Defi App August Review:
1. Year-to-date trading volume reached $16B, processing $460M last week (only on the web). 2. iOS mobile public beta launched, with over 3,000 people having traded.
3. Kaito and Nansen events each provide 100 million Bonus $HOME, S2 XP consumption is fast.
4. According to DIP-004/005, unlocking triggers TWAP buybacks, with a buyback scale of 150% of the Bonus issued, and 80% of platform fees used to buy back $HOME, creating a deflationary flywheel;
5. The events are non-dilutive and accelerate growth. Targeting 700 million CEX traders, the mobile end is seen as key to retail growth.
@defidotapp
gHOME
Here’s the August Recap.
• $16B YTD volume.
• 150% of all $HOME emissions are bought back
• Mobile beta live.
• Kaito + Nansen campaigns are active.
• S2 XP is getting eaten up.
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