“The trade is too crowded, that’s why this time is different”. So many people midcurving the 4 year cycle again. seems likely it will just play out as it always did and the left curve approach isn’t even that crowded.
Been buying on the way down; this is the most BTC exposure I've had in my life.
STRC introduces positive reflexivity to BTC that is being underpriced by the market.
"Sitting in cash to buy the guaranteed Q4 bottom" is a crowded trade. Believe in something.
My Full Thesis on $SXS
Imagine an overlapping of Tradfi X Crypto where you have enforced trading hours with different pools. That's exactly what $SXS is, a unique concept that's never been done before in Crypto.
You have 3 different pools, where each pool has limited hours in which you can buy/sell. Pool 1 (New York/ETH) is open 11am to 7pm EST. Pool 2 (Tokyo/USDC) is open 6pm to 2am EST. Pool 3 (London/CBBTC) is open 1AM - 12pm EST.
When the project first launched you were only able to buy on Pool 1 (New York/ETH) during the hours of 11am to 7pm EST. Outside of that trading was completely closed.
The fees generated from Pool 1 stack up and go towards creating Pool 2. Once Pool 2 (Tokyo/USDC) has been created the fees then go towards Pool 3 (London/CBBTC).
We are currently (0.86/1.5BTC) towards filling the last pool.
Devs have injected their own money to fill the pool by burning eth until the fees absorbed everything.
The real fun starts once all 3 pools have been created. Once all three pools are live, fees stop funding new pools. They flip to dividends. You hold, you get paid in ETH, USDC, and cbBTC. When you have an overlap between different pools it creates more volume which in turn creates more fees + dividends for holders.
The dev has been actively cooking and I truly believe this has the potential to bring new buyers onto Base that we haven't seen before.
CA: 0x3dA7Ad8101bc1fc0C80E2860Be9A531385258525
Best way to buy: https://t.co/ZZ8AG8Qq2G
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