Read on Twitter
Since launching in Oct. @AlphaFinanceLab has originated over $600 million in loans on its levered yield farming product
Over the last week, they have facilitated the same loan volume as lending giant @AaveAave
Over the last week, they have facilitated the same loan volume as lending giant @AaveAave
Speaking of Aave, it took them twice as long to reach $600m in originations
It’s worth noting that $AAVE mcap was $685m at that equivalent point in Aug. where they were seeing similar hockey stick growth
Their mcap now sits at $2.5b representing a 4x since then.
It’s worth noting that $AAVE mcap was $685m at that equivalent point in Aug. where they were seeing similar hockey stick growth
Their mcap now sits at $2.5b representing a 4x since then.
I joke about the insane price action of $ALPHA but it's undeniable that the fundamentals are there to back it up too
If they manage to keep it up, I'd expect a continual repricing closer to the big dogs of lending $MKR $COMP $AAVE https://twitter.com/jpurd17/status/1352672064751235076?s=20
If they manage to keep it up, I'd expect a continual repricing closer to the big dogs of lending $MKR $COMP $AAVE https://twitter.com/jpurd17/status/1352672064751235076?s=20
