MLP isn’t another token — it’s your built-in Abstract index. Paired with the biggest movers ( $PENGU, $ABSTER, $BIG, $ABX + stables/BTC/ETH).
When the chain moves, MLP reflects it with far less volatility. Hold, stake MLP, let fees compound.
CA: 0x98bad5e69167a329bc274b37f127ede8196fe37e
#MLP #AbstractChain
We didn't forget... just occupied keeping the forces of the Null at bay! @web_three_gamer welcomed Wizzy the Turquoise 458 a few days ago. This wizard has sadly lost his regular hat, but luckily he has a collection of backups. This zooamancer belongs to the #Sandfam faction.
Attention Wizzies! Mage Raids 6 has begun. @KamiSawZe gave away 3 avatars last Monday stream. Don't miss out on your chance to get an avatar every Monday. Prize pool in 4th screenshot.
Monthly MLP report:
- Bitcoin and Ethereum still making a correction, it feels natural for users to have less exposure to risk and keep most in stables.
- Less transactions = Less fees generated.
- @AbstractChain volume has seen it's lowest levels in the last 4 months.
Here's a recap of our LP's since last update:
0.7564 $ETH ➡️ 0.7958 ETH
114,187 $PENGU ➡️ 114,991 @pudgypenguins
1,164 $USDC ➡️ 1,175 USDC
0.0031 $BTC ➡️ 0.01077 BTC
34,480 $ABX ➡️ 76,467 @Aborean
6,520 $BIG ➡️ 7,063 @bigcoinmining
250,355 $ABSTER ➡️ 257,109 @absterxyz
Although $MLP liquidity is scaterred across 7 different pools, the total liquidity provided is 2.85ETH for a 36k MCap token.
MLP keeps compounding 100% of it's LP fees through buybacks, distributing the rewards to stakers.
It's been 4 months of hard work. APY for stakers has been stable in the 4%-6% and the growth of MLP liquidity pools reflect that.
MLP serves an an Index on @Abstract_Eco, if you are tired of trying to catch the next big thing, just hold MLP.
Website: https://t.co/cF1hSoW3p9
CA: 0x98bAD5e69167A329bc274B37f127EDe8196Fe37e
Market has been crashing, but MLP keeps buying your tokens.
Holding strong and building stronger and deeper LP positions.
Here's a recap since last update:
0.7446➡️ 0.7564 ETH
99,993 ➡️ 114,187 PENGU @pudgypenguins
6082 ➡️ 6520 BIG @bigcoinmining
226,261 ➡️ 250,355 ABSTER @absterxyz
1,282 ➡️ 1,164 USDC
0.00323 ➡️ 0.0031 BTC
New ➡️ 34,480 ABX @Aborean
That's 7 different LP's on @AbstractChain grabbing transactions based on DEX auto-routing, capturing arbitrage and slippage opportunities.
All of the LP fees are 100% used to buyback MLP and distribute to stakers.
Although MLP price dipped back to $0.40 in USD terms, it has grown it's relative strenght agaisnt ETH, which is now at 0.000167 (67% gain).
MLP is accumulating at lower prices on it's LP's, while it sells once it starts moving up again. The LP balance does need us to time the market: It buys every dip and it sells on every pump.
If you are on Abstract and/or have some exposure on @Abstract_Eco, grabing some MLP is a no-brainer, as it almost serves as an Index.
Check our website for more info: https://t.co/cF1hSoW3p9
MLP CA: 0x98bad5e69167a329bc274b37f127ede8196fe37e
MLP keeps on doing buybacks and distributing it to stakers.
Latest buyback: 7.9138 $MLP
$Bigcoin volatility is bringing more fees lately, while we accumulate now 6K $BIG in our MLP/BIG LP.
We're getting close to 3 months since MLP has went live on @AbstractChain, so far 416 MLP has been purchased from it's LP fees, that's 0.416% of the total supply!
DFZ Studio's new game @deadluckygame has officially hit open alpha! To celebrate this milestone, the first ever Dead Lucky Collectable "Fortuna Mortua" is now live on @manifoldxyz & comes with exclusive in-game benefits.
https://t.co/iGJeb3rGoF
MLP monthly recap on @AbstractChain liquidity pairs.
Total ETH in LP's ➡️ 2.66
Total USD in LP's ➡️ 7409
Let's breakdown the LP distribution, individual token analsys on the bottom.
0.692➡️ 0.7446 ETH
111,020 ➡️ 99,993 @pudgypenguins
4,544 ➡️ 6082 @bigcoinmining
213,839➡️ 226,261 @absterxyz
1,282 ➡️ 1,282 USDC
New ➡️ 0.00323 BTC
There's been a lack of volume all across the table in @Abstract_Eco during the last month. As you know MLP thrives on indirect trades: Token A ➡️ MLP ➡️ Token B.
So when there are less trades happening, there are decreased fees in our pairs, which surprisingly signaled another utility for MLP, an indicator of global trasaction volume.
If you see MLP price going up, it's likely that major tokens are also going up: You can call this Alpha.
Now breaking down each token and how it affects $MLP.
$ETH: It has been riding sideways, ranging from 2800-3300. This affects more alts than MLP directly, as they tend to bump/dump more with any ETH price move.
As for ETH alone, most of the times it gets volume because of Arbitrage on our USDC pair.
$PENGU: It's been making a strong comeback since last month with 50% gains, this upward movement generated some value for MLP as we had 111k PENGU before and now it hold 99K, those were used to buy other tokens, so the LP's keep balanced on their total value.
$BIGCOIN: The delay of merge mining has been bleeding $BIG a lot, with a downward price movement of almost 50% it's pushing our other LP's to sell tokens to keep the overall portfolio balanced. We went from having 4.5K BIG tokens to currently over 6K. It's still one of the tokens with most volume and when/if merge mining is announced, BIG will rotate into all the other LP's, positioning as an huge catalyst to easily drive $MLP price up to 1$ and beyond.
$ABSTER: The #1 memecoin in Abstract, it feels bottomed out and will move very thightly with PENGU price movements. Abstract develoments and announcements are also a factor that can move ABSTER, as being one of the top, if not the top token besides PENGU. Fortunately we were able to build our LP's with ABSTER at a very good price, so when/if it starts to climb towards it's previous ATH, it can be also a huge catalyst to drive MLP price up to 1$ and beyond.
$gtBTC: The newest pair in town, with still very low liquidity on it, but as soon MLP price gets in range it will start to fill up quickly, this will provide stability and a premium for MLP, as being paired with BTC, ETH, USDC it can become a major player in Abstract for it's wide exposure between more risky and volatile tokens such as PENGU/ABSTER/BIG vs the stability of BTC/ETH/USDC.
Final thoughts: Abstract is going through the initial hype phase, where a lot of projects are still emerging and buing built, while there's lack of incentives for traders, it contrasts with it's DeFi progress with @aborean (which we have a MLP/ABX pair, waiting to enter in the price range). As the Abstract team keeps pushing forward their product and shipping new updates, the chain will keep thriving.
At MLP, we compound 100% of the LP's fees into buybacks that are distributed to stakers. MLP supply is only 100,000 tokens, with over 57% staked and 30% in liquidity pools, so supply shock is inevitable.
There's a gamified part of MLP with Bingo Cards, based on badges that you earn based on your participation, and trading Leaderboards every month.
The prize pools have been growing every month, and there is a chance that you have rewards to be claimed, because again, MLP is used as an indirect trade, there's a chance you've interacted with MLP before without noticing (20K transfers in 2 months). Check at the leaderboard section in https://t.co/Z6r5kjhfCp
In case you want to grab some MLP for your portfolio, here's the CA: 0x98bad5e69167a329bc274b37f127ede8196fe37e
Since now BTC has been added to @AbstractChain, we also had to add to our liquidity pairs: MLP/gtBTC
Volume has been a little quite overall at @Abstract_Eco, but we keep compounding 100% that our LP's generate.
Latest buyback distributed to stakers: 8.5954 $MLP
Staking APY: 5.75%
MLP serves as an index for Abstract that auto balances itself.
It can tell if the chain is being more or less active by it's volume, since it grabs indirect trades from Token A -> MLP -> Token B, the more trades happen on Abstract Chain, the more Volume MLP will have.
It tells if the market is going up or down as a whole, being paired with the tokens with most volume, it gives a clear indication where the market is heading.
MLP gives you exposure to many projects on Abstract Chain, you don't have to worry if you missed a pump, MLP gives you that convenience.
CA: 0x98bAD5e69167A329bc274B37f127EDe8196Fe37e
MLP almost serves as an Index of what's happening on @AbstractChain
Since MLP has pairs with PENGU/ABSTER/BIG/ABX/ETH/USDC it gives a clear sign where the @Abstract_Eco is moving as a whole.
MLP is a liquidity token, that gives you a simple exposure to the Abstract tokens with the most volume.
The utility play in MLP is that it compounds 100% of it's LP fees in buybacks that are distributed to stakers.
Today's buyback was 5.107 $MLP
Staking APY: 6.18%
MLP CA: 0x98bAD5e69167A329bc274B37f127EDe8196Fe37e
How many MLP Badges have you got?
The prize pool grows every week, keep an eye on it 👀
Also if you have traded in @AbstractChain during December, there's a chance you have MLP rewards to claim in the Leaderboard section: https://t.co/ZXk0TY2MPH
MLP had 18.5K Transactions in just 2 months.
Token A -> MLP -> Token B. 18.5K times.
That indirect trading has generated 385 $MLP in buybacks, which is around 190 USD at today's prices.
At this level, the protocol will have bought back around 2.3% of the total supply by the end of the year.
MLP supply is only 100,000 Tokens. Supply shock is inevitable. Where will the MLP go? Back to it's LP's, but at an higher price.
If you are bullish on @AbstractChain, grab a little MLP bag, as small as 100 MLP. It will work good for you with the 100% LP fees buybacks.
CA: 0x98bAD5e69167A329bc274B37f127EDe8196Fe37e
New pair has been added: MLP/ABX
With @aborean being the backbone of @AbstractChain DeFi, it makes sense to start building our LP position now with $ABX.
2026 has begun so our buybacks too.
Buyback distributed to stakers: 7.2794 $MLP
Staking APY: 6.34%
https://t.co/cF1hSoWBeH