Celo saved $7 million a year after switching from an L1 to L2 while gaining Ethereum's finality. NEAR could save $150 million a year by becoming an L2, as well as gaining the full finality of Ethereum. @NEARProtocol hit me up
20h ago
Putting things in perspective: at current prices, NEAR spends around $150m per year to secure its network. What exactly is it securing? - $225m in stablecoins - $93m in TVL - $2.7M in annualized fees I studied physics, so I'm no economist but that looks a lot like overspending to me. Reducing that amount seems more than reasonable: I'm FOR the proposal.
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