options skew is rewriting assumptions about treasury policy

Historically, stretches where restaking leads without support from cold storage trends invite sharper reversals.

In practice, sanctions screening and liquid staking interact before price fully reflects either one.

Put beside current chatter on “Can Elon Musk’s $119 Billion Terafab Chip Plant Pay Off Without Outside Customers?,” the incentive problem looks clearer.

The loudest story is not always the decisive one.

Stay close to what users and balance sheets are actually doing.

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