Quick scan of DeFi Llama
HYPE, LIT, AERO, PUMP, DRV, KNTQ, SYRUP, ENA, ETHFI, RAY, JTO, RAY, AAVE, LDO, STONK, ASTER, SKY, NEAR, DBR, PONS, PENDLE, CC, CARDS, AAVE, MET, RLB, JTO, META, KMNO
nfa dyor i am missing many names
Every token with buybacks should instantly re-rate on this
Delayed reaction bc it's Friday afternoon most likely
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Every token with buybacks should instantly re-rate on this
Delayed reaction bc it's Friday afternoon most likely
*SEC STAFF ISSUES FAQS ON CRYPTO ASSET SECURITIES LAWS APPLICATION
*SEC STAFF: TOKEN BUYBACKS ON FUNCTIONAL PROTOCOLS DO NOT CONSTITUTE MANAGERIAL EFFORTS
*SEC STAFF: LIQUID STAKING TOKENS ARE DIGITAL COMMODITIES OR TOOLS, NOT SECURITIES
*SEC STAFF: MAINTENANCE, ENHANCEMENTS, SYSTEM GRANTS NOT CONSIDERED ESSENTIAL MANAGERIAL EFFORTS
*SEC STAFF: PROMOTING CRYPTO UTILITY WITHOUT PROFIT CLAIMS GENERALLY NOT AN INVESTMENT CONTRACT
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Topher retweeted
NEW: U.S. SEC STAFF FAQS STATE "WHERE A CRYPTO SYSTEM IS FUNCTIONAL, AN ISSUER’S ANNOUNCEMENT OF A NON-SECURITY CRYPTO ASSET BUYBACK PROGRAM WOULD NOT CONSTITUTE A REPRESENTATION OR PROMISE TO UNDERTAKE ESSENTIAL MANAGERIAL EFFORTS"
"WHERE A CRYPTO SYSTEM IS NOT FUNCTIONAL, HOWEVER, SUCH AN ANNOUNCEMENT COULD CONSTITUTE A REPRESENTATION OR PROMISE TO UNDERTAKE ESSENTIAL MANAGERIAL EFFORTS IF THE ISSUER PRESENTS THE BUYBACK AS CREATING YIELD OR RETURN FOR TOKEN HOLDERS"
SOURCE: sec.gov/about/divisions-offi…
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Topher retweeted
*surprised Pikachu*
It's rotation season in crypto right now, fundamentals are starting to matter again, tokens are pumping based on their own uncorrelated bull cases. No more varying shades of $BTC or $ETH beta. These type of pear trades are a great way to capture one tokens idiosyncratic catalysts while not being fully exposed to the broader market.
Couldn't really ask for a more bullish backdrop specifically for $AERO here. Massive chain expansion into massive TAM expansion into huge tokenomic upgrade, all with a lot of sideliners.
This is just the test pump on the hint that @aeroxyz will be competing across every chain for the gargantuan pie that is tokenization. I've long thought that the massive improvements in the upcoming Aero upgrade are so multi-faceted and complex that the market would not appropriately price them in until after the update had been live for a few days-weeks.
$AERO bulls are starting to trickle in for the news, but they'll stay for when the flywheel really gets flywheeling. MetaDEX tokens, like $AERO, are some of the most reflexive assets in crypto; nothing runs harder when fundamentals align.
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Topher retweeted
Aerodrome just announced they’re launching on Robinhood Chain.
Just for reference, here is Uniswap’s DEX volume: all the red at the end of the chart is just RH chain.
Btw, UNI is up 3x since the summer.
Aero is set for takeoff 🛫
Launch date and details here:
aero.xyz/articles/aero-launc…
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Aero is set for takeoff 🛫
Launch date and details here:
aero.xyz/articles/aero-launc…
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Topher retweeted
Crypto spot volumes look to be at, or near, a cyclical low so we think its an opportune time to research quality DEX tokens. This is a summary of our latest research piece on Aerodrome sent to LPs earlier this month. Note DACM funds own AERO.
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Topher retweeted
DO YOUR JOB
"You can have all the talent in the world but if you’re not going to listen and be in the right spot every time and be accountable to do your job properly then you’re not going to play." (Julio Jones)
~ via Alabama Football #BamaCuts
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Topher retweeted
I stand by my AERO/UNI L/S optimism.
What's more iconic in crypto than to top on a CME futures listing.
Doubling down on the L/S and adding more spot $AERO too. The same Selig comments that are sending $UNI apply to $AERO.
Market is too afraid to bid $AERO pre update, I'm not. You get paid for the risk you're willing to take.
As right as I was on $DRV, I was very wrong on being long base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 vs a much smaller $UNI short these last 1-2 months. Just didn't adjust fast enough to how much RH Chain rerated $UNI.
However, I think now is the time to double (or more) down on that trade.
Chart courtesy of @pear_protocol, AERO/UNI looks extremely bottomed out here on a very long time horizon.
$UNI bullish catalysts are fully priced in, maybe even exceedingly so. $UNI has been traded as pure RH Chain beta, memecoin launchpad exposure, and now as tokenized equity exposure. Any invalidation on any those themes and the floor falls out for $UNI.
base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 on the other hand has barely caught any bid with the same tokenized equity tailwind, and the very soon to be $ETH mainnet deployment (maybe more chains? 👀).
base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 doesn't need to beat $UNI on mainnet or other chains to rerate dramatically, even just 20-30% of ETH spot volume moving to @aeroxyz would justify a pretty huge surge on the pair considering base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 is trading at 15% of the valuation.
The reason I prefer this as a pair trade (or pear trade since I used @pear_protocol) is that there's a very good chance they both move in the same direction from here, I just think base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 has way less bullishness to unwind if we local top, and WAY more upside if their @coinbase tokenized equities or ETH mainnet deployment surprise to the upside.
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Still laughing at @circle employees shilling three different dog memecoins day 1 of ARC mainnet
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Topher retweeted
Blockworks research estimating $AERO's internalized MEV product could generate $100-$200MM per year in additional revenue.
Better execution drives more volume drives more profitability for LPs drives more liquidity drives more volume.
AERO growth post Ethereum mainnet deployment is going to look very obvious in retrospect
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Topher retweeted
This cycle's main character @koolkrypto223 is doubling down on his base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 long and $UNI short
As right as I was on $DRV, I was very wrong on being long base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 vs a much smaller $UNI short these last 1-2 months. Just didn't adjust fast enough to how much RH Chain rerated $UNI.
However, I think now is the time to double (or more) down on that trade.
Chart courtesy of @pear_protocol, AERO/UNI looks extremely bottomed out here on a very long time horizon.
$UNI bullish catalysts are fully priced in, maybe even exceedingly so. $UNI has been traded as pure RH Chain beta, memecoin launchpad exposure, and now as tokenized equity exposure. Any invalidation on any those themes and the floor falls out for $UNI.
base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 on the other hand has barely caught any bid with the same tokenized equity tailwind, and the very soon to be $ETH mainnet deployment (maybe more chains? 👀).
base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 doesn't need to beat $UNI on mainnet or other chains to rerate dramatically, even just 20-30% of ETH spot volume moving to @aeroxyz would justify a pretty huge surge on the pair considering base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 is trading at 15% of the valuation.
The reason I prefer this as a pair trade (or pear trade since I used @pear_protocol) is that there's a very good chance they both move in the same direction from here, I just think base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 has way less bullishness to unwind if we local top, and WAY more upside if their @coinbase tokenized equities or ETH mainnet deployment surprise to the upside.
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Topher retweeted
Happy ATH OI for those who celebrate, it took the space a long time to heal from 10/10 but we out here.
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.@Kinetiq_xyz announces that Elysium Hyperliquid L2 mainnet goes live end of October
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@aeroxyz put out a blog on the details of their upcoming upgrade
The changes make Aerodrome more profitable, less prone to reflexive downside volatility, and aerodrome-finance:native accrues more value. TLDR below:
- Expansion to ETH mainnet and ARC -> 3x in TAM (I expect RH Chain soon)
- Multiple new products -> New revenue streams
- Momentum Fund -> Market aware/larger buyback & burn + protects against the negative flywheel
- Predictive Allocation -> Burns unneeded incentives to lower effective inflation while still ensuring market dominance
- 100% of value back to aerodrome-finance:native holders as always -> No VCs, no team unlocks
(Link in next tweet)
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