hitesh.eth
hitesh.eth
$MKR
+7.57%
Circle IPO pricing at $6bn+ range is likely to rerate $MKR/SKY, which trades at 25% the FDV despite: Circle/$SKY same net income, $SKY has $250K of buybacks per day vs. Circle at 0 , $SKY has $250K of dividends per day to $SKY stakers (25% APY) vs. Circle at 0, and faster

Vance Spencer

Circle IPO pricing at $6bn+ range is likely to rerate $MKR/SKY, which trades at 25% the FDV despite: Circle/$SKY same net income, $SKY has $250K of buybacks per day vs. Circle at 0 , $SKY has $250K of dividends per day to $SKY stakers (25% APY) vs. Circle at 0, and faster

Vance Spencer
From X

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