OVERLAY REAL ALPHA, DATADERIVATIVES

> What is the big deal?

⋄ Trade real world metrics on-chain without a counterparty

⋄ Dynamic mint/burn in $OVL. Wins, mint, losses burn. In case of traders net-loss, the supply declines

⋄ Backed by Polychain, 1kx, ParaFi. Oxford and MIT founders

⋄ On Aspecta there was pre-TGE real demand

(approximately 1.2M volume, price discovered between approximately $0.80 and more than $4.5)

TGE on Binance Alpha in a day with mainnet activation

> Usecase

In case you are ahead of the data streams, you may now articulate it. In the case of ETH burn rate, Twitch booms, CS2 skin trends, weather spikes, even content trends.

Construct a watchlist of 3 to 5 signals that you know about, not 30 that you do not.

> Two ways to profit

Trader path: choose a metric in which you can predict regime changes. Buy when your signal reverses, sell when your signal decays. The size will remain small until slippage and fill quality are improved.

Token path: demand can be pulled by adoption and float can be reduced by burns. Monitor the daily mint vs burn, the markets listed, individual traders, and costs. Only add on red days when burn and use are on an upward trend.

> Game plan launch

Pre TGE: watch aspecta price / implied FDV so you don t pay the peak at open.

Day 1: monitor depth, spreads and initial exchange balances in $OVL. Green lights are robust spot volume, steady spreads and no significant team or VC outflows

Week 1: seek additional markets that are coming online and increasing unique traders. When use and burns go up in tandem, conviction goes up

> Useful Links

⋄ @OverlayProtocol

⋄ overlay.market

On which data stream would you trade first?