+1.66M @solsticefi Flares in just two days.
My current 7.31M Flares represents about 0.037% of total Flares supply.
So is it worth buying YT-USX & YT-eUSX on Exponent just to farm Flares?
Let’s break it down 👇
My initial positions (total invested: $2,000)
- YT-USX: $1,000 → now $841 (-$159)
- YT-eUSX: $1,000 → now $492 (-$508)
Value of 8% SLX supply at a $100M FDV:
- 8% = $8,000,000
- $8M / 19,602,549,335 Flares = $0.0004081 per Flare
- 7.31M Flares × 0.0004081 = $2,983.21
So even if my entire $2k YT position went to zero, my current Flares value already exceeds my initial cost.
And realistically:
- YT-USX or YT-eUSX hitting zero before TGE is extremely unlikely, meaning I can still exit after TGE.
- $100M FDV for SLX is very bearish. Even if SLX launches at just 1/10 of Ethena’s current FDV, that would already be a 4x, putting my allocation at ~$12k. (If it happens, I will use the profit to add LP on @IOPn_io)
Right now I’m earning 830,364 Flares/day, and my growth rate is ~1% higher than the total Flares growth,
which means:
my share of total Flares is increasing every day.
Looks worth it to me.
Don’t let your stables sit idle in your wallet.
Deposit into @solsticefi to earn Flares and position yourself for the $SLX airdrop at TGE.
I just picked up ~20k YT-USX with $1k thanks to the 30x Flare boost, which now gives me 595,333 Flares/day.
I also have another $1k in YT-eUSX, earning 235,089 Flares/day.
That’s a total of 830,422 Flares/day.
And I’m pretty confident these Flares will cook hard once TGE hits.
@solsticefi If you just get started, don't forget to use my code "QLKgcp9ExZ" to get free 1,000 Flares.
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