Steven Pack

So I think for our world of like, you know, on-chain asset management, I think Ethereum.

I do think there'll be a world where, you know,

either purpose-built L1s or L2s do work for niches like high-frequency payments, high-frequency trade, maybe not high-frequency trade, but like specific things, you know, may go elsewhere.

But I think like large volume, like large transaction value DeFi, that will happen on Ethereum.

Yeah.

Yeah.

Well, personally, all of our vault strategies have been rock solid during this time.

So that's something I'm really proud of.

Yeah, price action has been disgusting.

I don't pretend to be like a macro know-it-all, but I guess some of the trends that have seemed to happen in the past have been when there's lots of dollar liquidity in the world, that flows to risk assets.

And when there's not, it's not.

And the charts I see on Twitter seem to show like we're at a low-ish point of dollar liquidity, but that it's starting to pick back up.

So I personally don't see any reason why things won't improve from here.

Think like US economy strong, global economy strong.

There's an improving regulatory outlook for crypto all around the world.

There's just a lot of money that was restricted from going on chain that is less and less restricted from going on chain.

I personally think it's temporary in terms of crypto market cap total.

Like I think for altcoins that have no reason to exist, now I'm not going to go into bat for those, but I think for the types of protocols that we talked about today,

Yes.

Yeah, I still think there's a bright future.