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As L2s keep hypergrowing, we'll see L1 competitors suggesting incorrect criticisms of the L2 model, such as that L2s are no better than alt L1s with cross-L1 bridges, or that any L1 can be a global settlement layer. Neither of these are true. L2s and Eth are irreplaceable.
No matter how you look at the $ETH chart, it’s incredibly bullish. One way to view it is as a 3-year cup and handle, with major resistance at 4k. Once that’s cleared, a measured move places it north of $15k. The most asymmetric bet you can make right now.
Both are challenges of round-based/ matching dynamics that don’t take into account the size of the beneficiary set. Avoiding these this is an explicit intent of the Guild model. The EELS team is not going to have
After 3 incredible years leading the tech at Mimic, we're taking a giant leap forward by launching our own DeFi protocol! I'm looking for a tech lead to join this exciting journey. If you're driven by innovation and ready to significantly impact the DeFi space, drop me a message!