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INDY has taken a bit of a beating along with most other non-meme CNTs. But a DAO proposal just passed that will effectively use 60% of the ~1M ADA in monthly revenues to stimulate it. 30% goes to INDY buybacks by the DAO and the other 30% is given as ADA incentives to INDY stakers. The buybacks alone will add ~300k ADA/mo or 10k ADA/day in buy pressure (current volume is ~100k/day).
Alpha Block
Sideways activity last 2 weeks
3 months ago
Alpha Block is friends with Serotonin
Basic Information
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Gender
Male -
First time using AXO
01/23/2024 -
About me
Axo enthusiast and strategy designer
Trading Information
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Favorite AXO Strategy Link
https://app.axo.trade/strategies/view/xJElIG -
Favorite AXO Strategy Description
50-50 CPMM (Optional Zap-in)
Mimics a constant product market maker and lets you set your own "fee". -
Cardano Experience (Check any)
Art/NFT Collector
Trader
Advanced
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Trading Experience
Frequent
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I Stake my ₳ with Alpha Block
Yes