Passive Income ($PSI): a mid-term perspective
DISCLAIMER: This is neither financial advice nor advice of any other kind. None of this information is reliable or true. You may lose all your money in crypto.
Thesis:
PSI (Passive income) is a platform for easy passive income generation via txn fees on protocol transactions. After an initial hype, the token price decreased significantly from > 1000 USD and found a base just recently around 300–400 USD. Whilst many products are supposedly in the pipeline in all regions of DeFi (Lending, borrowing, IDO platform, NFTs, tokenized assets, etc.), not many have been rolled out thus far. However, PSI recently teamed up with OMNI Group Property Invest (luxury property manager, established 2011, financial details not available, currently ~50 villas for 3–5 m EUR on avg. listed on the website, typical commission would be 10–20%, selling 10–20 villas a year would generate revenues of 3–20 m EUR), a Spain-based luxury property investment company (omni-psi.com), https://www.omniestategroup.com) to establish tokenized assets for their properties. The concept in a nutshell is to allow for investments into luxury (i. e., high-yield and ROI) properties for people with small capital via tokens.
In the current state, the overall company performance and product portfolio is not strong enough for us to look into a long-term investment, as it is unclear whether deliverables (e.g. new products) will be shipped according to the roadmap. If some products are shipped soon, this thesis might change, as the general idea and fundamentals of the company are strong. A short-term investment to ride the wave of a potential hype around tokenized assets plus an upcoming tier 1 exchange listing could be sensible. An update at a later time when potential products have been shipped will follow.
Key facts about PSI and their products:
• PSI is a platform focused on generating passive income for holders via different mechanisms
• Yield is generated by the protocol in three ways: Holding (1% tx fees on all transactions go to holders), tokenized assets (0.75% tx fee to holders, 0.75% tx fee for liquidity/buyback) and financial services (0.75% fee on lending, borrowing, etc. within the protocol)
• Most of the products are still in development (e.g. borrowing/lending), apart from tokenized assets no innovative products
• No clear focus on a specific topic or product
• Young team (9 people), fully doxxed
• Company about 1yr old
PSI products:
Dashboard
DEX (BSC liquidity aggregator, comparable to 1inch)
Yield Farming:
Technicals
Token: $PSI
Contract: 0xd4cb461eace80708078450e465881599d2235f1a (also available on BSC under different contract)
Market cap: ~2m USD (FDV 20m USD)
Holders: 530
ATH: 1040 USD
Price at writing: 403 USD
Trading vol (24h): ~80,000 USD over all chains
Upcoming emissions: via yield farming, regularly
Staking/Farming available: Yield farming w/ Pancakeswap LP tokens on PSI DEX
Liquidity: 1 ETH moves price 1.3%; 10 ETH moves price 11,3%
Audited: n/a
“Ride the wave” trading plan:
Entry 380–420
1st Exit 640-660 (33%)
2nd/3rd Exit ~1600/~2400 (33% each; 0.618/1.618 fib extention; ~8m mcap / 12m mcap)
Critical breakthrough level for uptrend initation (technical): 450ish
Invalidation: Close 12h below 250ish
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