@0xsisyphus : There is an ETH cash flow metric too, but I think somewhat disingenuous As follows: "ETH yields 6.5-7.5% on staking. That implies 13-15x P/E, which is cheap for convex asset" Issue with this is staking is nonrecurring/activity-driven. Bull case is we in an activity trough rn • TwiCopy

Sisyphus

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Sisyphus

@0xsisyphus

3 years ago

There is an ETH cash flow metric too, but I think somewhat disingenuous As follows: "ETH yields 6.5-7.5% on staking. That implies 13-15x P/E, which is cheap for convex asset" Issue with this is staking is nonrecurring/activity-driven. Bull case is we in an activity trough rn

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