Thread by @jpurd17

As DeFi market cap continues to grow, so will the demand for asset management platforms

@melonprotocol is looking to serve this market but since protocol earnings are tied to fund creation it hasn't generated substantial fees

1/

However, newly proposed MIP7 revamps its token economics

Rather than earning revenue on fund creation which has only generated $23k, it adds a modest 20bps annual fee on AUM significantly improving earnings potential

Using these figures we can extrapolate what that could mean for the total network value of Melon by looking at the price/sales of select comps

Depending on the actual earnings, there appears to be substantial upside

That being said, there’s a long road on the path to nine-figure AUM

I explore what it takes to get there 👇
messari.io/article/how-me…