📊 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.

🧵👇🏻

Synthetix is a liquidity layer for onchain derivatives, primarily supporting Synthetix Perps on Optimism and Base.

Long-term player in DeFi, backing Ethereum as the future's financial base layer. Noting down the journey on Debank Ξ🦇🔊
👉🏻 gekko.eth

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…

https://x.com/gekko_eth/status/1814856032352366636