Analysis: Impermax Finance (IMX)
According to CoinGecko, the FDV is around $9M. This is a fringe asset, given that it has fewer than 9k Twitter followers and around 2k Discord members. There's no real reason to use a leveraged yield farming protocol unless there are reduced gas costs, or incentives to farm and dump the protocol tokens. You can achieve leveraged DeFi positions by using existing lending protocols — there's no real need for these yield leverage-focused protocols to exist. Creating a moat for this clas...
Analysis: Impermax Finance (IMX)
According to CoinGecko, the FDV is around $9M. This is a fringe asset, given that it has fewer than 9k Twitter followers and around 2k Discord members. There's no real reason to use a leveraged yield farming protocol unless there are reduced gas costs, or incentives to farm and dump the protocol tokens. You can achieve leveraged DeFi positions by using existing lending protocols — there's no real need for these yield leverage-focused protocols to exist. Creating a moat for this clas...
Analysis: Babylon Finance (BABL)
FDV is now ~$67M after the market ran the price vertically a week ago. The asset is fairly fringe, given that its official Twitter account only has 9k followers. Token distribution seems fair, given that 69% of tokens are distributed to the community. BABL is used as the main liquidity incentive, which tends to translate to selling (much like with CRV incentives). They basically took every tokenomic idea and wrapped it into BABL. They have voted escrow, an Ohm-like bonding program, fees accru...
Analysis: Babylon Finance (BABL)
FDV is now ~$67M after the market ran the price vertically a week ago. The asset is fairly fringe, given that its official Twitter account only has 9k followers. Token distribution seems fair, given that 69% of tokens are distributed to the community. BABL is used as the main liquidity incentive, which tends to translate to selling (much like with CRV incentives). They basically took every tokenomic idea and wrapped it into BABL. They have voted escrow, an Ohm-like bonding program, fees accru...
