The Milk Road Show

The Most Bullish Ethereum Thesis You Haven’t Heard (Yet) w/ The Ether Machine

6 snips
Sep 11, 2025
Andrew Keys, an Ethereum pioneer and chairman of the Ether Machine, and Andrejka Bernátová, CEO of Dynamics Corp, dive into the revolutionary “Ether Machine.” They discuss how this next-gen Digital Asset Treasury could enable institutional investments in ETH without hardware wallets. The duo explores Ethereum's transformation of finance through smart contracts and highlights innovative investment strategies. Their insights reveal parallels between the oil industry and the Ethereum landscape, underscoring the essential need for responsible management in crypto.
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INSIGHT

Staking Withdrawal Queues Are A Structural Risk

  • Withdrawal queues from staking can lengthen dramatically under stress and clash with fund redemption rules.
  • ETFs' 24‑hour redemption needs create a structural mismatch with on‑chain unstaking timing.
ADVICE

Maximize Yield With Multi‑Pronged Strategy

  • Build a public vehicle that can use full staking, restaking, and DeFi to maximize ETH yield.
  • Combine on-chain yield with public equity and debt markets to increase ETH concentration per share.
INSIGHT

Why Ethereum Is The Dominant Layer

  • Ethereum acts as the infrastructure layer that attracted the most capital and developer standards.
  • Its decentralized client diversity and 100% uptime make it the leading settlement layer for digital assets.
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