Scott|Oct 28, 2026 13:11
ethereum:0x0c1c1c109fe34733fca54b82d7b46b75cfb71f6e now does buybacks. here's some quick math.
Market Size
GPU backed debt: $48.4B
Buybacks @ 10% Market Capture
12% rates, $5B in loans = $600M revenue
10% NIM → $60M/year for CHIP buybacks
At AAVE’s ~25x revenue multiple, $60M buybacks would put CHIP at $1.5B FDV
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