Look at @hummusdefi hitting the #1 TVL spot on $METIS at ~$16M!
A bit of foreshadowing of what is to come with the rest of the #MetisMarathon over the next few weeks/months.
Volumes on $HUM are through the roof lately which means the incoming $veHUM swap fees are juicy.🧵 ⬇️
No information has come out on swap fee details. The 24hr volumes have averaged anywhere from $500k-$2M between stablecoins.
That is before $METIS incentives for $AAVE stablecoins show up onchain. Let's look at how $OP stables exploded with incentives... 📈
Let's speculate a bit... If you assume average volumes are ~$1M daily without AAVE incentives and a swap fee (haircut) of .5% is added, that means $5k a day or $1.8M a year for $veHUM stakers on top of the farming boost they receive. 🤯
$1.8M of swap fees while $HUM currently has a $2.92M MC.
This is before you consider $AAVE on $OP brought 3x stablecoins onto their chain. With that assumption, you could do some quick math.. $1.8M x 3 = $5.47M paid to $veHUM stakers. 2x the circ MC in rewards on top of boosts
The #MetisMarathon is also incentivizing builders to come on chain.
IMO, it's only a matter of time before a dev team steps up and $HUM gets it's own aggregator on. Similar to $PTP being aggregated by $ECD & $VTX, a project accumulating $HUM has the potential to moon $HUM.
Hard not to be bullish on @hummusdefi. Heavy speculation in this thread but hard to find a better place to stake stables w/ pools all paying 40%+ even after the TVL recently doubled.
I think swap fee details are the next catalyst, hang tight.
A massive $DC airdrop, billions of $$$'s flowing in from Robinhood, and devs building an onchain ecosystem means Elon is no longer $DOGE's biggest catalyst.
$DC has potential to be one of the largest web 3 catalysts for new users ⬇️ 🧵
Frontrunning liquidity is insanely profitable and Dogechain has the ability to bring the entire next wave of retail users.
Why? Well, @RobinhoodApp users will soon be able to bridge @Doge directly onto Dogechain which kickstarts the entire ecosystem.
The majority of DOGE holders have yet to hold crypto outside of a CEX. In fact, as of March, $5.8 billion worth of $DOGE is on Robinhood which makes up 30%+ of the circulating supply.
That DOGE is worth about $3B currently but was worth as much as $30.5B at ATH. 👀
L2's have picked up steam due to cheaper fees, more builders, and constant bridge hacks.
$METIS is next up to explode with DeFi bluechips on the way, a $100M incentive program, a new smart ecosystem, and multiple small projects launching new versions. Don't fade it.
Details 🧵
$METIS recently announced their #MetisMarathon Campaign which is a $100M incentive campaign spread over 26 weeks for projects to build on $METIS.
$METIS is $150M MC but offering $100M in incentives, builders will flock in due to the bear market
@AuraFinance This was my first time doing a deep dive of @BalancerLabs so unfortunately some of my numbers were a bit off due to dated content or misunderstanding of numbers from new tools like Token Terminal.
There has been a lack of car-related web-3 projects IMO. Last week on Twitter Spaces, @Peter_GarageXYZ sold me on @GarageXYZ which is building toward a decentralized Indy/F1 Team.
Sick art, great perks, a talented team, and stacked with F1/VC advisors...
I was super impressed by the planning around events with tickets, hotels, and insane experiences at these events. Perks that you can't get as an everyday fan.
I was grilling @Peter_GarageXYZ on the twitter spaces about this, highly recommended to listen!
Their first mint was Gen 500 which minted out. Gen 1500 is their second collection and minting now with a few hundred left last I checked.
It's been a slow mint for gen 1500 but for a long-term hold like this, it doesn't bother me.
$TSLA, $BTC, the most powerful investors in the world, and why you should be paying attention to $TSLA shorts right now...
We are in for a rollercoaster that has the ability to rock both the stock and crypto markets.
Let's dive in ⬇️ 🧵 ⬇️
Some of the largest and most powerful investors in the world are betting against $TSLA here.
In April, it was leaked that Bill Gates had a $500M short position against the company. He reached out about philanthropy and well, Elon wasn't happy...
After $TSLA continued to rise, Bill Gates added to his position.
Elon claimed that $1.5-2B would be needed to close the position in a statement the last week of May. Post-divorce his NW is estimated at $130B, meaning this is a high conviction play.