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miguel notes miguel notes @miguelnotes · 525 subscribers
Post #37 868
The idea is pretty complex, so if you really wanna understand it, you still need to read the article above

But in short: this is a protocol with three tokens
Arbitrage happens between two of them, the tax fees change every epoch, which generates SOL revenue, and most of that revenue is distributed to stakers of the third token - PROFIT

The project will keep working as long as there is volume. If volume starts to decline, it could follow the same path as SessionX on Base (if you remember that project, instead of dynamic fees, it had three pools opening at different times)

I decided to buy a small position because:
- Trenches are cooked rn, so unique ideas have a better chance to get attention
- Some smarts followed: MomoCrypto, Sam, Alpinestar
- $350k mcap

If I see a unique product — I buy it
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