ethrd

Two questions that's been on my mind, would love people's thoughts here.

1. Does the moneiness of a derivative of ETH (eg LST) translates into the moneiness of ETH?
2. Does the moneiness of ETH translates into the moneiness of a derivative of ETH (eg LST)?

views are my own, protocol @ eigen labs; prev working on decentralization @ gitcoin, llama, stanford medicine.

Please expand ser. What is one example of the moneiness (moneyness?) of a derivative influencing the moneyness of ETH? What do you define as moneyness?

Robust Incentives Group @ Ethereum Foundation

https://rig.ethereum.org

I think that is my question as well. 1. How people define moneyness might be different and that is fine. 2. I do not see how derivative adds moneyness of the underlying asset, but maybe it does since the base asset is still need.

PS: Is that how you spell moneyness 😂 Good to know!

what

1. Yes I believe it's fine. I roughly think of moneyness as network effects (MoE)/what am I more comfortable to hold(SoV) principally I suppose, though I don't like to use abstractions that I haven't unbundled 😈
2. It's needed as collateral yes, but doesn't fulfil other functions at the same time

P.S: You taught me how to spell AVSes (=> AVS) so I am returning the favour :)