4min chapter

Bankless cover image

170 - Burning MEV with Justin Drake and Dom

Bankless

CHAPTER

The Effects of the MEV Burn on Ethereum

Einstein: There's basically two types of money and maybe we should be using different words because it's confusing to be using the same word. So on the one hand, we have this currency, which is a debt asset. And here is the opposite mechanism. You want the value of your collateral assets to go up over time. This reduces the risk of default. But if the value ofyour ETH as a trend goes up and up over time, then that makes it the perfect collateral asset. That will be the currency for this internet value that we're creating.

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