Ether's State of Matter
Ether can be viewed through the lens of physical states, where locking it acts like freezing, significantly reducing its liquidity. Staking and DeFi applications illustrate this concept, as locked ether remains largely immobile, creating a 'cold store of value.' Even in systems like MakerDAO, where ether is collateral, it remains inaccessible for immediate transactions, emphasizing its role as a long-term asset rather than a fluid currency.In this clip
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SotN #44: Modeling Ultra Sound Money | Justin Drake
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