DeFi state. That's why we have to be extra careful who we invest in/back up with our money.

Overnight (OVN)
Overnight OVN Price History USD
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Даже незадействованная криптовалюта может приносить пассивный доход! Пользуйтесь сбережениями, услугами стейкинга и другими преимуществами.Overnight Инсайт из X
Few realize there's a $15M @AerodromeFi fuelled heist going on in the form of @overnight_fi ... if you farmed aero in the early days I'm sure you've seen them.
- They raised $850k in pre seed from some good funds
- The product was basically a PoL aero farm. They put up liquidity and bribed their pool, extracted more than their bribes, repeat.
- They were early to this and it worked well, earning them millions and filling up a fat treasury to $15M including their veNFT
- To entice buyers they always said OVN was backed and the treasury would buyback whenever it fell below treasury value... and it should be valued for its PoL and the business itself
- That day came as OVN sold off... but the founders promises didn't come to fruition. OVN has traded down only for a long time.
- In response, the holders put up a vote to distribute the treasury assets back to them
- 1 day later... he's attempting to take the entire treasury for himself and disguising it as a 'token migration'. Every holder will be diluted
Honestly... OVN looks really clean over the last three weeks. I'm going to run some backtests. That's a lot easier profit from algorithmically. Against Yesterday's NYAM (Right) https://t.co/kd0Szldgth
Nothing was more fun than feeding ML OVN volume distribution metrics. Really helps predict high probability scalping days.