Aster DEX pushed $2.57B through its USD1 markets in a single week
@Aster_DEX posted Epoch 3 results for its USD1 RWA Boost: 1,001 active accounts drove $2.57B in taker volume across seven real-world asset markets, from gold and oil to SpaceX.
Epoch 4 runs through Sunday with the same weekly pools of 347,222 $USD1 and 6.94M $WLFI. Traders earn USD1 through volume and WLFI by holding positions.
@kevinolearytv I’d gladly make a sizable wager on the side of eth if you’re interested. We can 3rd party escrow the money until wager has concluded and then they’d pay out the correct side.
We’ll do our best to earn the trust back. Honestly we’ve always done things rather chaotic and unorthodox. Honestly it takes longer to explain, than to just adapt and keep pushing the ball forward. I’m also not new to getting shit on online. It comes with the territory, gotta be willing to take the good with the bad.
It’s the perfect storm for market makers, who can catch shorts far offsides that are already pressured. Packed with retail fomo that would follow, the possible blow out would be earth shattering. It will be one for the record books I have a feeling. No matter what should make for an interesting week :)
I hold more eth than btc, by a lot. Btc paved the way for this space to be born, so I respect it very much so and own a bunch. With that said yes. We’re far bigger eth nuts then btc over here. Once you see through the keyhole of crypto. You realize eth is and always was the key to open the door to the future of this industry. ethereum:native
That’s one of its many uses. We have big visions for @worldlibertyfi ! WlFi is at the center of it. For that ecosystem to grow we need to have amazing projects like usd1 give us a large market share. Then like any smart business we’ll adapt again and make sure the ecosystem as a whole is strong.
Your mind works in an amazingly unique way! Well done and best wishes on your position hunting. Im biased, as im in the same camp that this is ETH's cycle for the reasons above and many more! 🤝
This $ETH trade on @DeriveXYZ really got the people going so I'll explain my thought process.
I'm not really interested in betting on an $ETH move to $3000, especially with tokens like $HYPE and $LIT pushing all time highs. $ETH trading like 1.1x $BTC beta isn't bad, but it's also not extremely interesting to me as a bet to make here in the near term considering there's plenty of beta outperforming $BTC here. Holding spot $ETH feels capital inefficient and as a perp would be expensive and path dependent.
I'm betting on a meaningful ATH break within 6 months, and I think there are a few meaningful tailwinds that are unique to $ETH, and more importantly, unique to the level at which people are underestimating them:
1. Inclusion with $BTC as a "reserve" asset in anything resembling a strategic reserve. I think the strategic reserve overall might be an underpriced edge case, and $ETH being included, even nominally, more so. There's actually a good reason for the US to want to have some stake in the largest decentralized settlement layer.
2. Tokenized equities are cool and all, but tokenized bonds might actually be the massive TAM unlock that overwhelmingly favors $ETH over $SOL. The current rates environment globally makes this an extremely interesting edge case with tons of potential positive headline shock.
3. Trump and family have been extremely outspoken $ETH bulls. Their bullposting didn't work in a bear market, let's see what happens if they throw fuel on the fire in a more bullish environment.
4. Everyone hates $ETH. Extremely popular short leg for pair trades vs apps. With two rejections from 5k and years of underperformance, the level of hated rally and sidelined, jaded, despondent chasing from 🏳️🌈🐻 will be biblical.
I also see $ETH as being on the precipice of a phase change between being some not for profit, public good, growth mode asset (think early stage 2010-2014 Uber in SF just cornering market share at no profit) to being able to more confidently monetize on it's high Lindy, credibly neutral status as the on chain, global settlement layer.
Robinhood chain using $ETH over $SOL was quite a bit more signal than people give it credit for too, though $ETH is still making peanuts relative to what $ARB and $HOOD are making from sequencer fees.
If the massively positive trends in tokenization and institutional adoption don't take $ETH to new ATHs within 6 months, it's kinda cursed as an asset, and I'd rather just keep holding the application layer tokens with massive cash flows.
In fact, I thought this trade was so nice, I did it twice. Risking ~$780,000 for a max PNL of $40m now.
And again it's very easy to judge people from the sidelines. Ill leave you with this amazing quote that has helped me a ton in life :
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.”
― Theodore Roosevelt
We've bought back and burned quite a bit, its on chain hence why our total tokens is less then the 100b on launch! We also airdropped $47 USD1 to every token ICO purchaser as a fun airdrop. just to add some context you might now know of. I do agree things might take longer or not go exactly as planned always. So we shift and pivot to make sure we adapt to the times. To think we forgot about WLFI token is wild. WLFI sits at the center of the entire ecosystem. Maybe...just an idea. Let us cook, support if you like or just sit by and watch if not. We either get to the finish line or we dont. It's incredibly binary here. We show up day in and day out and advance USD1 and WLFI. You might not notice the hard work, but I can assure our entire team works relentlessly on all aspect of @worldlibertyfi