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TechFlow news: Zhu Su, founder of Three Arrows Capital and OPNX, posted on X saying that Ethereum meme coins are relatively weak because Ethereum participants compare earning 20-40% restaking yields with buying ERC20 tokens as a way to stack Ethereum, and on a risk-adjusted basis choose only to stake. This situation will change as yields converge back to Beacon Chain levels.
Zhu Su, founder of Three Arrows Capital and OPNX, posted a tweet stating that Ethereum memecoins are relatively weak because Ethereum participants compare earning 20-40% restaking yields against buying ERC20 tokens as a way to stack Ethereum, and on a risk-adjusted basis choose to stake only. This will change as yields converge back to beacon chain yields.
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