I might be the last one among my friends to take a close look at $GIZA. The advantages of @gizatechxyz are quite obvious; the technology is pretty good. Even someone who is not technically inclined can understand from the documentation that its framework is very complete and the ideas are comprehensive. The well-packaged farming agent is very convenient, and after reading the doc, I feel that even if I were to form a team to do on-chain farming, this would be the best approach. (Of course, in the future, it shouldn't be limited to USDC; there should be more room for farming with various tokens and public chains.) However, the disadvantages are also clear; the ceiling is not high enough. Currently, the highest APR for USDC on base is 7% (I mean, even 10Y has 4.3%), and the TVL it can support is not large, so there is also a ceiling on TVL growth. Currently, GIZA's emissions are quite high, and the investor team has a linear vesting period of 36 months, which means only those who buy the tokens are absorbing this part. The tokenomics attempts to use a portion of the agent's transaction fees for buybacks, but this seems a bit too dreamy in the short term. With a TVL of 3.4M, even if the annualized revenue is 10%, it would only earn users 340k a year; the fees can't exceed the users' earnings, right? What does 340k mean for a circulating supply of 25m or an FDV close to 300m?
Show original
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.