X @Ignas | DeFi

What happens when mNAV trades <1?We’ve got a glimpse: $BTCS trades at ~0.8 and their answer is…A “stake-to-earn” campaign paying dividends in ETH.Shareholders will get $0.40/share in ETH: about 9.3% yield at today’s $4.3 share price.They call it the Bividend, but crypto natives have seen these 'tokenomics' many times:------------Step 1: $0.05/share ETH Bividend to new buyers.- Snapshot: Sept 26- Incentive: buy in now to pump priceStep 2: $0.35/share Loyalty Payment- Must hold with 'transfer agent' until Jan ...