Crypto veteran Arthur Hayes says that he is looking for two main characteristics when considering which digital asset protocols they should invest.
The BitMex founder is notes in a new one interview With the role he specifically looks for protocols with a track record of users who spend their own money for the services of the project.
“They don’t spend token emissions, they spend their own stables or other crypto to use as a product or service.”
In terms of a good example of this, Hayes Hyperlowiquid (Hype), a Layer-1 protocol with a decentralized exchange (DEX) that has seen a considerable user and volume growth in its less than two years of existence.
The crypto veteran also says that he is looking for protocols that offer ways to enrich their token holders.
“I want to see how I am paid. Is it a token buy, is it an emission, what is the schedule? There are all different flavors, depending on how you want to stimulate behavior, but in the end I buy a token, I want a kind of apy, and then I can take that apy and perform a kind of financial analysis.”
He criticizes the Decentralized Exchange (Dex) Uniswap (Uni), which he says it is a professionally made protocol that does nothing to reward his users.
https://www.youtube.com/watch?v=MZV-cl2ujky
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