The power of the variants system w/
@tokens API.
When SpaceX launched, there were 3 variants onchain.
The battle for liquidity was real and really interesting/fun to see live.
The main the bottleneck was tradfi brokers and traditional venues, we couldnt get the inventory for the amount of capital that was being allocated onchain
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$SPCXx (
@xStocksFi )
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$SPCX (
@Backpack )
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$SPCXon (
@OndoFinance )
At the start xStocks variant actually was number one because the liquidity they procured was the highest (expected), however, here we are at the end of the day 1 and the primary variant has shifted from xStocks to Backpack
They also bumped up to a tier 2 variant from 3, more liquidity
curious to see who is the first to hit tier 1 threshold of 10m