Thread by @Cryptogeeks

An interesting convo happened in the @defi_labs_ TG the other day (btw if you aren't in there here is the link: t.me/defilabs_commu…)

It was about $MWG in the terms of a superior form of #YieldFarming, and it really kind of blew my mind. Here is a thread regarding it.

For those of you who don't know many #defi projects have a "farming" component. The basics of this is you 'stake' (lock in) tokens and you get a 'yield', in the form of either reserved tokens from the overall supply, from a governance token, or from fees, or various other things.

Its very similar to oldschool #staking and #masternodes that were *very* popular years ago (and proof of stake is still very popular, #eth is even moving to proof of stake).

Now how does this relate to #MetaWhale? Well, MetaWhale (the protocol) holds and keeps gathering #gold in the form of $PAXG from fees. So what this means, is all $MWG holders, are actually yield farming actual gold. The main point here should be a lightning bolt to you.

The "Yield" is *ACTUAL* #GOLD, not just some more of the same token, or another token. And you aren't locked in like many staking platforms do, you can move at any time (and as a matter of fact you have to, to prove to the protocol that your tokens are not lost).

Now let that sink in for a bit.

Every person in traditional staking/yield farming who is staking/farming lowers the yield (APY), because those fees are all shared. Which is why anyone familiar with the insane yield farming APYs knows you can see 1million % APY

Then an hour later its down to a few hundred %, as more people fomo in. And what happens to the token after that? It dumps, because you are getting more of the same token for nothing. Or the governance token dumps, always these things end up like that.

But with $MWG, every single person who is holding it, is adding to that apy when they bought, and when they decide to sell, everyone using the platform keeps adding, the more people using $MWG the higher the APY, its literally the opposite of what is out there!

With this knowledge (and a screenshot from a tg member), I went and did some math on this.

Currently #MetaWhale has a #gold reserve APY of over 600% with current holders, volume, and mcap.

This is so bullish I can't even fully believe it, but the math doesn't lie.

A few acrynyms:
AGRVG30 = Amount of gold token reserve value growth in a 30 day period as a percent
ASB30 = Amount of $MWG supply burned in the same 30 day period as a percent
TAX = The 35 day countdown timer movement where you have to move 6% (simplified to 30 days for ease)

So AGVRG30 + ASB30 - TAX = Monthly %, then compounded for a year, you get the APY.

With that information you can do the calculations yourself. But this means one VERY important thing.

$MWG is the highest yielding #gold instrument in the world right now.

So, fucking, bullish.

And as more people join the protocol, this APY can/will go higher and higher, that is what is so insane! The more people using it, the more gold it (and everyone) earns.

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