The proposal is brilliant. Just stating that they are buying drove speculators to close the gap. In the end, they will spend even less than anticipated!
WNXN sitting at .0198 now from a high of .021 on Saturday... there is still a potential 16% to 0.023 - why do you think is that?
Another question related to finding similar asymmetric bets: is watching DeFi projects proposals a good way to stay on top of things and find opportunities (do you think of checking regularly as a process), or was this pure luck as you were researching NXM?
This is great content, v impressive all round
Congrats on the trade
The proposal is brilliant. Just stating that they are buying drove speculators to close the gap. In the end, they will spend even less than anticipated!
WNXN sitting at .0198 now from a high of .021 on Saturday... there is still a potential 16% to 0.023 - why do you think is that?
Another question related to finding similar asymmetric bets: is watching DeFi projects proposals a good way to stay on top of things and find opportunities (do you think of checking regularly as a process), or was this pure luck as you were researching NXM?
They haven't used any of the 8,000 ETH to buy WNXM yet. When the buying starts I expect price impact towards 0.023.
There was luck on this occasion but working on scrapers for project twitters, medium, and governance forums.
Can you expand on why WNXM was trading below NXM? I thought "liquidity premium" meant more illiquid assets traded at a discount, not premium
Looks like the proposal was rejected - https://app.nexusmutual.io/governance/view?proposalId=159
Thoughts?
It passed - https://app.nexusmutual.io/governance/view?proposalId=160
8,000 ETH sent to the community fund on November 19 https://etherscan.io/tx/0x3c9c7eca5a564d0326dd36534707f9c5c1c02361b521f8573ec213f86633bd95
We have started buying 14 hours ago, which moved the WNXM price 40%.
https://etherscan.io/address/0x93bc131e07c6a373601490b7cb50ec4237d99df1#tokentxns
Well crap, then I'm the idiot here and had plenty of time to join the trade!