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Your Favorite L1 Was Overpriced | Roundup

Bell Curve

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Proof Reserves

I think it's a step in the right direction, but like, it doesn't give us any confidence, like go put a bunch of money on, on finance. I just don't see us getting there anytime soon in terms of putting meaningful assets on that exchange. But this is a very basic form of proof reserve. It's also audited by some auditor that I've never really heard of. So maybe that's a standard that's okay for the Asian funds or the more international ones, but I don't know.

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