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DeFi mining, leveraged trading? Dig deep into the on-chain activities of crypto billionaires and moguls

23-04-21 19:00

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DeFi Mining, Leveraged Trading? A Deep Dive into the on-chain activities of crypto Billionaires and Bigwigs

Source: Bai Ze Research Institute

Encryption researcher Hoeem recently summarized the activities of some crypto billionaires and trading bosses on the chain, ranging from leveraged trading to DeFi mining. Related cryptoassets include $GMX, $ARB, $SOLID, $EQUAL, $SNEK, $TRX, etc. Baize Research Institute compilation is as follows:

Andrew Kang: Acute sense of Smell

Andrew Kang, co-founder of Mechanism Capital, has a net worth of more than $200 million. Let's follow his portfolio to learn about his on-chain strategy.

Tracking public wallet address:

0 xe8c19db00287e3536075114b2576c70773e039bd,

We can see the $ARB he bought, which has been beating the market, and we can see his trades on GMX. (Please note that this does not represent Andrew's entire portfolio, just one of his public wallets that we track.)

1. Purchase $ARB for continuous profit

He made his first big purchase of $ARB on April 4, 2023, for $1 million.

He made two more large purchases on April 5, 2023, totaling $1,852,000 worth of $ARB.

He bought a certain amount of $ARB before Arbitrum Foundation's new proposal, beating most market participants with returns of about 40 percent. He hasn't sold it yet. Will he hold the line?

2. Trade on GMX

- $563,000 long position with 50 times leverage

- $198,000 short position, 25 times leverage

Leveraged trading is a "dangerous game". There are always wins and losses. It is not recommended to try it, but you can gain some insight from it. Andrew's short position, as observed, is small and recently established.

- Is he hedging his long position?

- He hasn't closed his long positions, perhaps anticipating a brief pullback.

But it's important to remember that leveraged trading is risky, and may just be "gambling fun" for him.

Lafa: Place the eggs in the basket of Solidly ve(3,3)

With a net worth of over $5 million, let's track Lafa's portfolio to learn more about his on-chain strategy. Lafa knows DeFi inside out as he is the founder of the DeFi agreement DEUS.

We are tracking the wallet address is: 0 x83b285e802d76055169b1c5e3bf21702b85b89cb

By tracing the address, we found that Lafa invested a lot in DeFi Tokens, or more specifically Solidly ve(3,3) tokens.

- $SOLID for $2 million

- $THE $560,000

- $185,000 in $SNEK

- $372,000 in $RAM

- $35,000 is $EQUAL

Solidly ve(3,3) would be a good narrative, and while these protocols have rolled out well, their tokens have yet to hit record highs. Solidly is known to have a high APR. The tokens he holds are pledged and he earns a lot of money through bribes, with the amount of money he earns fluctuating slightly from week to week depending on the amount of bribes.

In short, Lafa is putting his eggs in the Solidly ve(3,3) basket, and has been successful so far. It should be noted that many of the protocol Tokens he invests in are his DEUS partners. But is he firm on Solidly ve(3,3) and the tokens?

Yuchen Sun: DeFi Activities around Tron

With a net worth of more than $400 million, let's follow Sun's portfolio to learn more about his on-chain strategy.

We track the wallet address is: 0 x3ddfa8ec3052539b6c9549f12cea2c295cff5296

Most of his holdings are in stablecoins, which haven't changed much in the recent past.

Take a look at his other tokens (worth more than $100,000) :

- $5 million in $TRX

- 88 万美元的 $AAVE

- $330,000; $BTC

- $MULTI of $200,000

- $COMP of $170,000

- $MATIC for $170,000

- $170,000 $CVX

- $DFA for $120,000

- $KCS- for $110,000

$110,000 $SUSHI

Deep tone

Looking at his DeFi trades, we can see that he is offering liquidity to earn income on DeFi:

- TRX/BUSD: $5.4 million

- BTT/BUSD: $5 million

- WIN/BUSD: $1 million

He also earns income by lending assets to Aava:

- USDT: $24 million

- TUSD: $4.2 million

In short, as the founder of Tron, Son is continuing to dig gold in the DeFi through tokens TRX, BTT, and USDD.

Arthur Haye: Love $GMX

BitMEX co-founder Arthur Haye, who has a net worth of more than $500 million, bought $GMX for $17 (it's now $78).

Let's track his portfolio and understand his on-chain strategy.

We track the wallet address is: 0 x534a0076fb7c2b1f83fa21497429ad7ad3bd7587

Arthur has most of his on-chain money in DeFi, and his Token holdings represent a small portion of his portfolio, but let's take a look (earlier selling off half a year's worth of $LDO holdings) :

- $ETH for $80,000

- $48,000. $BOND

- $PENDLE for $17,000

- $14,000. $ARB

Digging into his DeFi trades, we can see that he seems to love the GMX deal, pledging most of his money in GMX and earning revenue:

- Pledged $15.7 million in $GMX

-Pledge $esGMX in the amount of $1 million

$GMX offers Arthur at least a 4.32% APR, all paid in $ETH:

- $700,000 a year

- $59,000 a month

- $1,900 a day

In short, Arthur Hayes has beaten most market participants simply by buying and holding $GMX in most of his portfolio. In the future, when Arthur buys a Token with this belief, you should be aware that you can find it through the on-chain data tool.