Celo saved $7 million a year after switching from an L1 to L2 while gaining Ethereum's finality.
NEAR could save $150 million a year by becoming an L2, as well as gaining the full finality of Ethereum.
@NEARProtocol hit me up
Putting things in perspective: at current prices, NEAR spends around $150m per year to secure its network.
What exactly is it securing?
- $225m in stablecoins
- $93m in TVL
- $2.7M in annualized fees
I studied physics, so I'm no economist but that looks a lot like overspending to me.
Reducing that amount seems more than reasonable: I'm FOR the proposal.

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