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![YuliaXAUUSD Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1837889258931343360.png) Yulia [@YuliaXAUUSD](/creator/twitter/YuliaXAUUSD) on x XXX followers
Created: 2025-07-16 11:38:15 UTC

Three major catalysts: key nodes to trigger the market
X. EIP-7623 protocol upgrade (2025Q4)
Core changes: Increase Calldata storage costs → Increase L2 settlement income

Beneficiaries:
→ Lido: Annual income +$320 million
→ Rocket Pool (RPL): Annual income +$110 million

X. Pledged derivatives explode
Real World Asset (RWA) channel:
BlackRock plans to issue ETH pledge ETF (submitted to SEC), expected to attract $X billion in incremental funds

On-chain leverage tools:
EigenLayer re-pledge TVL exceeds $XX billion, creating secondary income stratification for pledge agreements

X. Regulatory "safe harbor" landing
The US SEC may define pledge services as non-securities business (refer to Coinbase's lawsuit victory in 2024), eliminating valuation suppression

💎 Core targets and tactical configuration
X. Head protocol: "cash cow" seeking explosion in stability

LDO 3.0X 1.2X 4X Market share XX% + institutional cooperation network

RPL 2.8X 0.9X 6X decentralized premium + small market value elasticity

FXS 4.1X 1.5X 5X full-chain stablecoin settlement income

X. Dark Horse Protocol: "Turbocharger" with high odds

StakeWise (SWISE):
→ Focus on institutional pledge services, clients include Fidelity and Jump Trading
→ Valuation PS = 1.1X (market value $XXX million), if the national fund cooperation order is obtained, PS can be revalued to 8X

Frax Finance (FXS):
→ frxETH pledge income annualized growth rate 92%, RWA bondization is about to go online

X. Hedge portfolio: respond to volatility storms
Long-short pairing strategy:
Long LDO/RPL (ETH treasury core assets)
Short MARATHON (MARA) and other Bitcoin mining companies
Ratio 2:1, hedge BTC volatility risk

Volatility capture:
Buy ETH December $XXXXX call option + Sell LDO December $XXX call option
(Bet on ETH rise but LDO excess return)

ETH Treasury shares are a trio of cash flow reconstruction + valuation paradigm revolution + regulatory dividends. The conditions for replicating the 10x market of Bitcoin mining stocks in 2025 are in place. Focus on the three core targets of LDO/RPL/FXS, build positions in batches before the EIP-7623 upgrade and the approval of the pledged ETF, and wait for the wave of value discovery.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945447884905910438/c:line.svg)

**Related Topics**
[fund manager](/topic/fund-manager)
[rwa](/topic/rwa)
[lido](/topic/lido)
[coins storage](/topic/coins-storage)
[protocol](/topic/protocol)
[blackrock](/topic/blackrock)
[stocks financial services](/topic/stocks-financial-services)
[stocks bitcoin treasuries](/topic/stocks-bitcoin-treasuries)

[Post Link](https://x.com/YuliaXAUUSD/status/1945447884905910438)