51. MONEY | David Hoffman: The Man, The Merge, and More
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Avalanche Yield Is Like a Junk Bond, Right?
The reason why a solona or avalanche yield is higher, is basically they're paying you to be more bullish. Etherium has a cheaper cost of capital because people are more trusting in the market and trusting in the asset tat's backing that atat that yield. And so i think of like an avalanche yield is like a junk bond, likeya. They got to pay you extra percentage because there's helamore risk associated with that. You don't really want to compete on ether's yield. You want to competing on the holder base. It's the saying, like truism of anyone any nation, stay wth a money printer. When your dolt, your currency is
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