In Arthur Hayes’ Five Ducking Digits he proposes a framework to valuate ETH as a bond post the Merge. This article offers an update of that valuation based on updated Ethereum’s official PoS staking yield.As a tradfi banking analyst (i.e. I follow the banking sector), my daily job has been following the fundmantal trends and reflect them in my valuation models. https://twitter.com/mishleeeeConclusions from my exercise:The staking income offers good buffer for the ETH investment in USD term sh...