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What if Ethereum has abandoned speculation to bet on stability? Vitalik Buterin offers an unexpected strategic change: to make a low risk challenge the main economic engine of the network. It is a sober vision, far from the same and NFT, but potentially structuring. Like Google, whose research finances the ecosystem, Ethereum could find in this discreet but regular base a lasting basis. This supposed disturbance could redefine the priorities of the entire ecosystem.
Brief
- Vitalik Buterin warns the gap between speculative profitability and the founding values of Ethereum.
- It proposes to make low -risk DEFI protocols a central economic lever of the network.
- Stable yields offered by platforms like Aave could generate lasting income, without speculative excess.
- The strategy also includes the development of new forms of stablecoins, such as dishes or currency baskets.
Reconcile ethics and profitability: the bet on the low risk challenge
While Tom Lee considers Ethereum as the largest macro bet of the next 15 years, Vitalik Buterin reveals a growing fracture in the ecosystem in his post.
On the one hand, highly speculative applications (NFTS, same, trading) generate solid activity on blockchain and guarantee substantial income thanks to transaction costs. On the other hand, more aligned projects on the founding ideals of the network, such as decentralization, fair access or financial inclusion, find it difficult to obtain sufficient adoption for self-financing.
“This split has created a lot of dissonance in the community”writes Buterin in his article. To reconcile these two worlds, he highlights a concrete proposal: to make a low risk challenge a lever to generate a stable income for Ethereum, without compromising his ethical values.
He notably takes the example of the Aave protocol, where the rate of return for stabbing deposits remain reasonable but attractive. This type of crypto activity, although less flashy than leverage trading, has the advantage of generating regular and predictable costs. In this regard, Buterin made the following proposals:
- Interest rates of approximately 5% for stablecoins considered to be sure, as the USDT and the USDC;
- Yields exceeding 10% for higher risk stalls used in the same protocols;
- A more sustainable financial activity, deemed to comply with the founding principles of Ethereum, because it does not encourage excessive speculation on the crypto market.
“The income generator does not need to be a most revolutionary or exciting application in Ethereum. However, it must at least not be actively contrary to ethics or embarrassing ”He specifies. Thus, Ethereum can count on a solid economic basis without giving in to the sirens of excessive financialization.
A strategy inspired by Google, but designed for web3
Expanding his reflection, Vitalik Buterin establishes a bold parallel with Google. In his eyes, Ethereum could learn from the model of the technological giant but without reproducing his excesses.
“Google does a lot of interesting and precious things”, “ He recognizes, citing chrome browsers, pixel smartphones and Gemini AI models. However, he stresses that the vast majority of the company’s income comes from research and advertising, a model that prompted Google to adopt aggressive data collection practices, to the detriment of its initial values.
However, Buterin believes that Ethereum can do much better, precisely thanks to its decentralized structure, which makes it possible to reconcile financial and ethics success.
Buterin’s prospect goes beyond existing protocols. He also calls to explore monetary innovations such as cryptos indexed on a basket of currencies or trays, directly supported by consumer price indices.
The idea is to move away from a system too centered on the US dollar, in particular to meet the needs of populations living in countries with low income or high inflation, often poorly served by traditional financial systems. These assets could widen the impact of Ethereum while diversifying its sources of stability.
In a long -term vision, this strategy could allow Ethereum Crypto to secure a lasting economic basis, while avoiding the traps of surveillance capitalism. If low -risk deffi protocols become the standard, they could offer the network a form of economic neutrality, both functional, ethical and resilient.
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Diploma of Sciences Po Toulouse and holder of a Blockchain certification consultant issued by Ayra, I joined the Cointribuna adventure in 2019. Convinced of the blockchain potential This ecosystem in Constantie Evolution. My goal is to allow everyone to understand the blockchain and to seize the opportunities it offers. I strive every day to provide an objective analysis of adreity, to decorate market trends, to relay the latest technological innovations and to put into perspective the economic and societal En Marche Enjenes.
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The points of view, the thoughts and opinions expressed in this article belong only to the author and must not be considered as investment advice. Do your own research before making investment decisions.
