
this is an L take on $NET. i am not even a holder and faded for exactly the same reason as stephen outlined below. unlike $OHM, the $NET treasury is not made up of emission … it actually bulked by RWA like $NVDA. these are juggernaut assets that will continue to grind up with broader AI. couple that with the tokenised leverage offered by @NetNetCap you have an OHM style protocol that is hedged on RWA stocks. imho, that is very different product that can yield very different results. we midcurved but that doesn’t mean we lament because then we stifle innovation.