Yuval Rooz

At the moment, it's not.

And CFOs and controllers do projections in US dollars or fiat.

It's just a reality.

So the amount of Canton coins that you burn are always denominated in US dollars.

So as Canton coins rallies, you would have to pay less Canton coins for a transaction.

But there is a mechanism in Canton, which is called the burn mint, which is effectively says, if you don't burn enough where the price is, effectively the chain is very inflationary, which should correct the price down to where is the right equilibrium of the current utility in the network to the valuation of the network, if that makes sense.

So if the price starts depreciating, but utility stays at the same level,

the network effectively becomes deflationary and hopefully you get an upward pressure.

And really over time, the reason why we decided that is because we said, if we don't bring utility to this network, we think that the market cap of this network should go to zero.

That's our view, which is very counter to how some of the networks that I would say don't even process $100,000 of fees a year, you know, have some crazy valuation.

To me, that is not good for our industry.

it creates a false dichotomy of what we're trying to solve.

So Canton coin is a utility to pay for transactions.

The transactions are denominated in US dollar and there is a burn mint equilibrium to try to bring the price or the market cap of the chain to some kind of an equilibrium value compared to the utility that runs on the network.

Man, why didn't you send this to me in advance?

So, you know, I think that in 2030, what we're going to see is that DeFi on Ethereum does it atomically from assets that have been, you know, minted on Canton.

And that freedom and access to assets could be interoperable between those two networks.

I think that you're going to see Ethereum continue to build upon.

I think that you will see certain elements of privacy gets introduced in different forms.

And I think that Canton will be driving, you know, not $300 billion, but potentially a few trillion of dollars of settlements every day.