They tweak. They optimize. They gamify.
But the flaws in DeFi run deeper than code.
This quote wasn't just insight. It was a call to arms.
We don't need more tokens.
We need to rewrite the entire system.
@PRGRMMONEY
@ZeMariaMacedo we are aiming for something similar to this while maintaining transferability! It requires fundamentally changing how tokens are created however. I.e. removing the teams ability to arbitrarily mint tokens. Each token should represent real liquidity.
Bc of this the liquidity addition will fail putting the token in a frozen state. Closed systems will always cause things like this, we have already learned this lesson many times. The fact that this was not thought of during development is concerning.
Build a product that ppl use, and launch a token that your users buy
Get holders who are actual users, not just mercenary funds and hot potato holders shopping Bybit
Try to grow crypto's TAM instead of just extracting value. More abundance mindset in this industry pls.
- Today, we finally reveal more about ourselves.
PRGRM is a new kind of protocol, designed specifically to create and sustain token economies no matter the use case.
Read more in our lite-paper here: https://t.co/yr5F4bnVQm
the old playbook of building/funding vaporeware, playing the hype game, then getting listed on binance doesnt work anymore. theres an oversupply of projects and tokens, and exchanges cant possibly list all of them. simple math.
fundamentals unironically matter more than ever.
I wonder why token emission schedules are structured around time instead of growth for a protocol.
What would it look like for a protocol to mint/unlock X tokens per Y% TVL increase or revenue generated?
Much more incentive aligned imo, and dilutive events are offset by corresponding growth