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Think I might go on a deeper dive into what @EthraShip is and why I think it's a wave of fresh air
⚓ First, the macro area it fits in: RWAs
Ethra is an RWA protocol for Maritime Capital Markets, designed to bring the shipping industry onchain, built by Ethra Invest
Ethra Invest is based in Dubai and has been operating in the dry bulk vessels (owning them as well) since 2021
⚓ The $SHIP token
How else would you bring a real-world based business onchain? With a token of course
Holding $SHIP = Gain exposure to the underlying fleet
The fleet consists of 3 Handsize carriers and holding+staking earns you extra benefits within the ecosystem (Governance weight and other perks)
And of course, yield
We're talking about an RWA Investment Layer after all, and the main benefit behind everything is getting a share of the fleet revenues in the form of onchain yield
The team is experienced and they have laid down the roadmap far ahead:
1️⃣ - Foundation of the protocol
2️⃣ - Launch and Integration of $SHIP
3️⃣ - Ecosystem growth and CEX listings
4️⃣ - Full expansion and decentralization through DAO
They seem to have a pretty solid plan 👀