Yep. It's jumping $1000s in a single day. We back

NOW THIS IS PODRACING

this s*** really gonna melt faces

Scared asf my life about to change crazy

We'll still be early in 2028 - 2030 as well

Come back to this comment in about 3 months maybe sooner. The biggest narrative of this cycle is going to be ethena USD and anything built on top of it. Stable coin using funding rate arbitrage to give 30% APYs currently. But if anyone has seen funding rates they get beyond wicked in the bull market. Happened with luna, this is round 2 but doesn't rely on the same mechanism so next to no chance of a bank run

bruh my coinbase account stuck on $1.11
my ass biting my nails in disbelief

this run stressing me the f*** out

man hold that s***. only way is up lol

shaking in my boots

yea we luv u @neon

luv you too cam

if it sounds too good to be true :​run:

@Extraterrestrial you use coinbase right?

You're trying to buy or pull?

Hate it had to be you.

na just doing my regular 10 min check lol
thought i got hacked
s*** keeps bouncing between 1.11, 1.10 and my actual balance

yea im jealous of yall europies.

you use kucoin or binance?

Lmao

I’m farming it but it’s not that big a deal + you’re losing out farming the shards by having to sit in usde

Eigenlayer much bigger btw

50 mill stuffed in the bag, tell the whole thread eat

Also their insurance fund rn is only $20m so there is risk

will prob do well tho tbh, wouldn’t be farming it otherwise

Bitvavo.

It is because of projects that utilise it. There was a massive influx of ycombinator startups that used the APY from Terra Luna as an incentive to draw in users for neo banks. The entire terra luna ecosytem was massive.

Eigen layer is good too if you want to hold ETH but stable coins are an easier sell to regular people.

The insurance fund is not as important because the risk profiile of funding rate arbitrage is much lower than an algo stablecoin. still centralization risk but a lot safer

I’ve been holding that s*** for 4+ years and s*** has moved a grand total of 0% since then lol. Luckily I moved some when it hit like 1.20 at Christmas in 2021

When is EIGEN ICO, or did I miss it already?

Never, will be an airdrop + probably multiple others from projects building on top

It’s kind of late now, I first posted about it itt last summer. But dyor, still could be worth restaking if u put in enough

Yall buying meme coins too? Feel like I missed the pepe train