lighter and other unissued token perpetuals' potential negative spiral:
Token price keeps declining Trading volume doesn't meet expectations Season 3 can't get off the ground Open interest and liquidity move to new perpetuals LP yields worsen No one wants to hold LLP Not wanting to hold LLP, staking LIT is meaningless LIT further declines Continuing the negative spiral.
Hype truly takes off after issuing tokens. Looking at other platforms, the rise happens during fundraising, and the landing occurs at TGE.
Today I saw the staking benefits for LIT, which are bleak and terrible. Planning to cut all losses and clear out LIT.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
lighter and other unissued token perpetuals' potential negative spiral:
Token price keeps declining
Trading volume doesn't meet expectations
Season 3 can't get off the ground
Open interest and liquidity move to new perpetuals
LP yields worsen
No one wants to hold LLP
Not wanting to hold LLP, staking LIT is meaningless
LIT further declines
Continuing the negative spiral.
Hype truly takes off after issuing tokens. Looking at other platforms, the rise happens during fundraising, and the landing occurs at TGE.
Today I saw the staking benefits for LIT, which are bleak and terrible. Planning to cut all losses and clear out LIT.