The $SYN price isn't deterministic. It's still dictated by supply and demand

However, once $SYN staking begins and if SynLev can sustain $10 million in daily volume, the platform will be spitting out $20,000 per day to be split among all $SYN stakers

More below https://twitter.com/ecxkami/status/1332147919990919171

If 80% of $SYN is staked, and there are say 20 million $SYN tokens in circulation, that means each staked $SYN (16 million of them) will be earning $0.00125 in staking fees per day or $0.45625 per year

2/x

If $SYN tokens are spinning off that much income, the price of $SYN can be expected to rise bc people will want to capture that income

If $SYN rises to $2.10 and it's paying $0.45625 per year, that translates to a yield of 21%+, which seems reasonable/achievable

3/x

That's why I threw that $2.10 number out there

Remember that the $SYN price will always be impacted by trading volume on the exchange, the number of $SYN tokens in circulation and supply and demand, though

4/x

Now, let me say this... the fact that $SYN hit $10 million in daily volume in EIGHT f'ing days, exceeded my allocated hopium

5/x

If this isn't some weird front-running situation and instead actual, genuine demand, then as SynLev adds more assets, it seems reasonable to assume it could be doing $50 to $100 million in volume every day by sometime in Q1 (if not sooner)

6/x

Dilution is ongoing, of course... so that's a factor. But if SynLev volumes grow by 10x to $100m per day, that obviously means we need to 10x that $2.10 price estimate, so $SYN at $20+ doesn't sound unreasonable

7/x

The leading centralized exchange with a leveraged ETH token is capturing $101 million in daily trading volume on that token alone, so don't think I'm pulling numbers out of a wooly sack

8/x

Obviously, this isn't risk-free. DYO-fing-R. There are risks to staking ETH. Risks to using the platform. Risks of bugs, front-running, etc.

But just looking at the maths (a run from $0.40 to $20+), $SYN is a legit 50x possibility from current prices