In what universe does it make sense for ETHFI trading at $520M FDV while WLFI is trading at $10B FDV? 🙃
@ether_fi does 15x the annualized revenue.
$ETHFI needs to go 📈 and WLFI needs to go📉 https://t.co/3LhIlJvXJs https://t.co/woGyoPkqYb
In what universe does it make sense for ETHFI trading at $520M FDV while WLFI is trading at $10B FDV? 🙃
@ether_fi does 15x the annualized revenue.
$ETHFI needs to go 📈 and WLFI needs to go📉 https://t.co/3LhIlJvXJs https://t.co/woGyoPkqYb
In what universe are we, that AAVE is trading at $1.7B FDV and WLFI is trading at $10B FDV? 🥸
Data below from: @DefiLlama https://t.co/yqa14V4d6K
🤔 In the past… if we wanted real-world returns, we needed institutional-level capital 🏦
.
But today, capital of $6B+
is being brought onto DeFi
.
It started with @ether_fi
which has over $6B+ of client money
Normally this money
stays only in the crypto world
mostly earning yield from staking
.
But this time…
they chose to do something different
.
They began allocating a portion of the money
about $25M
to connect with the real financial world
.
Through @plumenetwork and @SuperstateInc
.
The result is on-chain money
starting to access returns from
.
💸 Crypto Basis
💸 Staking
💸 Government bonds
.
Simply put,
institution-level funds
are being made available for DeFi use
.
And all of this
happens via infrastructure called @NestCredit
which makes RWA
not just an add-on
but actually part of DeFi.
.
Called #NeoFinance
A world where real money + blockchain
begin to merge
.
⚠️ Reality Check
.
Of course, it is not 100% trustless
there are still real-world risks
and some intermediaries remain.
.
But more importantly,
institutional capital
has found a way onto on-chain.
.
📌 Summary
.
@ether_fi started moving $6B+ into RWA
Real yield from the real world is entering DeFi
Plume is
I'm very bullish on EtherFi along with DCF God here and haven't sold a single token from our fund over the last two years.
We expect this one to be a multi-year, multi-bagger for us and the growth is something we are willing to wait and be patient for.
We didn't come this far to sell here, were taking over American Express and building it onchain.
Neo finance.
✅Etherfi buybacks are back on (no clue why they were off for a few days)
✅ Final investor vest sent out. No more VC overhang.
✅ Daily spend at ATH using cards ($2.5M/d)
✅ Staking TVL back above $6b
✅ Upbit listing yesterday
✅ Adding ~300 new cards a day
✅ CAC going down, ARPU going up, Payback period compressing
sallygazzy mode
note: dcf cap seeded ethfi