The Best Tokenomics
Introduction
Lots of new projects bring real innovation to the table and useful services to end users but most of the time the tokenomics don’t get the same fate. The token has no real use case besides useless governance, liquidity mining, team funding or insiders enrichment.
But that’s not always the case. There are also product market fit coupled with attractive tokenomics such as Curve stablecoins’ trading and the vote escrowed CRV (veCRV) or the Convex and the locking mechanism to receive bribes for boosting liquidity pools, KeeperDAO and ROOK, Serum and their burning mechanism based on trading fees generated, and many other projects.
Today we discuss a DEX which generates significant trading volume on a well known Ethereum L1 competitor and, which has brought innovative tokenomics aligning interests from long term token holders, liquidity providers and partners.
This protocol has been crushed over the past few weeks due to crypto markets’ weaknesses and so come at a huge discount to fair value given a 1Y forward dividend yield north of 50% (yes, the protocol is an actual cash cow) combined with good long term prospects.
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