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@Samkazemian maybe good to watch this video to get a

perspective from market participants on the tech vs the token argument and maybe find (new) ways to position FXS as a token. The utility framing may be bearish as we seen with almost every utility token

https://www.youtube.com/watch?v=3N8TclGhdVc

I.e. even if fraxtal will be used more, TVL will increase and we have a bit more participation. It may not translate to FXS as a token

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I actually very much agree with this, especially with the LDO comparison because it is such a poor performer compared to the fact that it has a top 10 asset issued in stETH with $30B+ TVL. Which is why we should not at all talk about P/E DCF for FXS and the entire motivation for the token upgrade and making it a sovereign asset. Read this thread where I explain my own views: https://x.com/samkazemian/status/1850680110699180116

Life-with Louis Автор вопроса
Sam Kazemian ¤⛓️¤
I actually very much agree with this, especially w...

Oh yea I read that thread. That may be a good pivot tbh

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