Del Peas

I shared something similar to this in the @PeapodsFinance telegram, in response to questions about the risk of participation in leveraged volatility farming. It was well received so I will share here as well. --- The liquidated position began early in LVF's history with high leverage, before caps were tightened. The trader meant well, but as leverage limits dropped, unwinding became impossible unless the token rose. When it fell, liquidation was inevitable. This won’t repeat because: A) leverage is now capped lower, and B) building such a large position in $PEAS would now cost millions, unlike when the token was under $1. I knew the risk, believed in PEAS. No crying in the casino, I’m taking my losses and rebuilding my position because: 1. My thesis remains: the market will be podded, and I’m actively onboarding projects (e.g., Wild Pod, Pnkstr Pod, more soon). The interest from both projects and communities is obvious, and the daily revenue on the protocol backs that up. 2. This is valued like a pre-seed startup with a napkin doodle of thier vision, as a VC investor, the mismatch of progress to valuation is an investor dream. 3. The massive leveraged position risk is gone, so I can invest and participate in LVF without that overhang. 4. Alt season hasn't begun, the value and volatility that will generate will trickle down to peas holders from revenue led token buybacks, to distributions to future VIPeas holders. All in all. I took a hit yesterday during the cascading liquidations no doubt. The trenches are not for the faint of heart. I didnt hesitate to buy back in and will continue to do so. Plus we still hold $1m+ position in $peas at @RedBeardVC, and increased our position under $2 yesterday. We will continue to dig in and support the team as best we can. RBV doesn't participate in LVF, I leave the degen experimenting to my personal bags. Thats how I learn. Onwards