important asset pegged to the USD? FXS is not a fee token, but one of the most important metrics to value a country is productivity? Like compare it with Denmark. Pegged to the EURO. If Denmark applied this logic, it simply would not function..?
Frax is just one product. The point of my post is the pivot the conversation away from just cash flows and think more holistically about total gdp. Even then you have to also account for monetary premium in the base asset which we should start encouraging
You and Sam are now sending mixed messages haha. GDP = revenue basically no?
I would like to chime in on how I see it: FXS, the king, should not be valued on revenues directly, but the value of the overall ecosystem, ie, FXS is the most valuable asset to the sustainability/growth of the ecosystem: Revenue: imo, revenue and revenue dashboards are extremely important bc it will help governance voters, the core team to understand what initiatives have panned out, where we, as a dao should exert more resources and, maybe, where we should hold back resources. I am very bullish of the narrative that profitability should not dictate the price of FXS, but, it should be used as data points for decisions.
There can be no true greatness without humility
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