Whatever you want something to be
You can't entirely control what will it be
Gotta know your limits
Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token".
Three primary reasons:
1. ETH as fee-burning token never was as strong as it seemed
2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance.
3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS)
EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere.
The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.
I like CT but I hate X's FYP
It's so much random political shit or goonerbait
I just want crypto alpha, idc about your political stances, I don't want to be in your echo chamber
I'll make sure to stay in my lists more often 🫡
Jiurn retweeted
🦄 Uniswap just put REAL ESTATE on-chain 🦄
for the first time ever
Real REIT shares, tradable on the AMM, with KYC enforced onchain.
Here's how it works and why it matters 🧵👇
1/7
For the first time ever, a permissioned asset is live on the Uniswap AMM
@GromaCorp has brought real estate issuance and redemption directly onto the protocol with the Permissioned Pools Hook
Real-world assets with onchain rails 🦄
🦄 Uniswap just put REAL ESTATE on-chain 🦄
for the first time ever
Real REIT shares, tradable on the AMM, with KYC enforced onchain.
Here's how it works and why it matters 🧵👇
1/7
For the first time ever, a permissioned asset is live on the Uniswap AMM
@GromaCorp has brought real estate issuance and redemption directly onto the protocol with the Permissioned Pools Hook
Real-world assets with onchain rails 🦄
Uniswap says tokenized assets could be $11T by 2030.
Until now that money had to live on order books and OTC desks
Now it has a native AMM rail
6/7
The VIX is basically an uncertainty index
So the more it goes up, the more uncertainty there is in the market
If it's the highest surge since 2018, it means there hasn't been that much uncertainty in 8 years... 😬
BREAKING: The Volatility Index, $VIX, surges over +70% on the day, on track for its biggest daily gain since February 2018.
Not even March 2020 saw a daily jump in volatility like we are seeing now.
