0xdengdeng.eth.vibe

noticed that all $ela bullposts are a bit difficult to understand or just blind bullish "coolest experiment" without explanation bla bla, so i'll try to break it down to start with, any time you trade shitters, you are in a shitcoin/asset pool the asset is usually eth, sol, another shitter or a tokenized stock these days trading is basically swapping asset for shitcoin and back. people buy - price goes up, people stop - price stagnates every launchpad you see competes on finding a cooler asset pairing - stables, tokenized stocks, leverage etc. but in the end it's still shitcoin/passive asset and imo there are only two launchpads doing something truly new, which are $szr @SazareProtocol and $ela we are talking about so, the actual reason ela can be called the coolest experiment is because it pairs launches with a yield generating position, instead of an idle one the asset in ela is a loop - eth buys staked eth - that staked eth goes on aave as collateral - more eth is borrowed against it - more staked eth is bought via borrowed eth - repeat the result is 2x exposure to the staking yield sitting on the other side of the pair now instead of just eth, you have eth +2x yield as your paired asset so this asset side is growing on its own, which ofc means the shitcoin grows by itself even when there is no buy pressure and also, 0.2% of every trade, buy or sell, adds to that same position and grows it permanently, so even dumps help in a way. a full round trip leaves the price higher than where it started plus you can check the @RiskFDN account and see that on top of that there are $ela buybacks from trading fees the second part no one covers, is who's building ela, which is probably even more important you can find risk foundation account, see some cool followings, but if you dig just a bit deeper you'll find out that @0xWasa is one of the devs and when i saw his followers i was like wtf i know that for most trenchers guys with .hl doesn't mean much since they call loracle the dude who short pons, but imagine your dev is followed by 10 ansems and solana foundation @Hypurr @hypurr_co and more hl whales like mlm, henrik, obesepotato etc but what is even better is that his other project @Vegas_HL is followed by same accs do with that info whatever you want but i probably won't fade a dev who's trusted by 8fig hl whales so yeah tldr is we have a dev with reputation and an actual working new tech. isn't it what every smart trader is looking at rn? i'm pretty sure the reasons this is so undervalued are very stupid. no proper indexation on dexscreener or fomo and probably it being on eth mainnet