Kaito's YT has recently skyrocketed, with an annualized interest rate close to 80%! Market participants' expectations stem from the recent flood of airdrops and new listings. Instead of buying spot, they are opting to buy YT to gain this portion of profits... However, from my perspective, this is an early signal of a bustling market. The last time this phenomenon occurred was during the boom of Boop and Virtuals... As a staker, the next steps are: 1. This @KaitoAI airdrop and new listing wave will likely peak after the @FalconStable TGE! 2. Subsequently, the frequency of market airdrops and new listings may gradually decline, leading to a cooling off of enthusiasm, followed by a slow decrease in APY. Therefore, there is a great opportunity to short the Kaito ecosystem's yield. Most people buying YT are doing so to chase the profits from @FalconStable, and coincidentally received Mira's airdrop, which has stimulated this trend... But once the @FalconStable TGE ends,...
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