Is There Anything That Hasn't Been Internalized Yet?

I think something that I haven't seen the market internalize yet is, you know, a lot of people see blur as the like pro-trader open-see. But ultimately, this is a fundamental new primitive. The blur token holders, they control the key economics of the protocol. They have the power to accrue value and to distribute value and allocate capital. This is something that I think hasn't been internalized by the market yet because when we think through like the optimal model here, I really like MakerDAU where they kind of have these like sub-dows that they're spinning up.

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