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WSTA

Wrapped Statera

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Incorrect, it was one of the OG burn projects. It suffered from the at the time unknown Balancer exploit of "fee on transfer tokens" and had a lot of funds drained - THEY made their affected holders good on losses so lost a chunk of treasury there but did the right thing, i.e. a reverse rug, they made people whole after experiencing an exploit hack. Then they had. a longgggg drawn out "this looks dead" period because of expensive eth gas fees - they NEED cheap gas so that $1 arb transactions and huge volume can happen to burn their token - with a $60 gas fee to make a trade it cost $60 arb gap minimum and arb slowed to a crawl. NOW they are on Fantom, and have some HUGE tvl pools on Beethoven, and they are BRIBING to receive votes of BEETS holders to receive share of emission - they just offered up to $500k in bribes to receive votes.. its going to explode.. they did this last week and received 12% of the vote and jumped from $750k tvl to $2.2m+ tvl - expect next week for them to jump past $4m tvl - and all that WSTA trading to create an arb gap between STA<>WSTA and then when its arbed back 1-1 to BURN more Sta. Next week the whole world is going to wake up and wonder wtf is going. onwith Statera lol