2022-06-21 00:42:16
HIGH LIQ PLAY
https://twitter.com/dcfgod/status/1538990821973708800?s=21&t=oQxdemDLwEc57-cci4wT1A
Loaded up heavily on FXS, 4.70$ entry
Dao vote for 20m$ in team buybacks just went live. Ends in a week and buybacks poised to start directly after
for 3 to 30 days (at devs discretion) 20m$ in buybacks will be executed. interesting game theory mechanisms at play
beyond that, FXS is good coin - (understandably) got beaten down with the rest of the algostables. But Frax fundamentals are still as strong as ever and has (so far) never lost peg
Can see it go to 10$ in the short term
Preferably use DEX, as on-cex liquidity is shit and trading at +20% above DEX price (50m$ liquidity on FRAX pair, 5m$ liq on ETH pair)
https://www.dextools.io/app/ether/pair-explorer/0xe1573b9d29e2183b1af0e743dc2754979a40d237
853 viewsedited 21:42