It's been 3 weeks since I questioned @realpeterjm and @jasperflux about burning unlocked treasury tokens without any buybacks. Still no answer.
But the bigger picture is becoming clearer.
I suspect Peter and Jasper may be prioritizing cash reserves while base:0x306acd0c07c430abbbb2e74ef7bde94f32a898c0 continues to face selling pressure, potentially preparing for an eventual wind-down.
Stefan (Head of Strategy) is gone. Several devs have reportedly left too. This lead to tons of base:0x306acd0c07c430abbbb2e74ef7bde94f32a898c0 token finding exit liquidity. Who's next? My guess is Ben @BlJuane.
It's a sad ending for @sedaprotocol.
🤖 Made with AI
@sedaprotocol just printed a new ATL
Now?
No community.
No investors.
No buy back and burn (team unlock from treasury and burn without explaination explorer.seda.xyz/accounts/s…) -> @realpeterjm or @jasperflux should explain about this
Just inflation and lower lows. 💀
From ~$0.25 to $0.017.
At this point it's hard to believes the next “$SEDA burn” headline anymore....
So yeah… Uptober only for volume....
@sedaprotocol just printed a new ATL
Now?
No community.
No investors.
No buy back and burn (team unlock from treasury and burn without explaination explorer.seda.xyz/accounts/s…) -> @realpeterjm or @jasperflux should explain about this
Just inflation and lower lows. 💀
From ~$0.25 to $0.017.
At this point it's hard to believes the next “$SEDA burn” headline anymore....
So yeah… Uptober only for volume....
Here’s a summary of @sedaprotocol Q3. Honestly, the inflation is still pretty scary. Just imagine base:0x306acd0c07c430abbbb2e74ef7bde94f32a898c0 somehow pumps back to $0.10 — with 70,700 SEDA entering circulation every day, that’s roughly $7,070 worth of daily inflation. How many projects would SEDA actually need just to generate enough fees to buy back and burn that amount every single day?
We’ll probably need at least another six months or even 1 year before we can really see how this project plays out — whether it fades away or actually turns into something meaningful
base:0x306acd0c07c430abbbb2e74ef7bde94f32a898c0
so Stefan still work at SEDA? I saw he change his profile from linkedin. btw if injective still using seda why when Dreamcash shutdown, daily seda burned go straight to zero
It’s sad to see that the team’s efforts over the past few years still haven’t been rewarded as they deserve. What makes it even worse is that two live products using SEDA—Dreamcash and Injective—have shut down. It’s even more disheartening to see some core developers, as well as Stefan himself, leave the company 😔
🤖 Made with AI
base:0x306acd0c07c430abbbb2e74ef7bde94f32a898c0 has lost 6 more validators compare with 1 month ago....
$SEDA expanding beyond Hyperliquid is great to see. New ecosystems, new opportunities—and perhaps, finally, A New Hope
ComputeIndex is @talistrade - Udai Khattar is one of the founders of Compute Index which still operates its data provision for compute testnet.globalcompute.exchan…
As well as @StratiumX on HIP3 is @Outcomexyz on HIP4 pending Hyperliquid making the right call to allow external Oracle deployment for resolutions
Not sure who @Perpsdotfun team has talked about publically so I won't disclose the shortlist there.
Also @TrueCurrentX markets are all powered by SEDA.
On the HIP3 side the $HYPE bullrun locked out a lot of deployers and outside of perpsfun I personally dont see many new deployers there.
SEDA has expanded out of HL in parallel to the above projects. Next projects we go public with likely to be non HL eco projects (unless perp teams finalise there deployments)
Discord's closed but you can tag me in anything you want public ansers to
A massive $SEDA tokens has been dumped onto the market, sending price to a new all-time low after its largest client officially announced its sunset. Is this the beginning of the end for the @sedaprotocol? HIP-3 burns SEDA and HIP-4 burns SEDA are now nothing but memories
With the Vulcan release, $SEDA’s fees have already dropped by roughly half from normal levels. With @dreamcash now sunsetting, the situation could get even worse.
The key question is whether SEDA can recover from this and attract enough new customers to offset the decline...
