Nabukadnezar (@nabukadnezar) • Hey

opportunity seeker in DeFi

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**My investment thesis for the next five years:** The winning layer 2 will not have a token, not even for governance. I don’t see a future for $MATIC. Same for most DeFi primitives. The winning layer 2 will offer privacy, and it will allow some kind of composability with mainnet Ethereum. Most traders and investors will end up taking profits in $ETH, therefore governance tokens will go down in value. Their risk is just not worth it: users have not joined crypto just to change their rent extraction overlords, and they are too risky because of competition, bad tokenomics, and hacks.
*My thesis for the next few years:* The winning layer 2 will not have a token, not even for governance. Same for most DeFi primitives. The winning layer 2 will offer privacy, and it will allow some kind of composability with mainnet Ethereum. Most traders and investors will end up taking profits in $ETH.
Are we fine with my profile pic? I'm not sure I could do this on Twitter.