I have one comment regarding your comment in BTC being non productive asset and I would say that even USD backed stables (USDC,USDT) are not productive in that sence either and might be even worse due to money printing and inflation although I recognize that it has very high demand from people.
I think there could also the use of frxBTC as truessary diversification for DAOs e.g Olympous( at least that my hope) especially since it is less correlated to ETH price.
also the market cap of WBTC is very big (23rd as of currently) so I would guess there’s that demand.
This is all a defend in favor to BTC since I like it much and might be biased. In the end market will decided.
I have one comment regarding BTC as non productive asset and I would say that even USD backed stables (USDC,USDT) are not productive in that sence either and might be even worse due to money printing and inflation although I recognize that it has very high demand from people.
I think there could also the use of frxBTC as truessary diversification for DAOs e.g Olympous( at least that my hope) especially since it is less correlated to ETH price.
also the market cap of WBTC is very big (23rd as of currently) so I would guess there’s that demand.
This is all a defend in favor to BTC since I like it much and might be biased. In the end market will decided.
Very nice article,
I am just starting to explore Frax protocol.
I have one comment regarding your comment in BTC being non productive asset and I would say that even USD backed stables (USDC,USDT) are not productive in that sence either and might be even worse due to money printing and inflation although I recognize that it has very high demand from people.
I think there could also the use of frxBTC as truessary diversification for DAOs e.g Olympous( at least that my hope) especially since it is less correlated to ETH price.
also the market cap of WBTC is very big (23rd as of currently) so I would guess there’s that demand.
This is all a defend in favor to BTC since I like it much and might be biased. In the end market will decided.
Very nice article,
I am just starting to explore Frax protocol.
I have one comment regarding BTC as non productive asset and I would say that even USD backed stables (USDC,USDT) are not productive in that sence either and might be even worse due to money printing and inflation although I recognize that it has very high demand from people.
I think there could also the use of frxBTC as truessary diversification for DAOs e.g Olympous( at least that my hope) especially since it is less correlated to ETH price.
also the market cap of WBTC is very big (23rd as of currently) so I would guess there’s that demand.
This is all a defend in favor to BTC since I like it much and might be biased. In the end market will decided.