Top 10 Takeaways from DevCon VI Bogota
The Milk Road Show
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Ethereum and the Illiquidity Premium
At the root layer of Ethereum, its consensus layer trust is paramount. We should continue as we have done in society and capitalism to trust one another. The rationale of an ETH illiquidity premium is as follows. Roughly 20% of ETH today is tied up in staking and collateral. It's illiquid. Can't be taken out. Eventually 80% of ETH could be tied up in illiquid activities. At that point, only 20% ofETH circulating will be liquid. E-liquid assets are higher risk because they're harder to sell. To compensate for the higher risk, they trade at lower valuations. A liquidity premiums don't exist. Boles, subscribe and ill
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