Ethena price

Reasons why @MRRydon, co-founder of Aethir, says the DAT strategy and tokenomics structure of @AethirCloud are bullish: 1. High cash raising ratio compared to market capitalization - Aethir's DAT raised $52M in cash - The second highest level after $ENA - 7.8% of circulating market cap - Including spot contributions, it exceeds $344M, which is over 50% of MC - Considering that about 50% of the current $ATH supply is locked in staking, foundation, and compute commitments, the actual ratio is even higher 2. Directly buying tokens from the market - AETHIR DAT $POAI directly purchases $ATH from the market - The Aethir Foundation provides a 20% bonus in $ATH for every market purchase made by $POAI to encourage this 3. Reduction in token circulation - Tokens purchased by Aethir DAT are not sold but accumulated and operated. - Used to generate revenue through staking and securing compute resources for corporate clients 4. Circulation reduction loop - As tokens are bought from the market and circulation decreases, the value of rewards for GPU cloud operators increases - To participate, token staking is required, creating a continuous loop of purchase -> staking -> circulation reduction -> value increase -> new host assignment 5. DAT's revenue is used to buy $ATH back from the market - Using ATH to generate actual revenue and continuously repeat the buyback - Refer to the above points 6. Elimination of selling pressure from investors on $ATH - Investors participating in the DAT PIPE deal used $ATH with remaining vesting periods (the spot contributions mentioned in 1.) - DAT absorbs the selling pressure of investors' vested tokens. 💬 In summary: 1. Our DAT fundraising scale is large, ranking second among alt DATs with a cash raise of $52M 2. The $300M raised with vested tokens also ultimately eliminates selling pressure, which is a good thing 3. Our DAT does not purchase tokens OTC but buys them from the market. 4. We have a real business revenue model, allowing the DAT company to continuously generate revenue and make additional purchases using $ATH. 5. For these reasons, our business model and DAT will create tremendous synergy, with additional updates expected this week.