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Emily Vuong
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🔥$ETHFI on Binance - copy of the 2008 crisis crypto version?
🔶The other day there was a post about $ETH being largely in the hands of a small group of super whales.
- Will they sell $ETH -> definitely not right now. They want to hold $ETH, but they also want to stir up defi, but besides staking on Lido and protocols, there are no other games. So how can I avoid selling $ETH and still be able to fight?
- The brains of these elites will never sit still and watch those assets become illiquid, they will have to come up with a game to liquidate all that $stETH. And LRT was born.
🔶You stake $ETH on defi protocols -> free-float on the exchange decreases, the amount of $ETH floating becomes increasingly scarce.
- But that means the money is buried in the pool and nothing can be done with it -> LRT solves this problem. You hold $stETH, $rETH... (essentially a debt paper, the staking protocol owes you). And you continue to hold the debt paper to continue lending.
- The TVL of LRT protocols increased like crazy, even $ETHFI increased 25 times in 3 months, but there was really no new money, but the amount of $ETH that was previously staked.
🔶This is a copy of the origin of the real estate crisis in the US in 2008.
🔥This retake game will be pushed crazy as high ROI game ponzis continue to appear thanks to holding $stETH (or other derivative tokens based on $ETH).
Our job now is to scoop up $ETH, put it up to stake and go retake in the top 5 LRT protocols. No matter what the game is, let MM and the super whales they draw.
Looking at the top 3 liquid staking projects such as Ether.Fi, Puffer Finance, and Renzo, Binance is all present.
EtherFi top 1 TVLlaunchpool Binance,
Ranked 2nd is Puffer Finance, also invested from BinanceLabs (TBD) in January 2024.
Renzo received $3.2M in Seed round investment from BinanceLabs at a valuation of $25M.
Binance has always been a game maker. And with the huge TVL of LRT projects, it is likely that we will soon witness LRT projects with capitalization reaching the top 10 of the entire market this year.
🔶The other day there was a post about $ETH being largely in the hands of a small group of super whales.
- Will they sell $ETH -> definitely not right now. They want to hold $ETH, but they also want to stir up defi, but besides staking on Lido and protocols, there are no other games. So how can I avoid selling $ETH and still be able to fight?
- The brains of these elites will never sit still and watch those assets become illiquid, they will have to come up with a game to liquidate all that $stETH. And LRT was born.
🔶You stake $ETH on defi protocols -> free-float on the exchange decreases, the amount of $ETH floating becomes increasingly scarce.
- But that means the money is buried in the pool and nothing can be done with it -> LRT solves this problem. You hold $stETH, $rETH... (essentially a debt paper, the staking protocol owes you). And you continue to hold the debt paper to continue lending.
- The TVL of LRT protocols increased like crazy, even $ETHFI increased 25 times in 3 months, but there was really no new money, but the amount of $ETH that was previously staked.
🔶This is a copy of the origin of the real estate crisis in the US in 2008.
🔥This retake game will be pushed crazy as high ROI game ponzis continue to appear thanks to holding $stETH (or other derivative tokens based on $ETH).
Our job now is to scoop up $ETH, put it up to stake and go retake in the top 5 LRT protocols. No matter what the game is, let MM and the super whales they draw.
Looking at the top 3 liquid staking projects such as Ether.Fi, Puffer Finance, and Renzo, Binance is all present.
EtherFi top 1 TVLlaunchpool Binance,
Ranked 2nd is Puffer Finance, also invested from BinanceLabs (TBD) in January 2024.
Renzo received $3.2M in Seed round investment from BinanceLabs at a valuation of $25M.
Binance has always been a game maker. And with the huge TVL of LRT projects, it is likely that we will soon witness LRT projects with capitalization reaching the top 10 of the entire market this year.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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