bigdevguy 🪖

TLDR - $1,000 in $MARINE bought at launch beat $1,000 in $LINK by 2-3x, thanks to the LINK rewards - Bought from Sep 16 on: about even, or LINK won - Staking LINK, or staking your MARINE's LINK rewards: +$3-4. Barely matters - The reward rate has dropped from ~1,677% a year in week 1 to ~46% now -- I wanted to see what holding $MARINE and earning LINK rewards has actually done since launch (Sep 13, 49 days ago), compared with just buying LINK and staking it. The setup: $1,000 each way. $500 on launch day, then $500 DCA'd in 6 buys. Where it stands on Oct 31: - MARINE, rewards compounded back into MARINE: $2,733 (+173%) - MARINE, rewards staked: $2,177 (+118%) - MARINE, rewards held: $2,174 (+117%) - MARINE price alone, ignoring rewards: $1,517 (+52%) - LINK staked: $975 (-2.5%) - LINK just held: $971 (-2.9%) The rewards did the heavy lifting. $MARINE has paid holders 8,924 LINK (~$107K) across 74,617 payouts. On their own they more than doubled the gain from the price. But when you started matters more than anything: - First buy Sep 13: compounded $2,733 / rewards held $2,174 / LINK staked $975 - Sep 14: $1,536 / $1,493 / $981 - Sep 16, near the first top: $1,032 / $1,026 / $1,004 - Sep 29, the second top: $786 / $789 / $874. LINK won Compounding only pays when MARINE goes up after you buy. From the Sep 29 start it came out slightly behind just holding the LINK. Staking barely moves the numbers. At ~4% a year, $1,000 of LINK earned about $4 in 49 days, and staking your MARINE rewards instead of holding them added $3. Liquid (stLINK) and non-liquid staking land within $1 of each other. Solana LINK has to be bridged to Ethereum to stake, the Chainlink community pool is full right now, and leaving it takes 28 days. Gas likely costs more than you'd earn at this size. The rewards are shrinking as a share of what you hold: ~1,677% a year in week 1, ~349% in weeks 2-3, ~111% in weeks 4-5, ~46% in weeks 6-7. Even 46% is still ~10x what staking LINK pays, as long as the price holds. How it was worked out: every $MARINE payout read from stonkfun (they add up to its total exactly), each round split per token over ~885M eligible MARINE (checked against real wallets), 3% tax on every MARINE buy including compounding (not on selling), Jupiter daily closing prices, staking at 4.32% non-liquid and ~4% liquid. A simulation of the past, not advice.

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The Battle of StonkFun ethereum:0x514910771af9ca656af840dff83e8264ecf986ca solana:F8Sc8HoZvJcMrTY6vBsetTqGPv6XQmM2XgVAZo1sSTNK