THE SINK L2: SOLVING LONG-TERM VALUE ALIGNMENT

Summary from the TLDR Crypto newsletter

Most general-purpose L2s are like retail brokerages, with little differentiation and non-unique applications. Introducing native yield allows L2s to monetize based on assets under management instead of sequencer fees. The Sink has two primitives – a V2 DEX with bribe mechanisms and a CDP with a stake-able stablecoin – to offer high, scalable yields. The idea is similar to Berachain and Blast combined.