We think about DeFi next season, when ETH switches to Pos with an earn of 4%/year and creates the Lido trend with the stETH product. Step 1: Deposit savings in ETH to Lido to earn 3.6% interest and receive a certificate of deposit of stETH. Lido will take that ETH and plug it into a 32ETH validator to earn 3.9% interest. There will be LidoA, lidoB, lidoC,... to create valuable papers saETH, sbETH, scETH Step 2: Take valuable papers such as stETH, sbETH, scETH,... and deposit them in savings (re- Stake) to earn interest. The interest payment unit will return the certificate of deposit which is stETHx, sbETHx, scETHx,... The source of money to pay interest is from their lending (like banks), they can lend to exchanges (additionally). liquidation), Token lending, Non-Fungible Token lending,.... Step 3: The valuable papers stETHx, sbETHx, scETHx,... can be saved again (re-re- Stake). The interest payment unit will continue to pay the certificate of deposit which is stETHxy, sbETHxy, scETHxy,... The source of money to pay interest is from their lending (like banks), they can lend to exchanges (additional liquidation), Token lending, Non-Fungible Token lending,.... Steps 4,5,6,7.... => The problem will not happen if the other steps are not hacked, the interest payment sources are not broken, the re- Stake platforms are not exploited, users do not withdraw money so quickly that the platforms become useless. keep. */ Summary: - 1ETH is still 1ETH - 1ETH has its TVL increased many times. - Exchanges, LP pairs, stablecoins, Token can use ETH Derivative to generate or create value. - Bank stocks (re- Stake) skyrocketed. - Founders are naturally rich because they become bankers and hold other people's ETH freely, lending it to anyone they like, even lending their own group of stocks at high valuations. - Vitalik, with his move to POS ETH , will be called "the creator of the ponzi bomb"