xPrzcJoe
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Today on @legiondotcc one of the most interesting DeFi sales is launching @newmichwill. While many focus on the supposed victory over Impermanent Loss (IL), I think the story goes much deeper.
🧵 Here’s why Mike Egorov didn’t defeat IL, but instead created a new DeFi primitive.
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Ronin is coming home to Ethereum.
Ready Layer Two ⚔️
Four years ago, we built Ronin because Axie Infinity needed a faster, more efficient network. Ethereum was still early in its scaling roadmap. Necessity was the mother of our invention.
However, things are different now. Ethereum is BACK. Transaction costs and speeds are better than ever. We’re early to a new era of growth, and Ronin is ready to rise.
Gaming will always be in our DNA, but we’re setting our sights on fulfilling a larger prophecy: becoming the gamification engine of Ethereum.
Ronin will become a full-fledged, Ethereum-aligned L2 by next year, and this is how it’s going to happen 👇
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let me spell it out for you:
if BlackRock says only ETH and BTC get ETFs for now,
then it is somewhat likely that ETH and BTC are the only cryptoassets which most people will be able to buy in their retirement funds (via Trump’s new EO) without jumping through significant hoops
it is also very likely ETH and BTC are the only cryptoassets financial advisors will risk recommending to their clients to any significant degree
i feel the need to say this before the alt-L1 VC psyops start
thank you for your attention to this matter
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