$CRV wars. $CVX war chests.
$CTR. $CLEV.
$LSD wars. $FRAX, $LDO, $RPL.
$SD, $SGT, $BNC, $HORD.
Many convergent narratives unfolding.
He who controls the liquidity controls the blockchain.
New player in town.
🧵 $SOLID Thread. Read until the end for deep Alpha. [1/17]
$CTR. $CLEV.
$LSD wars. $FRAX, $LDO, $RPL.
$SD, $SGT, $BNC, $HORD.
Many convergent narratives unfolding.
He who controls the liquidity controls the blockchain.
New player in town.
🧵 $SOLID Thread. Read until the end for deep Alpha. [1/17]
$SOLID, @SolidlyDEX, launched at the very beginning of January on Ethereum.
Posed to be an improvement to Curve's Gauge & ve model, $SOLID is the most efficient on-chain liquidity gateway.
$SOLID is natively supporting gauges, bribes, stable and volatile pairs. [2/17]
Posed to be an improvement to Curve's Gauge & ve model, $SOLID is the most efficient on-chain liquidity gateway.
$SOLID is natively supporting gauges, bribes, stable and volatile pairs. [2/17]
Let's state just a few of $SOLID's official launch partners:
- $FRAX @fraxfinance
- #renBTC @renprotocol
- $YFI @iearnfinance
- $DEUS @DeusDao
We may've talked for long about $CRV and $CVX wars.
We'll soon start talking about $SOLID wars. [3/17]
- $FRAX @fraxfinance
- #renBTC @renprotocol
- $YFI @iearnfinance
- $DEUS @DeusDao
We may've talked for long about $CRV and $CVX wars.
We'll soon start talking about $SOLID wars. [3/17]
$SOLID's TVL is steadily increasing.
Marketcap and price action didn't take long to catch up.
With only 4% of Circulating Supply, $SOLID is trading at microcap levels.
Except it's one of the most interconnected DeFi protocols and now Curve's biggest competitor. [4/17]
Marketcap and price action didn't take long to catch up.
With only 4% of Circulating Supply, $SOLID is trading at microcap levels.
Except it's one of the most interconnected DeFi protocols and now Curve's biggest competitor. [4/17]
You may've already heard of $SOLID in the past.
$SOLID is the brainchild of @AndreCronjeTech.
Love him or hate him, he's one of DeFi's Godfathers.
Initially launched on $FTM, it featured immutable contracts and several tech problems, which led to inevitable exploits. [5/17]
$SOLID is the brainchild of @AndreCronjeTech.
Love him or hate him, he's one of DeFi's Godfathers.
Initially launched on $FTM, it featured immutable contracts and several tech problems, which led to inevitable exploits. [5/17]
The idea behind it, tho, was, well... $SOLID.
Model is clever and it gifts protocols seamless liquidity management.
So clever, that we've all seen how well $VELO @VelodromeFi shined on $OP.
@SolidlyDEX Team managed to rewrite the whole codebase and make it bulletproof. [6/17]
Model is clever and it gifts protocols seamless liquidity management.
So clever, that we've all seen how well $VELO @VelodromeFi shined on $OP.
@SolidlyDEX Team managed to rewrite the whole codebase and make it bulletproof. [6/17]
Why $SOLID matters?
He who controls the liquidity controls the blockchain.
We now have a direct $CRV competitor, free of cartels and malicious whales running it.
As we already mentioned, half DeFi is already backing it.
$SOLID is becoming a very precious resource. [7/17]
He who controls the liquidity controls the blockchain.
We now have a direct $CRV competitor, free of cartels and malicious whales running it.
As we already mentioned, half DeFi is already backing it.
$SOLID is becoming a very precious resource. [7/17]
$SOLID is still extremely undervalued.
4x from bottom. Definitely not stopping.
We were all too busy chasing the next $LDS, the next $CRV aggregator, that we almost forgot about this revolutionary piece of tech.
I expect market to catch up, fairly soon. You're early. [8/17]
4x from bottom. Definitely not stopping.
We were all too busy chasing the next $LDS, the next $CRV aggregator, that we almost forgot about this revolutionary piece of tech.
I expect market to catch up, fairly soon. You're early. [8/17]
What can you expect from Solid??? [9/17]
What's the play?
We cannot know yet if $SOLID's taking the on-chain liquidity throne.
What we know is that we're early and it's still criminally undervalued.
Concrete, decent 'guaranteed' upside; unlimited 'potential' upside.
You may position yourself accordingly. [10/17]
We cannot know yet if $SOLID's taking the on-chain liquidity throne.
What we know is that we're early and it's still criminally undervalued.
Concrete, decent 'guaranteed' upside; unlimited 'potential' upside.
You may position yourself accordingly. [10/17]
What's my play?
I learned from $CRV - $CVX playbook and when analysing $SOLID first thing I've done has been looking for a Convex-like aggregator.
@MonolithETH_ does that.
#moSOLID is Monolith's $SOLID receipt. [11/17]
I learned from $CRV - $CVX playbook and when analysing $SOLID first thing I've done has been looking for a Convex-like aggregator.
@MonolithETH_ does that.
#moSOLID is Monolith's $SOLID receipt. [11/17]
On @MonolithETH_, LP providers can get max boosted, just like on $CVX.
#moSOLID stakers accrue both $SOLID usual rewards, plus a % out of LP providers revenues.
$CRV has $CVX.
$SOLID has @MonolithETH_.
$CRV has $yCRV and $cvxCRV.
$SOLID has #moSOLID. [12/17]
#moSOLID stakers accrue both $SOLID usual rewards, plus a % out of LP providers revenues.
$CRV has $CVX.
$SOLID has @MonolithETH_.
$CRV has $yCRV and $cvxCRV.
$SOLID has #moSOLID. [12/17]
$CRV is now trading at $0.87.
$yCRV trading at $0.88 (at peg).
$cvxCRV trading at $0.77 (13.5% off peg).
$SOLID is now trading at 4.34.
#moSOLID is trading at $0.84(!!!).
#moSOLID is bearing 1 whole $SOLID worth of yield (+boosted LP revenues) for 81% less price. [13/17]
$yCRV trading at $0.88 (at peg).
$cvxCRV trading at $0.77 (13.5% off peg).
$SOLID is now trading at 4.34.
#moSOLID is trading at $0.84(!!!).
#moSOLID is bearing 1 whole $SOLID worth of yield (+boosted LP revenues) for 81% less price. [13/17]
#moSOLID allows for panic exits.
#moSOLID allows maximum $SOLID yield efficiency.
It's not meant to trade at exact 1:1 peg.
It's not meant to trade at 1/5th the price either.
I'm expecting a $cvxCRV kind of peg.
#moSOLID 4.5x to go.
That's my play. [14/17]
#moSOLID allows maximum $SOLID yield efficiency.
It's not meant to trade at exact 1:1 peg.
It's not meant to trade at 1/5th the price either.
I'm expecting a $cvxCRV kind of peg.
#moSOLID 4.5x to go.
That's my play. [14/17]
Useful links:
@SolidlyDEX
solidly.com
discord.gg/solidly
dexscreener.com/ethereum/0x642…
Best place to buy $moSOLID is on solidly.com/swap [15/17]
@SolidlyDEX
solidly.com
discord.gg/solidly
dexscreener.com/ethereum/0x642…
Best place to buy $moSOLID is on solidly.com/swap [15/17]
shoutout to @shitcoinartist for the alpha
Tagging some fellow threadors and DeFi chads @0x8020 @SirNilsGems @LouisCooper_ @BraverCrypto @RiddlerDeFi @ChadCaff @CryptoKaduna @MariusCrypt0 @Slappjakke
[16/17]
https://twitter.com/shitcoinartist/status/1616152902598262808"
Tagging some fellow threadors and DeFi chads @0x8020 @SirNilsGems @LouisCooper_ @BraverCrypto @RiddlerDeFi @ChadCaff @CryptoKaduna @MariusCrypt0 @Slappjakke
[16/17]
Eyeing some more $SOLID Beta plays.
Make sure to Follow, to make sure to read the next value drop.
Value first. Good thesis just need a bit of time to be proved.
If you liked the Thread, I'd really appreciate a RT.
They help me more than you might imagine. [17/17]
Make sure to Follow, to make sure to read the next value drop.
Value first. Good thesis just need a bit of time to be proved.
If you liked the Thread, I'd really appreciate a RT.
They help me more than you might imagine. [17/17]
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