Original author: Korpi, DeFi Degen
Original Compilation: Ashley, Rhythm BlockBeats
This article is based on the views of DeFi Degen Korpi on his personal social media platform, which is compiled and translated by BlockBeats as follows:
Some people think that ETH will be smashed after the Merge is completed, because 12 million ETH will be unlocked and sold after the Merge is completed. But I think this view is wrong for three reasons:
1. The pledged ETH will not be unlocked during the merge process
2. The unlocked ETH will be released slowly
secondary title
1. The pledged ETH will not be unlocked during the merge process
secondary title
2. The unlocked ETH will be released slowly
Even if holders can withdraw ETH freely, all ETH cannot be withdrawn immediately. The release process is slow, generally taking months to complete the unlock, and it may even take more than a year.
secondary title
3. The ETH used for pledge is regarded as real estate
Now ETH pledge does not know when it will be proposed, so who would voluntarily pledge under such uncertain circumstances? Undoubtedly an ETH believer.
Most people who stake ETH are long-term investors and they are in no rush to sell, especially now that the price of ETH is lower.
Short-term investors prefer more liquid pledge schemes, such as Lido. I used Nansen and Etherscan to find that the proportion of this type of ETH pledge is only 35%.
Summarize:
Summarize:
I don't think the unlocking of ETH will cause a lot of selling, because the unlocking process will take months and will be released slowly, and most stakers will not sell because of it.
