LONO 🎩🐹
@lono.eth
ETH ran up 18% and yet @synthetix v3 LP providers on @base are in the money. That is the power of our funding rate mechanism in action. Perfectly balanced markets.
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Masser
@massereffect
I wonder when the token itself starts performing
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LONO 🎩🐹
@lono.eth
liquidity is very thin so we could see it fly out of nowhere. Just waiting for that +40% day. It'll be interesting to see how the burn impacts things as trading increases. 40% of all trading fees are used to market buy and burn. But we are also incentivizing the LP with SNX from the treasury. Good time to accumulate.
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Masser
@massereffect
Interesting. But SNX is also printed, right?
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LONO 🎩🐹
@lono.eth
We ended inflation last year so the token is deflationary thanks to the buy back and burn.
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