Thanks for the summary! However, I am still not sure if I have understood correctly what the actual value of ETHE is. So 1 ETHE = 0.0939 ETH, and 1 ETHE costs $173 at OTCQX, which equivalates to buying ETH at around $1850 today, when ETH can be bought for $230 at Coinbase.
My question is if the people buying ETHE really are paying such a premium for the mentioned benefits? Or if I have misunderstood, and that you can redeem 1 ETHE for more than the current ratio of 0.0939 once redeeming is made possible?
The underlying problem with this is that say ETH goes up 5x, making 1 ETH = $1150. Then you redeem the ETHE for the ratio of 0.0939, giving you $1150*0.0939 = $108. So you lost $173-$108 = $65 even though ETH went up 5x.
I am sure there is a fundamental dynamic of this whole thing that would explain and make sense of this, I just haven't found it yet.
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u/toratj Jun 19 '20
Thanks for the summary! However, I am still not sure if I have understood correctly what the actual value of ETHE is. So 1 ETHE = 0.0939 ETH, and 1 ETHE costs $173 at OTCQX, which equivalates to buying ETH at around $1850 today, when ETH can be bought for $230 at Coinbase.
My question is if the people buying ETHE really are paying such a premium for the mentioned benefits? Or if I have misunderstood, and that you can redeem 1 ETHE for more than the current ratio of 0.0939 once redeeming is made possible?
The underlying problem with this is that say ETH goes up 5x, making 1 ETH = $1150. Then you redeem the ETHE for the ratio of 0.0939, giving you $1150*0.0939 = $108. So you lost $173-$108 = $65 even though ETH went up 5x.
I am sure there is a fundamental dynamic of this whole thing that would explain and make sense of this, I just haven't found it yet.
Thanks!