Replies: 3 comments 2 replies
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+1 aurora isnt listed on many (any??) cexes so no easy way to lev trade it |
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I agree, big opportunity here. |
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In light of Celer making FTM and AVAX available, I'd potentially argue to prioritise those 2 over AURORA, despite thinking AURORA addition is a wise idea. Those two would just be priority alongside LUNA for me in terms of likeliness of improving protocol usage. |
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I agree with this. I typed this up right before i saw that haha |
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I support this, although I don't think it has such a high prio. Aurora is not that known yet in comparison to other L1 tokens. |
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Token: $AURORA
Market cap: $265mm ($26.5b)
Annual Projected Volatility: HIGH relative beta to BTC. Prev 1yr return: ~3x
Staking Ratios: Couldnt find accurate data. Staking is available.
Systemic Risks: Too much exposure to AURORA? (both as collateral and underlying network in this case)
Smart Contract Risk: Unknown (need community input)
Ecosystem Utilization: Token is native AURORA token.
Trading Volume & MC Ratio: Avg trade volume prev 60 days = $1,824,914.63 >> MC Ratio prev 60 day avg = Not enough data
Oracle data feed sources: FLUX
General price action: Volatile/UP -- Token is relatively new and certainly has a strong narrative around it. Likely to continue up in the short-mid term
Thesis: AURORA is our current L2(?). The token is in its early days however, it has an AAA team behind it and a strong narrative. I think it is important to offer trading for this token, as it is likely to get a lot of volume in the near future and I don't know of any other platforms (not even CEX) offering the ability to leverage trade AURORA. I believe this is an opportunity to capitalize on a strong narrative while taking relatively low risk. Given we are on AURORA, I find it highly likely their will be a bullish bias amongst traders utilizing NECC to trade AURORA. This allows us to benefit from both the upside and downside price action of AURORA (if price goes down, good chance trades will be long giving us opportunity to receive liq fees). Low chance this one ends up dead collateral IMO. My only major concern is around the FDV of the token already. That FDV is absurdly high relative to current MC. Not sure if they have plans to burn tokens. Welcoming input here.
Sauces:
CMC
Couldnt find that much reliable data out there on the token.
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