Steven Pack

So there's going to be a sort of, I think, a neutral standard layer that models portfolios.

And what is that today?

It's vaults.

It's vaults.

ER626, or for us, 7540, which is the asynchronous version of some benefits.

I just think we're going to see an extreme amount of growth in the vault space.

That's one of the reasons we're in it.

you know, there are lots of reasons, but some of that is as simple as that, that it's like, it's already sort of the established integration layer.

It's almost like the TCP IP of on-chain finance or of FinTech 3.0.

Well, I'm an eath maxi, but not just from ideological reason.

I actually think that will win.

So this is where all of the talk of decentralization, right?

It's not just a kumbaya around the campfire.

It's that if you're going to settle billion dollar trade, you need to, if you're not running the servers and you're not like, don't have a business to business relationship with your counterparty, then you better trust that the settlement layer is credibly neutral.

And Ethereum has by far the best guarantees for that.

So I think it is the default choice.

It had an issue for a while with fees and with throughput, gone.

Fees are nothing and throughput is rapidly growing.

It's going to rapidly grow this year.

L2s are still available if necessary.