My current airdrop farming list. June 16. Liquid farming: 1. Saturn PT-USDat (9.5%) 2. Ecosystem vaults & Turtle (14% fixed APY, 60 days) 3. Figure Markets (6%) 4. sUSDai (7.3% APY S2 points) 5. Rysk (15-30% APY points) 6. Onre (11.9% APY points) 7. Loopscale OnRe/USDC (8% APY points) 8. Hylo (13% points) 9. $PRIME / PYUSD looping (10% APY ) 10. Uniswap V3 ETH/USDT range 1500-2600 (10-50% APR) 11. GMT (10-50% APY $GT) 12. PayFi (12%, Turtle LP deal) 13. BOND (4% APY on ETH points) 14. Huma & Turtle (7% APY on USDC) Trades: $NEAR long. Entry = $1.9. Target = $4.4 $SOL long. Entry = $129 / $70. Target = $153. $BTC long. Entry = $74k / $67k / $62k. Target = $87k. Took profit 20% at $78k. $ETH long. Entry = $1800. Targets = $2500 / $2900 $US / $SLX shorts. Hedging unlocks and my tokens. Prediction markets: - Putin out as Russia president by June 30? Bet: No. - Iranian regime falls by June 30 / May 31? Bet: No. Wrote about all bets on X April 25. ICO: Waiting for @makinafi to launch Key updates: > Ecosystem vaults & @turtledotxyz private deal - fixed 14% APY on USDC for 60 days. Exotic chain, but solid curator and great yield. USDC deployed! > Pulled liquidity from @decibel. Moved to @humafinance & @turtledotxyz . 6-8% APY on USDC. Super liquid. No lockups. > Pulled liquidity from AAVE Mantle. Also moved to @humafinance & @turtledotxyz > Closed $GUN short due to funding. Decent profit, but tons of tokens still locked and chart is bleeding :( > $LIT pumped without me. Grabbed $NEAR at $1.9. Up 20% already. > $BTC / $ETH / $SOL prices at the bottom. @ryskfinance yields look juicy again! Bought BTC via strike at $66k. Closed 50% at breakeven. The other 50% is already in a covered call at $67k for solid APY. > @Neutrl APY dropped to 4.6%. @lista_dao APY dropped to 7%. Planning to pull out, not sure where to redeploy yet > Watching $PRIME. APY dropped to 6%. Looping yield is meh. Might move more into PT-USDat. > Bond & Turtle deal opening soon. Good farm for ETH/BTC. Expecting 10-20% APY with points.

🇲🇨 Part 2. Monaco. Waib Summit 🇲🇨 Why @waibsummit > @token2049? Now for the conference. Went to the WAIB Summit. Didn’t have any expectations. It was only the second edition of the conference. But I was pleasantly surprised. Yeah, like any conference, lots of service companies. But instead of the usual marketing agencies and listing services, almost everything was RWA and tokenization focused: • Tokenization consultants • Asset tokenization infrastructure • RWA platforms • Legal and structuring solutions Most interesting part: tons of people from traditional finance. Wealth managers, family office consultants, investment advisors. Talking to them was often more valuable than chatting with typical crypto folks. Found some seriously useful contacts That said, I didn’t work the event 100% I had major stuff going on with @turtledotxyz and didn’t network as much as I wanted But even with that, average attendee quality felt higher than most big crypto conferences I've been to. For a conference only in its second year, pretty impressive. One issue: price Tickets were ~$700-800 If you don’t have a plan for the conference, it’s better not to attend. Your leads should be converted into clients! Bottom line: If your goal is family offices, wealth managers, and TradFi/crypto crossover - @waibsummit is worth it. If you want strategic partnerships and collabs with other crypto projects? @token2049 and similar crypto conferences are better.

🇲🇨 First time in Monaco 🇲🇨 Thanks, @waibsummit! Quick trip report: First impression: Monaco feels like it's built from three things: • Restaurants • Banks and wealth management firms • Real estate agencies That's basically the whole economy. Monaco is tiny (only ~500 acres) but you can easily spend a full day exploring. Every other car is a supercar. Important: Monte Carlo isn't all of Monaco. It's just one district - the iconic center with the casino, luxury hotels, and narrow streets. We came right after Formula 1, so half the streets were still wrapped in barriers and fencing. Prices hit hard. Main course at a restaurant starts at €35-40. Finding anything cheaper is a challenge. Casual dinner for two without extras? ~€100. Add wine or cocktails and you're easily at €150-200 . Languages: French obviously, but heard Russian and Italian everywhere. Russian more than expected. Part 2 coming... Why Waib Summit > Token2049?

Turtle will be at @waibsummit in Monaco, June 9-10. If you're building internet capital markets infrastructure, from tokenized issuance to onchain distribution. dm @Cryptophileee to book a meeting.

Easy $SPCX short in 5-6 months? IPOs caught the crypto tokenomics disease The crypto plague finally reached public markets IPOs are looking more like TGEs every day Back in the day, companies went public and gave the market 20-40% of shares Now? Instacart ( $CART ), Klaviyo ( $KVYO ), Arm ( $ARM ) all IPO'd with 8-9% float. SpaceX ( $SPCX ) might go even lower: ~4-5% float at $1.75T valuation. We've seen this movie in crypto 100 times: low float → tiny supply → insane FDV → listing pump → everyone screams "moon" → unlocks begin → bleed Except now it's SpaceX shares instead of new L1 / L2 The mechanics are simple: When supply is tiny and demand is massive, price gets pushed way above reasonable valuation. Not because the business is actually worth $1.75T. But because only a tiny piece hits the market, creating artificial scarcity. Then comes the fun part: Lock-ups expire. Insiders dump. More shares flood the market. All that supply flows into the same market that pumped the price at launch. IPOs = TGEs for people in suits OpenAI and Anthropic will run the exact same playbook: → tiny float → scarcity theater → AGI hype → insane FDV → supply drip near the highs Low float is the new IPO meta $SPCX short in 6 months? Boomers stole zoomer tokenomics NFA :)

Tier-2 OTC deals = obvious scams 🚨 Stop falling for "exclusive" discounts. Here's what actually happens: 1️⃣ $FF Q1 2026: Big OTC round closes Late March: Supply fully sold Smart investors? Hedged with perp shorts April 10: $FF pumps 150% out of nowhere No news. No announcement. Just a crime pump designed to liquidate shorts 📉 OTC buyers holding locked bags while team cashes out 2️⃣ $ESPORTS April: Team selling hard via OTC desks • $500k minimum • 40% discount • 3-month cliff Sounds good? May 25: -99% dump Didn't hedge? You got rugged. Simple as that. 3️⃣ $LAB Read what happened to @piggybank_fi They bought $100k of locked $LAB at a "discount" $LAB team pumped the price to liquidate "smart investors" ——— The pattern: You buy locked tokens at 40-50% discount Team gets liquid cash immediately They pump the chart to attract retail Then dump on everyone while your tokens are still locked You're exit liquidity with a 3-month delay OTC deals aren't alpha. They're a trap.

Concentration > diversification Came across a solid @NetworkMedici podcast with @hypersphere_ founder @jackbplatts Jack dropped something important: There are 3 ways to outperform hedge funds: 1️⃣ leverage 2️⃣ illiquid strategies 3️⃣ concentration My take on each: 1️⃣ Leverage When you use leverage, you're not just betting on your idea. You're betting the system won't break. • The exchange won't crash. • Market makers won't disappear. • Liquidations won't cascade. • Infrastructure won't fail at the worst possible moment. Hello, October 10th. Leverage is never free! 2️⃣ Illiquid strategies Memes, small arbs, micro-cap shitcoins, market inefficiencies... Yeah, you can hit 100% returns on small size But the problem: can't scale capital into it And as markets mature, these obvious inefficiencies disappear. Dead-end strategy long-term if you want to scale 3️⃣ Concentration For real 50% returns you can't spray capital across 50 ideas and pray. Diversification only works in a bull when everything rips In a bear you need to find 1-2 strong convictions and put serious size behind it Usually 25% of capital As Stanley Druckenmiller said: "Put all your eggs in one basket and watch the basket carefully" Diversification protects you from being stupid Concentration makes you rich P.S. Caught the $HYPE trade but didn't size it properly. Missed $LIT and $NEAR completely. What now? Waiting for the next narrative... My current setup: mostly concentration with some illiquid plays on the side

69% APR on USDT Cash secured puts on @ryskfinance are finally looking juicy If you're ready to accumulate $BTC at lower prices, good time to sell some puts $BTC strike / USDT APR: → $59k / 10.5% → $60k / 13.7% → $63k / 35% → $66k / 69% Expiry: Jun 12 (9 days)

Perps addiction - activated New entries: $NEAR and $LIT 1️⃣ $NEAR Entry: 1.885 / 1.57 Stop: 1.311 Targets: 4.48 ; 5.2 Risk/Reward ratio : 1:6 Pump thesis: CT cabal is pretending privacy is the new narrative and we suddenly need it. Crime pump just like $ZEC 2️⃣ $LIT Entry: 1.19 Stop: 0.97 Targets: 1.65 ; 2.6 Risk/Reward ratio : 1:3 Pump thesis: The US venture cabal wants to pump its bags. If not now, when do they convince the crowd that $LIT should be worth at least 1/10 of $HYPE’s market cap? Limit orders for NEAR and LIT already set

$CHIP is down 75% from ATH Don’t tell me this wasn’t a crime pump :) Where are all the bulls now?

$SPCX just dropped 44% on Hyperliquid What’s going on? cc: @ventuals P.S. Great arbitrage opportunities - thanks 😋

I’m not a security expert But I do trust the opsec/security experts here, @PabloSabbatella Most recent hacks don’t come from the codebase itself, but from poor opsec among core team members

$SPCX pre-IPO 15% arbitrage? $SPCX valuation on @PreStocks = $2T $SPCX valuation on HL = $2.3T 15% spread between platforms Trap? Or easy profit? I'm in :)

20k $SLX rewards - pretty unexpected, but a big one A lot of people skipped it, but the @solsticefi team delivered! $200M FDV isn't bad at all in the current market Claim: claim.solstice.finance/flow CA: SLXdx4BUt2v9uJQNzWqSfzTJ9UKLUDsvxHFMEEdrfgq One wallet got 20k $SLX drop → $4k at current price Only 20% unlocked for now. Rest is vested. Picked 9-month vesting... Will hedge on perps (waiting for more CEX listings) 🫡 P.S. Shocked it actually paid well!

-$30M liquidation incoming... If loracle.hl ( @loraclexyz ) gets liquidated at $HYPE = $69, HLP might print 2% Quick math: → Realistic backstop buffer: ~$7-8M → HLP TVL: $375M → 8M / 375M = 2.1% hypurrscan.io/address/0x8def…

$PRIME / $PYUSD looping: 25% APY In 34 hours @SentoraHQ PRIME Main will increase absolute cap from 20M to 50M I expect $PYUSD borrow rate to drop back to 3%-4% Current $PRIME yield rate is 7.3% Leverage / LTV / Looping APY x4 / 75% / 18.7% x5 / 80% / 22.5% x6 / 83% / 26.3%

Lets meet and discuss DeFi on May 18! I'll be debating RWA/DeFi risks at @Daoshub Dubai 👉 DeFi/RWA Debate: how the risks and benefits of RWA strategies in DeFi are viewed by @GilgameshODs from @RockawayX, @Cryptophileee from @turtledotxyz and @tuzemooner from @cicada_mm Register: luma.com/8erx6684?tk=EjIrAZ

$HYPE trade 800% (x10) One of the calmest trades in a while Entry was surgical: $26.1 Already hit 2 take profits: → $37 → $46.9 Just clean setup, patience, execution

$POLY airdrop IPO 2 questions: 1️⃣ Why are teams still rage-biting with airdrops? 2 of the most obvious $POLY engagement farming posts are being pushed like they're dropping a checker tomorrow... 2️⃣ Funniest part is how they hyped the "countdown" timer for $POLY IPO from TradingView. Same exact countdown is on ALL pre-IPO companies (Anthropic, OpenAI, SpaceX, etc.). So we're getting 10 IPOs on Dec 31?)) Back in October 2024, Polymarket's CMO @MatthewModabber confirmed the token. Core team members said there will be both IPO and token 👇 Why is CT still falling for this?

I don’t like $STRC products Why? Marketing feels too aggressive and weird It gives me MMM / ponzi vibes But… I still think @saturn_credit and @apyx_fi are among the most interesting DeFi plays on the market rn I don’t want to farm points I want real yield with lower risk So let’s use farmers’ greed: PT-USDat-27AUG2026 → 9.3% APY • $USDat is backed by T-Bills • No $STRC price exposure • Degens gamble on Saturn points • We extract almost double-digit yield from treasuries Interesting fact: Even @strata_markets srUSDat tranche offers 7.8% APY, while PTs are close to double digits After $AI, $MEGA and $CHIP ICO exits, I’m deploying part of my stables into these PTs