A friend asked me: “Bedrock’s TVL is up 16.5%. Is that a good thing?”
I replied: It’s a positive signal for the protocol. TVL increased by $62.96 million in 24 hours, so it’s growing in scale. But it’s hard to say how much of that came from new deposits and how much from rising asset prices—and it’s even harder to say what that means for the price of $BR .
How would you answer?
#BR
This is not investment advice of any kind. You are responsible for your own profits and losses.
I replied: It’s a positive signal for the protocol. TVL increased by $62.96 million in 24 hours, so it’s growing in scale. But it’s hard to say how much of that came from new deposits and how much from rising asset prices—and it’s even harder to say what that means for the price of $BR .
How would you answer?
#BR
This is not investment advice of any kind. You are responsible for your own profits and losses.