What if Ethereum abandoned speculation to bet on stability? Vitalik Buterin offers an unexpected strategic turn: to make low -risk DEFI the main economic engine of the network. It is a sober vision, far from the same and nft, but potentially structuring. Like Google, whose research finances the ecosystem, Ethereum could find in this discreet but regular strategy a lasting basis. This assumed rupture could redefine the priorities of the whole ecosystem.
In short
- Vitalik Buterin alerts the fracture between speculative profitability and the founding values of Ethereum.
- It proposes to make low -risk DEFI protocols a central economic lever for the network.
- The stable yields offered by platforms like Aave could generate lasting income, without speculative excess.
- The strategy also includes the development of new forms of stable currencies, such as flatcoins or baskets of currencies.
Reconcile Ethics and Profitability: the bet of the low risk defect
While Tom Lee sees Ethereum as the largest macro bet of the next 15 years, Vitalik Buterin reveals in his ticket an increasing fracture within the ecosystem.
On the one hand, the highly speculative applications (NFT, same, trading) generate strong activity on blockchain and provide substantial income via transaction costs. On the other hand, projects more in tune with the founding ideals of the network, such as decentralization, fair access, or even financial inclusion, struggle to achieve sufficient adoption to self -finance.
“This disjunction has created a lot of dissonance in the community”,, writing Buterin in his publication. To reconcile these two worlds, he put forward a concrete proposal: to make low -risk deffi a stable generation of revenue for Ethereum, without compromising his ethical values.
In particular, he takes the example of the Aave protocol, on which the rate of return for stablecoins deposits remain reasonable while being attractive. This type of crypto activity, although less flamboyant than leverage trading, has the advantage of generating regular and predictable costs. As such, Buterin did proposals following:
- Interest rates around 5 % for stablecoins considered as safe, as USDT and USDC;
- Yields exceeding 10 % for higher risk stablecoins, used in the same protocols;
- A more sustainable financial activity, considered in accordance with the founding principles of Ethereum, because it does not encourage excessive speculation on the Crypto market.
“The income generator does not need to be the most revolutionary or exciting application of Ethereum. However, it must at least not be actively contrary to ethics or embarrassing ”he specifies. Thus, Ethereum can rely on a solid economic basis, without giving in to the sirens of excessive financialization.
A strategy inspired by Google, but thought for the web3
By widening his reflection, Vitalik Buterin establishes a bold parallel with Google. In his eyes, Ethereum could learn from the technological giant model, but without reproducing the drifts.
“Google does a lot of interesting and precious things”he recognizes, citing chromium browsers, pixel smartphones or gemini AI models. However, he stresses that the vast majority of the company's income comes from research and advertising, a model that has prompted Google to adopt aggressive data collection practices, to the detriment of its initial values.
However, Buterin believes that Ethereum can do much better, precisely thanks to its decentralized structure, which makes it possible to reconcile financial and ethical success.
Buterin's prospect goes beyond existing protocols. He also calls to explore monetary innovations such as cryptos indexed on a basket of currencies or flatcoins, backed directly to consumer price indices.
The idea is to get out of a system that is too centered on the US dollar, in particular to meet the needs of populations living in low -income or high -inflation countries, often missed by traditional financial systems. These assets could widen the impact of Ethereum while diversifying its sources of stability.
In a long -term vision, this strategy could allow Crypto Ethereum to secure a lasting economic basis, while avoiding the traps of surveillance capitalism. If low -risk deffi protocols become the standard, they could offer the network a form of economic neutrality, both functional, ethical and resilient.
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