Tomorrow WLFI will be unlocked and launched, everyone must be paying attention. We've talked about its business once; the stablecoin usd1 is essentially issuing bonds, which is a sure profit, temporarily scaling over 2 billion; the other part is related to $WLFI DeFi banking business, which is basically an on-chain bank.
Today, let's talk more. Why do I say this is a top-level conspiracy? Because for Trump, both rising and falling are big profits.
WLFI spot trading is going live, and this time 20% of the tokens were unlocked through voting. Regardless of who is in charge and their style, in the abstract financial market, there are only two directions: up and down.
Those who hope for it to rise are already holders of WLFI, which are early investors. The stablecoin usd1 serves as a foundation, combined with lending services, it is definitely an on-chain bank with a political background, and the logic is very strong. It should be noted that WLFI, as a governance token, has a very important function, which is voting rights. How much is unlocked and how much early investors can cash out are decided here.
Those who open banks have money in hand, and it's very easy to casually pull out a few billion in incremental funds. So regardless of who is in charge, this is a wealthy battle, easy to fight. When it rises, it's good for you, good for me, and good for everyone. Assets appreciate while voting unlocks, and reducing positions is fine.
However, what if there are troublesome people trying to harm me? There are plenty of wealthy people in America with rebellious tendencies; Trump is a very special person, some really like him, while others really dislike him.
So there are two ways to counter Trump: one is to buy in, having enough voting rights to prevent him from reducing his holdings and cashing out. However, this is not very realistic; asset appreciation will make cashing out very easy, even allowing banks to borrow as the token price rises.
The other way is to short, causing his assets to rapidly shrink and collapsing this model. However, the role of usd1 becomes especially important at this time because I have already printed 2 billion, and the market cannot stay below the clear cost line for a long time; this is a 100% arbitrage opportunity. It should be noted that Trump's chips were obtained when the market value was below 2 billion (details can be found in the previous article's appendix 2).
At this point, the WLFI operator can use a smaller amount of capital to gain more chips for trading, obtaining not only governance rights but also bloody chips. Let's return to the first step of fighting a wealthy battle.
So, to summarize, according to our deduction, after the spot goes live, it is possible for challengers to arise, testing the operator's ability, with several directions of counterattack, possibly squeezing WLFI's upward space.
However, how to put it, it's still Trump playing with flowers and tricks, actually a two-way trap; he can accept both rises and falls, and both are profitable. Upon reflection, this conspiracy is interesting!
Let's wait and see! After breaking out of the pattern, I will probably increase my position. 😂
