An in depth analysis of @PopsicleFinance stealth launch scenario and whatnots. Interested? Let's hold hands while I walk you through another @danielesesta fundamental pillar in the #OccupyDeFi and #FrogNation vision.
@PopsicleFinance was launched on 6th Nov. with $ICE reaching 66$. Because of capped LP pools and a flat 7% APR on $ICE, people sold the news.
Is this all? No, wait. In order to hop in the pools, people had to sell 50% of their $ICE positions. Some of them, were just holding 100% $ICE bags and probably swapped to ETH/SHIB where they are currently getting an astonishing 1745% APR.
As of now, @PopsicleFinance has a 13.8 mil TVL. You have to take into account that the pools are capped for testing reasons. @danielesesta is taking all the precautions to deliver the best product possible. Pools cap will increase steadily as we go.
On top of that, that 7% $nICE APR is the protocol not having enough data. We should wait one week for gathering data to have a reasonable estimation. Do not forget, tho, @PopsicleFinance was getting 30-60% with 10% fees. Now is 20% so expect 60-120% $nICE APR.
How are going to get that juicy APR? Keep reading. Right now, @PopsicleFinance beast is getting a steady 100k fees per 24 hours. That is 700k per week. So, taking into account $nICE stake holders get 20% of those fees, we can expect a buyback of 140k per week as of now.
At the current price, that is 3111 $ICE that will be taken out of the market. Already 84% of the supply is staked and out of circulation.
It is not hard to imagine that, when @PopsicleFinance increases the pool capacity we will be getting 100 mil TVL in no $TIME. That would mean 1.4 mil buy backs or #30kICE 👀!! coincidence?? It may be
At that rate of #30kICE buybacks and taking into account current $ICE staked, we will run out of $ICE in one year with the price valuation consequences that this would bring. Wait, is this all? NOPE
This is not the first rodeo of @danielesesta & @squirrelcrypto, together with @0xM3rlin, they had been creating a whole ecosystem throughout DeFi; meaning, they have now the infrastructure to get @PopsicleFinance to anywhere where LP optimization is needed.
Yes, I am talking about Sorbetto Limone. Wen Sorbetto Limone enters the chat, @PopsicleFinance could easily reach 1 bil TVL. We already have $ICE in $AVAX, $FTM, $BSC, Arbitrum... Imagine the fees.
We will be getting 14 mil buybacks every single week. We will run out of $ICE in just 1 month. So the only way to still get $nICE would be to increase the value appreciation.
At this point, If you still do not trust in @PopsicleFinance, @danielesesta, @squirrelcrypto and the whole $ICE team, there is nothing I can do about it. GM apes and remember: "Limone soon TM"
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