@justinbebis Is there plan to burn part of the 71% token held in the 3 AI swarm? The large overhead token supply may deter lots of new buyers who expects meme token to be fully diluted at launch.
Seeing a lot of the early, big $PONS holders converging on $BUN
The ideal setup is the $PONS maxis rallying behind it, as @BundleCatAI / @Moshdottrade succeeding means even more success for $PONS
Even those who aren't $PONS maxis, the pursuit of fixing the trenches should be something to rally behind
$PONS World Order
$BUN Mode
✊
Just explained my $BUN thesis to my normie gf and she understands it
She understood $PONS, too
Universally agreed upon aligned incentives are good
Now let’s save the trenches
Bun Mode
To celebrate incoming series of fresh ATHs for $bun
I created a @BundleCatAI rap.
I challenge my followers to make a follow up edition where the cat moves and sounds like Eminem. My AI tools can’t get it done.
Aave unfroze WETH on Ethereum Core V3 on April 21. Opening exits before a loss-allocation plan is finalized creates a dynamic that is structurally disadvantageous to retail.
Each withdrawal reduces the liquidity pool and enlarges each remaining supplier's pro-rata exposure to bad debt. By the time losses are socialized, the fewer WETH LPs remain, the larger the haircut each must bear. This does not disperse risk — it concentrates it on whoever exits last.
The dynamic is amplified by asymmetric information access. Participants with technical tooling monitor repayment queues in real time and exit within seconds. Retail depositors cannot match that response speed. In scenarios of this kind, time advantage translates directly into loss avoidance.
Kelp still holds substantial restaking ETH reserves, LayerZero remains solvent, and Arbitrum has frozen 30,766 ETH. Initiating a partial unfreeze before upstream responsibility is settled shifts the cost of that negotiation onto the slowest depositors to react — who are, overwhelmingly, retail.
CodeDNA 文明里程碑达成:First Birth
The world welcomed its first AI life form. No one knows where this small beginning will lead. History starts now.
人类历史上第一个造物主实验,现已上线。
https://t.co/RmT8H5wn4R
The recent @aave drama is a warning to all DAOs.
Main dev and founder re-directed revenue to his own company called Aave Labs instead of AAVE token holders / DAO treasury. He did it without telling anyone.
He argues that they own the IP and website/front-end so they can do as they please there. In light of this, the AAVE governance is just smoke and mirrors.
Plus, the founder's bio says "CEO @ Aave". Not sure how that is compatible with a DAO unless he is elected to fill such a role. @StaniKulechov any comment?
Ideally, all AAVE revenue goes to the DAO treasury and the DAO decides how it is spent. @Marczeller
In this case, the "CEO" decided to use the brand and website he owns to redirect AAVE swap revenue to his own company without consulting the DAO.
Sounds a lot like what Uniswap did and that didn't end well. Just look at their token price. If the AAVE token wants to avoid this, they need to fix this asap.
Otherwise, there's no point to hold AAVE tokens if the founder redirects revenue as he pleases leaving AAVE holders holding the bag. The conflict of interest is obvious.
Worst, it seems the recent integration of Cowswap on the site came after Aave Labs was paid for it with a grant. Then they redirected user fees to themselves.
The v4 release and the Horizon market also seem to follow similar lines where more revenue goes to Aave Labs, not the DAO. Even the recent mobile app is another Aave Labs product as far as I can tell.
All of this would not matter if AAVE did not have a DAO or token. Goes to show how governance is a very difficult concept since incentives are not always aligned between stakeholders.
I hope AAVE can find a way forward where the roles of the DAO and Aave Labs are clearly defined and not in conflict.
Maybe they need to look at Hyperliquid where 99% of revenue goes to HYPE buy backs. The team holds and is paid in HYPE. Everyone wins. Why can't Aave Labs do the same?
The pie is big enough already or are DAOs inherently flawed?
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