jfc just looked at the last 24H on $PONS and it's a new record for everything
24H revenue: $391k (new high)
24H mkt share: 86% (new high)
7D mkt share: 76% (new high)
revenue momentum: +210% (new high)
not only that, but despite the price increasing, the revenue/MC multiple has actually DECLINED from around 2.3x to 1.5x in the last few days -> this means that its revenues are outpacing its price increase
as previously mentioned i took profits on some this week but it looks like they are going to be very bad sales at this rate
if we have another day like this, it's going to reprice to $200M+ mkt cap extremely quickly IMO.
JFC. Between cheeto face falling asleep, RFK Jr. shaking like a leaf like he's going through withdrawal, and some flight attendant wannabee holding her stomach twisting around like a loon, this is the most Hee Haw administration ever.
"so you staked your ETH on the Ethereum blockchain to earn yield?"
"yes, Dave"
"except you didn't want your capital to be locked up so you actually staked it with a liquid staking protocol called Lido?"
"that's correct, Dave"
"and Lido gave you a liquid staking receipt token called stETH in return?"
"yes, Dave"
"and then you didn't think that was enough, so you juiced the yield even further by depositing your stETH receipt tokens into a restaking protocol called Eigenlayer?"
"you are correct, Dave"
"and now you didn't want to lock up your capital, so you actually restaked with a liquid restaking protocol called KelpDAO who provided you with a liquid restaking receipt token called rsETH?"
"you got it, Dave"
"and then that was surely not enough juice, so you then deposited your rsETH tokens into a lending protocol called AAVE so that you could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero whose security is held together by a 1/1 toothpick, which was obviously hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry"
"you are 100% correct, dave"
jfc.