🧵 What if I told you that @solomon_labs is enabling @MeteoraAG LP providers to earn 5-10x by clicking a few buttons?
Would you believe it?
You don't have to believe.
Just read/understand the tech so you can follow the metrics with conviction in thought and capital by taking on $SOLO exposure
Welcome to @solomon_labs innovation: YaaS (Yield as a service)
TLDR:
1/ YaaS for retards
2/ Trust is the only obstacle in the way before USDv new world order
3/ Indicator to watch most closely to start clipping $SOLO for 10x+ setup.
YaaS for retards:
An individual is providing 500k of USDT and 500k of $MET into an LP pool on @MeteoraAG. They are currently just earning on base swap fees (the standard trading fees charged to users on every swap in a LP)
By converting your USDT to $USDv and than paring it with $MET in the Meteora's LP you are now earning the base swap fees from Meteora + YaaS yield (which adds another 10%-20% yield)
Unlike the base swap fees which are paid out in stables + $MET,
YaaS yield is reliable, non volatile- it creates a "floor yield" - something that's very attractive to farmers.
The craziest thing about all of this - is how quickly YaaS enables the flywheel to take effect.
Once the YaaS LP's are earning more than anyone else- they can afford to lower their @MeteoraAG base swap pools so that all the liquidity gets routed through them. Hence syphoning yield from non-USDv maxis, and forcing them to convert.
The only thing standing in the way between @solomon_labs domination is trust
Before laying out how @solomon_labs is handling this, keep in mind that @StreamDefi had 100mil+ of TVL before it blew up with proof of reservers page saying "coming soon" the entire time.
Degens thirst for yield is also degenerate.
@solomon_labs TVL is currently 1.5m and $SOLO mc at roughly 10mil (the coin hasn't priced in the degenerate thirst yield, aside from the colossal YaaS trojan horse)
13K
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