Thread by @Rentahomefast

why does this chart look like this????

how the pants can a token that is rapidly inflating their token supply??

2/ Well heres why....There is a thing called Bribes

Now What are Bribes?

you can look at bribes like what can you pay me or give me to do something for you

3/ Now people are not the only ones that bribe people, protocols do this too.

Now your saying to yourself why?

well tldr its for the money

4/ Here is the flow of a bribe

1.peeps dumping my token after staking there lp token
2.protocol realizes cant keep doing this because aprs are based on token price ( lower the price the lower the apr)

5/
3. I realize I need to have 2 separate tokens for this to work....our token we need liquidity for and the dumper token
4. this is where bribes come in, The new token becomes the dumper token

https://twitter.com/Rentahomefast/status/1483130588051742723

6/ the coin that is being dumped aka beets in this case can keep going because the protocols have to buy the beets to keep getting more liquidity sent their way

7/ so we have
1. protocol buying beets
2. degen farmers buying beets cuz bribes (aka get paid money to vote)( need beets to vote)

Here is a list

https://twitter.com/crypto_klay/status/1494080143605780482

8/ This creates the flywheel of I buy beets to vote and get bribes and protocol buys beets to get liquidity

liquidity attracts traders and traders attract liquidity 😉

9/ What is beets you ask well check this out

https://twitter.com/Rentahomefast/status/1492017551211175937

10/ If you enjoyed this thread on @beethoven_x and the bribes, like and retweet to a degen near you

https://twitter.com/Rentahomefast/status/1494355082162229248

here is emission schedule for those that want it docs.beethovenx.io/beets/emission…

oh and one other thing NFA but this will be coming for @TarotFinance 😉