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Why ETH burns are treated as revenue 馃憞 Today: $9.25m in ETH gets burned. Future: $9.25m in ETH gets swapped to USDC on Uniswap & USDC is deposited to a treasury that's owned & governed by ETH holders.
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offchain governance is still governance startups tend to have way lighter governance structures than publicly listed companies but both have governance nonetheless
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L2s = pay gas in whatever token, and we'll swap it to ETH and make the payment to L1. L1 = pay gas in ETH, and we'll (instead of burning it) swap it to USDC and put it in our onchain treasury.
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blockchains are not companies, but they are businesses.
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the 4 biggest stablecoin issuers 2 of them have globally liquid governance tokens
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