Gekko 🎩 pfp
Gekko 🎩
@gekko
📊 Time for a Quick Analytical thread on my favorite DeFi project: 🔥 @TLX_FI Today we’ve crossed the $300k mark in fees! These are organic, non-inflationary fees paid in sUSD to $TLX Stakers. Fees are accrued from redemptions, streaming, and @synthetix_io integration Fees. 🧵👇🏻
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Gekko 🎩 pfp
Gekko 🎩
@gekko
With a little more than 2 months since inception, the annualized fees projected for the protocol are $1.7M/year rn… not bad, considering there’s currently just $1.8M of market cap staked.😏 In other words, $1.8M of staked $TLX have a projected revenue of $1.7M in stablecoins…
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