Beanstalk's Future in DeFi: A Dev Update
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When the Beanstalk DAO suffered a gov hack last year, I thought the project was dead in the water. But after reading the latest updates and joining the last community call, I'm excited to see the progress they're making. 🧵👇 Beanstalk is working on a DEX architecture that minimizes toxic flow, gas costs, and maximizes composability with other protocols.

This includes the implementation of Wells 🧺, Pumps 🚰, Aqueducts 🟰, and Tractor🚜.

They like to use this 🧑‍🌾farmer terminology.

It´s #L222 season so I decided to do a price prediction of $HOP by relative comparison with the $ENS, $OP, and $PSP airdrop.

It´s based on the assumption that 🐰 $HOP will have a similar market cap at launch as $SYN and that only 50% of addresses will claim their tokens. 🧵👇... When doing such a prediction there are essentially 2 factors that you have to solve to determine the initial price:

1. Predicted Market Cap
/
2. Initial Circulating Supply
=
🐰 $HOP = x$