Gm and Happy Monday! This week, Dan Smith, a Lead Blockworks Researcher and Jonah Weinstein, a Portfolio Manager of SkyCatcher, join Jason to dive into the timely conversation about which metric is better/best to evaluate L1 tokens – REV or RSOV?
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Chapters:
00:00 - Intro
02:31 - Why Do We Need Better Valuation Frameworks?
05:00 - What’s Wrong With The Metrics Today?
08:07 - What’s The Proper Reference Point To Understand Value?
09:33 - Are L1 Tokens Money?
11:10 - Ads (Skale Marinade)
12:48 - Is A L1 Token A Commodity Or Company?
19:32 - Why RSOV Valuation Is So Important
23:48 - Ads (Skale Marinade)
29:07 - Valuation Litmus Test
31:38 - RSOV & Capital Inflows
37:53 - What’s REV?
42:58 - RSOV’s Valuation Mechanism
44:43 - Where RSOV and REV differ
47:27 - If Native Assets 10X, Do The Hotspots?
49:05 - Ads (Falcon x, LEDN)
50:52 - Monetary L1 Premium Factor In?
55:36 - RSOV vs REV Valuation Trends Over Time
01:00:49 - How Does Staking / DeFi Deposits Impact Valuation?
01:02:47 - PE Values In RSOV
01:05:25 - Audience Question From Telegram
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the comp