1/ Osmosis and Evmos are voting to give out ~$2.5M in 90 days to $OSMO / $EVMOS LPs
Current TVL on the pool is only ~2.1M USD, so more than 100% in rewards in 3 months 🧐
#DeFi yield farmer senses are tingling
Current TVL on the pool is only ~2.1M USD, so more than 100% in rewards in 3 months 🧐
#DeFi yield farmer senses are tingling
2/ Osmosis will match $EVMOS rewards to OSMO/EVMOS LPs with each side giving $1.24M in rewards
The votes are expected to end in two days, but both proposals will likely pass
Can read more here gov.osmosis.zone
The votes are expected to end in two days, but both proposals will likely pass
Can read more here gov.osmosis.zone
3/Yet $EVMOS (and $OSMO too) is highly inflationary
For the 1st year 750k $EVMOS are issued daily, which amounts to $1.5M USD in inflationary pressure!
Two days in new issuance is more than 90 days of rewards
For the 1st year 750k $EVMOS are issued daily, which amounts to $1.5M USD in inflationary pressure!
Two days in new issuance is more than 90 days of rewards
4/ Interestingly, the Evmos TVL on Osmosis is only $2.1M while its FDV stands at $2B
24h trading volume is only $1.5M
$EVMOS is yet to be listed on any major CEX (Huobi listing tomorrow), but it's still surprising to see such a low volume for a top 100 token
24h trading volume is only $1.5M
$EVMOS is yet to be listed on any major CEX (Huobi listing tomorrow), but it's still surprising to see such a low volume for a top 100 token
5/ In any case, we should see decent volatility for EVMOS as
- Rewards are increased, but liquidity is low
- Unlocks are released into low liquidity
- EVMOS gets listed on more CEX
A good bet to enter now for high rewards?
🤔
- Rewards are increased, but liquidity is low
- Unlocks are released into low liquidity
- EVMOS gets listed on more CEX
A good bet to enter now for high rewards?
🤔
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