Arthur Hayes, a crypto veteran and investor in digital assets says that he is looking for two key features to consider when deciding on which protocols to invest.
The BitMEX co-founder explains in an interview with The Rollup, that he looks at protocols where users have spent their money on the services of the project.
Hayes cites Hyperliquid as a great example. It is a layer-1 protocol that includes a DEX (decentralized exchange) and has seen significant growth both in terms of users and volumes within its two-year existence.
Crypto veteran says that he also looks for protocols which provide ways of enriching their token holders.
“I’d like to know how much I get paid. What’s going on? Is this a token purchase, an emission or some other scheme? “There are many different types of incentives depending on what you’re trying to do. But at the end, I just want a certain APY. Then I can use that APY for some financial analysis.”
He says that the protocol Uniswap, which is a decentralized exchange DEX (UNI) created by experts but does not reward users in any way.
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This article BitMEX founder Arthur Hayes says market providing stellar entry points for these types of protocols appeared first on the ICD.
