ok so lynex just bagged 18M $LINEA (~$490k) from the builder allocation ๐
and 100% goes back into the ecosystem.
quick math:
โก 10.8M โ voting (expect juiced veLYNX yields for 6+ months)
๐ง 5.4M โ liquidity mining (bluechips + new listings + growth sprints)
๐ฃ 1.8M โ marketing campaigns
flywheel about to spin harder โ more locks โ higher APRs โ deeper liq โ more volume โ more rev โ repeat ๐
ngl feels like things boutta ramp up heavy at lynex. intern might be eating gud soon.
p/s ratio = market cap ๏ฟฝ๏ฟฝ revenue.
the lower it is, the more revenue youโre getting per $1 of market cap.
lynex sitting at 0.6x โ meaning theyโre generating more revenue than their mcap in annualized terms. compare that to 10xโฆ 20xโฆ even 34x for other protocols.
numbers say undervalued, market says โidk yetโ. ๐พ
linea ignition just flipped public.
not sure if that was always the plan or just damage control after the backlash of keeping it private.
now smaller lps are pulling liquidity from non-selected projects to chase boosted rewards. canโt blame them, but it leaves the rest of the ecosystem bleeding red.
we couldโve had the whole ecosystem in green, instead itโs a zero-sum game.
one manโs ignition is another manโs demise.
linea ignition just flipped public.
not sure if that was always the plan or just damage control after the backlash of keeping it private.
now smaller lps are pulling liquidity from non-selected projects to chase boosted rewards. canโt blame them, but it leaves the rest of the ecosystem bleeding red.
we couldโve had the whole ecosystem in green, instead itโs a zero-sum game.
one manโs ignition is another manโs demise.
linea ignition just flipped public.
not sure if that was always the plan or just damage control after the backlash of keeping it private.
now smaller lps are pulling liquidity from non-selected projects to chase boosted rewards. canโt blame them, but it leaves the rest of the ecosystem bleeding red.
we couldโve had the whole ecosystem in green, instead itโs a zero-sum game.
one manโs ignition is another manโs demise.
linea ignition just flipped public.
not sure if that was always the plan or just damage control after the backlash of keeping it private.
now smaller lps are pulling liquidity from non-selected projects to chase boosted rewards. canโt blame them, but it leaves the rest of the ecosystem bleeding red.
we couldโve had the whole ecosystem in green, instead itโs a zero-sum game.
one manโs ignition is another manโs demise.
linea ignition just flipped public.
not sure if that was always the plan or just damage control after the backlash of keeping it private.
now smaller lps are pulling liquidity from non-selected projects to chase boosted rewards. canโt blame them, but it leaves the rest of the ecosystem bleeding red.
we couldโve had the whole ecosystem in green, instead itโs a zero-sum game.
one manโs ignition is another manโs demise.
๐จ linea ignition campaign exposed.
while the community waits months for $LINEA tge, a private ignition campaign has been quietly live since aug 18.
โ only select whales got whitelisted
โ 1 billion $LINEA (1.38% supply) allocated
โ lps sourced by @turtledotxyz club, liquidity pushed into @etherexfi / @aave / @eulerfinance
love to see @LynexFi โ the loyal 2 year old dex getting royally fudged again. (also sorry for @malda_xyz)
feels like ecosystem favorites > ecosystem builders.