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JayOw | Hanyon Analytics
@jayowtrades
50% Risk Manager, 50% procrastinator Building Hanyon Analytics
Joined January 2022
3.6K Following    6.5K Followers
Turn $56 to $858 using this RWA farming play! -------------------- My thesis is that RWA adoption become more and more popular. Especially with non-crypto correlated yield like @onrefinance Currently they have 170M in TVL which I think will just grow massively by end of the @ExponentFinance maturity. I have my passive loops at loopscale and its earning me 20+% yield + OnRe Points. But if you want to get exposure to points without much capital, YT in exponent make sense. Current implied entry was 13% but the underlying rn is 12.19% + 8x Onre points. Suppose we just use 11.96% as underlying all through the maturity, the 1000$ 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:
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