Big changes to staking were proposed at @synthetix.
In SIP-420, founder @kain lays out a plan to overhaul staking, put $SNX back at the center of the protocol, and put minted stables to work.
Here's why it could be (low key) the biggest update to Synthetix ever.
🧵 👇
Have you seen the Synthetix liquidity app?
It's more rewarding than ever to provide liquidity, with higher LP fees, more collateral types and rewards.
Rewards are only available for a limited time, so check it out now. 🧵🔽
“The discrepancy between the current fully circulating supply of THALES (~94m), and the circulating supply of $OVER, will be resolved by DAO treasury burning around 25m THALES tokens.” @veryHighLander people are sleeping , starry starry night
That's it!
I think AyeAyeCoin is an absolute gem. A fully distributed animal token from the first few weeks of Ethereum. The first trustless meme token, the first animal token on Ethereum, and the oldest thing you can buy on Uniswap.
No one really knows about it yet. When they do discover it, I think they'll love it as much as many existing holders do. I think this plan helps to set it up for success from a tokenomics perspective as well as providing some support for the animal on which the token is based.
I hope you all like the plan. Let me know your thoughts in response the the first tweet or via DM if you have them.
AyeAyeCoin Love! One Coin For You!
Polynomial is flying solo... I am not convinced at all about appchains but I decided to see this one up closer to get a better feel on it. You need an invite code to enter and stake some liquidity on the poly app chain.
💌 ISWMY8
💌 QOQZW6
💌 XP2NST
https://t.co/Sf5eWeZoiX
@KatiegarciaEth Have people pay for them - simple ; this is what @kain already stated; and he talks of his own rich experience of various fuck ups and actual lessons learned.