probably controversial, but i believe that $REN has an economic model problem

bonded value (B) is supposed to be 3x greater than locked value (L)

but today B is $49M, while L is $385M

so B/L is 0.127
not anywhere near 3 https://twitter.com/shomakishi/status/1344933852888838144

i dont believe that they can ever get off greycore

inb4 narrative pivot that greycore is decentralized enough and good enough

tbf, i dont keep up with the project

all i know is that they are a great way of getting hacked funds within Ethereum out as BTC

as far as i understand it, its a catch-22 situation

if B/L is large, it cannot generate enough fees for it to be rational

if B/L is low, then the network isnt economically safe