Derek

🇲🇾🇳🇿🇬🇧🇸🇬 Capt Ahab in search of the white whale

[Sumo 🉐 @SumoKuji]

Is a DAO really the best path forward for the @TeamKujira’s treasury/ops wallet.

How about we add a couple people to a multisig and just not do stupid shit? Along with some updated protocol parameters.

Maybe the core team needs a shake up as well but I’m not sure a DAO is the most effective path forwards. It seems like just giving up and ceding responsibility when they should fight to fix the fuckup.

[Derek @caleb_themiddle]

@hooeem What you mean the Buy everything bit?

[BigBadBird @bigbadbird_d]

A little bit about our approach to this whole thing.

Firstly, it's really great that people have created bridges & other clever ways to try & connect blockchains, but beyond this being nice for power-users, it's totally impractical, & only highlights the ever-growing barrier between "crypto bro" activity, & anything even closely resembling a thing that normies could onboard to.

How many times do we see people trying to get funds from X chain to another? Imagine your mom or dad doing this? Even if you are experienced, it's a total shitshow.

Right now people are talking about how it's difficult to onboard to the $KUJI token. That is because of the idea that listing = number go up.

Aside from the fact that listings almost never mean number go up, I'd like to just explain our thinking a bit more.

We have now built a complete set of DeFi rails. You can say what you want about volume, TVL, or whatever other thing floats your boat, but these rails are now built & solid.

Developers are now building solutions on top of these rails, & in numbers. The Kujira ecosystem pays back all revenue to stakers for their work in securing the chain.

The math is simple, more dApps, more economic activity, more revenue. Yes, you can LOL at the APR, you can call us out on any number of things, but it can never break the relationship between economic activity, & the hard-coded nature of the Kujira fee collector.

The idea isn't just to make it easy for your cousin to buy $KUJI so that he can watch number do whatever numbers do. The idea is to ACTUALLY onboard people into a financial ecosystem where they can put their money to work.

That is EXACTLY what Kujira already does, & I'd dare say that you'd be hard pressed to find a single ecosystem anywhere that does as completely.

Yes, you can find higher APRs (spoiler, you are the yield).

Yes, right now you can find a SOL meme that is flying & hope to catch that before it dumps.

There's a lot you can do, & I have no arguments against any of that.

What we are doing at Kujira, is cultivating a financial ecosystem that will ultimately be (fully) available in the palm of your hand via Sonar. Where you simply add funds from your bank (or blockchain eco or whatever), and you can put your funds to work across activities such as lending/borrowing, liquidations, minting stables to put your assets to work, market making pools, funding of startups, and of course many many other activities as all the new protocols ramp up.

The fact that (right now), people would rather gamble on cat memes or whatever, isn't actually of concern to us.

Our job is to try & make DeFi viable. It's a fucking massive job. We don't need to try & be things we're not because someone tells us there's some shiny piece of dogshit somewhere else. We have to stay true to what we're building & to what we believe in.

So, the reason that we try to make Kujira a very complete ecosystem, isn't because we like to build constantly for no reason, it's because we like to build constantly for a very specific reason. No one has managed to actually make DeFi accessible. Not one. We value ourselves as being one set of those soldiers that try to make this a reality.

I'm not talking about putting "AI" or "Catshit" in our bio, & trying to make a number go up. I'm talking about actually building a system that serves people, where everyone is in control of their own money, & all within one ecosystem / chain, because the alternative is a dogshow. Chasing other ecos liquidity is just a shit idea. You only suggest it because it's all you know. It's all you ever hear.

We have had TVL constantly growing, users constantly growing, and use-cases constantly growing.

But still, I get it. Right now, the immediate increase in price is all that people really care about.

You know what though, we'd rather not build our foundations on sand. We'd rather build something that actually supports real users of the network. Because the network IS you. This network is actually a lot closer to the actual dictionary definition than what people think about it in blockchain terms:

"a group or system of interconnected people or things."

Take away the "or things" part, and you have a very complete financial ecosystem of actual PEOPLE. People that don't have to fight to have control over their own money.

------------

And yes, having said all that, we are still working on the CEX thing. I will do a spaces with someone soon so at least the people in here with any human emotion can understand this process from our perspective.

And lastly, yes, I get it. "Fuck off Dove, make price go higher, you're a very shit 'CEO', & get with the narrative" (whatever that might be this week).

Thanks for listening 💙

[Derek @caleb_themiddle]

@hooeem Fantom chart? Burnt bad once. Concern if risk if AC decides to leave again like he did few years ago

[Derek @caleb_themiddle]

Getting some Artio BERA at @quicknode's faucet for my 3eD217d8 wallet!
https://t.co/YgiEknfjvG

[Rujira @RujiraNetwork]

GM Kujirans!

Today we have a mega-article for you, discussing what the Core Kujira team has been building, a look into the future roadmap, and the contributions from external teams to the ecosystem 🔥

Our final destination is a comprehensive suite of DeFi products that are not found elsewhere on a single network, with composability ingrained throughout the ecosystem.

We will summarize the Core Kujira Team developments in the thread below, but to read a more comprehensive review of Kujira's next steps, be sure to read the article below.

We *strongly* recommend it!

[🉐 Crypto Linn @crypto_linn]

bull market may be better for price

but the bear was better for crypto

[Thor @0xThoor]

I spent the past days reading '2024 Outlook' reports from entities like Coinbase, Binance, a16z and more..

Many of these have similar theses on trends like dePIN, AI, Modularity etc.

A comprehensive summary of the biggest ideas you should pay attention to in 2024👇

[Derek @caleb_themiddle]

@SumoKuji True but you would also agree (and have said the same) that one of the “rules” is to remember to take profit.

[Derek @caleb_themiddle]

@BBCWorld Looks like golden globes

[Derek @caleb_themiddle]

@cobie Wow you’re back.

[Rujira @RujiraNetwork]

We hugely appreciate all the love, support & patience around this launch. Please help us spread the word to usher in the next generation of people onto the Kujira network.

We will continue to add to #SONAR until all key parts of the ecosystem are mobile accessible 🐋💙

4/4

[Derek @caleb_themiddle]

@technologypoet Thank you for saying what needed to be said senator

[Derek @caleb_themiddle]

@TheTranscript_ “We will get that bill at a smaller size…”?!?! Management speak for they won’t be paying?

[Derek @caleb_themiddle]

@saxena_puru Chart for a cloud software ETF?

[Elon Musk @elonmusk]

@alx @nytimes I can’t tell parody from reality these days

[Derek @caleb_themiddle]

@SteadyCompound Not financial advice. Do your own due diligence.

[hoeem @hooeem]

Summary:

To round it all up, here are the 9 hard truths:

- “WAGMI” is 💩

- Twitter sentiment is often wrong

- Boring market = Best opportunity

- Day trading kills you

- Leverage blows you up

- Don’t trust influencers

- Bad actors exist

- Most narratives are PVP

[Derek @caleb_themiddle]

@TickerSymbolYOU How can we find out?

[Derek @caleb_themiddle]

@MothershipSG That’s one way to stop a bank run