16 Apr 2024

STFX – DeFi Utility vs. Hype

STFX is going from strength to strength, but will the token catch up with booming platform metrics?
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  • STFX has gone from strength to strength amidst what has been (up until last weekend) an aggressively up-trending market.
  • A new tokenomics model aims to better align incentives in the protocol’s ecosystem through a flat fee on all trades, greater rewards for stakers, and buy + burns that will turn the token deflationary over time.
  • We are not early in this cycle. While STFX has built a protocol with great product-market fit, the native token’s relative performance in a SocialFi run is another question.
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