Ignas Says Ethereum Fees Could Help Make Ether Deflationary

DeFi researcher Ignas said transaction-fee burns could help make Ether (ETH) deflationary, while arguing Ethereum’s store-of-value case also draws on staking yield, privacy features and collateral use. Ignas said ETH may be more suitable as a store-of-value asset than Bitcoin (BTC) and ZEC. He pointed to native staking yield and privacy features on Ethereum’s roadmap as potential advantages. He said Bitcoin and ZEC holders typically need wrapped assets or must rely on banks or centralized exchanges to use those assets as loan collateral. ETH, by contrast, can be used as collateral and exchanged on Ethereum, Ignas said. Ignas said his support for a store-of-value focus did not reflect a belief that Ethereum’s base layer could never generate enough fees to support ETH deflation.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.