FromMills

Finding & explaining early onchain ecosystems.
🏦 DeFi • 🎮 Gaming • 🌐 Base & beyond
I research, test & share what I learn.

[FromMills @MillsFrom]

@Plazm_io Reading about the integration, $PLAZM as collateral sounded useful.
Using it from the lender side made it real: I put 199.40 USDC to work, the loan was bought back after 1 day, and 209.37 USDC came back ready to redeploy.
That’s when the utility clicked.

[FromMills @MillsFrom]

Over the year I started tracking the engine more than the chart:
→ treasury>$700K
→ $200K+ treasury output
→ 7M+ PLAZM burned
→ $1K+ daily buybacks/burns
→ 20% of yield compounding back into Bonds
The mix of growing productive capital + shrinking supply is why I’m still here

[FromMills @MillsFrom]

#PLAZMContest @Plazm_io

What kept me here wasn’t a price target. I watched PLAZM turn external yield into recurring buys/burns, then saw the token gain utility beyond its own app when I could lend USDC against $PLAZM on @Based_Loans.

@DexFinance

[FromMills @MillsFrom]

The moment that made it real for me:

I funded 199.40 USDC against $PLAZM collateral on a 30-day loan.

The borrower bought back after just 1 day and I received 209.37 USDC.

That was when PLAZM stopped being only something I followed — it became something I could use.

[FromMills @MillsFrom]

$PLAZM’s treasury has now pushed past $700K.

The project reports $200K+ in treasury output so far, with buybacks now running above $1K/day — without spending down principal.

The number I’m watching next: how fast 20% Bond compounding grows that engine.

[FromMills @MillsFrom]

Most tokens add emissions to create yield. $ERAGE takes the opposite route.
It can only be minted with $ESHARE + $RAGE, while each mint/redeem takes 2.5% to strengthen backing and burn both underlying tokens.
No staking APR. The mechanism itself is the experiment
@therageprotocol

[FromMills @MillsFrom]

$LSTEAK takes a different route to yield: no emissions, no rebasing.

Current backing: ~$179K
BPT: ~$1.135
Yield flows into backing, POL, xlLSTEAK, burns and operations.

The metric I’m watching isn’t APR — it’s whether backing per token keeps climbing.

[FromMills @MillsFrom]

10,000 Yakkamon NFT Eggs are minted. Now the more interesting phase starts.

@yakkamon_game is finalising early access with an initial 30 Yakkamon, rolling out in waves in Q4.

Mint hype is over. Now I’m watching whether the game loop keeps players.

[FromMills @MillsFrom]

Productive treasuries are moving from individual tokens to launchpads.

@BackedFund is bringing a CoinBarrel-style model to Base, with productive Bond backing built into launches.

The idea I’m watching: can “backing” become a default part of token launches?

[FromMills @MillsFrom]

One @Based_Loans detail I think gets overlooked:

Every loan charges a 2.49% protocol fee. 15% of that fee is routed into mUSDC.

So loan activity doesn’t just serve borrowers/lenders — it also adds external USDC to another Monstro product.

@monstrodefi

[FromMills @MillsFrom]

First 24h update: 2 $gDEX burned through the new v4 hook.

That’s on very low volume, so the interesting part from here is how the burn scales as trading activity picks up.

[FromMills @MillsFrom]

$gDEX just moved from “deflationary target” to an automatic burn mechanism.

A new Uniswap v4 hook now burns 2% on every buy/sell through the pool.

1,200 gDEX was also burned upfront.

Supply: 118,798
Long-term target: ≤100K
@DexFinance

[FromMills @MillsFrom]

Fewer than 60K $ESHARE remain.

Supply mechanics just got another layer:

→ Uniswap v4 pool
→ automatic burns on swaps
→ minting removed
→ ownership renounced
Existing burns still continue.
Scarcity now runs through multiple loops.
@EmpFusion

[FromMills @MillsFrom]

The interesting part of @Based_Loans isn’t just the 5% on a 30-day loan.

The premium is fixed at open. Day 1 buyback or day 30: same 5%.

For lenders, capital turnover is the hidden metric — faster buybacks mean the same USDC can be redeployed sooner.

[FromMills @MillsFrom]

Beginner tip for @0xSunflowerLand:

Don’t sell every resource as soon as you harvest it.

Keep a small stock of crops, wood and stone — quests and crafting often need them later.

Selling everything can slow your progress more than it helps.

[FromMills @MillsFrom]

Beginner tip for @0xSunflowerLand:

Don’t just plant the crop with the highest value.

Match crops to how often you can check the game:
• short crops when you’re active
• longer crops when you’re away
Idle soil earns nothing.

[FromMills @MillsFrom]

High APR isn’t automatically the problem.
The question is where the yield comes from.
@AltitudeBase launched Everest with ~67.5M ALTITUDE staked and a 146% starting APR.

The key distinction: rewards come from an existing reserve — not new token minting.

That’s what I’m watching

[FromMills @MillsFrom]

@BondRunner_ @DexFinance That’s the plan 😄 watching the Bond stack and burn numbers from here.

[FromMills @MillsFrom]

Been watching $RUNNER since launch. What matters isn’t the chart.

The loop is live:
trading → Bonds → external yield → market buys → burn.
7M+ RUNNER is already gone.

Now I’m watching one thing: how fast can the Bond stack grow?

@BondRunner_ @DexFinance