Reeeny
@reeeny
I just got a tax refund for about half a monthly salary to buy this dip! Now I am thinking if wstETH is actually the way to go or if I should take a higher risk. What would you do with some extra money?
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Stuart
@olystuart
Eth a solid bet here IMO. If it was me I'd also be looking at defi (Aave, Mkr, UNI mostly), or adding to Clanker and Bankr positions.
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Reeeny
@reeeny
Will clanker have a revenue share? That would be something I'd be interested in.
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Stuart
@olystuart
Not sure about that I think it depends on whether they think it would interfere with CEX listings but coins like AAVE and MKR are doing it and it seems okay so maybe it's possible now. Either way I expect their treasury to go largely into building their business and that should reflect on the token, just not sure the mechanism for that.
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Reeeny
@reeeny
Ooooh, I didn't know Aave and Mkr did it, is that the reason Mkr rebranded to Sky maybe? Clean slate and such?
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Stuart
@olystuart
Asked Grok, it says the Mkr/Sky buybacks are continued from 2023 Smart Burn Engine plan and were several million $ per month but grok doesn't have recent data. Taiki Maeda has talked about their system of different new sub-protocols which should return value to the main token. Aave said in March they would do $1 million buybacks weekly for 6 months. I guess these are indirect revenue sharing not direct.
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Reeeny
@reeeny
Thanks for looking it up. I appreciate it.
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