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Bought more $S
No time for caution
Earlier this year, when $S was trading at higher levels, governance gave the green light to an ETF allocation. As the market cooled, we held off on minting those tokens, and no ETF tokens have been issued. When I came on board as CEO in late September, I chose to keep it paused.
At current prices, moving forward as originally proposed would require issuing a substantial number of tokens. That didn't feel right to me. Markets evolve, and it made sense to pause and reassess rather than follow a plan that no longer fit.
I remain convinced that institutional access is important for long-term growth, but timing matters. We’ve refined the approach to better reflect current market conditions, and the updated path forward and conditions for moving ahead are outlined in the blog linked below.
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🪂 Don’t fumble your @SonicLabs airdrop.
Shoutout to MCLB community member @remember_the_n for this clear breakdown👇
📌 Vesting details
📌 Exit penalties
📌 Paintswap orderbook
📌 DeFi utility rumors 👀
🪂Do NOT mess up your @SonicLabs airdrop.
Here is all you need to know, like how to maximize discounted buys and avoid huge exit penalties.
𝟏. 𝐈𝐭'𝐬 𝐧𝐨𝐭 𝐚 𝐧𝐞𝐰 𝐭𝐨𝐤𝐞𝐧 𝐥𝐚𝐮𝐧𝐜𝐡
Fantom has existed since 2018 and migrated 1:1 to $S earlier this year. There is a significant price history, and volatility should not be as considerable as for a TGE.
𝟐. 𝟕𝟓% 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐚𝐢𝐫𝐝𝐫𝐨𝐩 𝐯𝐞𝐬𝐭𝐬 𝐨𝐯𝐞𝐫 𝟐𝟕𝟎 𝐝𝐚𝐲𝐬
Yes, some were mad, but this was clearly communicated from day 1.
𝟑. 𝐖𝐚𝐧𝐭 𝐚𝐧 𝐞𝐚𝐫𝐥𝐲 𝐞𝐱𝐢𝐭?
You'll burn a percentage of your vesting, for example:
➡️Day 1: 100% burned (would not recommend)
➡️Day135: 50% burned
➡️Day 270: 0% burned
Basically: patience pays
𝟒. 𝐁𝐞𝐭𝐭𝐞𝐫 𝐭𝐡𝐚𝐧 𝐛𝐮𝐫𝐧𝐢𝐧𝐠: 𝐭𝐡𝐞 𝐨𝐫𝐝𝐞𝐫𝐛𝐨𝐨𝐤
Paintswap build an orderbook for vesting positions. Example:
➡️ Day 1 burn: 100%
➡️Offer a 50% discount (translates to 68% APR for buyer)
They just got liquid $S form the airdrop, so there will be demand.
@SonicAssistant teased a leaderbord for traders flipping discounted vesting positions. Would be epic to see who is the first to multiply their liquid airdrop to 2x, 3x, etc.
𝟓. 𝐀𝐢𝐫𝐝𝐫𝐨𝐩 𝐝𝐫𝐨𝐩𝐬 𝐬𝐨𝐦𝐞𝐰𝐡𝐞𝐫𝐞 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐉𝐮𝐥𝐲 𝟏𝟓-𝟐𝟐
The exact moment is a surprise. Stay ready!
𝟔. 𝐒𝐞𝐧𝐭𝐢𝐦𝐞𝐧𝐭
I ran a poll last week:
➡️Dump & leave: 20%
➡️Dump & farm S2: 4%
➡️Hold &vest: 30%
➡️Buy discounted positions: 46%
I'll be watching paintswaps orderbook for juicy discounts. And rumour is that vesting tokens might get #sonic defi utility soon 👀
Tag your friends who would accidentally press the claim vesting tokens on day 1😅
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👀
She farms $fBOMB.
Her LPs are deep, her bags are strong.
She’s got better tokenomics than my ex.
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✅ MCLB is the largest $AERO holder
✅ $AERO fuels Base
✅ Base powers Coinbase
✅ Coinbase is S&P 500
Your pension is in our hands. 💣
dune.com/0xkhmer/aerodrome-v…
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Did someone say $fBOMB $MCLB?
Last weeks buyback was 0.4% of FDV of $MCLB
You are not ready for what's coming
Staking $KAITO has been wildly profitable.
They have repurchased 3,410,935 $KAITO since the beginning of March, worth ~$6M USD.
Buybacks are distributed to $sKAITO (staking) at 14% APR. $KAITO price is also up 145% this week.
If we get a massive altseason, position yourself in tokens that do buybacks, have single staking (no IL), and pay out yield.
Actual cheat code for outsized gains
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I just bought this @EstforKingdom NFT for 50 Euros OTC
I'm gonna do a giveaway for the active clan members of @MCLBxfBOMB so they can enjoy the spoils, even though they couldn't make it to this wonderful event!
#SonicSummit
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I just bought another @EstforKingdom limited edition tiger for 50 Euros!
A 2nd giveaway incoming for @MCLBxfBOMB clan members! LFG!
I just bought this @EstforKingdom NFT for 50 Euros OTC
I'm gonna do a giveaway for the active clan members of @MCLBxfBOMB so they can enjoy the spoils, even though they couldn't make it to this wonderful event!
#SonicSummit
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3rd @EstforKingdom tiger acquired for another 50 Euros!
Thanks to the lovely guys at @beets_fi for helping out
The giveaway for @MCLBxfBOMB clan keeps growing!
I'm still trying to get another, god speed
I just bought another @EstforKingdom limited edition tiger for 50 Euros!
A 2nd giveaway incoming for @MCLBxfBOMB clan members! LFG!
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THREE @EstforKingdom tiger nft plushies for giveaways to the MCLB clan members?
FFS mate, should we start a betting pool to see how many this degen pulls in Vienna?
3rd @EstforKingdom tiger acquired for another 50 Euros!
Thanks to the lovely guys at @beets_fi for helping out
The giveaway for @MCLBxfBOMB clan keeps growing!
I'm still trying to get another, god speed
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🚀 Why is Sonic better than FTM?
@SonicLabs is faster, cheaper & more rewarding! 💎
Earn, build & scale like never before. Are you ready to ride the future? 🌊⚡
#Sonic
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🏛️ MIGRATION + REDEMPTION is LIVE!
Downgrade Fee Reduced to 1 cent in $OBOL 🤝
🔗 next-gen.basedfinance.io/exc…
#basedisdead #base #ftm #fantom #yield #nftyield #defiyield #fantomeco
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🏛️ Much like Leonidas' noble sacrifice for Sparta, we're opening up a one way bridge redemption for our #Fantom Eco tokens to pave the way for an exciting and bold new beginning.
Details:
OTC module will get a Migration tab for all to redeem any of your tokens for "One-Way-Ticket" coin. This One-Way-Ticket coin will appear in our bridge and this is the only token that is going to be bridged to Base chain.
On Base chain you will receive Stater token which will have a separate farming pool for Share token emissions of new yield protocol. 🚜
NFTs will also have a separate farming pool for Share token emissions for our new 🖨️
This means that, we as a team, will not have any emissions going our way - whoever held old ecosystem tokens will have a stake in this like every other investor! 🤝
This way we reduce pressure on newcomers (which we achieve by this migration) and let the new protocol print like crazy. 💪
Migration Process:
- Upgrade your NFTs to Travelers (requires $OBOL) & downgrade fee will be removed
- Redeem your tokens for One-Way-Ticket
- Bridge your One-way-Ticket to Base (receive Stater coin on Base side)
Redemption ratios of ecosystem tokens to One-Way-Ticket ("OWT"):
1 $BSHARE -> 1 OWT
393 $BASED -> 1 OWT
393 $BBOND -> 1 OWT
2.3 $SMELT -> 1 OWT
2891 $OBOL -> 1 OWT
Total approximate market cap of OWT is ~380K market cap which is pretty much equal to Travelers NFT market cap. This results in 2 separate farming pools with equal emissions of new share token on Base chain with 5% of total emissions for each pool.
IMPORTANT:
Smelt emissions have ended.
Boardroom will not mint anymore $OBOL.
There will be no bridge fees for OWT.
ONLY TRAVELERS ARE BRIDGABLE!
ALL NFT holders who did not upgrade from Origins to Travelers will not be able to bridge their NFTs to Base chain and we will consider them the brave souls that died on $FTM.
FURTHER ACTIONS:
- LP providers, please withdraw your LPs, break them on our DEX
- $SMELT and $BSHARE stakers - withdraw your tokens from Acropolis and Boardroom
- NFT stakers- withdraw your NFTs & upgrade to Travelers using $OBOL
Any questions, please ask in our Discord.
#basedlabs #ftm #fantom #fantomeco #based #basedisdead
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🌟 SONIC - WEEKLY RECAP 🌟
🔥 Pushing the boundaries of possibility once again!
📊 This week, Sonic hit a new all-time high in TVL with over $519M.
With more projects deploying on @SonicLabs and user engagement soaring, the ecosystem is stronger than ever.
Together, we’re shaping the future of blockchain!
#SonicWeeklyRecap #Sonic
