Thread by @JackNiewold

VeDAO has been playing 4D chess while the rest of us are just out here playing Solidly checkers.

These guys are the gigabrain hedge fund of the Solidly Wars.

Another $SOLID emergency thread; let me explain:

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If you're unfamiliar with what's going on, just think of Solidly as similar to $CRV and $SEX/$OXD as trying to compete against each other to become $CVX.

So VeDAO managed to secure enough TVL early on to get airdropped $SOLID tokens, starting out with approximately 5.3% of supply.

They locked with Solidex, allowing them to boost rewards, get control over Solidex tokens, get control over emissions, and farm lots of tokens.

But then, disaster: Solidex made an error in their protocol that caused votes to not go where they were supposed to at launch, leading to just a few liquidity pools getting SUPER HEAVILY incentivized.

This was bad for VeDAO because there were no liquidity incentives for the pools they wanted to vote on.

But there was a silver lining.

The pool that got ultra-boosted emissions was the $SOLID-$SOLIDsex pool, so suddenly there was a ton of liquidity for that pair.

For partnering with Solidex, $WEVE originally got an allocation of $SOLIDsex, a token that is basically a liquid wrapper of $SOLID.

When you've got a ton, it's hard to get rid of, and only has value within the Solidex pool.

But now, with $63m of liquidity in the pool, $WEVE could get SOLIDsex out and turn it back into $SOLID.

And they did just that.

Now they had a partnership with Solidex, a bunch of $SEX tokens, and a bunch of $SOLID.

And then 0xDAO gets ready to launch, the only competitor that can ruin Solidex's dominance.

It takes 450k $SOLID to become an official 0xDAO partner.

So what did $WEVE do?

They took the liquid $SOLID they pulled out and partnered with 0xDAO.

Meaning that now $WEVE can earn rewards and have control over two separate protocols.

It doesn't matter who wins the $SOLID wars: $WEVE is covered.

And with a whole round of huge incentives and huge liquidity attracted to the 0xDAO platform that launches today, there's only one player that's been able to benefit from both rounds of incentives:

$WEVE

Growing treasury, growing influence, growing token price.

This is based on my understanding of the info available.
But damn these $SOLID wars have been fun to track.

And damn $WEVE is looking might appealing at the moment.