rektdiomedes
rektdiomedes
PENDLE+2.26%
AAVE+2.19%
Daily Brypto Reps-Maxxing Some interesting things I'm looking at today... - Seeing discussion about taking @fraxfinance public via SPAC or IPO, including from founder @samkazemian, and what this would mean for the $FRAX token... very interesting... - @ethos_network Season 1 starting... trying to determine how much time to allocate to this... as always just too much cool stuff going on and never enough hours in the day! - Trying to rank higher on the @Mantle_Official Yapperboard... also I seem to be ranking decent for Kaito overall board and $QUAI board as well, so that is very cool... - Haven't talked a ton about $PENDLE lately but remain super bullish on everything going on with them as well (Boros, etc)... - Very interested to see if this Circle price action post-IPO leads to any kind of re-pricing of top defi blue-chips like $AAVE, $SYRUP, the aforementioned $PENDLE, etc... (certainly seems like it should)... But yeah, will paste some info on all of the above in subsequent tweets! --- Anyway, keep putting in the reps lads... before you know it crypto will be at $10T total market cap and we'll all be jacked, tan, wealthy, and wise 💪
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Re: $FRAX:
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Re $PENLE, from the great @PendleIntern:
Pendle Intern
Pendle Intern
All of you wild apes who get such a huge kick from trading price on leverage don't realize yet how mild this is vs. trading 𝑭𝑼𝑵𝑫𝑰𝑵𝑮 𝑹𝑨𝑻𝑬 on leverage Compared to price, Funding Rate volatility is a whole other beast. 194% delta within 8 hours? Child's play. @boros_fi isn't just built as a hedging ground for the big institutional players, though the extreme fluctuations do underpin the need for a way to turn this into a fixed stream. For retail investors, this is another potential dopamine-inducing avenue hyper short-term trades. With leverage. TL;DR Contrary to popular beliefs, yield trading and Boros aren't reserved for just the megawhales, it's a product designed for every user Soon 🫡
More info on Circle (this is a great account too - recommend following):
Jon Ma
Jon Ma
Wow. Circle at $84/share implies: - $22B company (Robinhood is ~$64B) - 87x net income (#2 right behind Chime) - 24.5x gross profit (#2 right behind $Hood) ~40% gross margin (lowest besides Square) - 58% YoY growth (#1 in fintech comp) Insane demand by retail / institutions for pure play exposure to stablecoin growth. Congrats @jerallaire and @circle!
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