Thread by @rogerclu

So what could @yieldyak_ $YAK token be worth? Some napkin maths:
- $20m TVL x 0.5%/day (avg APR) x 5% fee = $5k/day this money printer makes x365 days = $1.8m revs
- this is *current* run-rate TVL. $AVAX TVL is currently ~$375m so $20m is ~5% of total

yieldyak.com/token
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- $AVAX defi ecosystem is nascent & has huge potential. Let's assume it grows to $1b TVL (not inconceivable, more likely than not), & let's say @yieldyak_ continues to outpace overall AVAX defi as I expect it to, ie auto-compounding trend is strong & their roadmap to be the

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@iearnfinance of $AVAX becomes realised on the way to world domination. I think 10% share of overall TVL is pretty conservative given this. So revised maths:
- $1b total AVAX TVL x 10% share = $100m TVL x 0.5%/day (avg APR) x 5% fee = $25k/day x365 days = $9.1m revs!

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- Slap a 25x multiple and you get to >$200m market cap without much effort
- and divide that by 10,000 $YAK tokens = $20k/YAK

Don't know about you, but seems sensible to start moving some TVL over to @yieldyak_ & start clicking some buttons

Critiques welcome, let's discuss!
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