Ethereum co-founder Lubin backs ETH treasury firms, calls DATs 'profound innovation' - theblock.co

Ethereum co-founder Joseph Lubin is backing firms that manage treasuries denominated in Ether (ETH) and has expressed support for Decentralized Autonomous Treasuries (DATs), calling them a "profound innovation". This endorsement is significant as it highlights the growing importance of ETH-based treasuries and DATs in the decentralized finance (DeFi) space. The development of DATs and ETH treasury firms could have major implications for the future of cryptocurrency management and DeFi applications.