Plasmaβs DeFi ecosystem is now ready to become a tool for value accrual.
After 4 months, XPL emission has decreased by 80% or 98% in dollar terms, peak to trough.
- Liquidity is no longer a meaningful expense.
- Existing protocols are showing signs of strong traction with extremely limited incentive. This is demonstrated by our @aave utilization rate being the highest in the industry (see below).
- Plasma's DeFi ecosystem is likely to maintain its current position given the number of profitable traders sizing positions.
- XPL liquidity mining, a once significant source of sell pressure and circulating supply inflation, is no longer worth considering.
The coming months will focus exclusively on importing new income sources into Plasma for traders to take advantage of.
The increased profitable activity, fee generation, and subsequent wealth events should become a significant boon for this network.
In the coming weeks, we will share with the world the first glimpse of a stablecoin system so seamless users will not even realize the underlying technology. This vision will flower into something unstoppable.
P1 is in June.
The wait is almost over.