X @Ignas | DeFi

L2 Strategy & Tokenomics - L2s face challenges in generating sufficient fees to buy back enough ETH, suggesting a need for alternative strategies like selling L2 tokens [1] - Selling L2 tokens can help L2s acquire ETH for their treasury [1] - L2 tokens are sold for ETH until assets under management align with the L2 token market cap, making them investible [1] Treasury Management & DAO - The treasury, containing ETH acquired by L2s, is owned by L2 token holders (e.g., ARB, OP) [1] - Efficient management of the ETH treasury within a DAO model is a key consideration [1] Strategic Imperatives - L2s should compete to own ETH, the asset they are building on [1] - The industry emphasizes the importance of L2s owning ETH to prevent Wall Street from acquiring it all [1] - ETH is viewed as a world reserve asset [1]