Conversation

Sep 17, 2020

FD valuation and market cap for UNI is absurdly low right now, especially when you start comparing to Balancer/SUSHI, but don’t underestimate the short term sell pressure of all the people that were airdropped life changing amounts of money. Unvested airdrops tend to be sold.

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Hm I had a different instinct on that -- what do you think the correct UNI/SUSHI FDV ratio is?

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and

I think it’s too early to look at comparative metrics. The way investors should view it is whether the volume is sustainable. It makes sense that Uniswap has a stronger brand, longer history and therefore likely more sustainable volume. Sushi still has to prove itself

SBF

@SBF_FTX

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@lawmaster

totally agree -- but how much more? Like what ratio?

9:49 AM · Sep 17, 2020Twitter Web App

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I don’t know. I think the market is pricing the chance of Sushi succeeding very low after the UNI drop. So there will surely be some opportunities that don’t think it’s over yet

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and

well is uniswap on serum? otherwise why are we still talking about it

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Is my estimation correct?: 50,562,331 $UNI already claimed from 74,866 Adresses. Out of an initial total 150,000,000 = 30%.

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With uni tokens and V3 rolling out soon, it's hard to even see the long term viability or usecase for Sushi/Sashimi/Sake/Bakery and whatever other clones that popped up recently Not to mention the scandals

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I would like to hear how you estimate its reasonable price as they have different emission rate.