While the majority of the crypto markets is stuck circle jerking around memes with tiny
wangs, the big dongs of crypto are taking the time to research the innovative technologies
arising during these turbulent end of bear market times.
Now is the time to identify the undervalued DeFi coins, who are going to surge up the
market cap rankings when the markets return in full force.
So are you ready for our B-Double D-E?
Big Dong DeFi Energy…well you don't really have a choice…because it’s time for Chico
Crypto!!
Of course I’m excited about DeFi on Bitcoin and BRC20 tokens, although this technology
is in its infancy, only a couple months old…thus the DeFi applications are gonna take some
time to develop and launch into the markets.
So today we are diving into DeFi coins whose applications are live, and are innovating
in the DeFi arena…
Now, you can’t say I haven’t been on fire lately finding the solid narratives and defi
coins that will make their way up the market cap rankings.
Per example…Maple Finance and the RWA narrative…I covered this coin back in early January of
this year, showing why it was undervalued due to the coming RWA narrative and products
the products they had coming in the pipeline..as we can see, back then Maple was sitting just
under 3 dollars, and was rank 570 on Coingecko…
As we can see today, Maple has doubled in price and has shot up the marketcap rankings,
now ranked 454 on Coingecko…that isn’t the only example, Pendle Finance…I covered
it just a few months ago in Early March…explaining it’s DeFi innovations and why it was undervalued.
Back then Pendle was sitting at 24 cents, and ranked #700 on Coingecko.
Today Pendle has basically doubled as well, sitting at 45 cents and ranked #459 on Coingecko.
So can I do it again?
Can I find the undervalued DeFi coins who will rocket up the rankings?
I think so, because we here at Chico Crypto have the B-Double D-E, big dong defi energy.
The #1 undervalued DeFi project I see in the markets is wayyyy down in the marketcap rankings….not
even in the TOP 1000 on Coingecko…
That is FlashStake…as we can see Flashstake is starting to move, but it’s still rank
#1045 with a measly market cap of just over 8 million dollars.
So why Flashstake??
Well this crypto project has innovation at its core.
Instead of staking or locking up your crypto and earning small amounts of interest over
long periods of time, Flashstake allows anyone to buy, sell, and earn the future value of
their money, today.
As we can see from their website, a person can claim up to two years worth of fixed-rate
yield on assets…right away.
So what does this mean?
Well here is an example from their docs with stETH, Lido’s staked Ether.
As we can see, 222 STETH were locked up for 88 days, and the person locking them would
instantly receive the yield over those 88 days which would be nearly 5 Ethereum….
STETH isn't the only asset you can instantly receive future yield from, as we can see from
their dapp, they also have GLP from GMX, sUSD from AAVE, USDC, Wrapped ETH, and plain ole
Ethereum….
Now you must be asking yourself how in the hell does this work??
Well under the hood, Flashstake pools deposits from the users together into yield pools which
are then deposited into solid DeFi protocols such as Aave, Yearn, or Lido.
The user is then able to immediately withdraw the yield that he would receive in the future
minus a small fee…
Where do those fees go?
Well the beauty of Flashstake is its a real yield protocol.
FLASH is the governance token of the protocol but also, the tokens can generate real yield
from the protocol fees each time someone uses the Flashstake.
This is done through the flashstake capacitor, where flash tokens are deposited to receive
the protocol fees.
As of now, the capacitor is just a smart contract you deposit to, but soon you will be able
to use the capacitor directly through the dapp…which means a bullish stop down the
road…
And there are more bullish stops coming for Flashstake!!
In just 2 days they are adding a new asset to the protocol…as we can see from their
Twitter’s pinned post, it’s from a protocol I love…rETH from rocketpool, which includes
a bonus for flashstaker of this asset for the first month!!
But wait there’s more……
Yup this one is gonna be a screamer….a 0xJeff on twitter posted a great tweet thread on
projects he was pumped for and Flash was one of them.
They tweeted last week “'Im especially excited for FLASH because…1)Potentially New Type
of Assets is in the work…Upfront yields for LPs or liquidity pool tokens, and 2) New
Value-Accrual Mechanism for $FLASH….
Woah…new assets, including upfront yield for liquidity tokens like from Uniswap….Boolish!!
But with value add for Flash tokens, if we go into the Flashstake discord, we can see…yes
new value accrual mechanisms are being worked on and discussed…last month, April 1st Zachary
of the Flashstake team said to the Core team…”maybe we can do an AMA or town hall soon to discuss
the new value accrual options soon?
Bullish stuff coming for Flashstake for the rest of the year & I could see Flash moving
up into the top 500 really soon!!
Now onto the second undervalued coin for this video…which also focuses on Real Yield…that
project is the Camelot exchange
Camelot is a decentralized exchange built on Arbitrum which has a sleek interface.
Trading is simple, just like Uniswap it’s just the swapping of tokens, easy for beginners
to understand.
Checking out some stats on Camelot, it has a TVL of nearly 100 million dollars.
Meaning that much money is locked up within its liquidity pools, and checking out the
DEX’s volume, we can see it has consistent volume averaging around 30 million per day
over the past 5 months…comparing that with its market cap, you can get a picture of why
this project is undervalued.
As we can see it’s rank number 835 on Coingecko, with a market cap under 15 million dollars.
But now let’s talk about that Real Yield from Camelot’s Grail token…well checking
out their documentation, we can see 60 percent of protocol fees get distributed to the LP’s
or liquidity providers, 22.5 percent get distributed as dividends to Xgrail holders, aka those
who stake their grail tokens, 12.5 percent of the fees are used for Grail buyback and
burns, and finally only 5 percent go to the core contributors of the project…
And people believe in staking Grail….going back to 0xJeff’s tweet thread, he also covered
Camelot…great minds think alike…and as we can see…65 percent of the GRAIL supply
is staked!!
Decentralized exchanges are the way….and with regulators coming after the big exchanges,
the narrative for DEX’s is only going to make headline after headline…and Camelot
is one of the first BIG DEX’s providing real yield to token holders…something that
Chico Crypto loves!!
So I could easily see this project making it’s way into the top 500 on coingecko this
year…
Well my friends, like I said….meme coins are garage, they are for chumps who have those
tiny wangs…Chico Crypto has that B-Double D-E.
Big dong DeFi energy.
Cheers I’ll see you next time!!