🇺🇸 White House Crypto Summit recap:
• President Trump says US considers buying "sizable" amounts of Bitcoin & other crypto.
• Trump calls on Congress to pass Crypto Clarity Act.
• Trump says US is ensuring it remains the "undisputed leader" in $BTC & crypto.
• Hyperliquid $HYPE pumps 15% to $69 after Trump says CFTC is working to bring it to US.
• SEC Chair Paul Atkins says "we will ensure that the greatest advances of the technological frontier are realized right here in America."
• Gemini co-founders say "America should lead in crypto and win in market."
• Trump says he "ended the war on crypto once and for all."
@WatcherGuru
So, guys, here's the deal:
In a move to try and secure the future of Samurai and help us stay afloat during the bear market (we haven't had any revenue since January 2025), I borrowed against the AERO position on 40 Acres in order to keep farming and support our operations.
The strategy was simple - maintain $5k usd volume per week on $SAM in order to continue to incentivize and vote through 40 Acres. Of the farming rewards, 20% would go to buying back $SAM from the market and 80% would go to supporting operations. For a few months, the strategy worked like a charm. The 20% rebuys easily covered all incentives and gave $SAM a boost to the tune of a 3x pump between January and April and we became one of the top farming tokens on Aerodrome. It was a beautiful thing! Our weekly volume soared, but so did the cost of our liquidity incentives... and it all came crashing down when the "APR Chasers" left our pool and sold off.
On top of that, farming on Aerodrome has become tougher and tougher and with the market being so brutal, the value of the farming investment made with the 40 Acres loan also crashed hard. The farming rewards dried up and therefore the $SAM buybacks dried up as well. Without the buybacks, we no longer have enough $SAM supply to incentivize the pool and without incentives, we can't vote for the WETH/SAM pool on 40 Acres.
The AERO locked on 40 Acres will unlock once the debt is paid off.
SO WHERE DOES THAT LEAVE US TODAY?
I am literally the ONLY one buying SAM on the market and it's been that way for quite some time and I will continue to rebuy $SAM from the market to the best of my ability. I rebought 86k $SAM yesterday and 115k $SAM the day before, but the farms are again out of range and not producing any rewards to fund the buybacks.
Without 5k weekly volume and the max incentive amount that level of volume provides, there's no way to vote for WETH/SAM with the AERO locked on 40 Acres.
THE PLAN
1. I will put the AERO on 40 Acres on "Aut
Hello friend; I bought and locked up SAM tokens about two years ago, and I haven't sold a single one yet. I gather you’ve devised a plan to weather the bear market, and I commend you for your efforts.
Let’s consider the options: if we make it through the bear market and new investors start showing interest in the crypto sector, how do we—as the SAM team—intend to persuade these new investors to buy SAM tokens?
I am using a translator; please try to understand if it translates incorrectly.
H
I, too, really want the SAM token to return to its former glory days.