JUST IN: 🇺🇸🇻🇪 US oil stocks rise following the capture of Venezuelan President Nicolás Maduro.
Chevron: +5.40%
Exxon Mobile: +2.23%
ConocoPhillips: +3.00%
Good to see our $WTI Tokenized Oil was able to properly track and update with the live price of Crude Oil through the night.
This is the first algo-stable commodity to do this.
It's a big deal.
@toly@DogeSpaceXX@chainyoda Algo oil is on-chain
Fetch oil price.
Create DLMM 1 bin positions.
On oil price change - close position and re-add in appropriate bin.
Oil can burn but on-chain algorithmic oil is forever.
https://t.co/JlkGynxfhO
Sources cite > 1 million barrels of crude oil $WTI production DAILY in venezuela.
This is approximately $57,000,000 USD1 / day
The rig is getting ready to drill into on-chain oil for the first time.
qXFePTfUZP6mhDtpAUEuB3byxpaJ5R4EQQH4eK3frig