So, the rebase token experiment is doing well. It is clearly alive, and even though it is in a giant minus, it is still alive, and it is telling us quite a lot about the status of the different rebase tokens.
Yesterday, we published a new article presenting the results from the last week, and the winner if we only look at the last seven days was FortressDAO. But, the project is still in a giant minus, and due to internal fights, the entire project is a chaos and currently it is only about saving as much as possible and getting rid of the tokens. At least that is what it looks like from the outside. I guess time will tell the truth, but the leadership and the people with access to the multi-sig (multi signature), are not in agreement, thus creating further problems. As many have already said, everything is about the internal war, instead of actually working on developing and improving the protocol.
The reason for the big pump the last seven days has been the news that there will be a buy-back, meaning that people can trade their FORT tokens for wMEMO or that they can swap them with FUSD (at some point in the future).
No matter what, it is clearly a mess!
- You can see all the results right here.
The positive about the last seven days was the fact that there hasn't been giant movements downwards. The prices have been quite stable, and most tokens have ended up moving between -10% and +10% in value. That isn't bad compared to what we have seen since the start of the entire experiment in the start of December 2021.
FantOhm is still performing well, so is OlympusDAO, and SpartacusDAO is also looking quite much like a stablecoin. HectorFinance is also quite stable at the moment, and with their recent changes and improvements and the launch of their very own stablecoin, it will be interesting to see where this will all end.