Hold the cat. Earn ZEC.
That simple loop took $ZCAT to $124M and paid out $2.8M in real ZEC by early September
A little blue frog $MEPE is testing a stronger version with $NIGHT:
50% โ buy NIGHT for holders
50% โ add to the pool and lock it
Volume grows the rewards and deepens liquidity at the same time
Still early, still small, the dual engine of @mepesolada is a cleaner setup than pure reward memes, while Midnight is building.
You are not bullish enough Cardano!
Our next $SOLADA update is so big it could literally change the landscape of $ADA, $SOL, and midnight-3:native FOREVER!
We came to Cardano to pioneer, innovate, and disrupt the status quo.
That's exactly what we've been doing, and it's exactly what we'll continue to do.
Turn on notifications and follow for updates. YOU DO NOT WANT TO MISS THIS.
This ain't your grandpa's #Cardano anymore.
THIS IS $SOLADA. โก
Hold the cat. Earn ZEC.
That simple loop took $ZCAT to $124M and paid out $2.8M in real ZEC by early September
A little blue frog is testing a stronger version with midnight-3:native:
50% โ buy NIGHT for holders
50% โ add to the pool and lock it
Volume grows the rewards and deepens liquidity at the same time
Still early, still small, the dual engine is a cleaner setup than pure reward memes, while Midnight is building.
$MEPE $NIGHT
@CSWAP_Destroy@IOGroup@emurgo_io@Cardano_CF At some point results have to matter more than influence. You can not build a thriving ecosystem while starving the very builders capable of making it thrive
Cardanoโs three founding entities received approximately 5.185 billion ADA at genesis:
@IOGroup: 2.463B ADA
@emurgo_io: 2.074B ADA
@Cardano_CF: 648M ADA
Retained ADA can earn staking rewards, which can be sold without selling the underlying stake.
For scale, 5B ADA earning 2% annually would generate approximately 8.33M ADA per month. That is an illustration, not a claim about their current combined holdings or rewards.
Spending that income does not require a fresh treasury proposal or dRep approval. When rewards are sold, the cash comes from market buyers.
ADA holders deserve to ask what they are getting in return.
Staking income is not evidence of commercial success. Selling rewards can fund salaries, programs, and institutional ambitions without demonstrating that those expenditures create enough demand to sustain the ecosystem....or benefit $ADA holders.
If that spending fails to produce adoption and economic activity, $ADA holders are effectively financing money being set on fire.
Meanwhile, independent builders who could help create that activity spend months pursuing funding, preparing proposals, and navigating uncertain decisions. Our team has experienced this firsthand.
We've spent an entire year taking part in programs that were either cancelled, or not really what they've seemed when dReps approved them.
Expecting undercapitalized teams like CSWAP to offset the massive spending by founding entities with close to zero support is a recipe for failure.
The founding entities have resources that could support ecosystem builders. The treasury has resources that can support ecosystem builders. If resources are not getting to the right places, then its tough to argue that Cardano is decentralized.
A truly decentralized ecosystem would not see so much centralized power and misspending.
Most of the credit for keeping the ecosystem alive goes to independent builders....yet we have almost no access to funding. We have to claw and scrape to get any support, while the founding entities just print money whenever they feel like it.
Now they are complaining...and going after the treasury themselves...not because they are fighting for $ADA holders, but because they are fighting for themselves.
If you hold ADA, you have every reason to demand results. They are spending your cash... and this is before a single treasury dollar is rewarded, or a single dRep even votes.
We refuse to play games, join a cabal, or pretend otherwise. This ecosystem needs to start putting its token holders first.
Support ecosystem builders. We are the only ones that can help dig Cardano out of this hole.
@yutazzz@jasonappleton@JaromirTesar