The best restaurant businesses buy the land on which they operate. The best DeFi businesses should do the same, accumulating Eth strategically in their treasury, the digital version of real estate.
Eth is going to be the only layer-one. A multi-chain world is really just an Ethereum + rollup world. We know that. It’s still an edge because of the large amount of dumb money in crypto. Let’s use our edge to make our system stronger.
Buyback and build is awesome. This proposal is just an extension of that. Why only buy our own equity (YFI) when we can buy back the land too. Eth is operational capital, a store of value, and yield generating.
However the lads want to do it.
For: Buy YFI and ETH with profits
Against: Only buy YFI with profits