Overfunding phenomenon reappears. A project planning to raise $2.5M ultimately received commitments of over $7M, and this level of enthusiasm is extraordinary.
The project's idea is indeed straightforward: bundle assets that are difficult to price and have low liquidity into an index, then launch derivative trading around these indices. From collectibles to physical assets, and then to stocks and prediction markets, the application scenarios are quite broad.
This model's attractiveness in the current market environment is obvious—standardizing trading of fragmented, low-liquidity assets through indexing and derivatives, the potential market space is indeed worth paying attention to. The overfunding achievement also to some extent reflects the market's desire for such innovative trading mechanisms.
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DecentralizeMe
· 22h ago
It's starting to oversubscribe again, this time directly 3x, and the gamblers are getting excited again.
Wait, does this logic hold? Can an asset that is hard to price be priced through indexing?
Honestly, what moved me is that the application scenarios are broad enough, not just hype around concepts.
Oversubscription has been a common thing for a long time; the key still depends on how the trading volume will look afterward.
Can things with poor liquidity be packaged into derivatives to become liquid? I find this logic a bit hard to understand.
Is the market this hungry? It feels like everyone is betting on the next hot trend.
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ParanoiaKing
· 22h ago
A 7x premium, huh? The logic behind making money is to make even crappy assets hypeable.
Overfunding phenomenon reappears. A project planning to raise $2.5M ultimately received commitments of over $7M, and this level of enthusiasm is extraordinary.
The project's idea is indeed straightforward: bundle assets that are difficult to price and have low liquidity into an index, then launch derivative trading around these indices. From collectibles to physical assets, and then to stocks and prediction markets, the application scenarios are quite broad.
This model's attractiveness in the current market environment is obvious—standardizing trading of fragmented, low-liquidity assets through indexing and derivatives, the potential market space is indeed worth paying attention to. The overfunding achievement also to some extent reflects the market's desire for such innovative trading mechanisms.