Let's talk about the latest developments from @Lombard_Finance, especially what potential variables might arise after $BARD was oversubscribed by 1,400% in the public sale on @buidlpad. 1) The original fundraising target was $6.75 million, but it actually raised $94.7 million, resulting in a whopping 1,400% oversubscription rate, which is quite impressive. The main reason for this is the $450 million FDV and the 100% TGE unlock conditions. Lombard's $450 million FDV corresponds to its $1.5 billion TVL, and the FDV/TVL ratio is relatively advantageous compared to similar DeFi projects. However, the 100% unlock also means that the secondary market has to absorb the entire valuation pressure, which poses a challenge. It can be seen that the overall market confidence in the project is still quite strong. However, this phenomenon of oversubscription, aside from the platform effect of Buidlpad, also raises potential expectations for whether the BTCFi sector will heat up again and for...
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