When we did the retroactive UNI airdrop it was basically unprecedented
Uniswap protocol had been live for years with hundreds of thousands of historical users and strong product market fit
At the time we said to ourselves โno one can ever replicate thisโ because every future airdrop will be gamed
Wild to see how far things have come
Almost every project now does an airdrop, and most of them are gamed to some degree
The good:
- life changing financial impact on hundreds of thousands of people around the world (Iโve heard so many stories)
- a culture of rewarding early adopters and user
- fairer and broader distribution of value and ownership
- easier bootstrapping, people are willing to try out new things
- healthy early liquidity and early price discovery if airdrop is done right
The bad:
- industrial airdrop farming and expectation that every project does one
- teams mistaking farmers for product market fit
- harassing teams / demanding airdrops โwen airdropโ
- teasing airdrops that will never come to farm the farmers
How to do a good airdrop:
- know your goals and design an airdrop that meets them, know that speculators exist and everything that can be gamed will be gamed
I just can't stop building @DuneAnalytics dashboards! This time enhanced wallet statistics with @VitalikButerin wallet as a demo. Put your wallet address to check your own stats: https://t.co/EfBt1Zk3J1
I wrote up a detailed piece on how we can combine web2 and web3 tools to automate the mess of angel investing.
The key concept is a mirrortable, which is to a cap table what a stablecoin is to a fiat currency.
https://t.co/szVYsHPsG1
1/ We're excited to announce v3 has been deployed on @0xPolygon! ๐จ
As a leading scaling solution, Polygon offers low gas fees and fast transactions, with over 3000 applications hosted and 1B transactions processed! ๐
The World Economic Forum (@wef) just released a DeFi toolkit for policymakers ๐
If anyone asks, tell them that in one year:
๐ธ Total value locked in #DeFi grew from <$1B to $60B+ (cc @defipulse)
๐ฉ๐ฝโ๐ป Unique Ethereum addresses grew from <100M to ~160M (@etherscan)
1/
We are thrilled to announce that Balancer V2 is live ๐
Everything you need to know about the most flexible and efficient AMM โฌ๏ธ
https://t.co/bVy7w8EGoq
1/
๐ฆ We are thrilled to announce that Uniswap v3 is now live on Ethereum mainnet!
https://t.co/liqYXtQoM2 has been updated to support v3.
https://t.co/VeR2ueZfEk
ETH flipping BTC increasingly possible when you consider:
1. ETH powers DeFi & digital metaverse
2. ETH issuance slows down/negative w/ EIP-1559
3. Staked ETH generates cash flow
4. Demand for ETH increases due to drivers #1-3 and becomes reflexive