ngl $HOME has been one of the better performing post-TGE token out there. While most newly listed tokens typically experience 30-50% drawdowns post-TGE, @defidotapp is up by +25% in price discovery mode. Probably isn't surprising considering the recent approval of this DAO proposal which translates to $7.5M buy volume (at cur. price). Think as long as market holds up well, $HOME may be primed for a set-up as it gears for mobile-app release. Taking usage distribution to the next level is contingent on the success of this imo, and if well executed the boost on $HOME flywheel will be significant. h/t @coingecko for chart reference.
Defi App 🎩
Defi App 🎩8.8. klo 21.09
Up to 187.5M $HOME will be bought back from the market. DIP-005 passed: for every 1 $HOME unlocked from the @KaitoAI campaign, the DAO buys back 1.5 $HOME. This proposal leverages DIP-004 TWAP - buybacks trigger when tokens unlock.
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