“On one hand inflation redistributes ownership of the network to those who stake, but it simultaneously decreases the dollar-denominated fee yield (paid in sUSD) per SNX over time. The problem with this is that it creates constant downward pressure on the price of the SNX token,” he added.
Grayscale’s GBTC Sees Inflow for First Time Since Bitcoin ETF’s January Debut
While the Friday inflow ends the streak of net GBTC withdrawals, BlackRock's iShares Bitcoin Trust (IBIT) is challenging the fund...