Degen

GM Degens,

With all the talk of the exchange listings happening this month, it builds hype around the token and new liquidity ramps, all of which is good.

But the real story still is likely to be the future on the L3.

When do you think the 🎩 L3 will come into the picture?

I have a thesis about post-downtime Degen Chain

I believe that tip-to-token is a huge unlock, and that the first sign of a turnaround on DL3 will be the adoption of a new, DL3 native token that users can mint with tips, or buy on markets. This token will drain attention & liquidity away from the low-fee, farm-to-dump tokens that are attracting most tips currently. If users want to acquire this token for good reason, other users will too. This will staunch outflows, and encourage bridging.

Once this asset helps turn the tide, products and experiences will drive many more users. Neither those products or that asset should be extractive to Degen the token, or Degen the chain, though the latter is most important. 

This asset will be denominated in Degen initially, and also attract liquidity providers to increase WETH & stablecoin pools on the network.

stay tuned for a longer form of this thesis, where I lay out the argument!

founder /openventures | /proxyswap | tokenbot @clanker

good food for thought. thanks.
420 $DEGEN