Hyperion Drips points have been snapshot!
You can estimate the market value or point value based on the snapshot data and airdrop ratio.
➤ Known information:
0. The total airdrop amount for Genesis is 5%;
1. The total amount of Drips points generated by Genesis is 557.5M;
2. The cost of points obtained through regular trading is $0.01;
3. The cost of points obtained through xBTC trading recently is $0.005;
➤ Simple estimation:
1. Early trading point recovery: Airdrop value is $5.57M, corresponding FDV market value is $111.4M;
2. Half-price trading point recovery: Airdrop value is $2.78M, corresponding FDV is $55.7M;
According to the comparison objects that everyone is more accustomed to, the DEX leader of @Aptos should be benchmarked against the DEX leader of @SuiNetwork.
However, recently the DEX leader of SUI, @CetusProtocol, suffered a hacker attack and has not yet recovered, while the current strong competitor @MMTFinance has not had its TGE yet.
If we still refer to Cetus, its current FDV is $98.92M, slightly lower than the cost for early trading point holders, but higher than the cost for those who obtained points at a discount.
Of course, if calculated based on cost, DeFi players' points are at no cost, so they win no matter what.
Because $100 liquidity gives 5 points daily, which means $100 gives an extra $0.05 or $0.025 daily, converting to APR of 18.25% or 9.125%, equivalent to an APR of 30% or even 40% for stablecoins stored in Hyperion!
However, this is all assuming the airdrop is completely calculated based on points, and we will have to wait for official news from @hyperion_xyz.
Note: The above is for information sharing only, not investment advice, please do your own research!
DeFi enthusiast: BitHappy
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