Today is the one-year anniversary of @berachain's TGE, and it's also the first large-scale unlocking day. At the same time, it is also the day for the second round of airdrop collection for my 🐻 NFT, where I received 193.516 of $BERA to put on the hub to earn interest in coin-based assets. From the price movement last night, it seems we are saying goodbye to those who cannot wait and those who can.
From the recent statements of the foundation and project parties, we can predict the direction of the upcoming script with high probability:
1. DAT and the foundation along with OGs will acquire more bloody chips from VCs.
2. The diverse ecology will change to the project parties personally supporting key projects.
3. The even distribution of PoL will change to targeted distribution for key projects/tokens.
4. Reduce the annual inflation of $BGT ( $BERA ).
5. Empowerment and value mapping from the real world to Bera.
If you don't understand, that's okay. Let's simplify it from an arbitrage perspective:
1. Targeted PoL distribution means that there will be a very high APR for a certain vault on the bear chain, which is arbitrage opportunity 1.
2. The escape of VCs and large holders will lead to the undervaluation of swBera, meaning you can acquire swBera at a low price from Dex, and then redeem Bera at the normal exchange rate through the hub. This is a perfect coin-based arbitrage for Bera, and combined with hedging, it's U-based arbitrage. This is arbitrage opportunity 2. Over the past few months, my partners and I have repeatedly verified and benefited greatly from this method. Just a few days ago, @BitHappy, the arbitrage master, also publicly mentioned this, and I really envy them for having a group of like-minded arbitrage partners.
This is my humble understanding; if there are any mistakes, please correct me.
#Berachain
From the recent statements of the foundation and project parties, we can predict the direction of the upcoming script with high probability:
1. DAT and the foundation along with OGs will acquire more bloody chips from VCs.
2. The diverse ecology will change to the project parties personally supporting key projects.
3. The even distribution of PoL will change to targeted distribution for key projects/tokens.
4. Reduce the annual inflation of $BGT ( $BERA ).
5. Empowerment and value mapping from the real world to Bera.
If you don't understand, that's okay. Let's simplify it from an arbitrage perspective:
1. Targeted PoL distribution means that there will be a very high APR for a certain vault on the bear chain, which is arbitrage opportunity 1.
2. The escape of VCs and large holders will lead to the undervaluation of swBera, meaning you can acquire swBera at a low price from Dex, and then redeem Bera at the normal exchange rate through the hub. This is a perfect coin-based arbitrage for Bera, and combined with hedging, it's U-based arbitrage. This is arbitrage opportunity 2. Over the past few months, my partners and I have repeatedly verified and benefited greatly from this method. Just a few days ago, @BitHappy, the arbitrage master, also publicly mentioned this, and I really envy them for having a group of like-minded arbitrage partners.
This is my humble understanding; if there are any mistakes, please correct me.
#Berachain