Pare

Price has come down a good 60-70% from the highs. Right now project is all dev vibes and future expectations. Also Pendle came into the same market. But the onchain equity RWA market is massive and completely underserved right now. It's only going to vastly expand. And a key part of this will be to offer trading and lending markets around splitting dividend stocks. This market is currently at ZERO right now (pendle and pare both aiming to do same thing, though PARE here is clearly the first and the innovator). Pendle as the pedegree while PARE is the scrappy upstart. The market for this is massive though and there is going to be room for two big cap projects. At ~7M, PARE is cheap if they execute here with a huge amount of room for growth. I see this as a 10-100x bet here. Sep 19 is the audits and then the product (lending markets) go live. IF this happens and there are no issues, it's reasonable to expect a repricing (upward?) of PARE. Maybe 15-30M range is my guess. After this, comes down to product offerings and how much the TVL starts to scale. Slowly then maybe an avalanche.