Two more privacy developers arrested in the US today.
This time for building a bitcoin privacy service.
Where does it stop?
"The Samourai wallet developers should have known you can't host a centrally operated mixer."
Ok, well the tornado cash developers deployed privacy as immutable code - nothing centralized - they also got arrested.
Up to 25 years in prison for writing code that helps people keep transactions private.
The UN estimates banks facilitate nearly $2 trillion in money laundering each year - not through custodyless code - but as willing intermediaries.
Dozens of major banks have been fined billion of dollars for money laundering over the past decade.
How many bankers have you seen go to jail?
They are making an example of crypto because they don't want us to have private peer-to-peer transactions.
Not by passing laws in democratically elected chambers. Not by issuing public guidelines.
They just come to your house and take you away.
Who's safe from this regulatory terrorism.
And who's next?
zcash is a privacy preserving blockchain - aztec is a private layer 2 - how about them?
How about their investors and users?
Or the DeFi protocols that interact with them?
How about the at-home Ethereum validators who process their transactions?
Or the developers working on open source cryptography libraries?
There's really no way to know where they'll stop because they're not following actual laws.
This is regulation by arrest. They want to scare us.
Maybe we stop them from sending our privacy devs to jail in the courts. Maybe. Is that really what it's come to?
I'm so disillusioned by a justice depart that calls this justice.
There's too few of us to fight. No one's coming to come save the crypto bros. Because they yet don't know what's at stake.
If we lose the right to crypto privacy we lose the right to transact.
That's where this is headed.
I wish i had better news.
You could eat peanut butter straight out the jar like a dog or you could be civilized human and make a sandwich.
Here at the OATH Foundation, we make sandwiches and we are going to make the best sandwich you've ever seen.
Get ready because OATH and Grain are just better together.
DeFi Megatron discussion & re-formation of a value accrual layer on Ethereum.
GRAIN/OATH => NewToken
All value from deployments like Aurelius, Ironclad, and upcoming protocols flowing to NewToken.
Modular DeFi. I like it. Discuss in the forums 👇
https://t.co/ubHmJnL94m
GIVEAWAY:
To celebrate our V2 SDK, we're going to be selecting 3 winners to receive 200 USDC each
To enter:
✅ Follow @usemoonai
✅ Retweet this post
✅ Like this post
For bonus entries (1 each):
✅ Quote-tweet this post
✅ Reply with a Moon-themed picture
Winners will be chosen on Thursday, March 14th at 20:00 UTC
Who is your favorite crypto influencer? Have they heard about $OATH?
The OATH community is building up a marketing budget to bring them onboard!
Join us on https://t.co/DeDeX77nxU to help decide which creators we hire to spread the word!
Here are the 5 things you need to know:
1. We are proposing $8000 in OATH and $8000 in USDC to attract new audiences to the OATH ecosystem as we march closer to the launch of Ethos Reserve V2, new tokenomics, and Aurelius.
2. We are looking for reputable influencers, educators, and thought leaders in the crypto community to raise awareness of the OATH mission and technology stack.
3. Community feedback is super important! We want to hear where you get your news, which content creators you like, and who you respect in the DeFi space.
4. If you’re a creator, we want to hear from you! We are looking to build long term, synergistic relationships with well-aligned creators!
5. Our primary goals are to increase impressions and engagement with OATH Foundation content, increase volume for the OATH token, and increase the TVL of OATH Ecosystem applications.
Make yourself heard in the forums: https://t.co/WnVQtLqtGf
Comment your favorite educator, influencer, or content creator!
And of course, follow OATH Foundation to stay up to date on all of these developments.
Are you an OATH stakeholder? You’ll wish you were after reading our latest governance proposal.
We are reworking OATH tokenomics to deliver tons of utility to OATH holders and increase the token’s competitiveness in the bull market.
Let’s look at 4 core problems this proposal is designed to solve:
1. Fragmentation of liquidity.
Basically, this means OATH is spread too thin across too many networks. This was a good strategy in 2022 when there was little native competition, but now with competition heating up our team is eager to cement its position on Optimism.
Through this proposal, our team seeks to consolidate liquidity on Optimism so we can more effectively grow our community there. This will relieve liquidity management pressures and allow us to expand the Ethos Reserve protocol and $ERN.
In the coming months, we hope to grow our Optimism grant and make ERN the premier stablecoin on the network.
2. Lack of utility for bOATH.
Right now, bOATH is kind of weak. It’s like pre-time skip Luffy, or Goku before the hyperbolic time chamber. Currently, it only earns minting fees from Ethos Reserve, which have already crossed the $100k mark but could be much greater.
This proposal will power up bOATH with a suite of awesome incentive streams:
- Fees from Reaper Farm
- Airdrops from OATH Chapters
- #RealYield from the Ethos Reserve vaults
- Revenue from exercised oOath tokens
All of this yield will be distributed as time-weighted rewards through Digit!
There will be a lot of benefits to being a bOATH holder in the coming quarters. For more information, check out our more lengthy post here:
https://t.co/Zq0B2Ry4LF
3. Reduced volume for OATH.
Since the Multichain exploit and subsequent token migration, OATH has seen a significant decrease in onchain volume. Together with liquidity consolidation and bOATH enhancement, our team proposes the introduction of oOATH as a new tool for ecosystem growth.
Through this proposal, we will be implementing oOATH as an incentive to liquidity providers, replacing OATH. This option token will allow holders to either purchase OATH for 50% off or lock it as bOATH for a period of time.
These mechanics will allow us to align ecosystem participants more effectively and attract more users to bOATH.
4. Ecosystem positioning.
The crypto winter is beginning to thaw as markets acclimate to our new high interest rate environment. Our current defensive positioning was helpful for surviving the bear market but it’s time to change it up.
As Interest in crypto begins to pick up with the Bitcoin halving on the horizon and ETFs looming, we will need to build out more autonomous and scalable solutions for OATH to ensure we are prepared for increased adoption.
Through the proposed changes alongside the OATH Chapters initiative, our team will be able to stay ahead of trends.
🦖 It is more important than ever that stakeholders participate in governance to ensure their voices are heard. To participate in this tokenomics discussion, check out our latest proposal on our governance forum here: https://t.co/Kmtn1bSEMN
And of course, follow us to stay on top of all the latest OATH Foundation news!
The OATH Foundation has struck gold (AU) on Mantle!
Now’s your chance to participate in the founding of the first OATH Chapter, @AureliusFi.
This is huge for $OATH holders and can potentially deliver tremendous value.
Here are the 3 most important details of the proposal and what they mean for you:
1. The Mission: The Aurelius chapter will use Ethos v2 tech to mint a new stablecoin, AUSD, and use the underlying collateral to bootstrap an integrated lending market on Mantle.
Why it matters: Through Aurelius, the OATH Ecosystem can gain exposure to Mantle’s potential growth without burdening the OATH token with additional incentive pressure.
Aurelius is positioned for success. The team has already secured a 200,000 MNT grant from the Mantle network and a key partnership with the Cleopatra DEX, as well as significant interest from the broader DeFi community.
2. The Revenue: Aurelius will generate revenue through mint fees, borrow fees, and exercised xAU option tokens.
Why it matters: 10% of the AU supply is earmarked for distribution to bOATH stakers. This AU can be bonded to earn 100% of the platform fees. Additionally, a portion of xAU fees will be directed to the OATH Foundation to fund development and operations.
3. The Research: This is the first implementation of an OATH Chapter, and its success will be an important example for future chapters.
Why it matters: This proposal is a trial run for both our DAO governance and our Chapter system. OATH holders must exercise their right to govern the development of this new Chapter via the governance forum. By sharing your thoughts and opinions on Aurelius, you’ll help shape the destiny of the OATH ecosystem!
Be sure to follow us for more OATH Foundation updates!
To participate and for more details, visit https://t.co/HforG2mySp
Everything you need to know about the upcoming changes to OATH tokenomics in a single post.
If you read all the content here you will know more about token engineering than 99.9% of your friends.