Content
@
1 reply
0 recast
2 reactions
Coop
@coopahtroopa.eth
We value crypto projects by the amount of ETH locked inside a product or protocol. Then we value its native token as a multiple on that ETH locked. Now - does that ETH or token need to actually do anything? For all intensive purposes... no. Strange world we live in.
4 replies
13 recasts
60 reactions
antaur
@antaur.eth
What if what it 'does' is acting as a magnet creating a magnetic field Good LPs = attracting attention, energy, intention etc. for long-term Bad LPs= repelling the above too fast and trapping toxic energies Not well thought out, but how does this resonate?
0 reply
0 recast
0 reaction
chinmay.eth
@chinmay.eth
These are speculative valuations. This is exactly how stocks were valued in the early days.
0 reply
1 recast
0 reaction
Apurv
@apurvkaushal
For at least some products though ( Base with native yield etc.) , it does make sense as its like a treasury generating real returns on the investment. And # active wallets is a better metric for other consumer facing products imo ( excluding bots which is tough..)
0 reply
0 recast
0 reaction
Saifrehman
@saifrehmani
Give me my degen tip sir
0 reply
0 recast
0 reaction
Wise
@wiseclubens
wow i love your pfp, how do you make it? combination of pic and Swatche
0 reply
0 recast
0 reaction
Rogelio👾🇻🇪
@rogelq
💯
0 reply
0 recast
0 reaction
Zenigame
@zeni.eth
This just means we're still early (unironically) cause we're using a rough proxy metric to measure value.
1 reply
0 recast
0 reaction
NFG
@nfg
Your assessment seems on point without context, but once we delve into the specifics, it veers quite off course.
0 reply
0 recast
0 reaction
