Weekly Recap 4/17/22 – Tier 2

Portfolio Changes

Unwound my Uniswap UST/USDC position on Ethereum as the interest rate plunged from 13% to 3%. Put the UST to work on Anchor protocol on the Terra network moving it through KuCoin to avoid bridge fees.

Moved the USDC portion of the funds to Midas.investments on the Ethereum network to make 20% on it there.

Other Updates

We will be releasing some chain specific recommendations as Ethereum gas fees are to high unless you are working with a very large amount of money to make it work it. Most activity will be on the layer two Ethereum chains and other alt L1 chains. Long term thesis is that Ethereum will just be a settlement layer for other L2 chains and am not expected gas fees to go down, even after the merge.

It will be too costly for most people to bridge across the L2’s once they get to a specific L2 chain so will try to have a few options on each chain for people to consider depending on where they happened to move funds to.