@jamie247@rflxvty And I agree with most of your points too. I agree that in the short term the hustler artists will make a fortune. I just want to make sure we don't leave the subset of truly talented, non-hustlers behind.
TLDR
- @emptysetsquad proposing a move to 2-token model: ESD & ESDS
- Stability becoming top priority; less reflexivity
- New model similar to @fraxfinance: to start, Mint 1 ESD for $1 USDC & slowly lower collateralization ratio over time
Excited for the next phase of ESD, hopefully w/ more stability and less harmful reflexivity.
Continuous ESD is similar to Frax, but w/ 2 key differences:
- redemp. price = reserve ratio (early redeemers not privileged over later ones)
- ESDS not used as collat. (at the outset)
.@complementcap, a new investment firm focused on growing the Empty Set Dollar ecosystem, is hiring a remote DeFi Smart Contract Developer!
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To learn more about Empty Set Dollar, I recommend starting with https://t.co/mAfYETqZPK by @LewisFreiberg, creator of https://t.co/81At8sT8nG
https://t.co/b9pUioYhOu by @s_o_ligo goes even deeper
https://t.co/VYcSm0lWtL by @ashwath_22 for the full @Delphi_Digital treatment
A special thanks to @delitzer for a huge effort to make this post 10x better. And a huge shout out to @LewisFreiberg and the anon emptyheads for feedback and insights. And to the people who've helped along the way including @rleshner@scott_lew_is @mervynchng89 @lindaxie