Edel (EDEL)

Watching $EDEL here.

Merkl integration going live adds a real incentive layer: stocks ~15% APR, USDC ~12%, STRC boosted to ~20% during the campaign.

At $5M MCAP there's asymmetry; they're the on-chain securities lending protocol for tokenized equities in a $2.5T market that's just getting started (Ondi, Canton Network tailwinds). Room to run if usage sticks. Chart also looks primed.

$EDEL still feels massively under the radar.

Big month ahead.

Edel just secured Featured App status on @CantonFdn, the institutional chain backed by JPMorgan, Goldman Sachs, Citadel, DTCC and BlackRock.

Now Canton is rolling out what could be the biggest incentive programme in crypto:
$75M per month in $CC rewards distributed to Featured Apps based on activity.

Edel is building the lending layer for tokenised equities on Canton:
• Buy tokenised stocks with USDCx
• Lend them for yield
• Borrow against them
• Earn RWA yield + $CC rewards

This gets even more interesting with assets like $STRCx entering the market.

Michael Saylor’s Strategy products are becoming some of the largest tokenised instruments in crypto, and Edel is positioning itself as the infrastructure where these assets can be used productively on-chain.

Not just held.
Used as collateral.
Lent.
Borrowed against.
Yield-bearing.

Most featured Canton apps don’t even have a live token yet and are raising at 9-figure valuations.
$EDEL is already trading around ~$6M mc.

The $CC rewards Edel earns can also flow back into:
• Holder incentives
• Treasury growth
• Buybacks from protocol revenue

One to watch closely.