In a world full of memes, I really like this RobinhoodChain utility play $BOW.
Market size has gone from $30k to almost $500k in less than a week. If this eco stays as crazy as I think it can, then plays like this should do well overtime.
DCA and chill kind of mindset with it.
When I first found @longbowlend the TVL was at 30K
Today, in less than a week that has grown over 15x
Best APY available = 42.6%
$BOW had an insane run where it went to $10M
A 5x since I shared it from $2M
That was just the beginning
Today alone the TVL has grown from $300K -> $437K
Its one of the most under-valued utility coins on robinhood
Soon $BOW will be above $25M
These new vaults are the first time anyone has automated liquidity paired with $SPY (tokenized SP500)
Pairing with USDG normally provides the most volume and fees, but it is also harder to manage the exposure, and therefore requires higher yields to compensate higher risk
These new SP500 vaults have much higher correlation with the vault stock token which means we can concentrate the liquidity to tighter ranges, and still earn higher fees even with less overall volume
On a net basis, the returns are higher with lower impernanent risk
New automated liquidity vaults are live for $TSLA, $QQQ and $RDDT.
Deposit once and the vaults dynamically rebalance @uniswap liquidity to capture volatility and maximise trading fees.
Now paired with tokenized S&P500 for correlated liquidity and greater capital efficiency.