Hi HODLers,
It has been a good couple of days on the Financial and Crypto Markets and that feels GOOD!
The BTC and ETH BigBoys have strongly bounced and other cryptogems such as Hive or Fantom have also performed quite well.
Curve style Wars: The hot thing!
You can go to one of my last article to see how this work for SpiritSwap, an AMM on the Fantom Network : $87k Upcoming Bribes for $inSPIRIT HODLers. FYI, I did not update the article but it is actuallt $120K bribes for the current week.
Nevertheless, as I was asking about the different players and voting powers, I have been given this link which is quite cool to follow the Spirit Wars. Do you know of any other links for other BribeWars (Curve, etc...)? I really like to look at the charts and find some discounted wrapped governance tokens and try to find value where it is.
In the Spirit example, there is a weekly emission of c.$100-130k of new $SPIRIT. While we have now higher $ for bribes. Therefore you are bow getting more $APR on bribes (not linked to SPIRIT inflation) than from the overall staking thing!
As the emission curve is rapidly decreasing, this is a very positive factor for long-term $SPIRIT price and ecosystem.
As said multiple times, I believe the best winSpirit token is rainSpirit as I can freely stake them in the bribe pool I want and it is very transparent.
In addition to all of this, it is currently trading at a discount to $SPIRIT which I do not understand. It has been slowly getting closer to the PEG but it is not there yet :D.
If you have more questions, please post them in the comments.
Stay safe out there,
