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Check out the presale project Treehouse on #binancealpha (TREE) launching on July 29. How to estimate the coin price and execute trading operations?
Background: ETH's liquid staking yield protocol
Financing: 4 rounds, 1st round $2.4M + 1st round $18M + 1st round unknown amount + 1st round unknown amount, valuation $400M
Business: APR 2.81% TVL $573.86M Users 43.07K Audits 10+
Valuation: 1) The second round financing valuation is $400M, purely nonsense, the VCs giving the valuation are all third and fourth tier unremarkable ones.
2) Comparison of TVL and FDV in the same track
Frax Ether $361.32M $320M
Stader $596.79m $100M
StakeStone $127.13M $100M
Swell Liquid Staking $123M $100M
Conclusion: The valuation of ETH liquid staking is generally lower than TVL, and the APR given by Treehouse is far below the market average interest rate, which should rely on large holders taking advantage of airdrops. Overall, a market cap of $100M at launch is relatively stable, and exceeding $250M would allow for shorting.
Due to some information not being released, analysis cannot be conducted at this time. If there are updates later in this article, they will be followed up in the comments section.