Re (RE)

There is a miracle at %400, I also closed the #RE short position at %400, may it be prosperous. https://t.co/NbY2vzaMbY

GM guys! Let's try screening some assets that are potential for trading. Stay tuned!

Not financial advice

1. RE
RE just reclaimed from level $0.4359 and may be forming a higher low. Potential rise to $0.7837 with confirmation if it can break the 21 EMA

2. UNI
UNI is approaching resistance around $4.15
Don't be reckless and buy at the peak.

If you're confident bullish, wait for confirmation that the resistance has been broken

3. FORM
FORM is interesting

It broke out from its 21 EMA after a sweep from level $0.1894
If smooth, it can rise to $0.26

Analysis becomes invalid if FORM drops below $0.1768

In the Telegram channel, there are more outlooks
Feel free to drop by

There have been fewer points programs lately with live tokens like RE, where you can attempt to gauge the future value of your points.

+ The FDV of RE is ~$450M
+ S2 is worth 3.5% of RE supply
+ That’s $15.75M at current price of RE
+ S2 will run an estimated 6 months
+ S2 has run 57 days since June 1st
+ S2 has awarded 238.9B points so far

If you check https://t.co/XFXnVhxCdF, Re lists daily points awarded, so you can begin to estimate what % of the Strategy you are in, and what % that Strategy might pay out over the remaining 4 months, with 2 months locked in.

So let’s assume 2.33% of RE supply up for grabs with the remaining 4 months, and $10.5M worth of RE up for grabs for points farmers.

Reminder, just the base real yields:
1️⃣ reUSD earns 6.2% APY (senior)
2️⃣ reUSDe earns 12.2% APY (mezz)

There’s many different strategies (lend, borrow, LP, Pendle) to consider but one that sticks out to me if you deposit reUSDe in Beefy (underlying is a Pendle LP), you are earning about 18% APY, and then earning 40X points in Re S2.

I could be overlooking something here but the ability to earn that high of yield via Pendle, auto-compound in Beefy, and then be rewarded via S2, that looks really interesting to me.

Note: @re is a sponsor of The Edge Podcast. NFA, DYOR, lmk if you see anything differently here.