Euclid ECL bull case at a $2M IDO valuation
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Argues Euclid, an omnichain restaking protocol with $4.4M TVL, is mispriced at a $2M IDO valuation against ether.fi's >$5B FDV, citing Bedrock's TVL growing from $8M to $140M in two months. The post doubles as a $100 allocation giveaway.
Key claims
Euclid TVL is $4.4M
Bedrock TVL grew from $8M to $140M in two months
Breaching $100M valuation would be 50x for IDO participants
Restaking protocols will print millionaires in @eigencloud season. Positioning yourself early can be your ticket to generational wealth.
In just 3 days, the @Euclidfi TGE is happening and you can get a 100$ allocation of $ECL for free at $2M valuation (50x incoming?).
Keep reading 👇
💎 What is Euclid Finance?
@EuclidFi is an emerging omnichain restaking protocol built on @eigencloud that inspired by @Rocket_Pool and developed by the team behind @Equilibriafi. It is specifically focused on L2s and innovative DeFi use cases. Have been hearing rumours about some big partnership and product announcements coming up soon.
🎯 What is the bull case?
While @Euclidfi with a TVL of $4.4M is currently far behind the top restaking protocols, it is definitely within striking range of the mid-tier protocols in the market. As more use cases for $elETH materialize and high-profile partnerships are announced, the TVL will likely surge quickly. Bedrock (another upcoming restaking protocol) for example, saw its TVL rise from $8m to $140M in only 2 months since February.
@Euclidfi is very community-focused and is not only airdropping part of its supply to the early adopters, but also gave E-Point holders an IDO allocation at $2M valuation. This will help to build a strong and dedicated core community with a decentralized token holder structure from the get-go.
A lot of potential here and low risk at this valuation. Team has proven track record and has successfully launched DeFi products in the past. When the innovative elETH use cases are revealed and TVL starts to grow, $ECL will likely be set for a moon mission.
Where the valuations of restaking protocols can go was impressively evidenced by @ether_fi, which reached a >$5B FDV right out of the gates.
Clearly a dfferent league, but the $30-300M TVL range is not outlandish (where the mid-tier peers currently sit). I expect these protocols to be valued at easily 9-figs in the bull. Should @Euclidfi manage to get there and breach $100M, this would equal 50x for IDO participants.
Will you be one of them anon?
Let's find out! 👇
🪂 How can you get $100 in free allocation?
As an early adopter and E-Points holder, I was lucky enough to get into the IDO in the whitelist round.
I want to share this opportunity with my community and that's why I'm hosting a giveaway!
🚨 How to qualify?
✦ Like & RT this (or quoted) post
✦ Comment wallet address (here or quoted post)
✦ Follow @zerokn0wledge_ on X and turn on 🔔
✦ Follow @EuclidFi on X and turn on 🔔
✦ Join zkAlpha on Telegram and drop your Twitter handle under the pinned post "Twitter Giveaway"
🔗 Find the link to join zkAlpha in my bio or in the post below!
LFG! 🚀✨
QUOTING @zerokn0wledge_
🪂 Giveaway: 100$ in allocation for $ECL 🪂 It's @eigencloud season and the @Euclidfi IDO at $2M valuation was sold out in the blink of an eye with TGE in 5 days. 🤯 This is your chance to get in early on an emerging restaking protocol and make HUGE multiples! 👀 Instructions 👇 🚀
🪂 Giveaway: 100$ in allocation for $ECL 🪂 It's @eigencloud season and the @Euclidfi IDO at $2M valuation was sold out in the blink of an eye with TGE in 5 days. 🤯 This is your chance to get in early on an emerging restaking protocol and make HUGE multiples! 👀 Instructions 👇 🚀
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