The era of Ethereum staking ETFs recognized by institutions, 6 notable Ethereum ecosystem tokens to watch (Summary: Unique project value + transparent token distribution + deflationary mechanism + clear reward structure criteria) 1. $ETH ⭐️ Key investment points - Layer 1 standard for real-world asset (RWA) tokenization - Staking-based security and reduced gas fees (L2·EIP-4844) ❤️ Deflationary and reward structure - Net issuance after the introduction of EIP-1559 - Established a 'quasi-deflationary' structure with 332,000 $ETH (as of March 2025) 2. $MKR ⭐️ Key investment points - Core governance of the DAI stablecoin economy - Collateral and interest income → token value return ❤️ Deflationary and reward structure - 'Smart Burn Engine' to buy back and burn $MKR worth 230 million KRW weekly from excess DAI → expected monthly supply reduction of 0.7% 3. $AAVE ⭐️ Key investment points - Top lending protocol by TVL, supports multi-chain - Expansion of $GHO and institutional portfolios ❤️ Deflationary and reward structure - Umbrella Safety Module: directly burns aTokens in case of bad debts to minimize selling pressure on $AAVE • Weekly buyback plan of $1M worth of $AAVE (first 6 months) 4. $EIGEN ⭐️ Key investment points - Leading a new security layer called 're-staking' - Generating revenue through multiple AVS (Actively Validated Service) ❤️ Deflationary and reward structure - Rewards v2 upgrade: daily precision rewards, individual fee settings for operators - Slashing → strong deflationary pressure through token locking and burning - Season 2 stakedrop: transparent distribution of 5.2% (87M $EIGEN) from an initial supply of 15% 5. $UNI ⭐️ Key investment points - No. 1 in DEX market share, positive news for Uniswap V4 and UniChain - Expectation of fee-based cash flow ❤️ Deflationary and reward structure - The community is discussing the reactivation of the 'Fee Switch' Potential transition to a model that distributes part of over $1 billion in protocol fees annually to UNI holders 6. $LDO ⭐️ Key investment points - No. 1 in $stETH issuance, Liquid Staking token - Directly benefits from institutional staking demand ❤️ Deflationary and reward structure - 2024 proposal: 40-50% of Lido DAO revenue to be distributed weekly in ETH → LDO stakers to receive ETH cash flow directly ————— Why are these tokens promising? 1. Tokenization hub = expansion of fee pie - As real-world assets, government bonds, and real estate rapidly move to Ethereum, actual income in the form of gas fees, collateral, and interest is generated. - All 6 tokens above have a clear structure of income > token value return (burning, buybacks, revenue dividends). 2. Transparent supply and distribution - $EIGEN stakedrop, $ENS, $MKR, and other DAO operation reports are publicly available on-chain and in forums. - Investors can easily verify vesting and unlocking schedules, allowing for preemptive management of supply shock risks. 3. Deflation + rewards in parallel - Increasing scarcity through burning while simultaneously generating cash flow (ETH, aToken, fees, etc.) through staking and governance. - Similar to the "supply reduction + dividend growth" model preferred by traditional institutions, increasing the likelihood of ETF inclusion.