$yhc owns compound finance
few understand
the real benefit of the ETH treasury orgs (like SBET, BMNR, etc.) is the flywheel effect:
by accumulating so much ETH, they will be highly motivated to use it as onchain collateral, either in staking or in other DeFi operations
they are literally bootstrapping the programmable store of value use case for Wall Street. take this alongside the rise of stables and we could quite easily see trillions in liquidity come to Ethereum L1 and L2 in the next year
sure, there is risk that some may end up being forced to sell at some point, but there is also incredible flywheel potential here for ETH and the entire onchain economy on Ethereum
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