Thread by @SmallCapScience

$AVAX still sending and I don't fight the market so put a few hours into research tonight.

@snowballdefi is by far the best project and it's also the most undervalued on $AVAX. Aped into $SNOB heavy and will be watching it closely the next few days.

Quick Thread ⬇️

$SNOB is the swiss army knife of projects when it comes to token utility:

- Autocompunding vaults
- CRV style stable coin liquidity
- NFT Marketplace
- $SNOB staking lockups

Impressive platform and super clean..
beta.snowball.network

Reasons I'm Bullish:

1. $28M TVL and only $13M MC compared to other projects on AVAX where TVL exceeds MC

2. Low Emissions - emissions only 72 $SNOB per day (est. 144 blocks a day). This also means that the project counts on $SNOB to be valuable for higher APY's

3. FDV - 15.5M $SNOB in Circulation and 18M Max Supply.

4. Lock Ups $xSNOB - 5.5M tokens of those 15.5M are currently locked and the minimum lock period is 7 days. ~10M $SNOB in circulation and circ. MC is less than $10M 👀

$SNOB has gotten significantly less exposure than other $AVAX protocols due to not being on @vfat0.

Play - Moved AVAX lp's to their vaults to earn $SNOB and bought $SNOB outright. Will lock a portion of the purchased $SNOB for a week and hold the rest.

GL!