Sonic price

Silo just passed a major proposal on @SonicLabs. For the next 3 months, 50% of protocol revenue will be distributed directly as USDC to xSILO holders. Previously, @SiloFinance revenue was used to buy back $SILO. That SILO went into the staking contract, pushing the xSILO:SILO ratio higher. Now the model changes. xSILO holders will be able to claim stables directly, without waiting for the ratio to grow. This 3-month pilot begins in September, and if the community likes it, it could become the new standard.

Agree with the Kruegs. Solana benefits the most from Stablepalooza. $S Sonic COULD benefit as well, we'll see. Tron also crushing, but probably limited growth potential. ETH does NOT crush -- fees too expensive, too slow. Market figures this out eventually.

Honestly, I saw founders tagging testnet users as farmers. From there POV, I can understand that they feel pained when they have to be the only person to push token price after distributing it to a wide audience. But realistically speaking, are testnet users the problem? I can say YES and NO! Yes because they pretend to love what founders are building without telling them the truth (mehn you're building trash) And that's on period! While growing up, I learnt it first hadn't what it means to bot build castles in the air... Sorry to say, that's what we have right now in crypto and these apps are wondering why we don't have traction. Excuse me, you're building an L1 when I have ETH, SOL, BSC... What do you intend to offer me? 10% APY? Please, dear founders can we be realistic? $100 portfolio cannot get anything from that even on a long run. Now, everyone is pushing for ICOs. I can assure you that in the next 5 months, that will be the worst scam of 2017 repeating itself. I know these ICOs gives projects runways to manage the project but I can only see this in the future turning to their revenue. In essence, projects raise $$$, give participants tokens and use dollars to e rich themselves. If you think that this won't happen, dig into all projects that raised since 2022 from VCs and check the ones still standing now. So, respectively speaking, can founders stop pointing hands and start thinking about products that users will actually love. Nobody incentivizes me to use my bank, nor use chatGPT, I found these useful by myself and I'm even willing to pay a premium to use then. Can 80% of these founders vouch that their product is commanding that attention? I can understand that building takes time and resources. However that house these users wastes time to utilize that product you have built. Besides, I also find it funny that 80% of founders making these assertions used airdrop as the first means of attracting their audience. So why antagonize it now? As a person, I once took $800 from a project and decided not to sell, now it's at $164. Or will I talk about $S that I bought worth $2K, staked for more than 6 months only to recieve $30 in airdrop. If you are to be in my shoes, what's the trust you will have on projects then? Sorry if I use the wrong words, I'm just airing my view.