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Michael pfp
Michael
@opmichael
Another question about Degen L3. If $DEGEN is the native token, yet we are settling to Base/Ethereum, doesn't that mean constant sell pressure because we are constantly trading that DEGEN used in gas for ETH?
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binji πŸ”΄ pfp
binji πŸ”΄
@binji.eth
I used to think this but the reality is: - Market doesn’t care because fees are so low - sell pressure of other chains via distributed inflation of tokens is likely worse anyway
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Michael pfp
Michael
@opmichael
I feel like it would be much more powerful to have gas in ETH and use some % to buy back and burn the token, or even better to buy back and distribute the token with RPGF or grants
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