RE: Is ATOM about to explode? by revise.leo

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hive-167922 · @revise.leo · Jul 7 '21

All really interesting, I may have to hold onto my ATOM rather than selling it for stables, but then again stables are what I converted to get in on Osmosis and they must be covered! 

I think that maybe explains at least some of the TXs, it's the only  token on Osmosis you can offload to a mainstream exchange, ie Binance! 

I like that the AKT pool is two thirds AKT, so less ATOM getting drained there as the value (probably) increases... 

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@jk6276 · Jul 8 '21

Yeah, it looks like a lot of ATOM people are doing the same, put some assets in and then repay them from the income.  Looks like OSMO is feeling the consequences, and I won't be surprised if it keeps sliding down to $2 or so.

The uneven pools are great, and are under-utilised around defi imho. Great for reducing IL exposure.



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@revise.leo · Jul 8 '21

It's always the way with those tokens, I'm struggling with a 'use case' for Osmosis if one doesn't have to use it for fees?!?

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@jk6276 · Jul 8 '21

I think fees will apply at some stage.  Other use cases beyond Governance from staking (and obviously yield farming) remain to be seen.

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