Unfortunete truth is price is driven by dumb money, so you can't see whats really happening as not-as-dumb money is using different onload rails.
robinhood:0xca9c78dd337a67f6e0077f65f5e9218719d30edf
π Introducing the Founding Deeds
3,333 Deeds, each with randomized rarity and metadata.
Anyone can farm in Yield Fields, even without deeds.
But deed holders have a separate loop that generates resources through gameplay.
The fields now need keepers β¬οΈ
The Standard Reserve is one of the most ambitious and in depth protocols to come onchain in years.
We are assembling a curated whitelist of the most active onchain participants and educators in this space.
More information coming soon.
The Standard Reserve is one of the most ambitious and in depth protocols to come onchain in years.
We are assembling a curated whitelist of the most active onchain participants and educators in this space.
More information coming soon.
the correct sNET play on @pendle_fi for anyone who doesnt want to think is the LP.
you keep the sNET rebase, you get PT exposure that redeems 1:1 at maturity, you eat swap fees from everyone speculating the rate, AND you unwind fully into NET with no IL at expiry.
IL exists when the 2 things in your pool can drift apart.
here they CANNOT. one side is sNET, the other side is PT-sNET, which gives you claim on 1 NET by maturity.
PT price can go up and down in between, and yes the pool ratio wobbles with it, but no matter what at expiry PT is 1 NET. hold to maturity and the LP is just 100% NET again, plus every fee and ethereum:0x808507121b80c02388fad14726482e061b8da827 reward that got paid into it along the way.
all of it sitting on top of 8.27M in on-chain USDG reserves and a 3.3M sleeve of tokenized NVDA AAPL GOOGL.
PT and YT are the players but when you're LP, you're the house baby.
Since no one was keen on answering this question, I've took it upon myself to build a PUBLIC Dune query which uses FOMO's fee router in order to calculate the total profitability of all active FOMO traders (SOL) in the past 90 days.
The numbers:
> Out of the 292,531 wallets traded through FOMO in the last 90 days, 18,033 of them are in profit.
> Only 6.16% of ALL traders in the last 3 months were profitable.
The median trader is down ~$120. As a group they are down $1.26 BILLION. Of the 6% who are green, 88% made under $100. Only 25 out of 292,531 wallets made more than $10K
Query is public and linked below:
https://t.co/sClpsUG8wo
For reference, a "wagering platform" such as Rainbet with a 1% house edge sits at ~37% user profitability over the same time span.
@LSDinmycoffee $BABA is cheapest AI play on Earth rn (im underwater lmao). Growth in AI sector is strong. Also first time in few years China has inflation.