My man @DFKHarmDogg asked me: "What makes you so bullish on $AVAX?"
Well, I'll tell you.
I'm making ~20% looping on @AaveAave ...
... and @BenqiFinance
...and @GMX_IO has a treasury token, $GLP, of $BTC, $ETH, and $AVAX, with yields including escrowed $GMX and a yield-multiplier token. $GMX doesn't depend on $AVAX, and it's APR is good, and APY ~12%, calculated, so that's a real APY, folks.
I'm accumulating $BTC and $ETH-stake.
Here's the thing.
No matter what AVAX does now, I'm generating income from it. And, G-d forbid it, $AVAX goes up, I'm going to make a MINT of money from the gain.
But I don't even care now.
I'm buying so many AVAX that the income it generates alone is fine for me now.
Folks, $AVAX is a protocol token. It's 'money,' so not an end in itself, but a means of exchange.
I USE $AVAX to fund projects that are interesting.
I USE $AVAX to BUIDL.
That's why I'm bullish on $AVAX, because, for me, it's useful, and that's a rare thing to say about a token.
Awesome blog post G, thanks for the insights.
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