MOST PEOPLE ARE SLEEPING ON BOTTOMED CHARTS.
Here's some alpha for free. No need to thank me.
$LDO secures $24B in TVL, the BIGGEST DeFi project
Marketcap? $347M.
That's about 1.4% of what it secures. And every dollar Lido earns is a cut of ETH rewards, which makes it a beta play on ETH.
Since this summer, the DAO has been buying back LDO. Supply outside the treasury is shrinking for the first time.
The treasury holds ~$120M about a third of the marketcap.
Born as a governance token, now it has buybacks.
The chart looks dead. The business doesn't.
Here's some alpha for free. No need to thank me.
$LDO secures $24B in TVL, the BIGGEST DeFi project
Marketcap? $347M.
That's about 1.4% of what it secures. And every dollar Lido earns is a cut of ETH rewards, which makes it a beta play on ETH.
Since this summer, the DAO has been buying back LDO. Supply outside the treasury is shrinking for the first time.
The treasury holds ~$120M about a third of the marketcap.
Born as a governance token, now it has buybacks.
The chart looks dead. The business doesn't.