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Potential Hidden Value in DeFi Protocol Amidst Market Cap Discrepancies

I believe the total locked value of the protocol is $78 million, yet its market capitalization is only $46 million. Additionally, there is a self-owned $55 million Velo balance in the voting wallets, which raises concerns about transparency and the true value. This suggests the project may have more potential upward movement, but the inflated or manipulated on-chain assets could pose risks.
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AI Analysis

The current DeFi protocol shows a total value locked (TVL) of $78 million, but its market capitalization is only $46 million. This discrepancy suggests that the project's perceived value may be underv...

AI Recommendation

I recommend conducting thorough due diligence before investing or increasing exposure to this protocol. While the low market cap relative to its TVL indicates potential for gains, the significant hold...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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