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.

hummusexchange.medium.com/the-hummus-han…
If swap fees send $HUM price, APR's follow. Tons of speculation in this thread but it helps paint the future of $HUM.

What I'm saying is... $HUM TVL to $50M+ very soon.

Until then, it's a race of accumulation. Some might even call it a marathon... pun intended.

GL 📈
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More from @SmallCapScience

Aug 26
Everyone is sleeping on @DogechainFamily.

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 ⬇️ 🧵 Image
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. Image
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. 👀 Image
Read 31 tweets
Aug 4
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

Large Projects have already began taken notice with $SUSHI being the first to launch.

$SUSHI is due for a redemption arc of their own with their new Trident AMM.

Great piece on what SUSHI brings to METIS by @apollo_wayne - medium.com/@apollowayne/w…

Read 28 tweets
Jul 13
I'll bite on this. I respect you tagging me knowing I have an opposite opinion.

$AURA gets compared to $CVX because it's the first mover and blue-chip aggregator but the models are different.

Great research, here are some responses to your tweets.

To start, only $10M $AURA is locked which controls the $16M of $veBAL... $4.24 per AURA

A large % of the circulation is locked. Gauges rewards for Aura/ETH going live today will mean a large % of circulation join LPs, not locking.

So in order to fit AURA cap, veBAL would need to 2.5x but it's growth of veBAL annualized is already at 90% (nearly 2x).

This shouldn't be hard to fill the gap just based off of Aura's growing TVL of Balancer LP's. The BAL earned by LPs becomes veBAL.

Read 20 tweets
Jul 10
We've seen explosive growth from @AuraFinance and it is just getting started.

Let's dive into what drove this growth, current catalysts, and why this squeeze might continue. I'll hit on the angles most of the public has missed.

Free Alpha ⬇️ 🧵 ⬇️
@AuraFinance I've released several tweets on @AuraFinance over the past few weeks if you haven't been keeping up with my content.

I'll leave them here for those of you who want to catch up on my original thesis.

Original Thread:
@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.

Here are some of the corrections:
Read 34 tweets
Jul 8
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...
Image
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! Image
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.

Read 4 tweets
Jun 29
Speculation thread!

$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...

futurism.com/elon-musk-bill…
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.

bloomberg.com/news/articles/…
Read 44 tweets

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