I’ve been seeing sentiment down across the industry these past couple weeks. As someone’s who been a part of the industry for years I’ll provide some unsolicited feedback for marines that hopefully can lift spirits
Clarity Act is around the corner. This cannot be hyped enough. However big of a deal you think this is, think bigger
Clarity Act is the last pin to drop to unlock 100s of trillions of RWAs coming onchain
As Sergey has stated “Once we solve compliance, privacy and connectivity - we will quickly accelerate the $100s of Trillions… that (institutions) frankly wants to go to this environment”. Chainlink has solved this, all configurable via the recently launched Chainlink Runtime Environment
The true last hurdle that needed to be overcome once the technological hurdles were overcome is regulation. Even if institutions can now move onchain, they won’t at scale until they get the green light from regulators. They aren’t willing to take unnecessary risks especially now that regulators are motivated to get clear rules set
People have pointed out that Sergey appears to have gone temporarily “underground”. Well what would cause him to do so?
The answer is obvious. He’s helping shape public policy and attending meetings regarding Clarity Act, ensuring it gets passed & favorable conditions for the Chainlink Network. There’s no better use of his time than focusing on Clarity Act
Once Clarity Act passes I believe the acceleration to $100T+ onchain will be underway. As a marine this excites me
What is also exciting as a marine is what that means for $LINK tokenomics and how they market $LINK. Chainlink Labs has always been cautious in regards to tokenomics, fully ensuring that $LINK eventually becomes considered a commodity by law. Remember long term prioritization of the Chainlink Network and its native asset > anything else
Once Clarity Act passes and $LINK fully becomes considered a commodity, I think they will be much more aggressive with implementing the Chainlink Economics 2.0 roadmap
So TLDR: Clarity Act passes -> $100T+ in motion to come onchain -> usage of Chainlink services goes through the rough & with that revenue converted to $LINK -> the full utility of $LINK that’s long been possible can now be green lighted internally
Of course I’m just speculating so as always think for yourself and DYOR but nonetheless these are exciting times for us marines
Sleep comfy and look forward to the next 12 months. Our industry could look completely different in a year
Lastly, Chainlink will win
$CLAWD + $EMBER is a Mario & Luigi level stack
$CLAWD to $100M by EOM looks inevitable, while $EMBER looks able to capture $25M over the same period
A lot of smart wallet activity on both
A lot of Solana wallets entering
S tier narrative x2
Good things come in pairs!
The recent DAO vote has wrapped up, and it has raised important questions about the relationship between Aave Labs and $AAVE token holders. This is a productive discussion that’s essential for the long-term health of Aave.
While it's been a bit hectic, debate and disagreement are features of decentralized governance.
I want to state clearly: I am committed to making the economic alignment between Aave Labs and $AAVE token holders more clear. We haven't done a great job explaining this and will do so going forward. Another thing that’s gotten lost in this conversation is that the DAO has earned $140M this year, more than the past three years combined, and $AAVE token holders have control over this treasury.
In the future, we'll be more explicit about how products built by Aave Labs create value for the DAO and $AAVE token holders.
I also want to address my recent $15 million purchase of $AAVE. These tokens were not used to vote on the recent proposal and that was never my intention. This is my life's work, and I am putting my own capital behind my conviction.
Lastly, the Aave ecosystem is large enough for many service providers to succeed, and we will continue to support and collaborate with teams building on the protocol. I am confident that by working together, we will build a stronger and more aligned future.
$AAVE will win.
Brian launched his own token on Zora (likely by accident, as Zora have removed the frontend trading options for it) but you can still trade it onchain here: https://t.co/dm6HiNwEAz