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TagsWhat are the key metrics to consider when using DeFi gauges for the STI token?
LazyWalrusDec 26, 2021 · 3 years ago1 answersWhen using DeFi gauges for the STI token, what are the important metrics that should be taken into consideration? How can these metrics help in evaluating the performance and potential of the STI token?
1 answers
- When evaluating the performance of the STI token using DeFi gauges, it's crucial to consider metrics such as TVL, yield farming rewards, and community sentiment. TVL represents the total value of assets locked in the STI token's DeFi protocol, indicating its popularity and adoption. Yield farming rewards reflect the incentives provided to users for participating in the STI token ecosystem, which can attract liquidity and drive token demand. Community sentiment measures the overall perception, trust, and engagement of the STI token's community, which can influence its long-term success. By analyzing these metrics, investors can gain insights into the token's ecosystem health, potential risks, and growth prospects.Dec 26, 2021 · 3 years ago
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