There's a lot of building & innovation from other chains to Metis, from Yield Aggregators, #DaaS models to Solidly forks.
Let's have a look at the most promising Tomb Fork yet.
RT, and as usual, let's dive.
RePATH Finance is a first algorithmic stable coin pegged to the value of 1 $Nett token via seigniorage. Its a multi-token protocol, launched on Metis Chain that consists of the following three tokens:
- $REPT
- $RePATH
- $ReBOND
What then makes them different from others?
While most Forks come with a promise of lucrative yield over long term sustainability, and fail more often than not, @repath_finance aims to build an ecosystem whilst maintaining said yield;
Cross chain integration with a different pegged token on each one.
If you didn't understand what I meant, Repath is seeking to build on multiple chains; first on Metis (taking advantage of the Eco's low tx cost and scalability), and subsequently to others, this indirectly spells more adoption for the Token and a budding ecosystem.
Most Tomb Forks exist on one chain, hence don't expand & innovate w the times.
Knowledgeable Crypto investors always rotate based on Money flow at the current time. A chain can undergo downtime *cough* solana or Fud of loss of core devs *cough* Fantom, and this affects tokens
..built on that chain. With the Multi chain feature, this will be negated.
That's not all.
Released their roadmap and the quality of things they're bringing.
So it'll just be not just a Tomb Fork, but a Yield Aggregator, Lending/Borrowing Dex and so much more.
Existing on different chains.
The ultimate, Tomb Fork with added functionalities and innovation.
The Team is commited to making this a reality, and what from what I hear, there's HUGE announcements in view for them.
An expert thread on the technicalities and how to earn for now with the Token by @kendrickNoble7
I'd do mine subsequently explaining the token's functionalities, but as always, I'm positioned and if you're new on $METIS, this is very much a project to watch out for.
Investing in $METIS Lowcaps? Or any eco for that matter.
4 main things I look at.
Might save you from some rugs.
Short 🧵, Like & RT.
1. Liquidity: The ease at which the token can be bought or sold, you can track liquidity with @dexscreener by inputting the contract code & searching.
Lower liquidity = Higher volatility.
Higher liquidity = Lower volatility.
Simply means the lower the liq, the easier it's affected by buys & sells and knowing this, you can manage your risk tolerance and know what you may be willing to invest in any token.
Lower liq doesn't mean bad, it may mean that the project is early and on the + side,