BitMEX Founder Arthur Hayes Says Market Providing Stellar Entry Points for These Types of Protocols
Crypto veteran Arthur Hayes said he is looking for two key features when considering what the digital asset protocols are to invest.
The Bitmex founder's note on a new interview With the rollup he specifically looking for protocols with a track record of users who spend their own money for project services.
“They do not spend token releases. They spend their own stalls or other cryptos to be used as a product or service.”
In terms of a good example of this, Hayes cites hyperliquid (hype), a layer-1 protocol with a decentralized exchange (DEX) witnessing significant user growth and quantity in less than two years of existence.
The crypto veteran also said he was looking for protocols that provide ways to enrich their token holders.
“I wanted to see how I was paid. Is it a buyback token, is it a release, what's the scheme? There are all the different flavors depending on how you want to be a custom, but at the end of the day, I buy a token, I want some kind of APY, and then I can pick up APY and run some kind of financial testing.”
He criticizes the decentralized exchange (Dex) Uniswap (UNI), which he says is a specialized protocol that does nothing to reward its users.
https://www.youtube.com/watch?v=MZV-C2ujky
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