$LQTY is undervalued .
Staked LQTY earns all the fees from Liquity v1
AND AT THE SAME TIME directs 25% of revenue from v2 to LP pools
AND AT THE SAME TIME earns bribes from gauges
AND AT THE SAME TIME earns airdrops from forks.
Long list of bullish facts on @LiquityProtocol's $LQTY:
Liquity V1 went up to $4.5B in TVL, but didnt scale because every redemption raised minimum over-collateralization requirements, lowering demand.
Every redemption in V2 increases stablecoin yield APY, increasing demand.
V2 is at $100M TVL after 39 days. One of the most organic growth charts for a protocol of this size ever.
Fastest integration into @Yearn, @spectra_finance, @pendle_fi, and @eulerfinance i've ever seen.
Long term-ism:
The team didnt launch a new token for V2, even though they could have because its an entirely new protocol. They decided to reward long term holders because they are long term builders.
Forkonomics:
Liquity V1 is one of the single post forked protocols in crypto. More than 40 forks, more than that planned for V2.
With the new licensing setup, every fork has to kick back to Liquity users. Potentially LQTY holders too.
Staked LQTY earns all the fees from Liquity v1
AND AT THE SAME TIME
directs 25% of revenue from v2 to LP pools
AND AT THE SAME TIME
earns bribes from gauges
AND AT THE SAME TIME
earns airdrops from forks.
Study Forkonomics. Study long term builders. Study Liquity.
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