.@Almanak__ It's been a while since I checked, and the TVL has skyrocketed to 130 million USD. Things are heating up. I looked into it, and there are a few main reasons:
1. The TGE is likely coming soon.
It was mentioned before that when the protocol fully opened deposits, the TGE would happen around October. Official news has also confirmed it will be in Q4. Additionally, the YT for alusd will expire on October 23, so if there are no delays, the TGE might happen before October 23.
2. Several new pools have been launched with extra points incentives.
YT - 5x points
Pendle LP - 1.25x points
Curve LP - 3x points
Moreover, the depth of the pools is much better than before, with Pendle LP at 27 million USD and Curve at 2.58 million USD.
The current issue seems to be that the product progress is relatively slow; features like kitchen are still in a limited open state. Also, the event on @cookiedotfun currently has no clear end date, and I'm not sure if this will become an obstacle for the TGE. Looking forward to the token launch speed!~
#SNAPS
Show original
3.73K
12
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.