Missed @almanak ICO on @legiondotcc or not happy with your allocation?
I ve got a way for you ๐
TL;DR
-Buy YT alUSD on Pendle ->
-Get Almanak token at 60m$ FDV
-Get 40% with USDC on top
With the recent @pendle_fi integration of alUSD (Almanak USDC Vault token) you can effectively buy the allocation of Almanak token. How is that? Let me explain further with simple maths:
-Pendle lets to divide your underlying token (alUSD in our case) onto PT (principal token) and YT (yield token)
-PT - earn fixed yield, forfeit points
-YT - yearn yield and points, at expiration costs 0 (i.e. forfeit principal)
If you want Almanak tokens at ICO prices and below - you may just buy YT here: https://t.co/BEGxRqmiuy
And here is the maths:
1. YT currently gives you x46 leverage on points and yield for 40 days as of today. I.e. on each 1$ spent you get yield of 46$.
2. Points APY now is at 24% assuming FDV is 90m$(ICO price). 24% is for the whole year, we have only 40 days until expiration. So we get about 11% of 24% which is roughly 2.6%. This 2.6% we multiply by our x46 leverage and get 120% of pure ROI. And that is on points only
3. After that, we get x1.25 points for using Pendle. This is 120% x 1.25 = 150%
4. On top of that we get GUARANTEED basic real yield of 8-10%. Same math applies: 8%x0.11x46 = 40% return. That is MINIMUM, undilutable and 100% guaranteed. So total now is 190% which translates into 60m effective FDV +40% on top with USDC
That is how Pendle YT works.
You should also take into account that maths are based on given metrics:
-50m$ TVL. The higher the TVL the more diluted we get on points. However real yield of 40% is preserved anyway
-FDV of Almanak 90m$. Given the oversubscription of the Legion sale, this amount, IMO, extremely undervalued. If Almanak goes to TGE with x2 of the sale place at 180m FDV then we get x2 on the ROI from point 3 i.e. 300%. Then we add 40% of base USDC real yield.
Beware of slippage! You can't get big amount of YT as there is not so much liquidity and always make sure that you buy YT at an acceptable price to lock your effective FDV price.
Hope everything is clear, if not, feel free to drop your questions below
Let's get rich together!
Cheers to @NeoAlmanak @0xjeff@kar4arodon@_Jamisky@MarmeladovSonny@NarinaGB@waldemare_@stacy_muur@iamsage @KHA_MMAL
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Just staked $MEME and Iโm earning ๐ฅฉ on @Stakeland
Today is the $MONday!
$MON is going LIVE at 10AM UTC today!
Top-tier exchanges like ByBit, KuCoin, HTX, Gate, etc, are all listing $MON at TGE! For more details, see the official announcement on @monprotocol.
This is day 1 for $MON.
But it's always Day 1 at MON Protocol. ๐
Launching in less than 24 hours, @monprotocol is building the "Nintendo of Web3."
Powered by $MON, the platform offers a thrilling line-up of in-house and partner titles, starting with @Pixelmon.
"Our mission is to deliver smiles through games and IPs." - @GiulioXdotEth, CEO
As the leading Gaming & IP Publisher in Web3, @monprotocol has announced over 60 partners, with 50 more in the pipeline.
$MON Staking Platform will GO LIVE IMMEDIATELY at TGE on 27 May. $MON Stakers will be receiving $MEME and other partner tokens.
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๐ฆ @GiulioXdotEth IPO-ed his first tech company ZALORA at $2 billion
๐ฐ @Chris_Sirise founded Saison Capital, the leading fintech seed VC in Asia
Success begets success.
Study that! ๐ซต
On top of games, @monprotocol is developing a 12-episode anime of @Pixelmon. Find out what it has in common with Jujutsu Kaisen in $MON's upcoming X Spaces ๐
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Watch here ๐บ
https://t.co/2t6sfYGHbD
Today I learned that @monprotocol is launching these games ๐คฏ
๐ฒ Monster Tycoon (hypercasual, mobile, 2024)
๐ต PixelPals PvP Season (browser-based, 2024)
โ๏ธ Warrior of Nova Thera (mid-core, PC, 2024)
๐น Hunting Ground (mid-core, mobile, 2025)
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Some stats:
โข 500,000+ active players!
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