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The upcoming launch of staking contracts for $PRIME to earn $PROMPT has sparked discussions on the potential impact on the supply and liquidity of $PRIME. Users anticipate a surge in interest and possible FOMO once staking goes live, leading to a significant portion of $PRIME being locked up. Estimates suggest that $PRIME holders could farm around $1.2B worth of $PROMPT coins exclusively. The staking process is expected to transform $PRIME into a yield-bearing token with variable yields based on market expectations of $PROMPT.
Once $PRIME for $PROMPT staking begins, $PRIME will *technically* be a yield bearing token assuming a reasonable holding period (>1 day) What’s more fun is the yield you’ll earn will be so immensely variable over time based on market expectations of $PROMPT at TGE
If $PROMPT (a utility token for a new AI Tooling Protocol) were to open at an equivalent valuation of $PRIME Thats ~$1.2B worth of $PROMPT coins to be farmed by $PRIME holders exclusively wow https://t.co/xtrIprcyGd
I’ll be staking the majority of my $PRIME to earn $PROMPT. https://t.co/ReSaw268oN