X @Ignas | DeFi

• Layer 2s acquire $ETH for their treasury.- The treasury is owned by L2 token holders, such as $ARB or $OP.- L2 tokens are sold for $ETH until assets under management align with the L2 token market cap.- L2 tokens become investible.Implementing a strategy playbook for L2s is a smart move :)Problem 1: L2s don't generate enough fees to buy back enough $ETH, but selling L2 tokens works.Problem 2: Can token holders efficiently manage the $ETH treasury within a DAO model?RYAN SΞAN ADAMS - rsa.eth 🦄 (@RyanSAdams ...