Turn $56 to $858 using this RWA farming play!
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My thesis is that RWA adoption become more and more popular. Especially with non-crypto correlated yield like
@onrefinance
Currently they have 170M in TVL which I think will just grow massively by end of the
@ExponentFinance maturity.
I have my passive loops at loopscale and its earning me 20+% yield + OnRe Points.
But if you want to get exposure to points without much capital, YT in exponent make sense.
Current implied entry was 13% but the underlying rn is 12.19% + 8x Onre points. Suppose we just use 11.96% as underlying all through the maturity, the 1000$ yt purchase would give you roughly 944$ back and estimated 20M+ points. So you "bought" points for 56$.
If we project that the total points of OnRe surges to 200B and they launch at 100M FDV with 8% allocation, that 56$ would be $858.
These are just projections and it still depends on the allocation %, FDV launch, and points during snapshot.
NFA
Join onre here: