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Bell Curve
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The Relative Adoption of Steth in a Lp Pool
Steth is just yield bearing and ETH isn't. Only caveat I'd say is that you'd want to own rap steth most likely. That's effectively the same thing and just as a non-rebasing element. The way I think about it is the most active capital is steth. For one reason or the other, for the past year, I think 6 million or 5 million have been added to steth. Think of the bear market, the hibernation, whatever analogy you want to prove. It was kind of hibernating,. Now it's a bit more awake than a lot of the dormant ETH. "I hate when things are not productive," says John Chard
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