Okay emergency $SOLID thread alert, this is too good.
The Solidly Wars are here, this is the narrative you need to be following, I'm so sure of it.
🧵
The Solidly Wars are here, this is the narrative you need to be following, I'm so sure of it.
🧵
1. A whale just printed a god candle on $SEX, with two separate $650k buys in the span of a few minutes. 
2. It's looking like there was a coding error that has lead to over-inflation in the first few weeks of Solidly emissions, leading to emissions being way front-weighted.
https://twitter.com/invadermeerkat/status/1498324234514452481?s=20&t=XsnQzZmjeUiYR8kdQjnwZw
2. (cont)
Which means:
• There will soon be a supply shock for $SOLID as emissions slow down much quicker than anticipated
• Platform liquidity may be affected as liquidity incentives slow down
Which means:
• There will soon be a supply shock for $SOLID as emissions slow down much quicker than anticipated
• Platform liquidity may be affected as liquidity incentives slow down
3. Andre Cronje, the founder and lead dev on Solidly, no longer has an active Twitter account.
Was it deleted? Suspended? No clue.
Was it deleted? Suspended? No clue.
4. 0xDAO
The folks over at 0xDAO are trying to launch their project (basically $CVX for $SOLID) as soon as possible.
If they get it out before the next epoch, they'll be able to usher in a new series of high APYs for Solidly LPs.
The folks over at 0xDAO are trying to launch their project (basically $CVX for $SOLID) as soon as possible.
If they get it out before the next epoch, they'll be able to usher in a new series of high APYs for Solidly LPs.
4. (cont)
If 0xDAO can't get ship their protocol, this deflationary bug might mean that $SEX has a strong first-mover advantage and will soak up most of week 1 emissions.
If 0xDAO can't get ship their protocol, this deflationary bug might mean that $SEX has a strong first-mover advantage and will soak up most of week 1 emissions.
5. $WEVE
I have no clue what's going on with we've but their chart is in up-only mode, 5xing in the last 5 days.
They're shaping up to be the $BTRFLY of the Solidly Wars, sopping up emissions and governance power, a mercenary protocol that only seeks to expand its treasury.
I have no clue what's going on with we've but their chart is in up-only mode, 5xing in the last 5 days.
They're shaping up to be the $BTRFLY of the Solidly Wars, sopping up emissions and governance power, a mercenary protocol that only seeks to expand its treasury.
6. Solidly is going cross-chain
Along with Andre Cronje's hint at Solidly coming to Avalanche, we've seen competitors pop up, planning to fork the project to Arbitrum and Metis, at least.
Along with Andre Cronje's hint at Solidly coming to Avalanche, we've seen competitors pop up, planning to fork the project to Arbitrum and Metis, at least.
https://twitter.com/invadermeerkat/status/1498324234514452481?s=20&t=XsnQzZmjeUiYR8kdQjnwZw
As always, you can help me out with a RT/Fav. We'll be covering Solidly a lot for the time being.
We're also planning on publishing a piece on $SOLID for Crypto Pragmatist Pro Subscribers: so if you're not signed up yet....
cryptopragmatist.com/sign-up/
We're also planning on publishing a piece on $SOLID for Crypto Pragmatist Pro Subscribers: so if you're not signed up yet....
cryptopragmatist.com/sign-up/
P.S. I'm still trying to wrap my head around the emissions schedule and if it's functioning as intended.
If you know what's going on please reach out.
If you know what's going on please reach out.
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