Eric SJ
灵魂不要陷入内争外斗丨站在Web3和美股的交汇处寻找下一个共识
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From Hyperliquid to Tether: 5 Verified Web3 Cash Flow Models
Web3 is not without business models. Five verified cash flow models: transaction fees, stablecoin reserve yields, funding rate spreads, block space sales, and infrastructure service fees, revealing how Hyperliquid, Ethena, AAVE, etc. make money.
Eric SJ
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