EtherFi's valuation mispriced as neobrokerage
The bull case argued for EtherFi is that the market incorrectly values it as a liquid staking/restaking business, while over 65% of its revenue now comes from its neobank/neobrokerage product, suggesting a higher multiple is warranted.
Keep reading this one
You've read the thesis and who argued it. A free account opens the argument, what validates it, the risks the show raised, and the moment in the episode where it was said — 3 ideas in full a day, no card.