Every $RSR unlock now comes with a burn 🔥
This plan comes directly from the community: @AmatorPatriae proposed tying unlocking to burning, which became the design of the final Burn Gauge: no schedule, no calendar... nothing released unless the protocol has burned RSR first. If the protocol burns nothing, nothing unlocks.
RSR holders choose the ratio, with five positions on the gauge:
→ High burn: for every 1 RSR the protocol burns, 4 more are burned from the treasury. No unlocking.
→ Low burn: for every 1 RSR the protocol burns, 2 more are burned from the treasury. No unlocking.
→ Sustain: for every 2 RSR the protocol burns, 1 is unlocked from the treasury.
→ Low growth: for every 1 RSR the protocol burns, 2 are unlocked from the treasury.
→ High growth: for every 1 RSR the protocol burns, 4 are unlocked from the treasury.
At the two burn settings the treasury shrinks and nothing is released. At the three growth settings, Confusion Capital can release more than the burn-driven amount, but treasury RSR is burned in exchange at that position’s ratio.
An unofficial burn gauge simulator is available here: https://t.co/O02phGL67o
@nnevvinn, Confusion Capital, ABC Labs, Best Friend Finance and every company Confusion Capital incubates sit these votes out; they won’t vote with the RSR they hold. The gauge is set by the RSR holder base.
The community will vote on it every quarter by ranked choice, following the quarterly update call and report, so you can see where the business stands before choosing a setting.
The first gauge vote is open now and runs seven days ↓
https://t.co/XC1bFeN181
Last week the SEC approved “generic listing standards” for crypto ETFs. If a token has futures trading on Coinbase, ETFs tied to it can now be pre-approved much faster. That opens the door for a flood of new crypto ETFs in TradFi.
But the underrated story is the flow will not just be one way. TradFi is bringing crypto into ETFs, while onchain finance is starting to bring ETFs into crypto.
Think about what ETFs did for Wall Street. They made stocks, bonds, and commodities simple by wrapping them in a single ticker so anyone could get diversified exposure.
Decentralized Token Folios (DTFs) are now doing the same thing onchain. A DTF is a single token backed by a basket of assets. At first those baskets were only crypto. As tokenization accelerates, those baskets will expand to equities, bonds, commodities, even real-world yield streams.
This is where things get interesting. TradFi ETFs are giving investors a bridge into crypto. DTFs are building the bridge back out to tokenized TradFi. Fully onchain, permissionless, and programmable.
The future is not just TradFi ETFs with crypto inside. It is onchain DTFs with everything inside.
Reserve is joining Stablecoin Summit as a Platinum Sponsor!
@reserveprotocol enables asset-backed stablecoins and onchain indexes, built on diversified collateral and permissionless governance.
Join us to see how Reserve is rethinking index investing.
📍Singapore, 2 Oct
@GipsyCryptoman This is very bullish news, but the timing of their announcements is particularly bad… the momentum was gone after the disappointing PPI data in the US.
@nnevvinn Thanks for the update @nnevvinn. As always very transparent. The reserve team is doing a great job and I look forward tremendously to developments in the coming months. Have fun cycling in your old neighborhood and keep up the good work.
If there’s one word to sum up the past few months at Verasity, it’s ‘acceleration’ ⏩
We've taken $VRA cross-chain to BNB Smart Chain, listing on @binance Alpha and opening the door to an entirely new and one of the largest market of traders and token holders in Web3.
Our business development efforts have been firing on all cylinders, securing more than a dozen new partnerships and technology integrations across a wide range of usecases and industries. Each is a testament to the rapidly growing market demand for our solutions and further propels Verasity’s footprint across more communities and ecosystems than ever.
On the product front, VeraWallet has shipped one of its most requested features: the Off-Ramp. This new functionality allows our users to seamlessly convert $VRA into FIAT currencies, bridging our ecosystem directly to everyday use.
And over at VeraViews, we’ve been making history. VeraViews launched the UAE’s first homegrown Ad Exchange under the Ministry of Economy’s NextGen FDI program, with THE largest publisher in the country already onboard.
Alongside these, and the plethora of other wins not covered in this post, our tokenomics conclusions is now in the final stretch. The last conditions are falling into place and the release is near. When it arrives, it will connect recent — and soon to come — progress as part of the most significant, strategic path Verasity has ever charted.
This week we hosted the first Monetarium Dialog, featuring Peter Thiel, who shared many perspectives on the US dollar. I challenged participants to state plans for budget reform that were politically feasible and we discussed storing value in the event of a dollar crisis.