Is it actually worth it to farm a delta neutral strategy on @papertrade_xyz with a small 4 figure sum
Midcurve is screaming about @AbstractChain being a scam like anyone will do anything about it.. left/right curve is understanding this is probably bullish for pudgy and $pengu
Got screwed on abs too but most of my time was spent on @onchainheroes and @gigaverse .. I had fun
Is this good
jaapy retweeted
📜 Introducing the Founding Deeds
3,333 Deeds, each with randomized rarity and metadata.
Anyone can farm in Yield Fields, even without deeds.
But deed holders have a separate loop that generates resources through gameplay.
The fields now need keepers ⬇️
It took @cobie all of 24 hours to rebrand the entire platform sheesh
Easy hold through the drawdowns and even added some more the other day.
With their new protocol fees, $Delta has a revenue number of 600k per month (assuming it stays flat from the last 7 days) and trades at 13.5m mc fdv. $MET trades at 200m fdv with a monthly revenue of 2m.
Without accounting for buybacks, $Delta's fair value would be about 1/4th of $MET, which would put it around 50m fdv. Furthermore $Delta has current buybacks of 80%, while $MET has no active buybacks, so you could argue that $Delta should be even closer to $MET's valuation.
This all assumes that revenue stays flat ofc, which would be surprising in such a new and expanding chain. The r/r here is really good.
The conditions precedent for things like 2.4bn pnut are first a massive run in majors. Eth nft cycle happened after/while eth ran to $4,000. It was expensive to buy those NFTs but didn’t feel like it when everyone was flush. The sol memecoin run happened as sol was running after we were buying it at $8 post ftx. We were rotating “profits” into memes.
We can see a 2.4bn pnut type coin again but people need to feel rich first. I have a feeling eth runs this time around and gives us that shot. Us govt absolutely sending the dollar to zero will lead to continued investment in assets whether that’s btc or something else and rotations will occur.
Unless we get crazy risk-on conditions on the whole crypto market, I think the ceilings for all memes on-chain will be lower than last cycle
I don't think we could get stuff like $2.4bn PNUT again











