Bought a stupid amount of ethereum:0x6985884c4392d348587b19cb9eaaf157f13271cd following
@AviFelman interview of
@PrimordialAA.
Will lay out my thesis with bullet points since no one reads paragraphs anymore:
• Tokenize everything mega trend
• LayerZero is winning a winner take all race (you don't want multiple standards) the same way Amazon won ecommerce through their API models
• Brian is incredibly smart and eloquent. Only founders giving me this kind of feeling were Hyperliquid Jeff and TN Pendle
• Citadel, DTCC, ICE, Sequoai, a16z and every major tradi institution are either buying or holding ZRO
• They'll need it to deploy front-ends on Atlas and get fees rebate (up to 1% of ZRO total total is needed for max discount)
• Lots of revenue streams and buybacks to come: ATLAS trading fees, payment fees, priority fees, MEV, LZ messaging protocol fees (post switch)
• Staking = reduced circulating supply
• Unlocking tokens aren't sold. Sign holders are bullish.
• ZRO isn't liquid onchain for now. It will be once Zero mainnet goes live
• Crypto natives are sidelined, massively. Avi podcast brought the light of all the developments LZ team has been working on for years
• People will either compare ZRO to HYPE or LINK. Will inevitably lead to rerating up in both cases (Hyperliquid wants to replace the existing financial stack with an open alternative while TLAS wants existing financial businesses to adopt a new onchain stack)
It's now my biggest alt position. Coffee can potential.
Wouldn't be surprised if it goes to 10$ IF Brian executes on his vision and go to market strategy is successful with tradfi giants.