A short thread about @pylon_protocol and why I still see a bright future ahead of it...
...despite the recent price action of $MINE.
Enjoy the read!๐งต
/1
...despite the recent price action of $MINE.
Enjoy the read!๐งต
/1
Pylon has taken a fair share of beating - for a good reason. Their only product that is already out - Pylon Gateway - provided pretty much no incentive to long-term $MINE stakers.
Even though such benefits would be expected for a launchpad... and were promised.
/2
Even though such benefits would be expected for a launchpad... and were promised.
/2
After listening to the (not so recent anymore) episode of the @mightywhalepod with @limowooj I got a feeling (for the first time in a loooong time) that the project team actually listens to feedback and works to implement it - sooner or later.
But that would not be enough...
/3
But that would not be enough...
/3
The actual reason is that Gateway is just a PoC - something Pylon did just to gain real-life experience with handling their real product:
Yield redirection (YR).
What the hell is it and why would that matter? Let me explain.
/4
Yield redirection (YR).
What the hell is it and why would that matter? Let me explain.
/4
Do you have any subscription? Netflix? Spotify? M365 package? Gym membership?
Many services turn from "pay once, enjoy lifetime license" to "pay as you go, SaaS" model. Simply because it is more profitable for the software companies.
Well, YR might actually switch it back.
/5
Many services turn from "pay once, enjoy lifetime license" to "pay as you go, SaaS" model. Simply because it is more profitable for the software companies.
Well, YR might actually switch it back.
/5
What Pylon - or their partners directly - may offer in the future is an option to deposit once and pay never.
Netflix Premium is $18 a month. You might want to pay that.
Or, you could deposit 1300 $UST to Pylon and never pay a thing again.
/6
Netflix Premium is $18 a month. You might want to pay that.
Or, you could deposit 1300 $UST to Pylon and never pay a thing again.
/6
In the background, Pylon would put your $UST to @anchor_protocol Earn and get 19.5% yearly (~1.5% monthly) and *redirect* the yield to Netflix, for a 10% fee.
Simply enough - pay once, use at will.
/7
Simply enough - pay once, use at will.
/7
And the good thing is:
whenever you get bored of Netflix, you can just withdraw your $1300 in full.
So the only cost to watch, listen, benefit of any service that requires regular payments, is to lockup your money for as long as you use it.
/8
whenever you get bored of Netflix, you can just withdraw your $1300 in full.
So the only cost to watch, listen, benefit of any service that requires regular payments, is to lockup your money for as long as you use it.
/8
SaaS market is expected to hit $300B soon enough, with projections of ~$450B in 2025.
If @pylon_protocol captured just 1% of that market, we are looking at:
* $3B yield redirected
* $18B TVL
* 27M $UST for buybacks of $MINE just from that (forget the Gateway - just an extra)
/9
If @pylon_protocol captured just 1% of that market, we are looking at:
* $3B yield redirected
* $18B TVL
* 27M $UST for buybacks of $MINE just from that (forget the Gateway - just an extra)
/9
That alone might and likely will drive the price up. With how dedicated of a community #LUNAtics are, I have no doubt many of us will use the feature.
/10
/10
I hope you enjoyed the thread!
If you made it here, why don't you let us both benefit from the ongoing @pylon_protocol campaign with @valkyrie_money and earn 100 $MINE?
/11
If you made it here, why don't you let us both benefit from the ongoing @pylon_protocol campaign with @valkyrie_money and earn 100 $MINE?
/11
All you need to do is:
* have 50 $VKR in your wallet
* stake 500 $MINE at app.pylon.money
* use the link below to deposit 200 $UST in the $MINE pool 1 (the APR is at 67% right now = you're buying $MINE at ~$0.03, much below the market price).
gateway.pylon.money
/12
* have 50 $VKR in your wallet
* stake 500 $MINE at app.pylon.money
* use the link below to deposit 200 $UST in the $MINE pool 1 (the APR is at 67% right now = you're buying $MINE at ~$0.03, much below the market price).
gateway.pylon.money
/12
Now, that's really it! :)
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