Hello everyone,
This one has been a crazy week and I have not been sleeping properly these past few days after the LUNA drama unfolded. So I won't go on too long today. Some key points:
Our TVL remains strong and we're holding nicely our levels after the collapse/s of this past week. We are not affected in any way (rather than the negative market sentiment) by the Luna drama since we weren't holding any LUNA/UST. I have also refused to trade volatility after -99,9%.
I'm going to set up a full cold wallet for seed funds with a ledger on Hive, which will be operational in a few days at worst. Also, a Discord group to manage OTC deals between holders/ other members where I can act as the escrow.
DAO Maker presales have been halted again until further notice. We will continue to accumulate stables in our warchest.
Lately have been researching a lot of the possibilities of using BTC/ETH as collateral to borrow funds and give me more room to maneuver or simply farming for free (something that I had in mind and some members like edje suggested weeks ago). I usually use my own funds as test net before doing it with SEED, and so far results are more than promising. More on that later.
Since a few weeks ago I've been digesting a roadmap update for SEED, to polish the current value proposition and put on paper the different additions which have been added in the previous months (some basics about a buyback&burn plan, more details & insights about management fees, our HE pool, redeems of SEED, arbs, etc... and that kind of boring stuff). Still in my head! I'll let you know when it's ready.
Current SEED Stats:
Circulating Supply: 100.000 tokens (full released)
AUM Value (All assets): 235.000$
SEED BACKED Value: 235000/100000 = 2,35$ /SEED
235/10 = 23,5% MoM profit
We reached ATH last week at 480K$ approx. As I said I didn't want to jinx it, days later, 2 coins in the top 10 collapse into oblivion lmao.
Have a good weekend, and stay safe out there! These markets can be very dangerous!
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