From Sand to Stone: Two GCs on the New Legal Foundation Shaping Crypto's Future 🏛️
In episode five of Layer One, @imyoungsparks and @stvngts were joined by @AvaLabs GC @leelaughs5x and @plumenetwork GC @banamlas, to discuss how the Senate bill turns crypto's legal foundation from sand to stone, and what that means for the next generation of builders 🏗️
The group also touched on:
• Governance tokens
• Decentralization tests
• What clarity means for builders
OUTLINE
00:00 - Introduction
01:28 - Salman's Path: CFTC to Crypto
05:52 - Lee on Token Sales & Legal Structures
08:17 - RWA Rights & Disclosures
12:26 - What Buyers Should Care About
15:15 - Pre IPO Tokenized Shares
18:49 - The Governance Token Question
22:03 - The Decentralization Test Debate
28:13 - What Clarity Means for Builders
36:41 - TradFi's Crypto Play
44:31 - Open vs Closed Networks
51:20 - Outro
Having eyes on the "prize" for too long, you get lost in vanity.
Take a look around, the beauty of intersectionality is what's meaningful.
Since we are in this space, let's mesh, let's get wild and messy. It's our experiment. innit🤗
https://t.co/tkfauXdKGL
Too lazy to read our EOY report? Here's a speedrun of it through charts:
- DeFi TVL lags behind median DeFi yields
- TVL was heavily positively correlated with US inflation
- US treasury yields go up -> DeFi yields go down
- Evolution of DeFi categories
Maximal Extractable Value (MEV) is holding blockchain back from fully reaching its potential.
And yet, few people understand the hidden tax behind each of their transactions.
Here, I outline the MEV solution landscape to shed light on the matter.
https://t.co/e2HVF4P4eO
Last bear market throw back when entire core CT may fit into a boat
Karl had good freestyle and @VitalikButerin was clapping (was a good meme!)
Many multi-cycle friends burned out, checked out, retired, quite quit or rage quit
I treasure those who choose to stay and commit❤️
This brings us to a new framework proposed by @sxysun1: 3EV.
3EV further categorizes forms of MEV based on value accrual and types of externalities. The 3 categories include Mafia, Moloch, and Monarch EV.
Ideally, we want 100% Monarch with 0 Mafia or Moloch EV.