QuoinVault

QuoinVault is a hedge fund that earns a return on USD-pegged crypto using decentralized finance.

This page is informational & is not an offer to sell securities.

10/23/2021

The market is crazy overbought. BTC reached an all time high but then a flash crash on a sketchy exchange ( Binance.US ) caused a drop that we still haven't recovered from.

No one knows where the market is going in the short term. Anyone who says otherwise is just selling bu****it. But in the long term I strongly believe that technology will take off. It's still super early.

08/20/2021

DeFi platform PolyNetwork was hacked for $600m in cryptocurrency. The hacker sent half the funds back but has been refusing to send the rest in a drawn out highly publicized saga. I am suspicious. I don't think a hacker would ordinarily continue to message with the hackee and draw so much attention to themselves. The way they have handled this has resulted in most of the remaining funds being locked on many exchanges so the hacker couldn't cash out.

I think either this hack is an inside job (as many are) or possibly it's a ploy by PolyNetwork to raise its profile and get its name out there. I know it seems crazy to purposely hack your own platform but it is the philosophy of no publicity is bad publicity, and people in DeFi have very short memories...for some, it's all about chasing that next crazy return. Other platforms that have been hacked continue to draw in funds.

In DeFi a platform lives and dies by its TVL (total value locked)....if you can't bring in the big liquidity, you are DOA.

Apparently this is the largest DeFi hack to date - I'm actually surprised this hasn't been topped because unfortunately there are a lot of (i) people who just want to make a quick buck and will copy code without auditing it and (ii) pure hackers and scammers who purposely leave exploits in the code so that they can rug pull the funds.

I, for one, would welcome some THOUGHTFUL DeFi regulation designed by people familiar with DeFi...

08/17/2021

I'm considering becoming an Ethereum validator & staking my own ETH. If you are interested in staking with me, I will help you out for a small portion of the returns. The returns right now are around 5-6% a year. If you are bullish on ETH, as I am, this is a great way to accumulate more ETH AND help to make the network more secure and decentralized.

Oh, also, keep in mind that ETH fees are now being burned (deflationary which pushes the price up).

There is an 18-month lock-up to stake your , but I may be willing to let people withdraw early for a fee (since it would essentially be me fronting you your ETH). Anyway I am just now starting to think about this AND I am also knee deep in the middle of starting another venture so this may take me some time to get going.

07/06/2021

Sorry I have been a little MIA recently. I have been trying to get another business off the ground, and the work is endless. Crypto has been relatively quiet over the past few weeks - apparently in an accumulation phase. If I had more capital I would probably be buying ETH and maybe DPI (an index of DeFi tokens) but my capital is all spoken for 🤣).

06/07/2021

Crypto moves FAST. More smart contract transactions are being processed on Polygon than on Ethereum and Binance Smart Chain. I've had (Polygon's token) laying around for awhile and I put some to work on crypto lending platform Aave which is now earning like 21% APR....fees are crazy low compated to . (Fees everywhere are crazy low compared to Ethereum 🤣.)

I think the future of smart contracts is gonna be multi-platform (albeit I *think* will be the leading platform).

To be fair it's a little misleading to compare Polygon and Ethereum because Polygon is a sidechain to Ethereum (a place to process a bunch of transactions which are then communicated to the Ethereum mainnet together in an effort to decongest the mainnet. But it still shows that is bigger than just ETH.

The success of Polygon is actually bullish for ETH because it shows real progress twd decongesting Ethereum and bringing fees down.

06/02/2021

🔶Arbitrum is launching their L2 platform on . Interestingly they don't have a 🤣 which is kind of a bummer because I definitely would have invested.

But props to them for not just having a token to have a token.

Btw an L2 is a way of scaling the network by processing transactions off the Ethereum mainnet. Scaling Ethereum and increasing transactions per second while still maintaining the advantages of and security is the big task everyone is wrestling with...well that and bringing down the astronomical fees.

Many third parties are working on a variety of solutions to this problem. The question is whether another platform can come along and steal Ethereum's grip as the #1 . I personally think Ethereum isn't going anywhere but I also think there's room for some competitors too.🤷‍♀️

05/29/2021

Ethereum is processing over 3x the transactions of Bitcoin a day (btw that number is $54B in transactions every day being processed on Ethereum 🤯). Last week Goldman released a report suggesting that has a stronger future than . I'm not 100% sure but a few weeks before the Goldman report I said I thought Ethereum probably had a brighter future so I guess it's good that agrees although on the flip side I have read some critiques of ETH that it's "just" a utility token.

But it's actually not just a utility token. In the case of some stablecoins like and RAI and LUSD, it's also a reserve asset. I expect to see more uses of ETH as a reserve asset in the future.

Even though the bull market may be over (it's still not 100% clear), the promise of Ethereum and and smart contracts more generally isn't going anywhere.

05/24/2021

So things drastically turned around yesterday and now a lot of coins and tokens are up by massive amounts...50-100% in some cases.

Every time after a massive bull market like the one we just went through (or are still in), looking back, the appreciation always looks so insane. We're talking appreciation of many times for both and ETH since last year, not to mention astronomical increases in mcaps that, for the most part, isn't justifiable on fundamentals or even potential future fundamentals ( being an arguable exception....maybe).

Speculation is out of control. It reminds me of the tech bubble in the late 90s. People just threw their money into anything with .com in the name. Revenue, monetization, and business model not needed. And it blew up spectacularly.

This truth is self-evident: anyone who tries to tell you with strong or complete confidence that they know what will happen in the is full of 💩.

The futures market suggests that this crash may not be over. Even if we've had a very strong turnaround, momentum traders who correctly timed the bottom are going to sell to capture their very nice returns👀👀👀 if they sense the market moving away from them. They're swing traders after all, not investors.

05/23/2021

So...I can't lie - I'm not happy to see this crash 🤦🏼 and I'm not sure whether it will continue or whether it will bottom out. I expect to see hedge funds and whales 🐳 and anyone with additional capital to deploy to take this opportunity to buy some cheap BTC and ETH but I doubt they're trying to time to the bottom... Rather they just believe in the future of and know it will bounce back in time.

I'm in the middle of opening another business, so, even though I'm a little tempted to put more capital in, it probably just doesn't make sense for us right now.

Also always dump super hard when or ETH dumps and I've got some alts, all very solid projects, but I wonder if I should sell them or hodl. Just really hard to know. Tough times out there, I'm not gonna lie.

Im not gonna sell my BTC or or my other . Smart contracts and are here to stay as tech. And ultimately it's about the tech, not the spec(ulation). The amount appreciated in the past 6 months was kind of ridiculous so this isn't a really surprising outcome.

If you have let me know your plans. Hang in there! And never invest more than you can afford to lose, no matter what. And zoom out on your chart (or better yet don't check it at all).

05/22/2021

Is it the end of this bull crypto market?🤔 It seems to be a coordinated FUD campaign of bad news (how many times will China ban crypto?🤣), but usually crypto snaps back up after a FUD campaign, and that's not happening. Hope you bought some cheap OTM puts before this crash...Now IV is way too high.

Volatility in like this is the precise reason why I want to set up my hedge fund, QuoinVault, to earn returns on USD-pegged stablecoins rather than investing in volatile . Sure it won't return 300% in a year but returns in on are like 20-70% depending on coin & platform, and your principal is less at risk. I think expected returns are higher overall with DeFi & stables, at least currently.

Crypto & DeFi as a tech aren't going anywhere. People will continue to build on platforms just like they did during the dark years of 2018 & 2019. And eventually there will be good opportunities to put more capital in once the bleeding stops.

05/19/2021

I'm running out of graphics to depict the massive crash since it goes on and on.🤣 Is this the end of this bull mkt? Tough to know. There were big dumps in the bull markets of 2017 and 2013. 🤷 It could be coordinated fake news by big players for their gain - happens a lot. Or this could be the real end of this bull mkt.

This is even more reason that I like the hedge fund product I am working on - it takes advantage of the fees you can earn on DeFi platforms using USD-pegged so there's not direct exposure to the volatility of like , , etc. It surprises me that big funds like Grayscale and Microstrategy don't use this strategy. 🤫

As always, not advice. Just my thoughts today.

05/18/2021

Slumps like this can be a good time to pick up some crypto at a discount...or if you don't want to put more money in, a good time to move some BTC into altcoins if you planned on doing that because altcoins always dump harder when the market as a whole dumps. Therefore you can get altcoins using BTC at a relative discount.

I am not planning to put more cash in right now because I'm in the process of starting another business. Plus I still think prices are probably high due to cryptomania. I may move some BTC into . Well see. 🤔

Normally I'm very circumspect about selling into cash...I can't even remember the last time I did...years ago. Anyway though I'm considering taking some profits on . It's down to $45k from its ATH of $60k and I've made a really good return on it and maybe it's time to lock some of that in. But... taxes. And what about the long term upside? Plus generally when you sell in a slump you're just handing your to a at a discount.🤦🤦🤦

I probably won't sell. I am usually an advocate of being a long term and not watching the market. I held through many bleak periods.

Anyway not advice at all, just thoughts. If you have crypto let us know your plans.

Address

1999 Pennsylvania Street
Denver, CO
80203

Telephone

+16465989222

Website

http://quoinvault.com/

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