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55557826 No.55557826 [Reply] [Original]

You guys are buying assets that provide income to holders right? Synthetix made more money in the past 24 hours than most protocols will ever make. The only other entity that pays out more to holders right now is Ethereum, which is valued at 300x SNX's valuation.

There is a reason synthetix is starting to pump, it already is the cheapest decentralized perps solution onchain. It is currently only on Optimism but what happens once CCIP goes live and there is a SNX deployment on every single chain? Why would a user use their native perps platform when synthetix can offer much better rates.

Oh, and also SNX was one of the only products to do a testnet on base. Big things brewing for them.

>> No.55558069

>>55557826
>what happens once CCIP goes live and there is a SNX deployment on every single chain?
who wants to tell him?

>> No.55558074

Are they still pouring money into Kwenta and SNX rewards or are these actual users?

>> No.55558078

>>55557826

all scams

>> No.55558829

Quick envelop calculations here;
Daily revenue: $450k
Annual revenue: $5.4 mil
PE ratio of 25 would put the valuation at $135 mil.
Current valuation: 1 snx at $2.72 with $875 mil market cap
Fair value: 1 snx at $0.42 with $135 mil market cap

Currently overvalued by 84.5%

>> No.55558843

>>55558829
How do u go from 450k a day to 5.4 million a year

>> No.55558860

>>55558843
By mistaking daily and monthly revenue.

>> No.55558864

>>55558843
My bad senpai, i just woke up and I'm day drinking

Daily revenue: $450k
Annual revenue: $164 mil
PE ratio of 25 would put the valuation at $4 Bil.
Current valuation: 1 snx at $2.72 with $875 mil market cap
Fair value: 1 snx at $12.81 with $4 Bil market cap

Currently undervalued by 3.71 times by current metrics

I'm still skeptical tho. What's to prevent some other protocol from taking the code and forking it with lower fees?

>> No.55558979

SNX SISTERS. WAGMI!

there is literally no comfier hold than Synthetix right now. CEO announced he will rival big CEXes with a dex/cex hybrid very soon. ngmi if you dont jump on board now

>> No.55558991

What’s the sui stack?

>> No.55559011

>>55558864
Trust the formula pussy

>> No.55559035

Chart is looking good.

If I pass escort visit this week I could get 300 of these tokens essentially for free. Give rundown about the staking mechanism and I'll buy your bags fags.

>> No.55559050

Dont forget to grab SYN (Synapse) aswell, it will moon hand in hand with SNX, as already happening

>> No.55559394

how much annual inflation does the snx token have?

i see the website reports the apr at 38% which is extremely high - is there any data for the historical apr rates for the previous 365 days?

>> No.55559663

interested but what's the apy for staking then

>> No.55559770

>>55558864
>PE 25
Is that a good ratio? I don't know what a good p/e ratio is

>> No.55559814

>>55559770
META was at 10 pe last year

>> No.55560182
File: 124 KB, 1080x1080, 1686090359791240.jpg [View same] [iqdb] [saucenao] [google]
55560182

Decent shilling but still shilling

>> No.55560279

>>55558864
Risky tech companies should have a P/E ratio of 8-15.
I wouldn't want to bag hold this when it gets hacked and people discover Jump trading is front running traders with their private centralized oracle feeds.

By the way are you living in Japan?

>> No.55560534

>>55557826
RDNT is surely something to place a bet on. Another bullish gem I think will be massive in the coming bull is SPOOL.

>> No.55560782

>>55557826
Spotting GMX on the list brings back memories of when it was hot on tokenmetrics not too long ago. Gotta admit, that's a solid project right there.

>> No.55560826

>>55557826
dead shitcoin

>> No.55560844

>>55557826
Sounds like a security to me

>> No.55561088

>>55559394
i looked into this, current rates are 5% yearly but they can go up or down, either a 5% increase or decrease of the rate every week(so could be 5.25% next week, not 10%)

overall looks very nice, but i think ill wait for a pullback. btc could drop and its a bit hot right now