You always have time!!
A clichéd lie they've told us:
that great opportunities are extremely rare and limited in number, while your time is even more limited.
Curve DAO has approved increasing the @yieldbasis crvUSD credit line from 300M to 1B.
The 1B crvUSD represents a maximum credit line, not an immediate allocation. Usage will scale gradually alongside increases in crvUSD liquidity. Curve sets the overall credit line, while YieldBasis must run its own governance votes to raise caps on individual YB markets within that limit.
Since YieldBasis launched, crvUSD trading volume has increased noticeably. Higher YB caps drive additional crvUSD demand and volume, which in turn generates more fees for the DAO.
More details: https://t.co/Ri6kAknhmt
NEW POD @vitalikbuterin on the @greenpillnet podcast for a year-end deep dive into public goods funding in the @Ethereum ecosystem.
Thx @devanshmehta for co-hosting. We discuss how the landscape has shifted from “vibes-based” funding to verifiable, dependency-driven mechanisms, and why this is the best moment to reform PGF using new tools like programmable cryptography, AI-assisted evaluation, and deep funding models.
Vitalik shares how he thinks about dependencies, credible neutrality, open-source licensing, pluralism, accountability, ethereum localism, and what builders should prioritize in the coming year.
00:00 – Welcome to the Greenpill Podcast
01:50 – Vitalik joins: why public goods funding matters
02:19 – Why PGF is essential for decentralization
04:18 – The crypto spirit: censorship resistance, institutional design & funding
06:42 – The shift from vibes-era PGF to verifiable mechanisms
08:25 – Why 2026 is the best moment to reform PGF
10:19 – Where does PGF money actually come from?
12:45 – Open-source licensing, taxes & funding dependencies
17:34 – “Fund your dependencies” as a stable mechanism
19:35 – Why general-purpose QF doesn’t work in a chaotic world
21:59 – Bottom-up vs top-down: polycentric PGF
25:29 – How to create accountability loops in public goods
27:22 – Funding open-source as an Ethereum priority
29:31 – Privacy as a public good & why it’s upstream of PGF
31:54 – What OSS developers really think about crypto
33:52 – Mixing social outreach with financial support
35:56 – What should PGF builders focus on in 2026?
38:13 – Work with new projects, not legacy ones
39:44 – Ecosystem cycles & “layers of sediment”
41:39 – Yield-based funding (Octant) & treasury strategies
43:40 – Accountability: from vibes to rigorous mechanisms
47:35 – Motivation, feedback & the psychology of public goods
50:43 – Profit sharing licenses & sustainable PGF pools
53:46 – Security, issuance & public goods
56:12 – Technology, democracy & long-term risks
58:31 – How PGF relates to DIAC (Defensive/Decentralized Acceleration)
01:00:05 – Solving the free-rider problem without coercion
01:02:12 – Mechanisms vs coercion: credible neutrality
01:04:16 – Institutions, power & capture risks
01:06:16 – Individuals vs institutions in PGF
01:08:41 – Why PGF is more error-tolerant than governance
01:11:01 – Pluralism: many funders, many mechanisms
01:13:14 – Why diversity of funders is healthy
01:15:17 – What Vitalik wants built next
01:17:12 – Ethereum localism & real-world experiments
01:19:28 – What success in PGF looks like by end of 2026
01:24:28 – Closing thoughts
Most crypto developers are very young and are solely focused on making a quick buck.
Do DEX aggregators really need their own tokens? Many of them have zero revenue and are just forks of another DEX aggregator with no innovation whatsoever.
A lot of projects truly don't need governance tokens at all.
Does an NFT Marketplace need a token? Hasn't OpenSea been a successful product without one to this day? Why, at a time when NFT trading volumes have plummeted and their revenues have tanked, are they suddenly thinking of launching their own token?
Isn't this just about lining their pockets?