degen, founder & trader 𖧹 ⬆️
somewhere on the blockchain
Joined June 2024
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ry4n retweeted
5% is a sharp drop they say
ahahhaahahhahaahhh
BREAKING: Crypto industry suffers 'largest bank heist in human history' as billions stolen in Binance hack
news.sky.com/story/crypto-wo…
ry4n retweeted
up is designed to stay efficient in low-volume environments through our gauge cap technology.
Less volume, and therefore fewer fees to be captured? Fewer emissions are emitted, meaning less dilution.
When volume increases on Robinhood, emissions expand to capture fee-generating liquidity, generating revenue for $UP lockers.
upfficiency.
ry4n retweeted
Here’s a chart to show why $UP actually has better fundamentals compared to early days of $AERO.
UP actually accumulated more revenue for holders while paying out less incentives than AERO.
Timeframe I used was when both projects started paying out emissions.
Clearly UP has been much more efficient in emissions because of dynamic emissions that only bribes LPs slightly more than fees.
All while generating a lot more revenue in the early days.
Ofc net revenue is still less than today’s AERO. But, that’s like comparing IBM’s revenue to MSFT’s when MSFT first launched.
Yet, many $AERO maxis still hate on my posts and think AERO will crush UP.
I love both projects, but clearly UP is the better product because of second mover advantage.
The reason why new tech is often better than old tech is because they can take all the good features, discard the bad ones, and improve upon the model.
Prices will reflect this 1-3 years from now imo.
ry4n retweeted
$UP will lead the charge when Robinhood starts up the engine again 🆙
Most investors don’t realize that up-2:native is actually pulling much better stats compared to base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 when looking at the first 3 months of both projects.
The dotted line below is the benchmark for UP to match AERO’s performance post launch.
You can see that UP generated significantly more holders revenue and still does by looking at the green line.
The average was a 1.99x multiple with 2.18x for the latest week of data.
UP also significantly outperformed AERO in price growth.
12x was the average and currently it is 9.1x.
But here’s the thing, UP’s circulating mcap multiple is much lower than the price multiple.
On average it was 2.95x higher than AERO’s but now reduced to only 1.31x even though price still commands a much higher multiple.
In other words, prices held much better while mcap ratio went lower because mcap did not balloon as much.
Why?
AERO didn’t have dynamic emissions day 1 and are still trying to implement it.
This means that AERO had a rampant inflation problem initially that UP did not have to deal with.
It’s like a company that heavily issued shares in the beginning regardless of how much revenue it generated.
UP is more like a company that issued shares in amounts that matched the revenue.
Not to mention that UP generates much more revenue than AERO in its early days and will be getting more RH support in the future.
I’m not saying AERO is a bad coin to buy, far from it. I think prices will still 5x from here.
I’m just tired of AERO maxis fudding UP when the actual data is better than most realize. The project is just in its early days.
Up only season soon imo.
ry4n retweeted
