X @Token Terminal 📊

RT Matt Hougan (@Matt_Hougan)Here’s one approach when you see a very high yield offered in crypto:1) Accept that the risk-free rate is ~4%;2) If the yield offered is higher than 4%, accept that the market is pricing in risk.3) Write down exactly what those risks are. If you don’t know all the risks, don’t invest.4) Start with the assumption that the market is pricing risk accurately.5) Form a picture in your mind of a very savvy hedge fund investor. He/she makes $25 million a year, has a team of super smart ...