GnosisDAO 🦉

MAKE L2 TOKENS GREAT AGAIN!

L2 tokens are non-investible: low fee generation, no fee sharing, and governance is overvalued.

Layer 2s should acquire as much $ETH as possible.

It's the true Ethereum x L2 alignment:

- L2 tokens act like speculative assets akin to TradFi Crypto Treasury Company stocks

- They manage $ETH treasury, making governance meaningful

-  L2 tokens trade with $ETH price, aligning incentives but can trade at ETH reserve's premium.

Current Layer 2 reserves are abysmal: Arbitrum holds just $80M, and Optimism $66M in $ETH

Adjusted to Market Cap, it's peanuts.

Gnosis is doing much better: $241M in ETH for $391M market cap. 

Real chads at $GNO team.

What's stopping L2s from acquiring $ETH?

Arbitrum, Optimism and other L2 DAOs should make governance proposals ASAP.