11:11 PM

TIA Thoughts

ceteris
ceteris

There was a good discussion on TIA in the Pro chat and I felt worthy to repost it here:

zen master: Lot of positive takes about TIA on timeline including by Jon (ex-Delphi). Does anyone here have a strong take on its current state?

facundo (delphi): I don’t want to assume bad intentions and think Celestia is paying CT influencers to hype up TIA, i don’t think so tbh, but I can’t be bullish at this val. Around $4M worth of TIA unlocks daily, and insiders can sell staking rewards from locked tokens.

What’s the bull case for TIA, tho? Even if Celestia becomes the dominant DA provider for major rollups in the next 5 years, users wouldn’t even realize they’re using it. so if they don’t need to hold TIA surplus, their entire economy collapses.

One could argue that low fees can support a solid business model, as SOL has proven, but Celestia is different since it doesn’t execute transactions, the part of the modular stack that generates the most fees.

Those who bought TIA expecting juicy airdrops from staking are down bad and haven’t received any. I’m only holding it (from the airdrop) for a potential Initia airdrop, but that’s it.

New L2s claiming to use Celestia for DA aren’t actually doing so, just misleading marketing.

That said, I’m a terrible trader. Maybe this is a good entry, and I’m wrong. The tech is solid, no doubt, but good tech ≠ good business model. Just look at how muc

...