Thread by @rogerclu

#alphaleak
So what if you are on the cusp of #avaxdefisummer & wondering how to maximize your @avalancheavax #defi returns?

I'm positioning myself for the highest leveraged beta plays in the $AVAX defi ecosystem:
1) @AvalaunchApp $XAVA
2) @yieldyak_ $YAK
1/8

More on XAVA as details come our later this, a thread on YAK valuation...

Before the $YAK token was released, I wildly speculated with some napkin maths:

https://twitter.com/rogerclu/status/1390352456987598853

2/8

Basically boils down to:
a) #AVAXdefisummer is happening
Lending (missing piece of puzzle) is coming with @BenqiFinance $QI, @traderjoe_xyz $JOE & others. Further, @AvalaunchApp $XAVA is bringing the floodgates for high quality #IDO new projects. Many more partnerships TBD
3/8

b) @yieldyak_ sits at the very heart of $AVAX #defi, connected to all of the projects & getting a piece of an ever increasing TVL

Auto-compounding yield, price swaps & more to come

Think the @iearnfinance $YFI of @avalancheavax
4/8

So how we might value a beast like @yieldyak_ $YAK?
Currently:
$AVAX TVL = $300m
vs. $YAK TVL $40m (~13% Share)
Slap 3.5x multiple for FDV/TVL (read footnote for why)
= $140m FDV or $14k/YAK
An easy 10x from current prices
5/8

Hypothetically, what happens if @avalancheavax #defi ecosystem grows to $1b TVL (conservative by some estimates)?

I estimate >$50k/$YAK or 35x from current levels
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#alphaleak
Up until last few days, $YAK had been steadily increasing, but has recently fallen in $AVAX terms due to accelerating AVAX price & low liquidity
IMO this is a MASSIVE buying opportunity (I've been accumulating <80 AVAX for past week)

BTW: Thank you @ChartExPro!
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Note: this is NOT investment advice. I present my analysis to be critiqued by the @avalancheavax $AVAX community

I'm sure @TamerOvutmen will have to say something about it!

Happy investing fellow AVAXers!
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