Let's look at the @ConvexFinance Balance Sheet. 418M $CRV ($.60) - $250.8M 7.45M $FXS ($2.25) - $16.76M 101,692 $FXN ($34.26) - $3.48M (We didn't include $PRISMA as those tokens will be migrated to Resupply.) Total Assets - $271M How does that compare to the Convex Valuation? Convex MC - $206M Convex FDV -$251M The Convex $CRV position is the same size as the entire $CVX FDV. If you look at their circulating market cap they are trading at a 24% discount to their current balance sheet. They are also the largest owners of $RSUP from Resupply. Over five years, 20% of the total $RSUP supply will go to Convex vesting. $RSUP is currently $2.10 per token, which would value the Convex position at $62M. Convex was significantly undervalued before @ResupplyFi went live. Adding Resupply to their arsenal of assets makes $CVX look like an absolute steal. In addition to getting 20% of the $RSUP supply to the Convex Treasury, 50% of the resupply emissions will go directly to bribes. At current prices, the year one $RSUP emissions alone will produce $12.6M in bribe income for $vlCVX. If you want to bet on Stablecoin growth, @ConvexFinance gives you exposure to Frax, Curve, and Resupply. It is hard to beat value like this in an exploding sector. GL!