DIEM$1,353.05▾0.9%

VVV$11.76▾4.7%

mint rate587.7 sVVV/DIEM

implied yield27.0%

utilization latest0.0%

⌁ THE STREET'S COVERAGE, ARCHIVED

Word on the canal

Every serious model of DIEM and VVV the street has posted: archived from the public record the day it appears, re-run every morning against the tape. The desk supplies the apparatus; the authors keep their opinions. The measurements behind it all live on the desk.

Where the street lands · DIEM

each model's stated bear-to-bull range and base case against today's market · dollars below, implied yield above

implied yield →

100%50%35%25%20%

B3nj4min_ETH

utilization DCF · Jul 7

$400

$100

$1,000

KrakenTree

perpetuity ladder · May 9

$1,460

→$3,650

Sum of My Ideas

survival-adjusted perpetuity · Aug 2025

$440

$365

$1,460

The desk model

utilization-adjusted · daily

$701

$351

$1,402

market · $1,353 · 27.0% yield

$0$600$1,200$1,800$2,400

stated bear → bullbase, as publishedrecomputed todaymarket price

mint parity
check

DIEM market
$1,353

mint cost = $11.76 × 587.7 sVVV
$6,908

market at
19.6% of mint cost · mint uneconomic · ceiling not binding

VVV floor = mint rate × DIEM
$2.30

VVV vs its floor
5.1x the floor · VVV side of the same parity

Coverage

6 models · DIEM

B3nj4min_ETH

@B3nj4min_ETH · 2026-07-07

view on X ↗

the desk's plain-words read

B3 treats DIEM as a perpetual compute bond: one token refreshes $1/day, so $365/yr of Venice API credit. That face value gets haircut for how much of the credit a holder actually uses, whether Venice stays useful, and the time value of money.

His base case takes 75% utilization, 80% credit realization, a 4-year horizon and a 35% discount, putting DIEM near $400 rather than the market's ~$1,330. He frames it bear $100 to $250, base $300 to $500, bull $700 to $1,000+, and reads the market price as a very optimistic, near-perpetual case.

10 replies5 reposts47 likes8,227 views

archived 2026-07-16 · engagement as of 2026-07-18 · first half of the post: the DIEM framework; the VVV half is archived under b3-vvv-v1

the model, re-run today

365 x utilization x credit realization x quality x annuity(4y, 35%)

$437

live fair value

$1,353

market

+209%

mkt premium to model

parameter

published

today · live

utilization

75%
author

published fallback
oracleUtilization

credit realization

80%
author

n/a

quality

1.00
author

n/a

horizon / discount

4y / 35%
author

n/a

fair value

$400 frozen

$437

stated: bear $100-250 · base $300-500 ("closer to ~$400") · bull $700-1,000+

Models are community work archived from public posts; the desk re-runs each formula with live inputs but never adjusts author assumptions. The market line, yields and on-chain series are the desk's apparatus: the desk does not publish a price target. Nothing here is investment advice.

Dig deeper: the desk's measurements