Closing out the week with another ~$90 in RWAs claimed by solana:4iCRYJHvwUE21duaQ1nQcUXkh7wYNQai9aBihd3FBAGS holders just for holding thanks to
@VaultBags. We’ve now passed $3.6K claimed in total, with almost another $1.1K still sitting there ready to be claimed.
Almost 41% of the entire solana:4iCRYJHvwUE21duaQ1nQcUXkh7wYNQai9aBihd3FBAGS supply is locked. The vast majority of it is locked for more than a month, and weighted by the amount of tokens locked, the average lock is nearly 4 months. Some absolute goats have even locked for up to 3 years. Every locker can earn up to 50% extra RWA rewards for that conviction through the
@streamflow_fi lock boost.
I’m working every day to keep pushing solana:4iCRYJHvwUE21duaQ1nQcUXkh7wYNQai9aBihd3FBAGS higher. Yesterday I shipped a few more updates, including some automation aimed at keeping the
@VaultBags account active even while I’m heads down working on the product.
Slowly, then all at once.
This week I’m hoping to start dropping some sneak peeks of something I’ve been working on. I think quite a few of you are going to like this one.
3 cool RWA facts to wrap up the week:
-GOLD: Gold ripped more than 13% in August, its third-best month in the last 25 years. Boomer asset casually having a memecoin month.
-SPYx: Almost 9 out of 10 S&P 500 companies beat earnings expectations this season. TradFi companies have been cooking.
-US TREASURIES: The 10Y Treasury yield came within a hair of 5% this week, reaching levels not seen since 2023. Nearly 5% on one of the safest trades in TradFi is pretty wild.
CC:
@BagsHackathon @BNNBags @finnbags @BagsApp @MeteoraEco