Built a $FLIP position over the past 2 weeks @ 0.22$
Some @Chainflip stats here:
•~18% of the supply is burned per year at this pace.
•Token unlocks are finished
•Protocol revenue & fees trending upward in a bearmarket
•PE ratio of 5
Long-term hold for me. 1 year+
A lot of Bitcoin holders face the same problem:
They're sitting on significant BTC value, need liquidity, but don't want to sell.
Chainflip Native BTC Lending was built for exactly this.
I downloaded the defillama holder revenue data via csv, had claude code cross-reference FDV data from Coingecko and get the annual yield for holders
$FLIP looking good here. Also shoutout Chainflip partners at $THOR Thorswap!
Lending TVL hit $1m. Not the explosive growth that many would have liked, but heres my take on it:
Lending is a slow game, growth takes longer, trust needs to be built up over time.
Getting someone to swap 50k is not the same profile as getting someone to open a 50k loan, they are completely different audiences.
We have to as a team at @Chainflip earn the trust of borrowers and lenders before we can see big numbers.
We are playing the long game, and thats what matters.