0xFran 🫂 on Farcaster

Garrett pfp

Base needs a good concentrated airdrop to create a wealth event That’s often how an onchain ecosystem ignites and momentum builds

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𝑶𝒕𝒕𝒊🗿✨ pfp

𝑶𝒕𝒕𝒊🗿✨

I’m surprised we’ve still not seen this even with all the tokenize everything from Jesse

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Garrett pfp

Yeah I think we'll see a few eventually There needs to be more quality tokens on Base that people want to speculate/invest in where an concentrated airdrop would provide liquidity that could spread throughout the ecosystem We're starting to see more quality tokens pop up on Base but still need more trading activity/liquidity

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0xFran 🫂 pfp

IMO Tokenize everything has the opposite effect. Atomized liquidity spread too thin to accrue meaningful financial value

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Garrett pfp

True but I think the lack of meaningful value accrual is more about the lack of growth in liquidity rather than the existing liquidity getting fragmented

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0xFran 🫂 pfp

Financial value accrues when people hold an assets and don't want to sell it. This by definition requires a long term view of the asset. Without a long term view, it simply can't appreciate. If you aren't holding, you are selling. To see the wealth effect you describe, we'd need an asset ppl actually want to hold

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Garrett pfp

What asset on base are you comfortable holding for more than 6 months?

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0xFran 🫂 pfp

I'm a bad example. I never sell anything. I get attached too easily But in general I'd say only ETH & AERO are rational holds Don't think there's much else. I hold a ton of other stuff, but again, I don't think that's rational

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Garrett pfp

Yeah I'd say AERO and MORPHO are probably the only ones outside ETH and cbBTC

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