Sean Braithwaite

wondering.

[Elijah @PossibltyResult]

Why Yield Isn't Money

Hundreds of Billions of dollars a year of government subsidies are paid to banks in order to keep liquidity within the system.

The mechanism for this revolves around the Interest Rate on Bank Reserves (IORB Rate) - an annual 4.4% paid for simply parking user deposits at the Fed. This comes at the expense of households - who receive a negligible average of 0.07% on checking deposits.

The Narrow Bank Inc. tried to circumvent this, by attempting to increase IORB Rate pass through to depositors. In response, the Fed refused to grant them access to the IORB Rate.

A similar dynamic is playing out now with stablecoins with the GENIUS Act prohibiting issuers from passing yield onto holders.

This raises some obvious questions. Namely :

Why is yield bearing money prohibited ?

In a new post I explore this and more. Feel free to check it out and leave your thoughts.

https://t.co/8q8KfqMQCP

[Diogenes @diogenes]

https://t.co/atSwQCuLOE

[Filament @filamentzone]

Unlock Rewards as a Delegate on Filament

Curious about how to earn rewards by shaping crypto token distributions? In our latest article, we dive into the role of a delegate on Filament and how you can gain by helping projects run effective airdrop campaigns.

How do delegates get paid:

Delegates on Filament earn commissions that scale with the success of each campaign. The system rewards those who choose criteria that drive user engagement and growth, meaning the better you vote, the more you earn! You’ll be aligning your incentives with each project’s goals, fostering meaningful results.

Why Does This Matter?

Projects rely on Filament’s delegates to add value. By aligning rewards with positive outcomes, we create a cycle where both projects and delegates thrive, attracting even more campaigns and opportunities.

If you’re ready to understand the full breakdown of how rewards work, read our full article on the Filament blog! You’ll find an in-depth explanation of the reward formula, real examples, and the mechanics behind the Vickrey-Clarke-Groves (VCG) mechanism that powers our delegate rewards system.

Full article: https://t.co/dvMfuRX87P

[Kweave @_caoimh]

Introducing Summit Labs (@summitlabsxyz)

A firm specializing in the design and optimization of token economies, backed by data and models.

Teams only get one shot at a token.

Most tokens lack utility, effective value capture, and sustainable economics.

Retroactive distributions fail to drive sustained participation. Linear incentives undermine broad engagement, meaningfully impacting a limited minority.

Summit Labs is building value driven token economies and ongoing, sybil resistant incentive systems for @eigencloud, @swellnetworkio, @EverclearOrg and others.

https://t.co/vFWWwnafC0

[Filament @filamentzone]

How can we align incentives of airdrop criteria and distributions?

Hold all stakeholders accountable for their decisions, and give them economic upside for productive behavior.

That´s where the Filament Delegates Program comes in.

[Beacon @BeaconDeFi]

Join @csoriano and the panel tomorrow as we do our weekly Beacon TVL Show at 1pm EST!

Our guests this week are from @filamentzone ! We'll talk about the news of the week in DeFi and learn more about Filament and talk airdrops in today's DeFi scene and what to consider moving forward!

The show is simulcast here on Twitter and our YouTube channel. Come support Filament and let's learn together!

https://t.co/JGPbtaUbRc

[Rafa 🐸 @Grizzlyshort]

I've been taking a look at @CoWSwap solver gas expenditure. Its high and volatile, but there is hope 😉

Take a look at the next charts, spanning from July 23 until Sept 24.

This solver spent 322 ETH, ~$845,000 USD

[Sean Braithwaite @brapse]

.@filamentzone is applying cybernetics to monetary policy

[Matt Spike @matspike]

NEVER FORGET WHAT THEY TOOK FROM YOU

[Sean Braithwaite @brapse]

Filament is developing Vickrey–Clarke–Groves like mechanism to incentivize a distributed set of delegators to shape token monetary policy, I think it's pretty cool.

[Filament @filamentzone]

🪦 Sybils break airdrops.

One entity masquerading as many can unfairly claim a large share of tokens. Bad token distributions can curse valuable project.

Filament is addressing sybils head on, let's dive in 👇

[Sean Braithwaite @brapse]

We are bootstrapping the network with an initial set of delegates, hit me up if you’re interested!

[Filament @filamentzone]

🚨Public Call for Delegates 👀

GeeeMmm fellow desperate airdrop enthusiasts! Frustrated by pointless social campaigns, obscure airdrop criteria, and tokens on a quest of approximating $0 post-TGE? 📉

We are here to fix that.

[Sean Braithwaite @brapse]

As someone building on Celestia, following along with the CIP recorded calls has been absolutely incredible, highly recommended: https://t.co/M7896bEKZ4

[Sean Braithwaite @brapse]

@apriori0x all of these things are reasonable except pull-ups. 50 pull-ups is a lot. most people can't do 3x10 pull ups

[zmanian @zmanian]

An airdrop is one of the most resource invtensive things a project does in it's existence but every airdrop is a bespoke hand crafted thing that can be mess.

It's an amazing idea to build a toolkit for doing better.

[Sean Braithwaite @brapse]

Distributing a token is a race to find a durable community before the value of the token goes to zero. Using security as the sole means of credible emissions is a mistake. We're giving projects the tools to price productivity with conviction. Hear us out ⬇️

[Filament @filamentzone]

Airdrops are broken, and we're fixing them. Filament is excited to announce our solution, a new look, and the next chapter on how incentives work in crypto. Let's jump in.

[entropy 🏴 @entropydotxyz]

TESTNET LAUNCH: Today marks a major milestone for the Entropy Network as we launch our testnet.

This release focuses on our decentralized signing solution and setting the stage for fully autonomous agents to transform blockchain interactions. 👇

https://t.co/pB1fqRQxV6

[Sean Braithwaite @brapse]

@cwgoes Credible commitments to productivity defined and ratified by social consensus

[Fucked Up @FUCKEDUP]

rip steve

you hated our band and made fun of us while we were recording at your studio but you stood for something honest and fair in music and tried to make it a better place in everything you did and there will never be another one like you

[tux pacific @__tux]

this week, @entropydotxyz will be pushing out an exceptionally important announcement that we have worked very hard on.

it represents the culmination of everything we've learned in our efforts to build custody and the realizations as we enter into an entirely new market. ;)

[Sean Braithwaite @brapse]

@zmanian @The0xJose and I were talking about this extensively last night, you gatta up your networking game zaki