Solana vs Ethereum, an Alternative Hedge to risking leverage with much more Potential

My Fellow Chads and Chadesses,

We all know Solana has now become the defacto 2nd most used NFT blockchain and gaining more popularity every day. Its speeds are fast, it's cheap to use, and most importantly, it's now cheap to buy!

A side-story prelude to the Solana thesis; this brings us to STEPN.

A fellow Chad is working on a beginning STEPN Proposal. STEPN primarily uses Solana for its user's major purchases & sales of its NFT shoes. After starting to use STEPN, I have become a true believer as I bask in the glorious rewards that I obtain daily from just a few minutes of much-needed exercise.

We will be drafting up more proposals and developing a system of STEPN Chads that will "Work It" for the Corp!

Once we have set up our strategic plan and are ready to commence, we will acquire an initial quantity of STEPN Shoes with Solana.

Besides the STEPN hedges of the M2E platform to profit Solana, we need to safely hedge some of our Treasury ETH to combat this bloody, hellish, Armageddon Bear market we are in.

Although We'll need a sizable bag of Solana to purchase STEPN Shoes with and possibly other new Solana NFTs coming along that jack our tits to no avail, we should have separate discussions & proposals on those separately and derive the amount of SOL needed for those purchases by us planning together on those projects and acquire the SOL needed for them individually.

This proposal is for our long-term Solana holdings in our Corp treasury.

I favor the 2x leverage coins as most do, but I also think it's a solid idea to hedge our beloved Ethereum into a direct competitor blockchain to balance out the upcoming vast growth & usage of the entire Defi, Dapp, and booming NFT ecosystem in play.

In addition, as the Solana use cases and popularity grow, not only will developer's engagement and projects birthed with Solana continue to rise, but many more investors will continue to buy and hold as it's quickly become a desired favorite in many investor’s portfolios mentioned on various daily financial and crypto news and talk programs.

Although Solana is mainly a centralized Blockchain backed by investors and venture capitalists... isn't 99% of everything else too? we Chads are Venture Capitalists for fuck-sake!

Ethereum is mostly decentralized but not entirely, just more than any other crypto of its class right now.

Solana could very likely see 10X gains from its ATH of $259 USD / .06 ETH during the next bull run in the future. Even if it only gains 5X or even as little as 2X on ETH, we've X'd that many of the ETH in the trade, and at 2X profit, it's like the leveraged tokens but with less risk of negative downside leverage including the fees and unknown margin actual payouts of the leveraged tokens.

But most importantly, as a strong hedge against Ethereum, Solana will gain value to likely outpace Ethereum in its respective X gains as it's now back into a lower price range compared to the higher levels it has spent for much of its 2+ year existence and has plenty of room to rise to the moon, X'ing it's value repeatedly.

I propose we take advantage of this very Chadly market dip & invest up to a total of 3 ETH into Solana.

We start with 1 ETH now to swap for Solana. If we choose, we can DCA the buy-ins in tiers as a safe strategy, .25 ETH to .5 ETH per buy as we watch the markets progress in case of more downside in this current bloodbath. Then we see how the recovery shapes up in several days to a couple of weeks and we add a 2nd & 3rd ETH while the market is still good to do so using the same DCA strategy to meet our goal of 3 ETH worth of Solana purchased.

We hold all the SOL for the next bull market phase when the SOL/ETH valuation is juicy and ripe, then we can decide to DCA sell back into ETH during that time if we so choose together. (Open-ended DCA sales to be voted on once we are in the future bull market).

~ Com'on you Degenerate Bastards of Basements, open your Chad-Minds beyond Ethereum, and let's go full Degen into a Generative investment of Solana! ~