Thread by @0x_Specter

1/15 Seeing too many "Missed out $ARB airdrop, here's 420 drops..."-esque threads????

✨ WANT TO $MUTE THE NOISE CREATED BY $ARB AIRDROPPERS???✨

2/15 @zksync's main net launch is around the corner & omega chads like @Defi_Maestro are alr looking at $ZKS projects.....

Figured I threw @mute_io's name in for consideration.

✨ Coverage 🧵on @mute_io: Overview, Tokenomics, Catalysts, Risks, Mitigating Factors & Valuation ✨

https://twitter.com/1274013158974255104/status/1638136102065414146

@zksync @Defi_Maestro @mute_io 3/15 📌Overview of @mute_io📌

@mute_io is a DeFi platform building a liquidity hub for all protocols built on the @zksync ecosystem.

Its flagship dApp (Mute Switch) comprises of:
1️⃣ AMM DEX
2️⃣ Bribing / Amplifier Platform
3️⃣ Bond Platform

@zksync @Defi_Maestro @mute_io 4/15 📌Tokenomics of $MUTE 📌

1️⃣ Buy $MUTE
2️⃣ Lock up between 7-364 days
3️⃣ Receive $dMUTE based on # locked days

$dMUTE is a soul-bound token locked to address (w/o ability to transfer but w ability to delegate)

@zksync @Defi_Maestro @mute_io 5/15 📌Tokenomics of $MUTE📌

$dMUTE is also used for bribing votes for @mute_io's Amplifier platform

dMUTE votes carry over to ALL Amplifiers (ie. if you are providing LP to 2 Amplifiers, your dMUTE balance is not split up)

👑 dMUTE votes are KING for @mute_io's Amplifier 👑

@zksync @Defi_Maestro @mute_io 6/15 ✨Catalyst 1: Go-To Liquidity Hub of @zksync's Ecosystem ✨

✅ @mute_io is the pioneer #ZKDEX #AMM to be launched on #ZKSync

✅ Extensive offerings (v. its peers) builds upon @Mute_io's First Mover Advantage to solidify its market leadership

@zksync @Defi_Maestro @mute_io 7/15 ✨Catalyst 2: Capital Rotation ✨

✅Riding the tailwinds of $ARB's airdrop hype, @OnchainDataNerd reports an uptick in activity on @zksync

✅Likely capital rotation into @zksync driven by its impending main net launch & high potential for airdrop incentives on ZKSync

https://twitter.com/1558634109890875392/status/1638103229669195777

@zksync @Defi_Maestro @mute_io @OnchainDataNerd 8/15 ✨Catalyst 3: #RealYield l Sustainable Model ✨

✅Rewards are fully funded from a/ buybacks and b/ treasury

✅Zero Token Based Inflation allows effective token value retention; benefiting EVERYONE instead of just select few early entrants

@zksync @Defi_Maestro @mute_io @OnchainDataNerd 9/15 ❗Risk & Mitigating Factors❗

🙇‍♂️Before the valuation (NFA), please read the risk factors & mitigating factors. Always DYOR!🙇‍♂️

📌RISK 📌
$MUTE has a fully circulating supply & a large free float token balance. Presents risks of getting dumped on by the team & early users

@zksync @Defi_Maestro @mute_io @OnchainDataNerd 10/15❗Risk & Mitigating Factors❗

✅ MITIGATING FACTOR ✅
From the explorer, we see that Wallet 2 (Likely Founder's) has never sold much from the start. In fact he even LP-ed a lot, which serves as a robust vote of confidence & conviction in @mute_io

etherscan.io/token/0xa49d74…

@zksync @Defi_Maestro @mute_io @OnchainDataNerd 11/15 💰Valuation Analysis 💰

1️⃣ Comp Selection
Shortlisted DEX peers built on L2 ecosystems ($GRAIL $VELO) for compatibility

2️⃣ Methodology
Applied peer's volume on $MUTE's TVL/Vol. multiple to establish an indicative valuation range

@zksync @Defi_Maestro @mute_io @OnchainDataNerd 12/15 💰Valuation Analysis 💰

3️⃣ Valn Range
Assume $MUTE achieves $VELO Vol: ~1.9x / 94% upside potential
Assume $MUTE achieves $GRAIL Vol: ~2.5x / 151% upside potential

✨ Volume growth assumption is underpinned by @zksync's main net launch driving uptick in user activity ✨

@zksync @Defi_Maestro @mute_io @OnchainDataNerd 13/15 TLDR --> If you are hunting for $ZKS gems, then definitely keep an eye on @mute_io

Catalysts:
1️⃣ Go-To Liquidity Hub of @zksync's Ecosystem
2️⃣ Capital Rotation Post $ARB Launch
3️⃣ Sustainable Model Strengthening $MUTE's Value Retention

@zksync @Defi_Maestro @mute_io @OnchainDataNerd 14/15 ICYMI, I've also written a thread explaining the different types of ZKEVM so your friends cant make you drink for not knowing better.

Cough cough @0xjlow @LionelPek

https://twitter.com/0x_Specter/status/1633079427390377987

@zksync @Defi_Maestro @mute_io @OnchainDataNerd @0xjlow @LionelPek 15/15 I hope you've found this thread helpful.

Let me know your thoughts and comments.

Thanks for reading to the end, it truly means a lot to me~

Follow me @0x_Specter as I embark on my thread00r journey and share more musings on crypto & AI

@zksync @Defi_Maestro @mute_io @OnchainDataNerd @0xjlow @LionelPek Tagging some senpais:
@Defi_Maestro

@LandfSmile
@defi_mochi

@cornergirl999

@Chetanya_K
@LionelPek
@0xavarek

@chiayong_

@0xPoops

@0xjlow

@zksync @Defi_Maestro @mute_io @OnchainDataNerd @0xjlow @LionelPek @LandfSmile @defi_mochi @cornergirl999 @Chetanya_K @0xavarek @chiayong_ @0xPoops If anyone is interested in the valuation analysis I have done here, please feel free to comment below!

happy $ARB day everybody~

Please RT for more content from an ex tardfi survivor, will go more in depth on valuation analysis going forward if there is interest!

https://twitter.com/0x_Specter/status/1638793769410789376?s=20