2min snip

Crypto Market Wizards cover image

Where are we in the Cycle? w/ Darryl Wang

Crypto Market Wizards

NOTE

DeFi Beta and Decoupling from ETH Beta

DeFi should not be considered as a proxy for ETH beta; it has its own independent thesis points. The concept of ETH beta is unstable, constantly changing in the market. Attempting to play the ETH beta game is futile with minimal profit potential and high risk of being wrong. Different platforms like HEPB, KANDL, OG Optimus, and Arbitrum have their own versions of ETH beta, but having too many betas eliminates the possibility of generating alpha. People seeing DeFi as undervalued may not have the right reasons for their optimism.

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