BitMEX Founder Arthur Hayes Says Market Providing Stellar Entry Points for These Types of Protocols
Crypto veteran Arthur Hayes says he appears to be like for 2 essential options when contemplating what digital asset protocols to put money into.
The BitMEX founder notes in a brand new interview with The Rollup that he particularly appears to be like for protocols which have a observe document of customers spending their very own cash for the venture’s companies.
“They’re not spending token emissions, they’re spending their very own stables or different crypto to make use of as a services or products.”
By way of a superb instance of that, Hayes cites Hyperliquid (HYPE), a layer-1 protocol with a decentralized change (DEX) that has witnessed vital person and quantity progress in its lower than two years of existence.
The crypto veteran additionally says he appears to be like for protocols that present methods to complement their token holders.
“I wish to see how I’m getting paid. Is it a token buyback, is it an emission, what’s the scheme? There are all totally different flavors relying on the way you wish to incentivize habits, however on the finish of the day, I purchase a token, I need some type of APY, after which I can take that APY and run some type of monetary evaluation.”
He criticizes the decentralized change (DEX) Uniswap (UNI), which he says is an expertly created protocol that doesn’t do something to reward its customers.
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