I don’t think ppl fully comprehend the network effects that Ethereum has in the developer community. There is so much more tooling for EVM development, and solidity in particular, than any other crypto developer platform in the world. It’s not even close. When it comes to building in this industry, Ethereum *is* crypto, blockchain, onchain, and anything else you want to call it. The idea that this won’t one day translate into immense value for the native asset is ridiculous. Eventually there will be so many things that you can do with ETH that it’ll have infinite use cases. All of that will lead to unprecedented digital provenance. This isn’t memetic. This is stone cold brand recognition. It’s moat building. The ticker is ETH frens. That’s it that’s all.

3 reasons why DeFi’s yield is superior: 1) DeFi yield is composable. You can stack and layer it. Build on top of it. Tap into it permissionlessly. This enables things like Trueo’s yield bearing prediction markets. Seamlessly tapping into DeFi to make our long dated markets more capital efficient. We can do that without asking anyone’s permission, and it falls outside of regulatory scope. 2) you can only access the “overnight/risk free rate” though a custodian that can play silly games with you. In DeFi, you answer to no one. Especially if the instrument has no blacklist capabilities like sDAI, yearn vault tokens, or Aave aTokens. 3) the “overnight rate” isn’t really overnight, redemptions take 30days. Secondary markets are liquid, but they too rely on custodians. In DeFi, you can withdraw at any given moment without permission. Put your money in, take your money out, and shake it all about. This may not matter to most of us 1st worlders, but it sure matters to the remainder of the planet.