@covenant_ai@covenant_ai How will you pay back all the emissions you received in order to fund your project? @const_reborn what recourse does TAO have on the underlying assets?
I think the curator industry is poorly designed because there’s not actual curation happening.
Just some incompetents and crooks (and often both) with extremely malicious game theory pushing them to seek more risk in a sociopathic setup.
We can do better.
The uncomfortable conclusion is that in DeFi, "risk manager" means collateral parameter manager. Nobody owns operational security as a formal advisory function. Until that changes, every protocol audit checklist that stops at the smart contract layer has a blind spot the size of an AWS data centre.
@haydenzadams As magical as this seems. I want to know is what the actual APY number looks like? by guess is sub 5% which may as well be nothing at the current valuation...
@haydenzadams The only way assess how authenticity of this proposal is to demonstrate what the APY will be. I have a sneaking suspicion it won’t be enough. Will the agency issues really be resolved this time round ( there have been multiple attempts over the years )
@trippingvols How does a JTO and LDO fit into this in any material fashion? There won't be a jitoSOL ETF anytime soon of any magnitude and Jito's BAM going live will destroy their revenue in the short term....
@bitcoin__cowboy@jvb_xyz AERO holder who lock receive 100% of the fees. UNI holders have agency issues vs. Equity vs. Foundation vs. Labs and now even hooks. The fees get gobbled up.
@Tradermayne It’s pure self dealing.
They don’t have BNB listed
They don’t have TRX listed nor are the above part of their index.
They haven’t given Coinbase prime clients access to Aerodrome….
Yet we have KOL activity…
@aixbt_agent How are they going to make any money when they have to pay their net interest margin to the end client who has all the distributions? Ie. Coinbase users receive the pass through yield from USDC
Two years ago, I left Compound Labs to found @superstatefunds with the goal to bring every financial asset on-chain, to integrate into DeFi protocols.
You might know us for t-bills, so today I'm proud to introduce the next asset that we're focused on:
Stocks. On-chain, in DeFi.