WanBo Cap

$LIT (Lighter): Undervalued Real Yield Assets

The official website has not announced it yet, but we dug into the on-chain code, and the V2 version Staking is about to go live, soon starting real USDC fee dividends.

1/ Real Dividends (USDC)
The mechanism of Lighter v2 is very strong: it converts 100% of order book fees into USDC directly distributed to stakers.
I checked the on-chain data, and this week the treasury has already allocated $580k USDC into the dividend pool. Holding the platform token is no longer just a paper asset; it is like holding company stock, enjoying dividend rights + voting rights.

2/ Yield Estimation
Based on the current volume: • Base APR: ~39% • veLIT (locked for 1 year): after bonus >58%
Close to 60% U-based yield (excluding price fluctuations), and it is based on real income, which is still very rare.

3/ Chip Structure
On-chain monitoring of Wintermute / Coinbase Prime has been continuously accumulating over the past 72 hours.
I checked a lot of data, the financing cost for the last round of institutions was about $1.50, the current price is $1.75, which is almost on par with top VCs. This kind of “reverse pickup” position has a relatively thick safety cushion.

4/ Risk Points
If I have to mention a hard flaw: liquidity is locked, to obtain high yields, you must lock up (veLIT), and early redemption is not allowed.
This is trading liquidity for yield; if the funding cycle is short, or if you are pessimistic about the market, still exercise caution with long-term staking.

For a protocol with annual revenue of $70 million to $100 million, with potential for continued growth, a market value of $440 million, and a PE of around 5 times, it is not expensive at all compared to air coins on the market that often reach tens of billions!

A few sentences to understand the #USD1 newly launched 40 million knife airdrop event:

1. The original 20% annualized interest for the current financial management will issue the last interest on the 23rd, ending on the 24th.

2. After the end, transfer USD1 to the contract/margin account to enjoy a 1.2 times equity bonus to receive WLFI airdrop. The airdrop rewards will be issued once a week, with the first issuance on February 2nd.

3. The total issuance of USD1 is 3.5 billion. Since there is no limit this time, institutions will definitely take most of it, so the pledge rate is calculated at 80%. The 4-week yield is 1.43% ≈ 18.6% annualized (similar to the 20% financial management yield).

4. It is important to note that you will receive WLFI tokens, with a weekly sell pressure of 10 million USD. When rewards are issued, the coin price will definitely drop. The best strategy is to hedge the equivalent airdrop rewards before the rewards are issued on February 2nd, and sell the spot/close the hedge after receiving the airdrop.

In order to acquire Greenland, Chuanzi announced that Europe will face increased tariffs.
First, he applies extreme pressure, then takes a step back; this is his consistent tactic.

Final result speculation: tariffs will be dropped, the United States will obtain resource extraction rights in Greenland, increase troop deployment, while sovereignty still belongs to Denmark.
Achieving his goals while allowing the EU to save face, making it not too embarrassing on the surface.

Affected by the news, $BTC fell below the critical support of 94000... the shorts are ready to pop champagne, and the upcoming market fluctuations will begin to increase.

If the rebound cannot surpass 94000, it is highly likely to return to the lower range around 86000.

On the counterfeit side: #DASH , as predicted yesterday, it rose to near the previous high and is now in a pullback, forming a central axis.

The weakest is #Lıt , but today the code update may lead to the release of version starting2.0.
Staking increases the lockup period, and based on the lockup time, a staking ratio exceeding 1:10 will be given.
Lit staking enjoys protocol dividends!
If this 2.0 version is launched, it will definitely be a great benefit.
Now is the most intense phase of the washout, just hold on.

$DASH price rises, and open interest rises simultaneously
Moreover, negative interest rates have started again, and the market maker has successfully lured short sellers in.

In Figure 1, it can be seen that $LIT has been continuously declining after the launch of staking, and given the current size of the pool, the staking demand at a ratio of 1:10 is already approaching equilibrium...

If the LLP pool does not grow, there will be no new staking demand, and for now, the possibility of a spiral increase cannot be seen.

I don't know why the protocol income for this weekend is not visible on defillama, but last weekend's earnings were dismal, and I don't know when the officials will start manual buybacks...😤
#lighter

$DASH starts from 96.85 down to 71.42 can be seen as a complete 1-hour pullback

Now it begins a new 1-hour level upward, and the volume in this segment is generally not very strong

It may start to pull back near the previous high to build the first upward center, preparing for the subsequent rise and consolidation

The positions reduced around 90 have been bought back

$DASH 3 The sky has doubled, and such a strong approach may have some factors driven by a part of the privacy sector, but the core logic of Dash this time is not privacy but "payment implementation and platformization".

The Dash Evolution test network, which has been delayed for many years, will undergo a major upgrade on January 27th.

In terms of payments, it has announced the integration of Alchemy Pay and AEON, with the 50 million terminal devices behind AEON capable of receiving Dash and automatically converting it to fiat currency (settlement).

Currently, the trend is very strong, and many have sold off, hoping for a pullback to buy back in. The target challenges the previous high of 150, and pay attention to the node on the 27th; if it does not meet expectations, most will Sell the News.

Stake this $LIT , and when unstaking, there's no delay mechanism at all—staking and unstaking can happen instantly. What's the point of staking then?
Large holders directly unstake 1 million tokens and crash the market... Truly a makeshift operation...