Tune in this Sunday for Ownership Radio #13, where not only will @MaushishYadav discuss the ongoing proposal Pays-003, but also a new [Redacted] product the team has been working on!
Ownership Radio #13. Sunday. 3PM UTC.
Four builders. Four different corners of the ecosystem. One stage.
> @mango_ from @zinc_cash, fresh off Zinc's mainnet launch
> @Paystreamlabs joins us to discuss the latest proposal and what comes next
> @MetalLegBob from @fraudsworth joins the conversation
> @nftboi_ with the latest from @umia_finance
Plus our usual open mic for anyone to share ideas, perspectives, and what's on their mind regarding the Owneship Space.
Hosted by @0xSrMessi and @8bitpenis
Set your reminder with the link in the replies 🎙
1/🧵 A new @paystreamlabs decision market is live.
PAYS-003, authored by @metaproph3t and Joe, asks whether Paystream should reduce its monthly allowance from $33.5k to $15k, use $166k from the treasury for $PAYS buybacks, and withdraw 75% of LP to support the buyback.
The proposal also adds 3M $PAYS to the team's performance package, shifting more compensation toward token upside while reducing monthly allowance.
The core argument is that $PAYS has traded near or below NAV since inception, though the Spot <> NAV discount has narrowed from the past months to today.
Buybacks would be executed through Jupiter DCA, capped at $0.04488 per PAYS, based on the proposal's estimated NAV.
in the last 5 days we:
- announced and launched 24/7 $WTIOIL, $SILVER, $GOLD commodities markets with over 1m of orderbook depth day 1
- listed four new token markets in $JUP, $VVV, $MET, $PUMP
- announced 2 new integrations with @Paystreamlabs and @GetRektApp
- shipped Flight Codes, making us the single source of on-chain @solana perpetuals liquidity and composability
the team is heads down building, we are talking to hundreds of traders every day and making product improvements daily based on their feedback.
big week, big month, big year.
rising.
Our founder @MaushishYadav sits down with @mikemaccana from @QuicknodeSolana and gets into the full Paystream story: from auditing smart contracts, to designing an arb screener that can deploy delta-neutral positions, to the approach behind our MetaDAO raise.
Give it a listen.
Most crypto developers started elsewhere in tech.
Maushish from @PaystreamLabs:
- Started from scratch
- Learnt smart contracts as an auditor
- Used this knowledge to build a program for anyone to open delta-neutral positions across multiple DEXs in three clicks
- Raised 6.1 million dollars on MetaDAO
- Left most of the money on the table in order to grow his company more sustainably
This morning's interview is a must-watch: ⬇️
Ownership Podcast S1 E6: @MaushishYadav (@Paystreamlabs)
"The Evolution of Paystream since their ICO"
00:12 - Intro
01:40 - The Paystream ICO
07:39 - Futarchy vs Token Governance
12:48 - Iterating on Product
16:50 - Pivot and Evolution
24:40 - The Risks of Paystream
34:30 - How Paystream Deals with Black Swans
42:00 - 🚨 Early Paystream Alpha 🚨
47:51 - Outro
Hosted by @8bitpenis
Produced by @BlockformerLLC
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