With the TVL reaching $2 billion on $SOLID, I figured an update is due - $SOLID TVL exploded quicker than I had expected! Let's take a look at the votes for next week and discuss ways to figure out next week's play.

๐Ÿงตโ€ฆ
@kamikaz_ETH @bobbybanzai @wagmiAlexander @solidlyexchange Image
1/ As the TVL grows, more eyes are now watching $SOLID and the $SOLID token & price are increasingly more important.

Let's assume all underlying tokens in pools have the same values & narratives. Therefore, the best way to ape would be pools with the highest capital efficiency.
2/ By comparing the pool size relative to its votes (TVL / # of Votes, see last column in the above chart), we are able to determine the $$$ in pool size per 1 vote in $SOLID emission...
3/ This provides us a quick way to determine which pools are most capital efficient. The lower the number in the last column, the higher the efficiency as the $$$ in the TVL is smaller compared to its votes.
4/ Note: Information used in the analysis is not final. Votes are still coming in & TVL for certain pools is still rising (as some pools did not receive votes last week, hence the limited TVL). Please keep this in mind, and continuously update the numbers before using the chart!

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More from @Jasonnotjayson_

Mar 2
[WEEK 2] With round 2 of $SOLID emissions starting in 5 hours, let's take a look at the top 20 pools by votes and measure them by capital efficiency ($ in TVL per 1 vote for $SOLID emissions):
#1: $OATH- $FTM
#2: $FTM- $YFI
#3: $YFI- $WOOFY
#4: $USDC- $WEVE
#5: $CRV- $FTM

๐Ÿงตโ€ฆ Image
1/ Although $OATH- $FTM has the highest efficiency, the underlying protocol is no where near as established as $YFI. Hence, it could be argued that #2 & #3 would be a better play as $YFI (as a protocol) is more developed than $OATH (as a protocol)
2/ This makes #2 & #3 an attractive play as $YFI may hold its value better than $OATH in a down market.

#4 $USDC- $WEVE is also an interesting play as $WEVE recently announced its partnership with $OXD team (controlling >40% of the initial allocation)...
Read 6 tweets
Feb 20
Update on the $SOLID launch, $OXD & #solidly (@solidlyexchange $SEX) partnerships, and the game plans of all 25 protocols that have received the initial allocation
๐Ÿงต...

#Fantom $FTM @FinanceFirebird @kamikaz_ETH @KingsFantom @wagmiAlexander @BillyBobBaghold Image
1/The 2 major accumulators are 0xDAO (@0xDAO_fi) and Solidly (@solidlyexchange)

0xDAO Party
- 7.4mn $SOLID staked or 37% of all allocation
- Members include: $OXD, $BOO, $TOMB, $SCREAM, Reaper Farm, $BEETS, $LQDR, $TAROT
- Currently, 6 of the 8 members have voted for own pools Image
2/ Solidly Party:
- 6.7mn $SOLID staked or 33.7% of all allocation
- Members include: $YFI, $WEVE, $CRV, $GEIST, $MULTI, $REN, $SPELL, and Saddle Finance
- Currently, no members have voted but the likely pools to be voted are:
- $WEVE - $USDC
- $GEIST - $FTM
- $MIM - $USDC
Read 9 tweets

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