If ETH had a saylor, it would be an autonomous defi protocol letting the true believers go leveraged long with no liquidation risk and no vol decay
In true decentralised fashion, we’d all be saylor :)
Spot leverage on PEPE and MOG will be so obvious in hindsight.
The bet at 33% LTV is simple
1/ For every $ the asset pumps up, you make 1.5 (so if it goes up 2x, you make 3x)
2/ You loose everything if the asset drops *more than 60%*.
If (2) happens, you're rek'd anyway. If you think, on balance, it's more likely to go to Valhalla than dump, then may as well leverage up and buy more.
I can sometimes be a dreamy eyed purist.
I wanted the meme economy to stand on its own. Trading in $MONEY native to memooors.
Turns out, efficient defi routing means we gotta bend the knee on this one.
IMF liquidity via ETH deployed. The dapp is live, time to for y’all to have both memes and dreams.
LFG
