RE:Help me out on the value prop hereyeah I'm trying to figure this out myself. Doesn't look like they're building any open/permissionless DeFi protocols - just building applications that connect to other projects and DeFi services on Ethereum. The only thing I've seen is the deck and website but the business model seems to be "build a dashboard". I don't think it even manages the user's keys - so I have to get a Metamask wallet first? And the only reference to monetization is API integration with Centralized Exchanges. Whatever that means.
There's a lot of great branding and keywords and hype on the website and deck. But not a lot of substance IMO. No revenue projections or active user targets or financial performance targets of any kind. No details about monetizing the end user other than "API Integration". It's literally impossible (for me at least) to have a respectible thesis on this stock other than "number go up". But maybe that's good enough. Tickers like DEFI and all the miners pumped up to way higher than WNDR's market cap right now so I would be suprised if it didn't pump further before it sinks down like most every blockchain stock seems to do after listing.