Ethereum

If ETH is money and a store of value, why don't L2 DAOs hold any?

How can we claim ETH is money to the world when the most "aligned" organizations in our ecosystem don't hold it themselves?

Correction: I was wrong to say none of the L2 DAOs hold ETH. Big thanks to @cupojoseph for pointing this out! (note to self don't tweet before coffee lol) 

Huuuuge props to ZKsync for leading with 12.3% of their treasury in ETH, and also to Mantle and Arbitrum for holding some ETH as well

Here’s what I found on @DeepDAO_io:
Mantle: $4.6B, 6.2% in ETH
Optimism: $4.3B, 0% in ETH
Arbitrum: $3B, 1.3% in ETH
ZKsync: $366M, 12.3% in ETH
Polygon: $203M, 0% in ETH

(treasury sizes don’t reflect liquid value due to illiquid tokens)

/ethereum foundation | opinions are my own but more than likely they come from Vitalik's blog paragraph.xyz/@chaskin

I like "ETH is the onchain electricity" narrative more than "ETH is money" narrative.