Why MadStar Finance (SVN Fork) will usher in a new era for MMF!

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#MMF looks to launch a new and improved SVN fork on Polygon called MadStar Finance! This will be voted on by the community. How will you vote? 🧵Here’s everything we need to know and my thoughts on how this affects MMF:

TLDR: BULLISH! I see what MMF is going after. They look to pursue the original plan for the ecosystem on Polygon, without getting distracted with an additional tomb fork and battling rugs. Then they will redirect value back to OG token holders. They learned a lot from Cronos.

Originally, this was the plan. There was going to be so much utility for MMF they would need veMMF. There’s a full break down I did on this below: twitter.com/chilldefi_/status/1539453698920919041?s=21&t=F7Loe85tCT3u3R7LM133hA

Should the veMMF model be successful, MMF will perform a “MasterChef migration” on Cronos. At the same time, we will implement our 2nd emissions reduction on the MMF token. So the success on Polygon will mean a change for better on Cronos too. Bullish.

By the end of the 10th Launchpad there may not be a lot of MMF Poly to go around. So this could be why they are talking about veMMF (Poly) to create a supply shock and shows the need for a pegged token. This is good for the ecosystem!

MadStar Finance is a new and improved SVN fork on Polygon. $MSF is pegged to MMF (Poly) and $SOLAR is the share token. Thankfully, they have confirmed there will not be another tomb fork after this one. This is good news!

They plan on using Protocol Owned Liquidity from the DEX trading fees to grow TVL slowly. The METF DAO will accumulate MSF-METF when it’s bridged over, similar to how it collect SVN pairs on Cronos.

METF holders get to experience the upside of $MSF, while also enjoying the trading fee buybacks (that helps to peg $MSF) that gets distributed through the governance staking function.

So the trading fees from the DEX will not only be used for METF buy backs but also helping to maintain peg. This is interesting because it lines up with the “Real Yield” narrative in the broader DeFi scene.

Essentially, it moves away from the “ponzinomics” of tombs with token emissions and inflation to actual revenue/value from a product being funneled to token holders. THIS IS INNOVATION!

I assume if this is successful on Polygon we could potentially see a similar model being adopted on Cronos. THIS IS HUGE! veMMF will induce a supply shock for MMF (Poly). Real Yield on the new SVN fork MadStar Finance ($MSF) will usher in a new wave of users/capital.

MSHARE and MTT will also benefit from this launch. They will both be bridged to Polygon. You can use both to farm $MSF in the genesis farm and farm $SOLAR the share token (a part of the emissions will be allocated for MTT/MSHARE holders).

Keep in mind, we haven’t seen utility for HKN just yet. MTT will be going cross chain and additional demand will come with the HKN utility. Wow…a very bullish set up in my humble opinion.

I hope you are starting to see where this is all going. This new SVN fork is the stepping stone to “complete” both ecosystems on Cronos & Polygon. This will help to unify both chains. Our ENTIRE ecosystem will be full of USEABLE DEFI PRODUCTS investors can leverage.

Bringing MMF together as one gigantic ecosystem that can thrive. Providing a wide range of APRs for the safer investors (10-100%) and degens like me (100-100k%). We will have a place for everyone to play and enjoy APRs. Lets tally all this up:

MadStar will add utility for MTT and MSHARE, the team mentioned they are well equipped to defend the HKN and SVN peg, HKN utility will soon come (in addition to tracking SVN price up as it is burned in MMA), METF will be…

…paired with $MSF to help it maintain peg and buybacks will help both tokens, MMF (Poly) has utility and burns to offset emissions, a “MasterChef” migration will take place on Cronos to implement all these changes if they are success on Polygon, and…

…finally our veMMF mode will soon drop (hopefully we see a supply shock to pump price as well). I think this will be a stepping stone to new heights and a catalyst for a major move. I love the #Madness!

I hate to be a moon boy. But based on evidence, logical reasoning, a track record, sound tokenomics, innovation, and REAL yield… IM BULLISH!😤 The rest of this year looks very bright for all of us. Whether you are a Cronos or Polygon native investor. We ALL rise together!

You can read the unrolled version of this thread here: typefully.com/ChillDeFi_/zrVJeqx