BAL from "Can the betting agreement be made to work?" to "How much can be made from betting settlement?".
A proposal that completely changed the narrative’s trajectory.
The price in three hours rose from 0.111 to 0.118.
Market cap is $8.12M; the treasury asset estimate is at least $9M.
Based on circulating supply, the book value is 0.129, while the current price is 0.116—about an 11% gap.
It looks like a bargain.
But that 11% isn’t free.
The Snapshot vote from Sep 25 to 29 needs to get over 5 million BAL to meet the quorum; whether it passes is still up in the air.
The treasury list isn’t complete yet, and redemptions won’t have a window until May 2027,
with dividends paid as physical assets, not cash.
Whether V3 can even get running is still uncertain, and revenue is still declining.
This round of gains is from arbitrage positions and short-covering, not from people suddenly believing the agreement can be made to work.
79 quote tweets versus 35 reposts—the market is arguing whether this framework holds water, not confirming the outcome of the vote.
What really determines this is that vote, not this post itself.
$BAL #DeFi
A proposal that completely changed the narrative’s trajectory.
The price in three hours rose from 0.111 to 0.118.
Market cap is $8.12M; the treasury asset estimate is at least $9M.
Based on circulating supply, the book value is 0.129, while the current price is 0.116—about an 11% gap.
It looks like a bargain.
But that 11% isn’t free.
The Snapshot vote from Sep 25 to 29 needs to get over 5 million BAL to meet the quorum; whether it passes is still up in the air.
The treasury list isn’t complete yet, and redemptions won’t have a window until May 2027,
with dividends paid as physical assets, not cash.
Whether V3 can even get running is still uncertain, and revenue is still declining.
This round of gains is from arbitrage positions and short-covering, not from people suddenly believing the agreement can be made to work.
79 quote tweets versus 35 reposts—the market is arguing whether this framework holds water, not confirming the outcome of the vote.
What really determines this is that vote, not this post itself.
$BAL #DeFi