Most people see a green LP dashboard and think they're winning. On Friday's Premium Live Call, I walked through why that can still be a loss versus doing nothing. In this ~5-minute clip, I explain how Uniswap-style pools are "dumb" — the tokens inside don't know the external price — so arbitrageurs (informed/toxic flow) force rebalancing by buying the cheap side and selling the rich side. That automatically sells your winner and loads you with more of the loser. Here's the frame: - Price gap between CEX and the pool → arb keeps them close - Full-range (V2-style) IL is symmetrical: up or down, same % vs holding - You can be up in dollars and still underperform just holding the assets - Fees are the only real offset — volume has to beat that hidden cost If you're LPing into the next season of alts, you need this mental model first. Want to jump on the live calls with me for Q&A on your own portfolio positions and general crypto/DeFi questions? Grab access here: https://www.skool.com/defiuniversity/plans - Friday-only Premium — $29/mo - Mon/Wed/Fri VIP — $97/mo

Most people stare at Bitcoin when the tape gets shaky. On Monday's Premium Live Call, I was staring at bonds. In this ~5-minute clip, I walk through why the MOVE index (bond market volatility) is the chart I'm watching hardest right now. When that thing starts ripping higher, it usually means equities are about to get hit. And Bitcoin is still a risk-on asset, so it sniffs that out too. Here's the frame: -MOVE around 101–102 today -Historical "intervention zone" closer to 140 -Volatility expands fast and contracts slow -Bonds cratering + yields ripping = tighter monetary conditions, not looser I also overlay inverted bond vol against the S&P so you can see the historical relationship with your own eyes. No crystal ball. Just the leading signal that has mattered before every big risk-off flush. Want to jump on the live calls with me for Q&A on your own portfolio positions and general crypto/DeFi questions? Grab access here: https://www.skool.com/defiuniversity/plans -Friday-only Premium — $29/mo -Mon/Wed/Fri VIP — $97/mo

Hello everyone and welcome. As we begin building out DeFi University together, please know that any ideas you may have for a new tool, a new live call, a new course, anything that you'd like to build or incorporate in to add more value for us, the community members, that is 100% a yes here. This community is AI first, which simply means that we learn together how to use AI tools to build what will generate more value for us, the community members. We hope to foster an environment of learning and growth in many different areas of life within our DeFi University community, and now with these new AI tools any suggestion that any member has which will add value can quickly be built out and incorporated in. It's a very exciting and transformative time that we live in. To foster a sense of community spirit, please introduce yourself in the general chat as you join, and share a bit about yourself so that we can all get to know one another better. Live calls in the community take place every day Monday through Friday and they are open to all members. See you on the next live call and in the DeFi U chats! -David