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So what exactly is the use again of this token? You mentioned it is a strictly scarce ethereum based asset, but even if the supply is scarce and with no actual application in the market, the value will not improve in the market. Burning some assets will not be helpful if you have no real use case here. So once again, where can we use your tokens? Can you explain more about this Proof-of-Value why it will aid in the Vether's continuous existence in the market? What if users are not interested anymore in trading your token, where will your eth come from?
I think the other piece of this puzzle is it's additional quality of being programmable. Since we have such a sturdy "support" mechanism implemented in a token that can interact with instructions, I think we could see some very interesting use cases pop up. Using Vether as collateral to mint synthetic assets being an apparent one. I admittedly don't know a lot about the mechanics of defi but it seems like a provably fair, immutable and intrinsically valuable ERC20 is an inherently useful thing.
