I love memecoin meta now: Without degens losing money for the magical 1000x there wouldn't be huge LP yields onchain for tokenized stocks

CN
2 hours ago

I love memecoin meta now:

Without degens losing money for the magical 1000x there wouldn't be huge LP yields onchain for tokenized stocks.

Think how low LPs would be for NVDIA/USDC in normal market conditions: volatility would just not be there for massive LP returns.

Massive, i mean 3 to 4 digit APRs.

Yet MemeFi degens decided to pair a shitcoin to a tokenized stock.

How innovative. I don't even need to LP memecoins now to benefit from memecoin mania high APYs.

In the past long-tail memecoins would rekt you due to high Impermanent loss.

Stocks are now low(ish) volatility but high trading volumes/fees thanks to meme/stock pairs.

They try to short squeeze stocks thus arbitrage opportunities and trading volumes on stock/USDC are superb!

Your memecoin degen sacrifices are hugely beneficial to crypto.


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