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Coop
@coopahtroopa.eth
We value crypto projects by the amount of ETH locked inside a product or protocol. Then we value its native token as a multiple on that ETH locked. Now - does that ETH or token need to actually do anything? For all intensive purposes... no. Strange world we live in.
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Chinmay πΉοΈπΏ
@chinmay.eth
These are speculative valuations. This is exactly how stocks were valued in the early days.
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β antaur γ
@antaur.eth
What if what it 'does' is acting as a magnet creating a magnetic field Good LPs = attracting attention, energy, intention etc. for long-term Bad LPs= repelling the above too fast and trapping toxic energies Not well thought out, but how does this resonate?
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Zenigame
@zeni.eth
This just means we're still early (unironically) cause we're using a rough proxy metric to measure value.
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car π
@cxs
Feels like weβre playing high stakes poker with these valuations Curious to see if it evolves to prioritize functional utility and real-world applications, or will speculative metrics continue to dominate
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Apurv
@apurvkaushal
For at least some products though ( Base with native yield etc.) , it does make sense as its like a treasury generating real returns on the investment. And # active wallets is a better metric for other consumer facing products imo ( excluding bots which is tough..)
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