kithe

After checking out Audiera's latest weekly report, I just wanna say one thing:
Price is just a result; revenue and burn are what really matter.
This week, we raked in 2.86 million USDT and burned 770,545 $BEAT, totaling over 12.35 million coins destroyed.
Meanwhile, we're sitting at #7 on the CMC weekly chart with a gain of +46.24%.
Now that's the kind of 'clear signal' that gives shorts a real scare.
$BNB #Binance $BEAT

Today, the Genius platform launched a KOL Tracking feature that's definitely worth keeping an eye on. In the past, if you wanted to follow KOLs, you'd have to hunt down their wallet addresses one by one, manually tag them, and keep an Excel spreadsheet noting who’s who. If they switched chains, you’d have to start all over again. Now, you can just plug in @GeniusOfficial , and it directly integrates KOL wallets across the BNB Chain, Solana, and Base into one single page. You can see who’s buying what, their position sizes, win rates, and average holding times—all at a glance.

Anyone who's done on-chain tracking knows how tedious this process can be. You finally find a smart money address on-chain, save it to your favorites, and a couple of days later they switch chains and you lose track. Or you’re trying to monitor five or six big players, each requiring a different browser tab, which is super inefficient. Genius effectively consolidates the scattered information from three chains into one dashboard, saving you not just time but also mental bandwidth.

From the screenshots, the leaderboard already features active addresses like HunterOnlyETH, CryptoDevinL, and Cupseyy, each marked with trading volumes, holdings, win rates, and profit/loss. Before, you'd have to check each of these individually on gmgn or your own tools; now it's built into the trading terminal, allowing you to place orders instantly, shortening the chain from info to execution.

Interestingly, Genius also implements Ghost Orders to help you mask your trading intentions while simultaneously providing KOL Tracking to let you see what others are up to. Combining these two features makes perfect sense—you want to protect your strategy from being copied while also keeping tabs on smart money movements. It’s a full-on offense and defense package.

And don’t underestimate the three-chain integration. The market rotates quickly; opportunities on the BNB Chain today might shift to Base or Solana tomorrow. If your tracking tool only covers a single chain, you're only getting a third of the picture. Genius extends cross-chain capabilities from the trading layer to the information layer, which is the right approach.

The feature has just launched, so its effectiveness will need real-world testing, but the direction is solid. $GENIUS has been moving towards positioning itself as the "on-chain Bloomberg," and KOL Tracking is another piece of the puzzle. #genius

Have the teachers noticed that since the second half of last year, the BTC ecosystem seems to have gone quiet? For instance, the project we're talking about, @Bedrock , is one of the few active players in the BTCFi lane right now. To be honest, back then there were tons of yield farming protocols popping up, with APYs that were off the charts, and the group was buzzing with non-stop signals.

But what happened? As soon as the tokens unlocked, the market tanked, and APY dropped from 15% to 4% in just two weeks. I personally hopped between three protocols last year, and I ended up making less than the gas fees. It’s not surprising that this whole lane has quieted down.

Relying on printing tokens to subsidize APY was never a sustainable path. But recently, I read an article about Bedrock 2.0's transformation, and I found it quite interesting. Instead of continuing the APY race, they switched things up completely. They’re using uniBTC as a unified entry point, connecting to four types of strategy vaults: quant arbitrage, DeFi liquidity, lending, and RWA. You can pick one that fits your risk appetite without having to jump around hunting for protocols.

I think the key change here is the source of returns. It’s no longer about protocols printing tokens to give you subsidies; it’s about real returns generated by actual strategies. These two things are fundamentally different. There’s also an AI assistant called BRclaw that helps you see what each vault is actually earning and where the risk exposures are. It’s still in beta, but I believe in its direction—strategies are getting more complex, and we need something to translate that into plain English.

Skepticism is still warranted. The four types of vaults are currently in PPT stage, and they haven’t produced actual data yet. Just talking about the efficiency of the uniBTC routing isn’t enough. If the tiered access design, $BR , isn’t done well, retail investors won’t be able to access the good strategies, which is just another form of being cut off.

But if you take a step back, BTCFi being quiet doesn’t mean it’s dead. In fact, it’s filtering out—who’s still doing serious work and who’s already bailed. It’s shifted from "who has the highest APY" to "who can actually help you manage BTC effectively." The first one to get this right will be the gateway to the next cycle. $BR #Bedrock

If you hang around this space long enough, you'll notice a funny irony:

These days, a lot of crypto projects have teams of two or three hundred, renting offices in the priciest buildings in Dubai, raising insane amounts of funding, but many end up ghosting. Meanwhile, the small teams quietly grinding away occasionally pop up at the forefront.

@GeniusOfficial is one of those.

I checked out The Block's coverage, and this project was founded in 2022 when the three founders were still studying at Yale. CEO Armaan Kalsi, COO Ryan Myher, and CTO Brihu Sundararaman originally weren’t even focused on a trading terminal but rather a tool for on-chain data readability, later pivoting to a trading platform; the core team has remained intact from start to finish.

Now, the whole company has just 11 folks. Feels kind of hype, haha.

What does having 11 people mean? Many meme project community mods aren’t even that many. Yet, these 11 have developed a cross-chain terminal covering 10+ chains, integrated with over 500 DEXs, handling over $16 billion in spot trading volume, and secured tens of millions in investment from YZi Labs, with Big Brother himself as an advisor.

They weren’t starting from scratch either; in 2024, they raised over $6 million led by CMCC, plus an additional $1 million, with investors like Balaji Srinivasan, Scaramucci, and market-making giants Flow Traders. It’s rare for early projects to get these big names to back them simultaneously.

COO Ryan Myher once said something that really encapsulates their mindset: "If you were rebuilding Binance today, you wouldn't do it as a centralized exchange — you'd build it on-chain." Coming from an 11-person team, it sounds like bragging, but when you look at their product's maturity and roadmap, the direction is serious.

I've seen way too many teams of hundreds produce outputs that don’t match what these 11 have achieved. This space has no shortage of money or people, but there’s a serious lack of teams with clear direction and consistent delivery. Genius went from a Yale dorm to Big Brother's stage, and their core team has never scattered; that alone speaks volumes.

$GENIUS prices can fluctuate, but the team's execution is solidly written on-chain.

Of course, time will prove everything!
#genius

The plaza just dropped some new stuff, feels familiar again~
Last month we just saw alpha hit the scene, and now嘴撸 is jumping on the bandwagon.
By the way, I'm curious how the alpha teachers are grinding every day; seems like May's returns were pretty solid.
I want back in too! 😭

Alright, back to business.
I've been digging into @Bedrock 's updates, and there's something that made me pause and think.

Selini Capital has officially plugged into Cap as an institutional borrower.
Meanwhile, Bedrock is the biggest underwriter on Cap, deploying $183 million.
Also joining the party are Amber Group, Flowdesk, and Susquehanna Crypto.

Put these four names together and savor it.
Market makers, quant firms, HFT players—these are heavy hitters in crypto finance.

One thing I've figured out:
This isn't just another "we've got another partner" announcement.
It shows real institutional funds are willing to borrow BTC-related assets on-chain through a credit framework for strategies.

What did we rely on for on-chain returns before?
Staking, mining, and yield farming; essentially protocols using token inflation to subsidize you.
Starting in the second half of 2024, this system will start to falter, and yield compression will be a reality for the whole industry.

Bedrock 2.0 is taking a different direction.
It's no longer about "I give you high APY, you deposit."
Now it’s about "I help route your BTC capital into institutional-grade strategies."

Selini Vault is the first live example.
At its core, it uses Cap for credit underwriting, while Symbiotic provides a shared security layer.
On the surface, Selini Capital is running quant arbitrage—CEX price differences, DEX-CEX arbitrage, high-frequency market making.
Deposit uniBTC, and the yield comes not from token inflation, but from real trading profits.

In plain terms, it's packaging hedge fund strategies into an on-chain vault.
Retail traders are encountering something like this for the first time.

Of course, it’s not a full buy-in.
We’re still unsure how much TVL the vault can handle due to its capacity limits.
How to price the credit risk of institutional borrowing? How detailed can on-chain transparency get? We’ll need to keep watching.
With $BR 's tiered access, will high-tier vaults effectively keep retail traders out?

Seven parts acceptance, three parts caution.

But if we step back, the significance of this isn’t just about Bedrock.
BTCFi is shifting from "whoever has the highest APY wins" to "who has the most solid credit framework, who can connect to real institutional capital flows."

This is the true watershed moment for the second half of the game.

$BR #Bedrock

It seems like Genius has pulled back 50% since the last call from Big Bro to go spot,

$GENIUS . 🥹 It's hard not to feel the sting, but like I always say—just HODL, you don't need to do anything.

Most folks see @GeniusOfficial and think it’s just an aggregator trading terminal, right? But the first line of the whitepaper is "Building a CEX on-chain." The team honestly breaks down why CEX wins: simple interface, default trading privacy, and capital efficiency crushing DEX—spot market DEX has 90% lower capital efficiency than CEX. The entire roadmap is just one step at a time to close that gap.

What really got me sitting up was the fourth phase: G.OX, on-chain binary options. The team's exact words: "We will never become a perpetual futures exchange"—they are never doing perpetual contracts. This goes against the consensus in a market flooded with perps. Their logic is that perps require constant margin and funding fees that can eat up your positions; if you just sit back, the funding fees can grind you down. Binary options are different; you lock in how much you can lose from the get-go, and they automatically settle at expiry without needing to watch the charts or add margin. It’s like playing the lottery—put in two bucks and the most you can lose is two bucks; you won't owe the lottery station anything.

How many people get liquidated in futures not because they got the direction wrong, but because they can't handle the volatility and get washed out by the margin system? Binary options sidestep this issue completely, plus they plan to extend into stocks and commodities—if they pull this off, it won't just be a DeFi play.

Current CMC data: $GENIUS price is $0.44, market cap $148 million, FDV $441 million, circulating supply 33.5%, with 18,190 holders and a 24h trading volume of 63 million, which is 43% of market cap—a high turnover rate. Comparing targets—340 billion daily trading volume and 500 million users—there's a huge gap. But the roadmap’s four phases—interface, privacy, liquidity, options—are logically consistent, each step chipping away at CEX’s structural advantages.

A 50% pullback is indeed tough, but if this project delivers step by step, looking back at today’s price might just seem like a joke.

Of course, the second phase of Genius’s incentive program is still ongoing, and honestly, this is a project that’s definitely worth getting into in the current environment!!!
#genius

Yesterday we chatted about @GeniusOfficial possibly stealthily building a privacy infrastructure on BSC. Today, I took a deeper look at Gh0st, and the more I dive in, the more I feel this direction is seriously undervalued.

The logic is pretty straightforward. When you buy groceries at a market with cash, the vendor doesn't know your balance, what you've bought before, or where you live—it's a straightforward exchange. But with a credit card, the bank knows where you spent, how much, and what you purchased. On-chain transactions are the extreme version of the latter—wallet addresses, holdings, and every action are all public; anyone can look it up.

I've personally taken a hit; I once built a position on-chain, and my wallet got flagged by a bot. Every time I bought, it followed me, turning me into someone else's free signal source. On-chain, you're completely exposed.

Gh0st addresses this, but with a different approach than traditional privacy solutions. It doesn't hide transactions or erase them from the chain; instead, it routes orders through intermediary paths, breaking the link between the main wallet and the actual execution. By orchestrating across dozens of wallets, a single transaction turns into scattered operations across unrelated addresses, making it hard for outsiders to piece together the full picture. It's like sending a package without wanting to expose your identity—not by not sending it, but by routing it through several transfer stations, where the recipient gets it, but the intermediate parties can't see the complete sender information.

More importantly, the official stance emphasizes "compliant privacy"—outsiders can't easily track it, but regulators can verify all activities on the ledger. It’s like telling regulators, "I’m not helping to launder money; I’m just preventing ordinary users from being bullied by chain bots." This is completely different from ZEC's full anonymity route, and instead, it paves the way for institutional money to enter.

The official phrasing nails it: "Privacy should not mean opacity; it means protection." Gh0st aims to restore execution parity—why should institutions be able to use dark pools while retail traders are left exposed?

Gh0st is already live on the BNB Chain, paired with PropAMM, and the combo of $GENIUS privacy + liquidity is taking shape. #genius

Unless something unexpected happens, $GENIUS is still steadily climbing on Binance spot. But to be honest, the price action on this day looks a bit rough, sigh. Of course, that’s not what matters; Genius is the second BNB ecosystem project I’m going to dive into hard after Aster. The short-term candlestick charts aren’t my focus.

By the way, just a heads up, @GeniusOfficial currently has a financial product offering 200% annualized returns with a cap of 1000 coins. If you’re interested, you can research where to borrow coins or hedge yourself to lock in that yield, which is pretty tempting.

Alright, back to business. I saw a tweet today that resonated with me: if BNB breaks into four digits or hits a new all-time high, people won’t just talk about BNB itself, but will start seriously examining what it’s building on-chain.

Thinking it over, it’s true. BNB Chain has been missing a convincing "on-chain trading ecosystem" narrative for the past two years. Compared to Solana, the trading experience is lacking, and compared to Ethereum, the DeFi depth isn't enough. But Aster and Genius are stepping in to fill these crucial gaps.

What Aster is doing is bringing more perpetual markets and trading activity to BNB, which basically means keeping derivatives players on-chain instead of running off to CEX. Genius is approaching it from another angle—routing, privacy, execution—targeting serious traders who have high demands for trade quality. One enhances the breadth of trading categories, while the other improves execution quality; together, they create the complete trading ecosystem we need.

Moreover, both projects are addressing what BNB is most lacking: more trading volume, better liquidity, and superior execution—giving traders a reason to stay on-chain instead of going back to CEX.

Right now, the price surge for BNB might not have fully reflected on the ecosystem projects, but once we truly enter the price discovery phase and retail investors start pouring in looking for targets, these foundational infrastructure elements will be the first to get repriced. $GENIUS and Aster might just be in this window.

Lastly, just to mention, the official second trading competition with @fourdotmemezh is still ongoing, with a total prize pool of 20,000 USD and less than two weeks to go until it ends. If you want to jump in, check out the rules. #genius

From a data perspective on $BEAT, I've been keeping an eye on a few key metrics:
① CMC: Price around $1.12, market cap approximately $298 million, 24H trading volume about $26 million, FDV at $1.18 billion.

② Platform revenue burn: Cumulative burn has exceeded 10.86 million tokens, with 715,000 tokens burned last week.

③ User structure: 30-day Buyer Retention over 74%.

I'm particularly focused on the third point. Because for many projects, the toughest part is getting 'people to stick around.'

At least from what I see now, on-chain participation and the deflationary logic are still strengthening.
$BEAT

From Ghost Orders to PropAMM, is Genius quietly building ZEC on BSC?

I just finished watching Big Brother himself advocating for keep building yesterday, and today I stumbled upon a long tweet from Ella Zhang about @GeniusOfficial . The more I read, the more I feel this project's roadmap hides a covert agenda.

Ella highlights a crucial sequence: Genius first tackled the Ghost Orders to solve on-chain privacy, then designed the PropAMM under the BEP-668 framework. Most folks are focused on the efficiency and cost of PropAMM, but when you prioritize privacy, the entire logic chain shifts.

On-chain trading is often criticized for being fully transparent. Every swap and every position opening is visible to everyone; whales get tracked by chain bots, and sandwich attacks are a daily occurrence. Ghost Orders leverage MPC technology to split a transaction into up to 500 wallets for dispersed execution, leaving on-chain observers with hundreds of unrelated small transactions, making it virtually impossible to trace back to the original intent. This isn't just about "mixing coins" for privacy; it makes the strategy invisible at the transaction structure level.

Now, looking at PropAMM. Market makers' proactive quoting is inherently less transparent than traditional AMMs—while anyone can calculate the liquidity distribution in LP pools, the logic behind market maker quotes is a black box. Plus, BEP-668 ensures that quotes are executed first, reducing arbitrage windows, while also plugging a leak for information exposure.

Ghost Orders protect traders' privacy, and PropAMM safeguards market makers' privacy; together, they form a complete on-chain privacy trading infrastructure.

Ella also mentioned a vision: just like Bloomberg unified traditional finance, Genius aims to create a unified layer for cross-chain aggregated liquidity, execution, identity, and intent. Note the terms "identity" and "intent"—these are the core propositions of privacy. Who is trading and what they want to do are protected on-chain, alleviating one of the biggest concerns for institutional investors.

So I have a bold hypothesis: could Genius's ultimate goal be ZEC on BSC? Not just creating a privacy coin, but using a combo of trading terminal + privacy protocol + liquidity engine to transform "privacy" from a token attribute into an infrastructure attribute. ZEC can only ensure transfer privacy; Genius aims for total transaction privacy.

If this path works out, the value anchor of $GENIUS might not lie in the DEX space, but in the privacy sector.
#genius

Big Bro is personally getting involved, @GeniusOfficial , why is he saying Keep Building?

Today’s market is really trash, but looking at $GENIUS , it seems like a green spot in a sea of red, peaking at 0.8. I checked it out and turns out Big Bro gave it a shoutout, haha.

Big Bro's exact words were "Genius quickly built one of the first and cheapest propAMMs on BNB. Keep building."—he even retweeted it with a clapping emoji; that’s not something just any project gets.

So what’s the deal with this PropAMM? The core logic isn’t too complicated: most transactions on the BNB chain are still relying on the old-school AMM model, where LPs passively provide liquidity, leading to wide spreads and high slippage, resulting in low capital efficiency. PropAMM switches things up by letting professional market makers provide real-time quotes; whoever quotes tightest gets the trades, so traders end up with much better execution prices.

This model has been proven on Solana for a while, but EVM chains have had a bottleneck issue: when market makers post new quotes, on-chain ordering doesn't guarantee they get executed first, resulting in people getting filled at stale prices and losing money. So market makers on EVM have been hesitant to tighten spreads. The BEP-668 that BNB Chain is pushing is basically providing a "priority lane" at the protocol level, ensuring that quote updates always get executed ahead of trades, alleviating market makers' concerns and allowing them to offer better prices.

On top of that, GeniusFi has taken it a step further—not pooling by trading pairs, but rather unifying all assets into a single liquidity pool for matching. It’s like going from queuing at individual counters to a single hall with unified calls; funds don’t get spread thin across dozens of pools, maximizing efficiency.

When Big Bro says "cheapest," he’s talking about this. The tighter the quotes, the lower the user’s trading costs, and on-chain aggregators will naturally funnel traffic to the cheapest option. If GeniusFi can consistently deliver optimal pricing, then binding trading volume on the BNB chain is basically just a matter of time.

For Big Bro to come out and say keep building, it shows he’s backing this direction. $GENIUS is not just a token; the real value lies in the liquidity engine behind it. #genius

Genius isn't just a DEX; it aims to be the "default layer" for on-chain trading.

A few days ago, $GENIUS was making waves in Shanghai. As a perp DEX, its overall performance has been decent, and I've been holding onto some of that spot myself.

Today, I saw a video interview with Genius Terminal's CEO Armaan Kalsi on CCN, discussing cross-chain trading, UX, and privacy. After watching, my understanding of this project deepened; I initially thought it was just an aggregated trading terminal, but now I see the team's ambitions are much larger than I expected.

Armaan summed up why CEX still holds dominance in three points: simple UX, AMM capital efficiency is low compared to order books, and on-chain trading is fully transparent with no privacy. Genius aims to tackle all three of these issues on-chain—providing a single interface that connects over 500 DEXs across more than 10 chains, with automatic handling of gas chain switches, delivering an experience comparable to CEX while keeping your wallet fully in your control.

The trade-offs they made regarding privacy really stood out to me. Many projects talk about privacy by using ZK and mixing coins, but Genius only does wallet obfuscation during the funding phase before trading (Ghost protocol), and doesn't touch privacy during the execution phase to avoid sacrificing speed. This approach is very pragmatic—traders need speed first, and privacy is just a bonus that shouldn't slow things down.

Armaan had a key statement: "People value access to opportunities more than CEX's UX." Indeed, when meme coins exploded, the massive trading volume shifted on-chain not because DEXs were easier to use, but because early opportunities were only available on-chain. @GeniusOfficial is betting that this trend continues—RWA tokenization, derivatives on-chain, prediction markets—they all need a unified entry point.

With just 11-12 team members, they've achieved this level of completion, and with backing from YZi Labs and CZ as an advisor, Armaan mentioned the goal is to become the "default trading layer" on-chain, not just to create an app. The terminal space is highly competitive, but at least from this interview, the team seems clear-headed and pragmatic, so I'll continue to hold and see where it goes. #genius

$BEAT Full-spectrum data resonance, the market is being re-priced.

Perp 24h trading volume: 4–5BN, ample depth, large funds moving in and out without friction.
FDV breaks through $1.5 billion, officially entering the mid-large cap territory.
Price has rallied from $0.26 to $1.44, with a maximum increase of 450%+ in the range.
30-day on-chain Buyer Retention at 74.39%—buyers are holding strong, positions are solid.

On-chain footprints are crystal clear: retail-driven, chips locked, ecosystem expansion accelerating.
Trading volume × FDV × Retention triangle validation—
This is a curve of organic growth, not a needle-like spike.

After reading the GeniusFi whitepaper, I think this is way more important than just launching a token.

Haven't been to the plaza in a while, but today I saw that Genius is actually on Binance, and I had to take a closer look.

Genius is @GeniusOfficial , remember those genius traders from the website? Back then, I snagged 144 $GENIUS tokens using a low-risk strategy, and if I recall correctly, they burned 70%. If they had given it all like aster back then, it would have been a wild ride.

Back to the point, this morning I saw the Genius team dropped an article about the GeniusFi PropAMM. My first reaction after reading it was: this innovation is way more crucial than just launching a token.

On Solana, the PropAMM has already absorbed over 80% of the traffic in mainstream trading pairs. Professional market makers are actively quoting, and the spreads are tighter than traditional AMMs, even better than some CEXs. But on the EVM chains, it's been a struggle—there's no way to guarantee that the price updates execute before swaps, so market makers are hesitant to get stuck with outdated prices and can only offer wider spreads.

The upcoming BEP-668 on BNB Chain aims to solve this by implementing a pre-confirmation mechanism that ensures price updates execute at the top of the block, allowing market makers to finally tighten their spreads.

What's even more interesting about GeniusFi is its architectural design. Traditional PropAMMs separate funds for each trading pair, but GeniusFi creates a unified cross-product matching engine, allowing all assets to share a liquidity pool for automatic cross-pairing—bringing CEX-level capital efficiency onto the blockchain while still maintaining transparency and composability. In terms of risk management, if the pre-confirmation signal is missing, the contract will outright refuse to execute, preventing trades from running naked, which shows that the team is serious about their work.

Of course, BEP-668 hasn't fully passed governance yet, and the high concentration of market makers in the PropAMM does carry risks. But overall, while other projects are busy launching tokens and creating memes or reward points, Genius is focusing on building the core liquidity layer for the BNB chain, which handles $727 billion in traffic annually. This strategic move is definitely savvy.

Compared to just tracking token prices, these underlying narrative shifts are what we should really be paying attention to. The story of $GENIUS might just be getting started.
#genius

Last month, to keep my agent from going offline, I rented a cloud server.

I set up Docker, configured the environment, dealt with SSH, and set up the firewall; I spent the entire weekend tinkering. But then on the third day, the server inexplicably crashed, and the agent flaked out on two trades, losing more money than the server rental cost.

Later, I realized something: I’m here to generate on-chain yields, not to be an ops engineer.

So when I saw @OpenLedger 's OctoClaw working on Cloud Config, I totally understood the need—debugging strategies locally and pushing them to the cloud to run 24/7 without the hassle of managing a server myself. For someone like me who can only click a mouse, that’s the right product direction.

Of course, the security and costs of the cloud still need to be validated once it officially launches. But at least it’s way more reliable than my own server maintenance, right?

$OPEN #OpenLedger

Back when I was making gains on-chain, the most annoying thing was juggling between DEX to check data, TG for signals, and my wallet for manual operations—flipping between three screens, and if I was even a bit slow, slippage would eat up half my profits.

So when I saw @OpenLedger drop OctoClaw, my first instinct was to download and give it a shot. Simply put, it compresses monitoring, analysis, and execution into one AI agent that runs directly on-chain.

The best part is you can choose which model drives the decision-making, rather than being handed a black box bot with some unknown logic.

I'm still in the experimental phase, can't say it's perfect, but at least the "jumping between three screens" issue is definitely solved. Anyone who's done on-chain yield farming knows this pain.

$OPEN #OpenLedger

DePIN is looking bullish, the strategies are pretty much the same: sell nodes, mine coins, list them, and then what? Nothing more. Projects that can survive a full cycle are few and far between.

I've taken a closer look at @AethrProtocol, and the reason is simple: they don't just want to hang around in the crypto space.

The team is pushing for compliance to list on Nasdaq. It's not just talk; they're genuinely pursuing profit buybacks and compliant paths like STOs. They aim to anchor $AET to the stock prices of listed companies, making the token more than just a token, but something with equity attributes. This mindset is indeed rare in DePIN, where most projects struggle just to get listed, let alone touch the traditional capital markets.

Their positioning is also different from typical hash power projects. They’re not just selling GPU time; they provide a dual-resource network of computing power and bandwidth, laying the foundational energy infrastructure for AI. They don’t build AI but give it a place to run, somewhat like the relationship between appliances and the power grid. No matter how advanced the appliance, it's just a decoration without power.

Is the narrative big? Definitely, but the bigger the story, the more time it takes to deliver. The road to compliant listing is a tough battle, and the technical threshold for integrating dual resources is significant; it's not just about painting a pretty picture.

Just to touch on the economic model: node activation costs 10 oil, monthly electricity is 25 oil, with a daily output of 4 oil. Withdrawals come with a time lock: after 15 days, you can only take 25%, after 30 days, 50%, and after 60 days, you can withdraw the full amount. Levels range from V1 to V5, with weights increasing from 1x to 1.6x. Higher levels also have reduced electricity costs. The whole design is basically a filter, weeding out the short-term players and leaving those willing to stick around.

$AET #AethrProtocol #BinanceSquare #DePIN

When the TGE dropped on $BILL , I noticed a lot of KOLs only received paper airdrops (you can see the amount, but there’s a lockup period, can't claim yet).

I was wondering if the project team might pull a stunt like that, giving you a fat paper airdrop, and then KOLs can't cash out, would they short to hedge?

Then the project team could play dirty and pump it all the way up 😂. Of course, this is just my theory. At that time, Binance didn't have futures yet, so I jumped onto another platform and opened a small position, and it turned out pretty profitable 😁