Trying to stay objective about my $EKUBO bag rn Raw data: - EKUBO annualized holders revenue: $1.8M - Market cap: $39M - Current P/E: ~21 - Top 1 DEX by volume on Starknet, top 4/5 on Ethereum - Strong growth in TVL & volume on Starknet recently, thanks to the BTCFi wave led by the Starknet Foundation and StarkWare - Big drop in Ethereum volume lately (down ~10x from the top) - Current TVL: $65M Bullish points: (+) One of the fairest tokenomics out there, 100% liquid, no inflation and 100% of revenue used for buybacks (+) Upcoming launch of Ekubo’s new version across all EVM chains (Base, HyperEVM, Arbitrum, BNB Chain etc etc and probably MegaETH & Monad once live), ~ start of December (+) Open-sourcing of the EVM code, improving transparency and trust (+) New business model: anyone will soon be able to launch their own AMM using Ekubo’s codebase, with revenue-sharing for the Ekubo's DAO (+) The most cost-efficient AMM in the market (+) As BTCFi grows on Starknet, Ekubo benefits directly Neutral points: (±) Still top 4 DEX by volume on Ethereum, with ~$100M daily volume, but volume there doesn’t generate revenue for the DAO, and it recently dropped ~10x Bearish points: (–) Zero growth on Ethereum despite the new incentive program (–) No updates on the launchpad that was supposed to drop this summer (–) 0 marketing, community building or mindshare progress over the past months (–) No visible BD improvements (maybe stuff is happening behind the scenes, but nothing public) I’m still accumulating, mainly because the bullish points have far more upside than the bearish ones, especially since: - Improving marketing, community building and mindshare isn’t rocket science here, we’re basically starting from zero lmao - Moody’s name alone carries strong BD potential, and he recently mentioned one key blocker for BD was the protocol not being open-source --≥ this will soon be fixed. I don’t think that alone will 10x things, but I’m a monkey so I trust Moody here. wdyt chat