father | artist | dev | crypto class of 2014 | DeFi enthusiast

Gmx feels like a heavy token to pump. Tried to hold it once but its current mc is too big to outperform several other plays that you can do.

Airdrop farmer that survived bear market. Eth lover. L2 supporter

I'm longing UNI on GMX dApp.
Totally other plays that are lower cap, but for leveraged plays I stick with higher cap, safer ones that I'm pretty certain my position won't get liquidated on.

GMX is still a great play though. I'm accumulating it to stake long term. 14%+ APY paid out in ETH is incredible.

My bad. Didn't see that u long Uni. I am wondering what to expect from uni though, after its revenue sharing to token holders didn't pass. a16z seems to be too big of a holder there to allow value accrual to token holders. And token doesn't have much value in the ecosystem. What do you think?

a16z isn't an impossible hurdle by any means. They were very against the BNB deployment, but that still passed with 66% in favor.

My money is on rev sharing passing after this accumulation cycle is over and the big players are positioned.

I think that's a really valid assessment. There needs to be more use-cases for proposals aside from rev sharing. There's still enough tokens for other delegates to come in and pass things. V4 is an incredible upgrade, I'm expecting that to drum up some hype soon, which is likely where I'll sell.