in just as much risk with them as you. Do DD. Remember to hold tokens over multiple wallets for added security.
Linn is or has partnered with in the past: Hashflow, Smilee, Gammaswap, Metastreet, Silent, Magpie subDAOs, PREMIA, CHOKE, GEAR, Nolus, SOMM and PENDLE. Partnership or not, my views are honest and transparent.
Coinbase:
Tether:
Crypto Watchlist:
BTC Halving:
RabbitX is the fastest perpetuals DEX in DeFi. With 20x leverage, no gas fees, deep orderbook liquidity, and the best UX. They’re mobile app is amazing.
Linn first found out about http://RabbitX.io through BackTheBunny on Twitter, who frequently reminds us of the true spirit of crypto.
Make YUGE profits while also fighting the system. That’s why I back the Bunny.
Trade now: https://bit.ly/rabbitx-linn
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Thena is a next generation Liquidity Layer and DEX on BNB Chain.
When I set out to create Linn's Leverage I felt it was very important to only take on sponsors from teams I strongly believed in and who were creating projects that greatly added value to the space as a whole.
Thena ticks both those boxes, check out all their links at link3.to/thena
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Pendle:
Frax:
Hashflow:
RabbitX:
Premia:
Ethena:
Netmind:
Gearbox:
Frok:
insrt:
Thena:
Kujira:
Nolus:
FTM:
IO.net:
Airpuff:
Eigenlayer:
DYM:
Mode:
FUGG:
Good accounts to Follow:
DOGE:
Penpie:
Radpie:
Solana:
Nomos:
pStake:
Michi:
Nillion:
Hatom:
KMNO:
Pumpkin:
Quantstamp:
Grass:
Modular:
BFX:
Pandora:
Foundation:
Uniswap:
Monroe:
LRTs:
Berachain:
Linn's Ledger:
Everything Linn can’t share in the Public Newsletter: Portfolio Updates, Early Projects/Small Caps, Investment Theory
GM GM readers of Linn,
Is it early to be selling? Yes, but is it a good idea to be selling some of your portfolio? Really depends.
The majority of people really hate the answer “it depends”, but the majority of people are also poor.
They are looking for a blind single off make it all in one trade strategy aka let me copy this person. Forgetting the thousands of factors that they’ve not taken into consideration that way be the case for that person.
Take my personal situation. I currently have between 70-75% of my bags as PENDLE. Will I sell some at some point? Yes, but if I sell $5,000 of PENDLE it may seem like a lot to many, but may only be a fraction of my position and the start of a multi-year DCA out.
I previously posted a strategy of how not to negative impact charts if you are a big bag holder AND at the same time also net a much higher total profit. If you are in a similar situation like myself you may want to look at this.
Here’s a couple of factors playing into why I will be looking to DCA out of PENDLE over multiple years (many think it’s insane that I’ve not sold much sooner):
Pendle V3 is not yet out, in my opinion this will be revolutionary for DeFi as a whole
Pendle’s TVL is in the top 10, however it’s not even in the top 50 mc yet
More and more protocols are intergrating Pendle’s PT, YT and PENDLE token, adding a ton of liquidity and removing PENDLE from circulation
I feel like owning PENDLE is like early days Facebook/Google/Amazon shares, what they’ve achieved so far is just the tip of the iceberg of their ambitions
Linn’s risk tolerence may be higher than most and Linn’s time horizon is much more long term than most
So, in issue 301 of Linn’s Ledger I purchased an additional $5000 of PENDLE and made the note that at some point I will start selling (it’s currently worth I think $14k?) because I wasn’t even meant to use the stables I used to buy it to buy more crypto but it was earmarked to buy real estate.
Once this is sold however I don’t think I’ll have a lot of temptation to sell more PENDLE soon. Readers of Linn’s Ledger will start to see sales of other bags as well in small quantities ($1-3K sales).
Any sales do not mean I’m no longer bullish long term on those projects, you’ll see in my portfolio if I still hold more tokens outside of what was sold. It simply is the case that on many positions I’m up significantly and it is sensible to start to trim the fat here and there.
Some holdings will be “Never sell”, some will be “sell in x years”, some will be “sell in x months” and some will be a continual DCA out or swiftly removed because I feel their underperforming.
Ahhh “it depends” ahhhh sweet nuance…
On to ze alfalfa:
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