1/ 96% of the $TON supply was distributed to miners during July and August 2020. At least 85.8% of the supply was mined by a few groups of miners that we connect with each other: https://t.co/NPIJdYjE2G
@hahahash_lol@eigencloud@LidoFinance wondering who are the competitors you are mainly referencing here? 'EigenLayer's main competitor has a FDV of $15-20B'
Fooled around with some @ethena SATS projections and things are looking up for YT-USDe on @0xMantle ๐
Based on current price of ~80% Implied APY so any lower + earlier and you should be looking at something even yummier
The PIP #10 is live!โ
PIP #10 aims to enhance mPENDLE/PENDLE stability by adjusting the revenue share for seeding liquidity, utilizing PENDLE revenue for mPENDLE buybacks, and allocating 50% of the vePENDLE voting power revenue for mPENDLE buyback and burn.โ๏ธ
The suggested changes have been designed to increase the mPENDLE/PENDLE peg and offer improved conversion rates for long-term supporters.
Vote:๐ณ๏ธ
https://t.co/xHjxDg2OB2
Enhancing the stability of the mPENDLE/PENDLE peg is crucial for the health and attractiveness of the Penpie ecosystem. The proposed measures aim to achieve the following:๐
1. Increase liquidity in the mPENDLE/PENDLE pair, strengthening the peg's resilience against market fluctuations and ensuring a stable trading environment.๐ช
2. Improve yields for mPENDLE holders by strategically reducing the circulating supply of mPENDLE through optimized burns, allowing each mPENDLE token to generate returns from multiple vePENDLE tokens.๐พ
3. Strengthen the Penpie ecosystem by reallocating revenue more efficiently, ensuring long-term sustainability, and fostering a thriving community that delivers value to its participants.โป๏ธ
These measures seek to fortify the mPENDLE/PENDLE peg, provide enhanced benefits for mPENDLE holders, and establish a sustainable and prosperous future for the Penpie ecosystem.๐
We warmly invite all #vlPNP holders to participate in this crucial decision-making process. Your vote holds immense importance in determining the future of Penpie!๐ฅ
๐ค Smart Money Inflow over the past 24 hours shows a significant amount of $ENA ($3.1m), with this number continuing to grow
The majority of this accumulation is from ๐ค Smart Money addresses claiming their airdrop. This doesn't include vested amounts