HEX T-Share Report | 'Member Staking? | Walled Garden of HEX Mining

Added: 2026-05-25

[00:00:32]All right, a big hangout to everybody out there.

[00:00:36]Woo!

[00:00:38]Got a lot going on. Hex though. Looking looking like normal.

[00:00:43]Looking like normal.

[00:00:47]See that? Let's go over to over to look at our T-share rates. What we're looking at.

[00:00:56]All right, I see you hex king out there talking about the old actuator protocol.

[00:01:05]Yeah, the uh the FOMO on the actuator is uh is pretty strong for those who are who are interested. You know, it's a uh specific kind of thing wanting to get into uh staking even more hex.

[00:01:21]And yeah, the vaulting of the actuator is cool in that it pays you um well every time somebody mints into into one of those. So that's good. Um actuator token itself, just for clarification, because I think this is really a a good thing to mention, um it is a relatively small LP. I think it's running somewhere around uh $20,000 US to $25,000 US, which means that as a reward token is pretty cool. If you're earning small amounts and you're able to swap out for what you want, you're able to do that.

[00:01:57]Um, but it is a high riskreward play keeping the actuator.

[00:02:04]it is a high-risisk reward. And the reason I say that is um long term we don't we don't know just how useful actuator will be. I mean I have high hopes for it. I think it's going to be good good protocol. I think it is a good protocol. It's been it's got some legs under it. It's been around over a year and a half. Um still distributing that token out. Um but whether that token is extremely valuable or just you know something that's kind of like at a stableish type of price remains to be seen. So but it is the only way to earn the HTTS. Um and so that so that that is one of the use cases for I saw a lot of questions come back after the last stream about that.

[00:02:50]So not negative about it at all. I don't want to put anybody off. It's just have to people have to understand when they go into things that that's the case, right?

[00:03:00]All right. Hey, Mike. Good to see you out there. The true believers. That's right. That's right. My little my little vision on this whole thing about hex staking in the walled garden and uh we're in true believer phase. The second five years. Can you even believe that I'm talking about the second five years?

[00:03:23]That's pretty cool. Been here and been on a long time already. All right, just looking at the uh the t-shirt rates.

[00:03:30]We're seeing normal action on the t-shirt rates going upwards and to the right.

[00:03:36]Not unexpected that that would be the case. Let's go take a look. What are we What are we seeing for uh share rate changes on the pulse chain side? Um so, you know, this is this is pretty common. We did see that largeish uh change back earlier in the month. We went up 243 hex in in one transaction um back on the 11th. But day day over day, you know, some of these shorties have been coming in and they're just increasing it. Boom, boom, boom, boom, boom. Up we go. A little bit at a time.

[00:04:10]um and that's because there isn't another stake that's one of these long ones that's come due yet or has ended yet to really push it up. So it's just this is just really common. Um so our our looking at the uh the chart we're looking at 30 days out uh being really close on both chains to be 46k hex per t-share going up and to the right um a little bit over on the Ethereum side probably a little bit under uh and this is more these are more like guesses as to what the share rates will be um but it's you If if these don't change it, some other one will change it. It really is just a verification that the imuno contract just continues to crank the way it's supposed to. We go out 60 days, we're we're a little bit over the 46 level, getting a little bit higher on the Ethereum side. 90 days, uh we start approaching 47 on Ethereum, halfway there on the Pulsechain. we go at 120 20 days, we should be pretty close to 47K on both.

[00:05:24]And so these numbers, you know, the difference between uh, you know, 47,370 versus 46,960 is just a small difference between the different the two different chains. We see more of an impact on on payouts really. Um, but but as far as the cost of t-shirts, that's what we're seeing.

[00:05:43]uh 27 numbers. You know, I could predict that these going to be really close to being the same every every week. Until we see, you know, some sort of a huge shift um in in T-shares in some way, shape or form, these are how these numbers are going to play out. I mean, the numbers will always change a little bit, few digits. uh but you know unless the OA makes another stake or ends a big stake or a number of users do something you're not going to see these shift much right it's I mean that that's how that's one of the ways uh that the OA has stabilized the system uh and and really we would have to I'm guessing either we'd have to see a boatload of people come in and start staking um to really affect this or you you know the uh the OA would have to make some sort of an action, right? Um now, you know, here's the thing. Staking actually, if a whole bunch of people staked, it would actually go down. It wouldn't it wouldn't be as high, right?

[00:06:55]Because now you have less payout and the t-shirt rate doesn't go up as fast. So the other side of it would be if we saw some some sort of capitulation of u of stakes which we haven't seen right. So even even the in these darkest of times we have not seen capitulation in a way that really is is significant at this point.

[00:07:23]You know, by capitulation, I mean a whole bunch of these folks saying, "I'm going to go ahead and end all my t-shares and start emergency end state just it just hasn't happened, you know, which kind of lends, you know, Cindy, it kind it kind of lends itself to this whole concept of uh of being a true believer, right? because you really have whittleled down the number of people who are nuts and are willing to uh I say that lovingly um that are willing to continue to lock up Hex for long periods of time and participate and they they certainly haven't come back in emergency endstake. You know, we talked about this a lot with Johnny Chaos Glenn, good to see you. Um where we were like, well, you know, maybe when we get to the halfway point to the 10ear stakes, you know, we're way past that now.

[00:08:14]um we would see some sort of capitulation event. Prices are low though. I mean, why would you even capitulate and lose all that when there could be massive asymmetrical out, you know, upside? Again, it's crypto, so prices are prices. Can't make promises.

[00:08:31]But I mean, you know, uh even even with mild green candles, you know, not taking the penalty now means you get less penalty later. And if you're getting less penalty later, that means you get more X later, even if you do capitulate, and it would be at a higher price. So perhaps that's what people are thinking. I don't know, but we um but again, we see these numbers approaching 50,000 hex on both chains by the end of uh 26, right? So beginning into January and then uh end of 27 somewhere around the 54,000 level or whatever. It did come down a little bit after again after the OA did those recent stakes in March. I don't know if some of you might remember we were looking at more like 545 earlier, but with the additional T-shares in there, it's come down. Now, the other thing that that I've talked about a little bit is um let me pull this up. We'll go look at our our T-shares on the on the PEX side as an example.

[00:09:46]pull this guy up real quick. It'll take a second to load.

[00:09:51]Um, is that you know all these models that I put together, they're based on the idea that there's going to be some sort of restaking percentage and because we're expecting the restaking that includes the OA, right? And so these numbers could shift when you see big OA stakes not restake. But I don't know what the OA is going to do. I mean, I know what it did. I know what it did, you know, particularly this last time around, right? It staked all this this hex in 2025 and then to 2026 came. It did not end its stake. It just staked everything that it had out fifth quattroeno that was in it wallet. So um it never ended its stake. Will it do that again? I don't know. I don't know what the conditions would be. And so I go with the conservative model. But in the case where these T-shares drop down, you know, quite a bit more than I'm expecting based on the conservative model, then what that means to us is that when we start looking at, you know, the 27, that's what I wanted to go for.

[00:11:00]if we start looking at the 2027 numbers, um, this number could pop back up, you know, and be 55,000, you know, or whatever, right? So, we'll have to just wait and see what it does in somewhere around March, April of 2027, you know, because its t-shares could drop out increasing the payouts and then, you know, this number could shift upwards because it would be more rewards coming out for a period of time. But even then, it'll be, you know, it's again, people will be like, well, what the hell is the difference between 54,250 and 54,500? the numbers are so relatively close. So relatively close, right?

[00:11:44]Um so yeah, we do see a a potential out in May of 27.

[00:11:54]It's a whole year from now, right? Maybe we could see a crossover of the t-shirt rates and then maybe a cross back in uh in June. But again, they're so close, right?

[00:12:07]All right. It's it's like watching paint dry. That's that is for sure because this time these time frames so so long.

[00:12:15]So long. Uh just going out into thou 2037.

[00:12:19]Uh we can still see visually here on the chart like from today's date out into 2030 where we have these huge number of stakes that are coming out uh that that were made um at you know roughly 10 year lengths, right? Um, you can see that the share rate goes up pretty rapidly out there into this point. Um, and it's at a much higher slope, greater slope than afterwards.

[00:12:48]And um, and then things kind of like chill out and they go they go up, but it's it's going to be kind of flattish how it goes up. And again, that's just another reflection of there being less inventory, less, you know, stakes coming out in the future with really high gains. So, you'll see the see them, but you see them spaced out, right? Um, and how they how they'll come out.

[00:13:15]And so, we'll continue to watch that over time. But here here's the thing.

[00:13:19]Contracts working like like it's expected to. It continues to go up and to the right. Uh if we go look at our let's go look back at this one. Look at the full share rate a little bit different view of the same thing. So again you can see we were going up pretty steeply right into 25 which is kind of like the whole point of this discussion and uh and then after the OA stake and cut cut back you have or cut back the uh the amount of payout you still see it going out because it's coasting right it's coasting. still going up at a pretty pretty good rate.

[00:13:56]And so why is that crispy? Well, because for those stakes that are going to push it up between now and 2030, they already got a ton of rewards. They got a ton of rewards, right? And because they got the ton of rewards before and still going to those stakes are going to be the ones that really going to push the D-share rate up.

[00:14:17]uh and then then those kind of disappear when you get around to 2030 and that's why you see the slope change again and so we're in this this period of time you know between 26 and 30 which is about yeah you know this we can just call it about four years I guess well let's go let's look at it 2030 and 30 2029 so right around hereish so end of 29 so what is that three and a half years we got about three and a half years of an accelerated growth in terms of cost per t-share and then it flattens out and so again the difference is going to be that the people are going to be coming in potentially to stake and I'll make the assumption they will in 2030 they're going to be paying 60 64,000 roughly you know something that kind of range versus paying 47 today or 45 today right so is going to be a sharp increase. It's almost a what 30 somebody do the math.

[00:15:21]It's like a 30% increase in the cost for HEX. And that's all against this backdrop of what Ben Ben Sierra is saying is um is a deflationary staking where there's there's more Hex being staked now than is coming out of the stakes and it's creating deflationary effect. And so that you know it could become super bullish but again we're talking we're talking about three more years when you start looking at those those kinds of numbers which can be a little offputting but you know hex was always talked about as being uh longer pay is better long lockups and all the rest and if you're if you're even listening to this it's because you're already are curious or are in the walled garden you're considering participating or for participating in the wall garden. You got to have some strong belief to go out way way way long term like this. All right. Uh looking at a 30-day payouts what's coming up. Um a little bit of bow wave action as normal bow wave just being that we tend to be frontloaded with uh with with hex stakes in in terms of the number of units coming out on pulse chain. And now the reason for that is there are people who do you know religiously uh you know they're doing shorter six 30 days 7 days 10 days um just a few days. So you see this constantly occurring where there's uh more always it always looks like there's a lot coming out right in in the very near future. And uh so it's 420 million on this day on the 30th of of May.

[00:16:59]uh another another 210 million the next day. Uh typically what we're seeing those do is um get restaked.

[00:17:09]Um no guarantees, right? You got 12 months, it just becomes a little bit clearer. We had the big OA stake out here, but if I take the if I just exclude March of next year, just for fun, you can kind of see see how this looks. It's it's a downward slope of payouts as we go into the future.

[00:17:30]Again, supporting um you know, supporting this idea that uh you know, hex is actually becoming more more rare in terms of what's coming out and hitting people's wallets. Um the November spike here, which is 3.85 85 billion. That's um it's a combination I believe of both OA uh users and and the Godwill sticks throughout November. November was a really it became kind of like a like a focused uh time frame because the launch took place in December of Hex, right? So a lot of people when they were doing their staking, they were like, I'm in a front run. So, you know, every every year because I think a lot's going to come out in December, but that didn't didn't actually occur. What ended up happening is a lot comes out in November because of that front running, right, with people saying, "Hey, they're going to get ahead of it." The other the other reason um was apparently Thanksgiving in at least in the US, right, is in November. And so a lot of people wanted to have uh their hex stakes coming out around the uh Thanksgiving day in order to talk about it. That was like a theme at one point as well. So you have some of that some of that happening. Um but yeah, in general you you know month over month you just see the average slowly coming down particularly if you're not looking at the OA. you're not looking at the OA that's in particular. Um, let's take a look at the leaderboards.

[00:19:10]What's happening? Uh, top 10 stakes by estimated payout next seven days.

[00:19:17]So, this isn't an exhaustive list, but we do have we do have 100 million that should be um coming up to its end date tomorrow, another 75 million the day after.

[00:19:30]But again, you you you can see these while any of us might want 100 million hex, these are relatively low low numbers when compared to the billion hex stakes that are out there.

[00:19:42]So I see that. What else we got?

[00:19:48]Talked about the share rate changes.

[00:19:49]Let's look at have this little panel I can throw up here on the ones that are coming out. So, this is this is just a uh these are just the uh the future share rate changes. Uh I didn't do a great job of labeling this one, but just showing what I think the changes will be day over day. Like I see a 47 change probably towards the 27th.

[00:20:15]Um you get we don't start seeing some larger ones until we get out into June.

[00:20:20]And again, it's all boil the frog. You know, some people will look at these numbers and be like, well, you know, listen, 20 20 more hex, 40 more hex.

[00:20:30]What the difference does it make? What the hell the difference make when you talk about 45,000 already? Um, but it's it again, it's just showing how it continues to go up and to the right, up and to the right.

[00:20:45]and whether it was intended to simulate uh you know compound interest or not that it kind of does. Kind of does.

[00:20:53]That's what it looks like.

[00:20:55]Let's see what we've been seeing for T-shares out here in 2041. Um so July ended up in 2041 is a composite of um April and May stakes in 2026 that went out quattro. Uh, so we did hit hit almost 3,000 t-shirts. Um, this for August of uh 2041, we're just at 380 T-shares. Just to give you a comparison, you know, of of how many T-shares are being sent out into the future like that has very very low numbers. Um it's kind of apples to oranges compared to some of the things that are happening because we have a lot more staking going on where people are actually doing shorter term stakes as well. Uh so more stakes than 380 a day are being created but uh just kind of gives you an idea what's being sent out into the way way future. So it doesn't take much to be a rather large player in the future. um don't know if don't know if that position would survive that long in that other people will stake eventually but um as far as giving give us an idea of how much is being created out there it looks like the range is something like you know 1,400 to um to possibly 2500 maybe that would be a way to look at it per month are getting sent out um quattroco I've seen some rather large stakes go out there several millions things we've been looking at in recent streams are things like the max t-shares again conservative kind of a thing that in gold this might be what we think the number of t-shirts might be in existence but again this is it kind of with the expectation the OA is going to do some reststaking which it did do some restaking but not you know it did 20% not uh I guess it wasn't exactly 20% but it was more like 10 10 12% restaking rather than uh rather than 85% right and so again conservative would be that we're going to step down rather slowly until we get out into 2041 and then have something like 16 million t-shirts right but so far out there I can't tell you that's going to happen don't know right because we only have what they call trailing indications or trailing information, trailing indicators from what the OA does. So, very hard to know what the OA might do in the future. So, it was just a guess. What's a guess? Um, but the but I'm pretty firm on the idea that the max is probably going to be the max. You know, something like this. like even, you know, even if that that's the case, we're still whatever the OA does, um, if it takes all of its hex and and does a restake, you you still would be in that situation, right? Because if if it ends at stakes, um, it could adjust this, I guess, if it actually ended stakes and restaked and create t-shares, but, you know, we would we would lose them here on the gold. So, I guess we'll wait and see. You know, wake me up in 10 years and we'll see what the OA did. We could do it that way.

[00:24:23]That's such a long time.

[00:24:26]A very long time. I know. Yeah. I mean, some of us some of us are locked in.

[00:24:32]Make what you want. And Jay Soul, it's a rabbit hole, man. I don't know. And it's Yeah, like you're saying, it's a very hard thing to market. Um, I have an unpopular opinion on on this this whole stuff, this whole hex thing and the staking and um, so I I do think of multiple things, right? I would love that.

[00:24:58]So if I'm thinking, you know, if I'm trying to think tank something, I'm coming up with different scenarios in my head, not just one.

[00:25:06]And particularly if I have a really strong opinion about something and I'm like no that's not going to happen then that's I'll try to say why not you know and and go through the process of why not why wouldn't that happen right and kind of take the opposite viewpoint um I'm not very sure I one one of the viewpoints I've taken is I don't think hex staking is coming back at least not in the form form that it was before where the average user is learning about Hex and they believe it's a great idea to lock up. And um my my evidence for that is what we've seen since the euphoria of 2021 and the amount of hex staking. Now that's not I'm not being negative against those people who are in the walled garden with me. That's not what I'm saying. I mean, yes, there's going to be people who are going to be staking who value that, but it's a very hard proposition.

[00:26:11]And I think that's kind of what you're getting at, too, to be like, hey, um, you should you should stake and lock up for 15 years. Which, by the way, if you've been watching the other videos, is one of the things I'm I'm talking about with the actuator protocol. Why I'm talking about it, because I see that as a uh as an add-on to the ecosystem that could drive much more staking than just simply coming in and people locking up and believing, right? And there's a lot of reasons for that. Um, but I just think with with HEX in general, um, the the, you know, the comment I'm getting back from people was why would I lock up on something that goes down, right? And, um, so I mean, it's just it's just that argument of there's no price action.

[00:27:00]And, you know, people who've taken the counterposition to me, they're like, well, no, no, you know, if we see green candles, people going to stake. And I'm thinking to myself, I don't know. I could be wrong about that. I could be wrong about that. I mean, we could see a resurgence of substaking, but you still have this whole aspect of, well, yeah.

[00:27:19]Okay. So, so people see green candles, they get super excited.

[00:27:24]What level of commitment do you have to have in your brain to be able to say, "I'm going to lock up lots of hex and and come back in in five, 10, 15 years."

[00:27:37]It it's a it's a huge level of commitment. Um, and I would applaud someone who does that responsibly and etc etc right if they want to participate and play the game of hex and to accumulate units but nobody can promise on the prices and so I don't know that we'll see that again in that way but I could be wrong you know like listen maybe we see 10,000x again and when we see 10,000x people like yeah this makes perfect sense this makes perfect sense I'm going to lock up a whole bunch. Um maybe we will see that. But here's the thing is um whether I'm right or wrong about how excited people will be about normal just day-to-day staking um for those people who are in the walled garden already feel like they're the true believers already are staking they're they're it's good for them either way which is kind of like one of the points in Hex that was pretty cool in the beginning and still exists is as a staker When fewer people uh participate, you just do better, right? Player verse player. Um not trading, not traders, but in terms of holding versus staking, you just do better because you're earning those rewards.

[00:29:03]And like I said, with my models being so conservative, you could see other weird stuff happen like this. I call it weird but extraordinary things happen where you know every time the this this is the theoretical max payout chart that I came up with and it's just me looking at the stakes and saying okay well what if what if nobody restakes right then I don't I'm not really including uh emergency stakes here but what does the what do the payouts look like as we go into the future if including the OA nobody restakes nobody stakes anything, right? Well, based on what I know today, then this is the kind of way that I would see that the uh you know, the payouts would go up, you know, and we we would see between now and um 2032, you know, it would go up, which is what that's six years, right? So, between now and 2032, we would see something like uh you know, another 1.3 hex per t-shirt.

[00:30:11]Um, which is like a pretty significant increase, right? I mean, what's what is that? That's a uh that's almost Let's do this. I'll do I'll do it my math. I'll do I'm just going to use 2.47 since that's the number that's there. Let's just say we're up to 2.47 and today the base is 1.58.

[00:30:34]Um, that's a 1.56x from where we are today. And so, yeah, it's pretty that's pretty significant increase in the amount of of payout, which would of course increase the APR quite a bit. Um, you know, maybe rough numbers if that was the case, that's going to get us up to if we said our percentage today was 4%.

[00:31:04]uh you know four times 1.56x you'd be looking at something like a 6% APR in terms of payout per t-share.

[00:31:22]So pretty interesting and how it could all come together. But again this is going to take place over years over years not months.

[00:31:31]Not months. Now, of course, you add in price speculation. Yeah, I I be I would be very happy with, you know, 50 cent $1 hacks, right? I mean, then then perhaps that does blow the doors off of all of us. So sorry for my musings on all this, but as we go into the future, you could see, you know, something like uh way out there 15 years from now, you know, approaching, you know, 60 70 hex per t-share if we did not see T-shares getting created, right? And these are these are actually kind of lower numbers. I did an 8020 split on it. I think I was I was expecting about 20% of the t-shares to be recreated on these curves, but it gives you an idea of some of the possibilities possibilities that are out there. A lot of people don't realize that when you make a stake aside from when the OA came in last year and did what it did, typically what you see is a floating APR. And so when you when you make a stake over time because the T-shares drop out that were created before and they're kind of deflationary, you end up in a situation where um your APR just floats upwards and to the right.

[00:32:53]Oh, yep. Jay, thanks for that. Yeah, I I do feel pretty lonely, guys. Except for the viewers. Except for the viewers. I feel pretty lonely on on talking about hex staking. A lot of people will still, you know, particularly the Koss yak, right? Um, you know, the Kos will say, "Hey, CEX is the best, but I don't see a lot of them coming here."

[00:33:21]And I don't know that a lot of them are actually staking. I could be wrong, but somebody is staking. Somebody is because we do continue to see millions of hex going out Quattro Senco. So, I don't know if that's programmatic or userbased or what's happening with that. But, you know, I guess I don't need to know. You don't need to know. I mean, so these stakes that are here, the creation of these stakes that are going out here, I mean, somebody's doing it. So, it system's working as advertised. It's going up. I mean, and you know, the the bet I'm taking and the reason I'm putting um HEX out in into 2041 right now is that yes, there will be much higher prices in the future and yes, I do expect the APR to come up and that um a much higher price kind of negates the need for high APR.

[00:34:13]So, I'd be very happy to have t-shares out there that are going to be paying me um x at a dollar or whatever it ends up being in the future. You know, it's kind of like um all things being considered, it's kind of hard to say that it won't be a higher price eventually. Has to be a higher price eventually because uh just the cost of money going upwards in terms of fiat.

[00:34:37]There will be some sort of a crossover point. I mean, think things can only go down so low, I think. I think. All right, you guys have any questions, drop in the chat. See what else we got to go look at. Looking at the charts here. Um, this is the PEX on Pulse Chain. Uh, we had a ton of buys coming in all the way through March and then I haven't had any any new buy signals. So, uh, if we see the price drop down a little bit further, may get another series of buy signals. Those are just typical, uh, some people follow indicator, but they're they're typical, um, Fibonacci crosses, and when that when those those crosses take place, they're saying, hey, you know, this might be good good time to buy uh, in order to see it. But we're we're seeing it pretty much follow below the 111day moving average here. So we're not really seeing um any type of movement up to we saw it come up and challenge a couple times. I think on the PEX side we actually crossed over the 111day moving average respecting a little bit differently a little hugging a little bit closer but in in general it's it's kind of following ETH right and which is what you hear a lot of people talk about now.

[00:35:59]ETH lost its own battle with 111day moving average recently and now has dropped down below it. Uh typically I look for, you know, if we're going into a strong uptrend, you know, it's it's got to go over the 111day moving average. I mean, there could be subtrends, but you know, a strong uptrend would be above that. And then I'd be looking for the 111day moving average to cross 350. And uh I'm not the only one. A lot of people use those kind of numbers, but um you know when when when you see the price get up above that and you can confirm that there's an uptrend, that's where traders will take a position and then potentially would use the 350day moving average as their, you know, as their target. Um but I guess the point with I was trying to make with Ethereum is that uh Hex is kind of following that, right?

[00:36:56]we go back in time and look um we saw the the price of ETH come up and hit some of these some of these moving averages at the top here. You see the yellow line. Uh it they got that was around the 4,300 level. All right. We did see a subsequent second high in 21 where it got up to the 4700 level which is red. But what I would be looking for in a and and this is this is something we just don't know. We don't know if retail is coming back or not, but in a retail environment, I'm looking for the blue line. And right now, the blue line is up at 9,300 with ETH at these prices.

[00:37:39]Um, so with retail participation and some sort of a blowoff, I would be looking at, you know, something like 9,300 probably to 12K as uh conservative. But I don't even know what that means anymore because we haven't seen, you know, retail push, right?

[00:37:57]But that would be those would be the kind of lines I would expect to see. You can see these all of these lines kind of flattening out. They're all derivatives.

[00:38:04]So the 350day moving average. Um but the laws of diminishing gains, you know, last time was in 21 was the yellow. So then then the blue would be the idea. Uh and but hey, possibly even leaving lower at the red, you know, because some people would say, you know, that we actually hit it here and this was the top, you know, back in back in March of 24, August of 25, etc. So, we'll we'll continue to watch continue to watch. Bitcoin is uh looking a little bit little bit better, but you know the from the while they might not all be tied as tightly as they used to be with uh the liquidity, the sentiment is tied and so you see commonality I think between the the tokens and the coins that are out there. But anyways, Bitcoin did get above its 111day moving average. It still is. It's going to come down and test probably the 72 level. And if it loses it, then uh maybe some of you guys that were looking for the 40K, we'll get it. You know, at least some sort of a wick down into the 50s or something like that. Maybe that'll actually happen if it goes below that.

[00:39:23]But I'll be looking to see if it actually can can bounce off of that number, right? If if it reject if it maintains support at that 72 72 level. and uh we see it going the other direction might be all over as far as going down, right? But again, we just don't know because we have to watch it.

[00:39:48]I mean, things look weird. I mean, uh as far as um as far as how the uh you know, how how the bar patterns have played out. Um you know, you can see back here in 22 path, we started getting some buy signals and came up a little bit, got some more buy signals, but it still came down further. got down to 16K before it really reversed. So, um, if we're thinking we're in a whole brand new four-year cycle, you know, this was we kind of a tame time frame from that to that before we got through this. That was um that was 200 days, right? Roughly. Um, so if we look at something like that, let's just do 200 days into the future gets us what? out into October this year. And so like I've heard people talk about that, right? The possibility that you might be seeing some sort of a run, some sort of a, you know, at least a midterm type of a thing happening in October, which would set things up to be pretty bullish for 2027.

[00:40:57]But I'm still wondering where the hell 2025 went. You know, the way things turned out. Uh but anyways, the what it looks to me is that yes, um we're we are obviously I think tied to uh the future of ETH for a variety of reasons. A lot of people say that because the OA value that was accumulated in terms of ETH um tied to Bitcoin and sentiment and uh you know we pretty much have we'll see you know hex continue to do kind of follow that follow those kind of patterns along for now. Um we are particularly you the pulse chain side um you know we are divorced from what's happening outside and outside crypto except for when people push buttons significantly um so you see some of that and you got you got to think that people are running out of stuff to sell. I would think I would think they are because the reward levels are pretty low on on most things that they get get any type of yield on. you'd think they'd be running out. And again, I I'll point out Ben Sierra's thesis that um hex is actually becoming deflationary um you know in terms of more getting staked than actually is coming out of stakes, right? So where does the hex come from? It's coming from people's wallets. It's the market and eventually you know those people stop pulling from their wallets.

[00:42:26]So then that that gives us an opportunity for things to go up in the other direction in in terms of cost, price, you know, supply and demand dynamics, I think. I think. All right. What we got here? All right. Hey, Perpetual Bitcoin.

[00:42:43]Good to see you.

[00:42:45]All right. Well, I don't see any questions or requests in there, so I don't have a whole lot more to say other than, hey, everything looks like it's normal in hex. You know, it's kind of moving along. Still going to see the t-sho up into the right. We have um you know, our average our average length did pop up on pulse chain. I think this is actually driven by u um by actuator. In this case, we went up to 4.4 for from in April 3.7 years to 4.4 years. Uh but it's pretty similar to the Ethereum side 4.3 years. This is for newly created stakes for open stakes that are there.

[00:43:28]Let's see where we're at. We This doesn't change a whole lot, right?

[00:43:31]Doesn't change a whole lot. We're at 9.8 years for open stakes uh on PulseChain and 9.1 years on EX. And that's because it's, you know, it's not even measuring time served. It's just like what is the average of all the stakes that are still open. That's where that figure comes from. So it gives you kind of a higher level indication of the lockup period.

[00:43:54]That's why I look at the ones that are actually being created and what the average is what's being created. And these are not weighted. And you could you you know like you know we could you could weight these averages to come up with better numbers. So, I don't think it's it's interesting to me, but I don't think it really matters much other than just kind of knowing, you know, what what people are willing to do as far as staking goes and what's out there. We go look at the the PEX out in 2041.

[00:44:26]Um, you know, remember the OA put 237,000 stakes out there or something something like that. over 230,000 um uh t-shares out to 2041.

[00:44:39]So there's just isn't there just aren't that many t-shares out there that are users, you know, like regular users, you know, less than 100,000.

[00:44:52]And so again, that's that's another another uh another reason the walled garden idea keeps coming to mind is that it just isn't a lot of competition in terms of t-shares out there.

[00:45:07]Right? So that that just continues that gap continues to grow. And one of the one of the things I'll be watching here is these types of numbers, right?

[00:45:17]I mean, the only this is log scale, so it doesn't look exactly, you know, the way things are, but you know, because I I wanted to be able to see all of the candles on this at one time. But when you take out you take out the OA stakes, the months the OA staked, which are these two months, you know, we're we we did see a larger month way back here in uh in February 2040, which like a year agoish.

[00:45:50]Um which would have been right around with the OA, right around the OA type of stake.

[00:45:56]Remember the the the months shift a little shift around a little bit. So we did see some strong amounts there. But if you look at all these other recent months, yeah, 2850,740, you know, 1,100 t-shares, 2500 t-shares, 1500 t-shares. Um, so what this means to me is if I'm not worried about cost at all, just taking that off the table and what what prices will be, if I'm playing the game of hex staking and mining, um, there's not a lot of competition.

[00:46:33]There's not a lot of competition. Not when not when T-shares are are literally 60 bucks, right?

[00:46:42]It's not there's not a lot of t-shirts out there. Um, you know, so people people who are putting in their t-shares will will have them out in the 2041 level or range and they'll they'll experience uh what we're looking at here is a share rate, right? So what they're basically doing is locking in way out in the future these share rates that we're getting today which are closer to 45,000 right and so anybody who comes after them has less and less earning power relative um to to anybody's getting them in place today. And so it's an asymmetrical bet for sure. Asymmetrical and it's so far out there that again I don't think people people going to pay much attention to it.

[00:47:35]You know that's what it is.

[00:47:38]RS good to see you. Good to see you.

[00:47:41]Loving the actuator. Yeah. um you know so as since you mentioned actuator as we're going through this um so some people when I was just talking about this this walt staking this is why I'd like to to bring it up and talk about the walt staking I'm talking about getting t-shares out quadrric sinko um there there's a small portion of you were listening like yeah that's a good idea right I'm going to go natively stake that far. But there's also probably three times as many people hear that they're like, I'm not I'm not staking in 15 years right now. You got to be nuts, right? And so an in between is um something like the actuator protocol where you're able to put stakes out that far and also access the liquidity uh over the years. Doesn't mean you're going to make the right choices. I mean, crypto is dangerous in terms of loss. People make mistakes all the time. But um it's a a different way to look at it because I could do quattrakos right now and have access to 30 or 40% of my liquidity to do other things with it over this period of time.

[00:48:51]Do I make the right decisions with that?

[00:48:53]I don't know. But maybe I make good decisions, make bad decisions. And that was the whole point of the original thesis behind the truth engine, right?

[00:49:03]You don't get access to this stuff until you do your time.

[00:49:07]Um but again I'll point to those charts we were just looking at. Okay guys that's how it is but um so okay that when we were operating in that environment people going to stake a thousand t-shares a month out into the future that's how how it'll be. So it creates opportunities for other people and I am doing well. Thank you. Um do you all believe what RH said about spaces being irrelevant? I don't remember exactly if that's what he said about spaces. Maybe that maybe that is what he said. Um but I think they are relevant.

[00:49:43]I think I I I think I think community discussion is relevant. I think it is.

[00:49:51]That's just my opinion. So specifically on that with him, no, I don't think so.

[00:49:57]But um I don't think it's ill re irrelevant. I don't I don't because I think communication is a big part of this. I mean there's no no other way. I mean how else you you know how else do you build a community and have network effect if you're not adding more people, right? And the only way you can add more people is getting the word out.

[00:50:23]That's that's it.

[00:50:26]uh Uni OG for example, I don't know if you asked a question, but for example, 100,000 EEX and 10K PX. I don't know what you mean, Uni, maybe you can post it. Um, but with a followup and but you are saying best to DCA then roll in roll to one big still or do we think gas will be ne negligible? Well, hey, at these values, um, it's quite easy to get at least 100,000 hex, I think, you know, for a stake. So, I definitely would be shooting for what we found to be painful on the pulse on the uh Ethereum side, shooting for higher numbers like that.

[00:51:10]Um, I have have had some discussion with people who are ending uh Ethereum stakes. Ethereum stakes can still be fairly expensive versus the value of the EEX right now. Uh but you know the Ethereum chain you can reliably uh submit end stakes at the lowest cost setting is what I'm being told and pay much less pay much less. So that seems to be working okay but yeah in terms of new stakes being made um I certainly wouldn't be making tiny stakes on Ethereum. I could make smaller stakes on the pulse chain with the idea that the the gas will be lower, but I think u again that thumb rule of 100,000 hex is probably a pretty good one. You know, I haven't always adhered to that though.

[00:51:58]I've done more.

[00:52:07]Yep. Okay, I get you. So, I think I just answered that question. Perpetual Bitcoin. I liked SC2. I got some of it.

[00:52:15]I got some of it. Thing um the thing about the Desi is that those of us who have it don't really want to sell it, right? So, it's hard to go buy it, you know, and and you just push the price against you yourself to do do a whole bunch.

[00:52:33]Um worth doing daily sticks. Um, I was never really a big fan uni on doing daily sticks myself, but um, you know, I I can I could see why some people might, but it is. It's just being so much work to to do it. Um, you know, I I originally had started with yearly and then I backed to uh to quarterly and then for, you know, for busy times I went as far as to monthly.

[00:53:12]But I I like the quarterly a lot more.

[00:53:16]But my whole my whole reason, you know, with my native staking that I even went to the quarterly level, uh, from the quarterly to the monthly is because I kind of felt like I was sitting around doing nothing all the time and I wanted some sort of excitement. Woohoo. Gusts to get that excitement going. Um, but I think, yeah, I think, you know, depending on a person's budget and what they're thinking about doing, um, month is fine. You know, hey, if you want to do daily, do daily. It's just that you have to you have to do you're going to have to track 300 stakes a year. 365 stakes a year. You're doing one every every day, which is a lot more overhead than tracking 52 and a lot more overhead than tracking four. And you could take uh the hexologist viewpoint and uh do one, you know, and then this way every every January you uh you get your hex and then you have a whole year to decide what you're going to do with it and then do whatever you're going to do and do it that way. Some people like that approach as well.

[00:54:21]Some people like that as well. And since we're looking at I kind of envision this the whole the whole perpetual thing and other stuff like the actuator as being kind of a bond market something we've talked about before.

[00:54:37]Let's see where's my bond market stuff.

[00:54:40]There we go. Let's go look at the packaged products.

[00:54:46]Uh if you're trying to compare these these different types of assets to tradine, you can come up with these um comparisons where you know Maxi and Desi appear to be more like packaged uh ETF type products that type of thing while HTTS appear to be more like bonds. Uh you know people have different different definitions and whatnot for all that.

[00:55:09]But the reason the reason we were just talking about Desi is if you are able to get a Desi right now for 98 Hex um when when this comes due for redemption in 2032 you would get 2.36 Hex which is 140% ROI from today which is about a 21% APR. So that's pretty good pretty good pretty good rate right to be able to do that. And so my my only comment about about it is um that you know a lot of people don't want to get rid of their desking and if they put them on the market you lose them because somebody's going to buy them and so the liquidity is not super thick.

[00:56:02]It's not super thick. And then um but you know, it has been pretty good. I mean, in terms of what's been available, it's just not not super thick anyways.

[00:56:12]But you can you probably calculate what that is. We can pull it up and look here in a second. But the idea is you can get you can get desi now and with the expectation that you'll be able to turn it into the contract and get an estimated 2.36 hex for each one. Now, if I go look at my charts here, let's see. PDSI. What do we got for the PDSI? So, all right. So, this is a little thicker than than I I'm portraying, but I don't know what the V3s look like. So, I'd have to go look at those in particular and see what they what they look at look like for ranges.

[00:56:52]Um, so let's exclude th that for a moment. So you can see that uh $32,000 out of $39,000 worth of liquidity is in um is in V3. So the V2 fair game stuff is is is only about $7,000$67,000 worth of liquidity where you can go get Desi. Uh and so it's rather it's rather thin. And so if you're looking at $6,000 uh dollars worth a safe trade is like 120 bucks worth.

[00:57:28]So, you're not moving into like a there's no way you're coming in with a with a dolphin position, you know, on something like that or even even a lower position. Um because you just could move the price too hard against yourself. And then even though my little chart here, where'd you go?

[00:57:47]See where I put it? Even though my little chart here shows this, well, as soon as this is up, you know, this this goes up another 20% whatever, right? The ROI is going down, right? Still might be pretty good, but we, you know, we're having these conversations about Hex in general and and people being interested in it. You know, Desi's even further down the chain than just simply Hex, right? So, it's just one it's one more level down for people to get excited about at some point. And so, there's only a small group of people were interested in that.

[00:58:23]They're even um even uh I do know people that that DCA into that. I do.

[00:58:32]I do. If we go take a look at the V3, let's see if the big V3 selling or they're buying. So, first thing we'll do is we'll look at the chart itself.

[00:58:41]Index. Usually, it'll give us the quantities.

[00:58:49]All right. So, I'm just going to scroll down on the right hand side over here and go take a look at it. Um, so we've got more desi than hex in here. And so, more people are trying to sell the desi than buy the desi. So, um, yeah. So, there's 21k on the on the uh on the sell side for desi.

[00:59:11]Oh, it might work out pretty good for you. I wonder what I didn't go check the actual numbers. So, I'm making some rather strong statements without actually looking at the numbers in advance. Giving you my perception of the stuff.

[00:59:27]And then we go look here at the hex dessi pair. It's a 1% pair. Earn some additional fees. Um 9 millimeter doesn't show a lot of a lot of information these days. So, even though you can clearly see there's trades right on underneath this pair, when I go to the overview, I may not actually see volume. Oh, it does show me, you know, I don't see the transactions down here, but it is showing, you know, $3 in fees, you know, on on this locked value. The TVL's don't look right either. So, it's hard sometimes hard to tell. Let's see if the this loads up for us. just give us an idea of how this is priced out.

[01:00:12]Um, so this is where we currently are with, you know, one desi being one hex and then lower. So most most of this is down here supporting that looks like this.

[01:00:29]Now how much hex is locked in here? So, a lot of desi up here hold kind of like pinning this in place a little bit for price. You'd have to make some. So, it's possible you can get some with an aggregator. You can get some some buys in here with a with a decent amount or buy amount.

[01:00:54]Always get confused. Why does that say that the desi? So it's only counting the hex value as real value for that. So maybe that maybe you can conclude that that's something like an 18k pool as a guess. Maybe maybe somebody go check this. uh uh 2% on 18 would be a $360 order before you started seeing maybe more than 5% effect on the on the market.

[01:01:30]But yeah, it's just it's just another way to get that exposure right to uh to hex. So you have that and I think you I saw in the chat you were mentioning um swapping around between these two. Yeah.

[01:01:43]after the unstake rotate to desi or max.

[01:01:47]Yeah, you could do that. You do that as as the um you know as the system continues to move forward, right? Um you should be able to pick those up if you wanted to, right?

[01:02:08]I mean, if you're doing the DCA approach and depending on the size of the of the DCA, you can actually do it. The thing is there's only so much of that opportunity available to, right? So, early bird gets the worm, so to speak, so to speak. You my stakes are made at 49. Yeah, I made I made quite a few stakes um up in the 40 cent range as well. Uh, but that was, you know, part of filling out the the ladder at the time. I don't know, would could have, should have. I'm going to look forward and I'm back. Um, in the in terms of, you know, I have my units coming out in the future. So, presumably at a much higher fiat value, I hope. All right. So, we got this, you have this, they have the dei and the maxi. What you can do there with those as well. All right, guys. Well, probably nothing else to say on this topic today.

[01:03:04]Uh, I'll be back with more videos and whatnot. You guys hit the like, comment, let me know what you're thinking. Big shout out to everybody. Thanks for joining me. And, uh, for those of you in the US, happy Memorial Day. Have a good holiday. Maybe everybody's got Monday off. Probably not, but maybe. If you do, enjoy your time with your family and we'll see you next time for another Tea Share Report. So you got to stay crispy.

[01:03:30]We'll send you out with Mr. T and the nug.

[01:03:34]>> Yo T, urgent hex buy signal charts flaming hot. Golden ratio, huh? That's how legends stack T-shares. Get them while they're crispy, folks. This window won't stay open long.

[01:03:45]>> Stake smart. Win big. Time rewards those who act.

[01:03:48]>> Stay crispy, hexagons. You got to move it. Move it.

[01:03:56]Feel the rhythm of the blockchain.