Ethzilla – originally 180 Life Sciences – recently completed a $425 million pipe financing backed by more than 60 institutions and crypto investors. Some of the participants included Harbor Island, Electricity Capital, Polycaine Capital, GSR, Omicron Technology, Lido, and more.
In this interview, we will speak with McAndrew Rudisill, the next chair of Ethzilla’s board, to understand how to leverage Defi Council’s non-binding advice input, support accountability, plan to remain fully committed to Ethereum, avoid diversifying Altcoin and avoid widespread market trends changing in that direction.
1. We aim to be superior to traditional ETH staking using a mix of staking, lending, liquidity provisioning and private contracts. Can you share risk parameters and expected yield bands?
We aim to generate higher returns than traditional ETH through a variety of unique Ethereum network-based strategies.
2. The announcement shows that Defi Council will “provide” “input” in its Treasury deployment. Is this input binding or advisory? And how is accountability and transparency in those decisions maintained publicly?
These contracts are for general advice and not binding. The Council provides access to each Ethereum protocol that determines how electricity capital as an independent asset manager will be used to generate yields. The Etherealize team provides access to real-world assets that can generate on-chain yields as assets are codified.
3. Secured participation from over 60 institutions and cryptographic native investors. Beyond capital, what specific advisory or network values do these investors bring to Ethzilla’s strategy?
This agreement has a diverse mix of traditional financial investors. All Defi Council members are investing in this agreement.
4. Eszilla concentrates the Ministry of Finance on ETH rather than Bitcoin. What is the strategic reason behind choosing Ethereum over BTC as a reserve asset? What makes ETH more attractive asset?
ETH is one of the most valuable cryptocurrencies in the world as it can be used by people to build apps and financial tools that help people manage their assets and generate yields. ETH has an inherent yield, and real-world assets are on-chained with ETH. This results in an exponential increase in the amount of transactions.
This will have a positive impact on the price of ETH. The true yield curve is built on Ethereum and can generate yields by retaining Ethereum.
5. The influx of ETFs and boosting corporate recruitment appears to be the main factors behind this month’s ETH rally. Is there an ETH year-end price target?
We think of ETH as rising, and the rate of change can be very large compared to where we are today. Like BTC, we are in the early innings of ETH. We are building this over the long term and focus on ETH’s appreciation as network adoption rises.
Ethzilla confirmed it would not pursue any allocations other than ETH, and it would maintain a strict Ethereum-only financial strategy despite wider market trends towards diversifying Altcoin.
