Video Overview
Creator: Taiki
Main Theme: Analysis of the crypto market focusing on Canto, Blast, and the broader implications for DeFi.
Watch the full video.
Notable Quotes
- “I am proud to announce that I am not an AI.”
- “I’m actually pretty bullish.”
- “I’ve made $0 from YouTube running ads. No sponsorship deals.”
- “Real yield. And it’s enabled because, yeah, like, through this infrastructure that they’re building.”
- “I think this blast significantly benefits maker. And I’m, you know, everyone knows I’m a maker bowl.”
- “If you’re a DeFi bull, you want DeFi TVL to hit all-time highs and eventually a trillion dollars in TVL.”
- “Give it to the DGENs. Give it to the people.”
- “When Taiki threatens to go bald, it’s the bottom.”
Discussion Highlights
- Price of Canto has been below 30 cents for the last nine weeks.
- Blast, a potential competitor to Canto, is backed by prominent crypto Twitter influencers.
- Despite initial skepticism, Taiki is bullish on Blast due to its approach to native yield on L2.
- Emphasizes the importance of liquid markets and ethical content creation without paid promotions or private investing.
- Discusses the inefficiency in the market where bridged assets do not earn yield and how Blast aims to solve this.
- Explains how yield-bearing dollars and tokenized treasuries could lead to the end of the DeFi bear market and the start of a bull market.
- Highlights the potential of RWA (Real World Assets) in DeFi and Canto’s role in supporting them.
- Addresses the fair distribution of Canto compared to other L1/L2s and the potential for growth in TVL (Total Value Locked).
Controversial or Unique Ideas
- Despite the repetitive nature of his videos, Taiki insists on the value of his bullish stance on Canto and Blast.
- His bullishness on Blast, despite it being a competitor to Canto, is based on the project’s potential to correct a market inefficiency.
- Believes that RWA will be a top category in DeFi and that Canto’s infrastructure will be pivotal in this growth.
- Asserts that the growth of stablecoins and their adoption by institutions will be crucial for DeFi to reach a trillion dollars in TVL.
- Expresses a desire for a more equitable crypto market where profits from stablecoins are shared with the community rather than centralized entities.
The Unyielding Repetition of Canto Analysis
Alright, let’s cut the crap and dive straight in. Taiki’s been hammering the same damn point about Canto’s potential for weeks now, and the price has been hovering below 30 cents like it’s glued there. People are even starting to question if Taiki’s a damn AI, repeating the same bullish mantra on Canto. But no, he’s flesh and blood, just stubborn as hell.
Blast: A Potential Rival or Just Another Dump?
Now, onto Blast, this L2 backed by the who’s who of crypto Twitter influencers. It’s got everyone’s attention, and not necessarily for the right reasons. The general sentiment is that these big shots are just waiting to dump on us. But after some thought, Taiki’s actually bullish on it, despite the initial skepticism. He’s not some paid shill; he’s made jack shit from YouTube ads or sponsorships. He’s all about the liquid markets, and his bullish stance on Blast is genuine.
Blast’s Native Yield and Market Inefficiencies
Blast is marketing itself as the L2 with native yield, which is a smart move. All the Ether and stablecoins bridged to Blast will be staked with Lido and Maker, addressing a glaring market inefficiency. Take Arbitrum, for instance, with its billions in Ether just sitting there when it could be earning yield. And don’t get me started on stablecoins in bridges not earning a dime while Circle and Tether rake in the profits from T-Bills. Blast could change the game by actually paying out yield to users, and that’s a big deal.
Real Yield and the Bullish Case for Maker and Lido
Let’s talk about real yield. If Blast does what it’s supposed to, users could be looking at a decent yield without any Ponzinomic bullshit or leverage. It’s a straightforward, honest-to-god yield, and it’s bullish for Maker and Lido since they’ll be raking in more market share.
The DeFi Bull Market and the Role of Tokenized Treasuries
Taiki’s been right about some wild shit in the past, like calling the end of the DeFi bear market and the start of the bull market. And guess what? When he made that call, stablecoin market caps stopped bleeding. It’s not rocket science; it’s just recognizing that stablecoins need to earn yield to stay in the ecosystem.
Canto’s Pivot and RWA Infrastructure
Back to Canto. It’s pivoting from a generic alt-L1 to an RWA-focused L2, and that’s a smart move. Canto is setting itself up to be the hub for RWAs, and if you’re bullish on that, you should expect more TVL heading Canto’s way. More TVL means a potentially higher price for Canto, especially since it’s not just about staking DAI but also facilitating RWAs through lending markets.
The Fair Distribution of Canto and the Skepticism Around Influencers
Canto’s distribution is fairer than most, even more so than Blast’s. The crypto space is rife with influencers and VCs getting their pockets lined for shilling projects, but Taiki’s trying to keep it ethical. He’s not here to bullshit you with referral links or paid promotions. He’s in it for the tech and the potential, not the quick buck.
The Bull Case for Maker and the Vampire Attack on USDC
Finally, let’s talk about Maker. If Blast brings more attention to Maker and the whole yield-bearing dollar concept, it’s good news for Canto too. And let’s not forget the vampire attack on USDC’s market cap. The idea is to shift the profits from the likes of Brian Armstrong to the real DeFi degens. That’s the kind of redistribution we want to see in crypto.
So there you have it, folks. Taiki’s bullish on Maker, bullish on Canto, and even sees some potential in Blast despite the VC circlejerk. It’s all about the long game, the real yield, and the tech that’s going to take DeFi to a trillion in TVL. And if you don’t like it, well, that’s your problem.
