Lets talk about this POS @StargateFinance@LayerZero_Labs Token Launch #Rug
TL/DR
1)Auction = Sniped
2)Launched DEX AFTER BC (dumb asf)
3)Crosschain Transfers not functional rugging all non-ETH BCs
4)Offer more supply @.25 while DEX/BCs trading higher fucking bonders👇🧵
1) Auction - 2 bots sniped which is annoying asf but happens often enough that you can get past it ... sad they didn't think of this given team has DeFi farmers who've dealt w this
2) Post-Auction, DEX Launched After BC rather than before as stated in Docs.
Ofc the BCs started wo a hitch trapping every non-ETH BC bc xchain transfers weren't functional
if DEX starts @.50c wtf buys higher on the BC? DEX launching 1st was meant to converge price (up ofc)
3) No Crosschain Transfers - this is lol bc its LITERALLY your only fkng job... nice POC lol
- You can't sell back the BC (not in the docs only discovered after asking team point blank)
- This screwed every non-ETH BC that couldn't access liquidity via the CRV pool
4) Sell More Discounted STG for "muh community"- Sorry we fkd you but juuuust letus finish by raising +$5M for POL by selling 20M more tokens @.25c while BC > .80 and CRV ~.77c ... dw anon you still can't transfer your tokens and here's ur CRV pool
I love/believe in crypto, and understand that launches will have issues but if you i)promise liquidity ii)alter launch steps iii)Sell more discounted tokens iv)screw most bonders&MOST IMPORTANTLY v)ur product Does Not work Im gunna complain ~$3B pre-product/launch=accountability
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1/ RONIN ($RON), the L2 gov token of the $AXS/$SLP ecosystem went live today. $RON is the first and only legit L2 GT in the market rn and its a hard comp bc it can be viewed as NFT platform, DEX, L1/L2, etc. So what's it worth? Smoll Shill 🧵👇Disclosure: Obvi long $RON #DYOR
2/ Thread Overview a) Total ETH Bridge TVL / DAU growth metrics / NFT Volume (Macro) b) Quantitative Analysis (Pool APRs, Comp Set Multiples, FV) / Qualitative Assessment (Micro)
3/ ETH Bridge TVL - $RON @$3.5B Bridge TVL is the #1 L2 and #4 overall behind L1s FTM/Poly/AVAX (this is after an 27% TVL decrease over the past 7d). Shit bro you're so early @l2beatcom doesn't even know $RON is #1 on the leaderboard yet👀🤫
Quick shill🧵on $RON and $SLP 👇 1) RONIN -the L2 of the $AXS ecosystem- is launching a new governance token $RON. RONIN currently holds >$8B in assets which is more than ALL other L2s combined (inc. VC shilled Arbitrum and Optimism). But guess what Anon ... There's MOAR
2) This token will be 100% community owned as its only farmable. So what's $RON worth? L2s = new L1 so IMO it'll be a TVL war for the sidechains. Higher TVL = higher valuation = more memes, gifs and more gfs for your gfs
3)$RON will issue 10% of the supply on day 90 (100M tokens), so assuming a 1x MC/TVL the table below shows APR sensitivity to farming RONIN based on various MCs and Pool Liquidity... Do you like 400% APR anon