TJT retweeted
$2.78M in mining volume in a single day. Over 700 ORE buried through Reserve purchases in 7 days. And the Jito Foundation makes its first ORE treasury purchase.
The latest TMS Weekly from @zinnresearch. ⛏️🗞️
TJT retweeted
Many hardhats spotted on the news today.
Also in the news: ORE Reserve now $600k+
We are LIVE on X with:
➡️ Tzvi - @web4O
➡️ Sacha - @sacha
Join Finn & Thomas as they find the best trades, challenge the theses, and take or reject the trades, LIVE on X 👇
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TJT retweeted
The ORE Protocol Vault (sometimes known as the Treasury) has now grown to over 5,700 SOL ($538K).
All protocol revenue accumulates in the Protocol Vault before being deployed. Each deployment directs 85% toward ORE market buybacks and 15% toward the ORE Reserve's bids below spot price.
On October 14, the Protocol Vault's randomly scheduled deployments were raised from 5 to 7 SOL each, a 40% increase intended to bring deployments more in line with incoming mining revenue.
Despite the increase, mining revenue continues to outpace deployments, leaving a surplus of over 5,700 SOL earmarked for future ORE market buybacks and Reserve bids.
TJT retweeted
JitoSOL in the ORE Reserve. ORE in the Jito Treasury.
The Reserve holds part of its SOL allocation as JitoSOL, another productive asset earning yield while providing buy-side liquidity for ORE.
@JitoFDN has also added ORE to its treasury, establishing a position with its first ORE purchase.
TJT retweeted
JitoSOL now backs part of the ORE Reserve.
Part of the ORE Reserve’s SOL allocation now earns yield as JitoSOL while supporting ORE buy-side liquidity.
The Jito Foundation has also added ORE to its treasury.
JitoSOL in the ORE Reserve. ORE in the Jito Treasury.
The Reserve holds part of its SOL allocation as JitoSOL, another productive asset earning yield while providing buy-side liquidity for ORE.
@JitoFDN has also added ORE to its treasury, establishing a position with its first ORE purchase.
TJT retweeted
ORE replaces computational proof of work with virtual mining on Solana, allowing anyone with a wallet to compete for newly issued supply.
Learn how virtual mining works, where rewards come from, and how to start participating.
ORE.com/Learn
TJT retweeted
Another week of ORE:
- ORE Reserve surpasses $500K in TVL
- Reserve absorbs $25K+ in sell pressure over 24 hours
- 7D and 30D mining volume averages exceed $1.42M/day
- ORE Party crosses $125K TVL
- New research, videos, and community tools
The latest TMS Weekly from @zinnresearch. ⛏️🗞️
TJT retweeted
ORE is up 50% in October and BTC down 10%
Most people still don't know what it is or how to mine, it takes 1 minute:
1. Pick tiles - don't try to guess by picking 1-2 tiles, the more you pick the less risk you take
2. Choose how much SOL to put in
3. Hit deploy
Every round has a bonus pool called the motherlode currently worth 101.8 ORE ($14.6K). in addition to mining ORE on the grid, every round you mine is a chance to open the motherlode.
TJT retweeted
How does the ORE Reserve build liquidity?
As protocol revenue flows into the Reserve, funds are deployed across multiple assets and price ranges below the current ORE price.
@HardhatChad explains how these layers of liquidity accumulate over time.
Since this recording on October 1st, the Reserve has grown more than 5x, from $104K to $539K, and added two productive assets, JitoSOL and USDv.
TJT retweeted
Bankless writing and posting about $ORE from Main
TJT retweeted
A clear trend is forming with ORE mining volume.
ORE enters circulation exclusively through mining, and recent activity suggests growing demand for newly issued ORE.
Over the past 45 days, $56M has been deployed into virtual mining, with the 7-day average more than doubling from $724K to $1.58M per day.
And it's not just volume. Another 1,171 wallets mined ORE for the first time during this period, as more people discover virtual mining.
Fair distribution is taking shape on @solana.
TJT retweeted
It feels like $ORE may have hit that tipping point where an idea has enchanted a critical mass of people, that initial network effects are beginning to form.
It will be interesting to see whether ORE's democratized approach to mining accelerates the flywheel faster than previous SoV attempts.
TJT retweeted
The $ORE protocol is currently routing $6.2M annualized into the Reserve !
Also... that figure scales with ORE’s price and production cost.
TJT retweeted
The ORE Reserve has crossed $500,000.
Another $150,739 in liquidity was added this week, averaging more than $21,500 per day.
The Reserve has now received $592K in total deposits, $77K of which has been used to acquire 729.8 ORE at an average cost of $105.52.
The Reserve now provides buy-side support for approximately 8,206 ORE across its liquidity positions.
TJT retweeted
It might be THE MOST undervalued token on Solana 🪙
ORE is consistently in the top 5 protocols by revenue, with ~$1M/week, and 99% of that goes to buybacks
$ORE is only ~$80M market cap, lower than most other protocols with less revenue
One of my conviction bags for sure
$ORE is massively undervalued
Up 15% today while the market is red, +134% in the last month
$3.7M/month revenue ($130K/day avg) with 99% going to buybacks, burns & stakers
Only 510K circulating supply out of 3M max and over half of that (280K) is already staked
Their buyback system is unique, the ORE Reserve places buy-side liquidity below spot so dips get auto absorbed
All of this at just $88M mcap which is CRAZY
Do y’all hold any?
