Investment kingyru 💎 EN (Telegram)
A year in two. And no, TVL x2
TON Foundation turned out to be tricky: they failed to reach 1 billion TVL during the five seasons of the Open League, and Pavel Durov's arrest got in the way, so they decided to "cheat" by launching a booster program for liquid steakings.
Why can this be considered cheating? Because such a scheme artificially doubles the TVL. First you place your TONs in liquid steaking - this is already counted in TVL (UPD: the comments say it is not). Then you put the received tokens back into the pool with USDT, and this is also fully counted. Bottom line is that there is a numbers game going on.
I wonder also how they are probing the market, whether people fell for this action. First the boosts were introduced for a week, then for 48 hours. What are they planning? Why not make the boosts at least until the start of the 6th season of the Open League? These moves seem ambiguous and impossible to plan for long term.
Would they really aim to reach 1 billion by November at all costs? Perhaps Durov has set a KPI ahead of Telegram's upcoming IDO. 🦝
@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.
A year in two. And no, TVL x2
TON Foundation turned out to be tricky: they failed to reach 1 billion TVL during the five seasons of the Open League, and Pavel Durov's arrest got in the way, so they decided to "cheat" by launching a booster program for liquid steakings.
Why can this be considered cheating? Because such a scheme artificially doubles the TVL. First you place your TONs in liquid steaking - this is already counted in TVL (UPD: the comments say it is not). Then you put the received tokens back into the pool with USDT, and this is also fully counted. Bottom line is that there is a numbers game going on.
I wonder also how they are probing the market, whether people fell for this action. First the boosts were introduced for a week, then for 48 hours. What are they planning? Why not make the boosts at least until the start of the 6th season of the Open League? These moves seem ambiguous and impossible to plan for long term.
Would they really aim to reach 1 billion by November at all costs? Perhaps Durov has set a KPI ahead of Telegram's upcoming IDO. 🦝
@investkingyru | @investkingyru_en | twitter | CMC | Private, Elite
$KINGY: DEX DeDust.io, STON.fi, Swap.Coffee and xRocket.