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@0xuep
Stablecoins are one of the hottest sectors right now, with estimated TAM of >$40-90 trillion (varying by source for circulating Fiat money incl savings accounts). That is almost up to 400x more than the current stablecoin MCap of $233 billion. Governments and institutions are already competing for their share of the cake, but how can us small degens capitalize from that growth ? Here is my list of verticals and top projects/tokens I am investing my time and money into... 1) Stablecoin providers : While USDT and USDC have no tokens (although one could argue that investing in Coinbase provides a part of the upside for USDC), lots of the other stablecoins either have or will launch a governance token...
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0xuep pfp
0xuep
@0xuep
a) Stablecoins with existing governance token : Aave, Maker and Curve are the DeFi "OGs" from Defi Summer 2021 and have built profitable businesses with currently decent token valuations, while Ethena is the new kid on the block with an innovative stablecoin design... b) Stablecoins with upcoming governance token : Typically, using these stablecoins ahead of the launch of the governance token by providing liquidity gives an airdrop of the future governance token (also, yields are typically good to incentive the use of the protocol)... I am currently providing liquidity into USDX , USR , lvlUSD , USDF , USDXL , reUSD , syUSD , satUSD , CASH... Small amounts always, trying to manage risk since especially new protocols can "disappear" and airdrop is never guaranteed,... Good luck out there and what are your thoughts ?!
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