Ethena price

A question I've been pondering lately: what narrative can TradFi understand and is willing to buy into this round? I think it should be the strong start of @FalconStable, the value flywheel driven by TVL, Trump's ambitions in blockchain, and the future template of open finance akin to a textbook. 1️⃣ The significance of unique ecological investment Falcon, as the first and only formal external investment of WLFI, has a deep connection with WLFI that outsiders can hardly imagine. DWF Labs purchased WLFI tokens through a strategic private transaction, and WLFI provided $10M in strategic investment. In my view, this is not merely a mutual valuation exchange but a close symbiosis of token swaps. This means that WLFI's current valuation of $20 billion requires a truly value-supporting DeFi protocol to "stand out." Falcon is also the only native blockchain project with a single "vc"—WLFI investment, which means that the previously criticized low vc costs leading to unlimited sell-off FUD no longer exist. Just as @Plasma's narrative can be understood and bought into by TradFi, @FalconStable's narrative can only be bought into on the secondary market, even if TradFi understands it! Falcon is not a trial run; it is a flagship project that must succeed. 2️⃣ TVL = Lifeline In the DeFi world, Total Value Locked (TVL) is the core of everything. Higher TVL = deeper liquidity = more stable income distribution = stronger market pricing power. Falcon's goal is clear: to ensure continuous inflow of funds and retention. 3️⃣ The positive flywheel of price—liquidity—income Falcon adopts Pendle's PT/YT yield separation structure, creating a natural price-driven closed loop for fund inflows and outflows: Price increase phase: protocol or market funds drive the price of $FF upward, attracting attention. Arbitrageurs: the arbitrage crowd and emotional funds buy YT, pushing up YT prices. Large investors enter: as YT prices rise, fixed yields attract large funds to deposit more liquidity to buy PT. TVL increases: higher locking brings higher protocol income, which in turn supports the value of $FF. This is the flywheel effect Falcon strives for: price → liquidity → protocol income → price. When ena issued tokens, it skyrocketed from 0.3 to 1.5, which is the Falcon template! 4️⃣ WLFI's strategic demands WLFI's own valuation and landscape require a verifiable, sustainable income-generating protocol. The more stable Falcon's TVL and income, the stronger WLFI's overall narrative. This is not just an ordinary TGE; it is WLFI's first battle to showcase "we can make it happen" to the outside world. 5️⃣ Attention from top-tier traffic The super traffic in the crypto market, the Trump interest group and cz—top political capital and top trading platforms—are all focusing on DeFi and stablecoin narratives. Falcon stands at this intersection, naturally possessing a broader audience and deeper potential funding pool. This means its success does not only belong to the project party but is also a barometer for the entire industry. WLFI needs a "long slope and thick snow" protocol to support a $10 billion valuation; Falcon needs continuously rising TVL to drive the flywheel; And the market needs a new high-quality DeFi asset to absorb funds. Price increase, liquidity aggregation, income feeding back into price— This is Falcon's growth logic and may also be the template for the next round of the DeFi bull market.