@alexfeinberg It’s also incredibly impressive how they did all of this while simultaneously being absolutely obliterated off of alcohol 90% of the time
$TIME is trading at $6,075, but the backing per $TIME is $2,210.
1 month ago the price of $TIME was $8,000, but it was only backed by $1,100.
So $TIME is actually cheaper, but it's worth more.
Probably nothing...
Some thoughts on the state of DAOs 🧵
1/n Today DAOs most often operate as direct democracies, where every token holder votes on every decision. This is incredibly inefficient (immense coordination requirement) and makes DAO intentions overly public (creates front running risk)
1/2 💜 Dear @MIM_Spell community
📒 We submitted a proposal to deploy Abracadabra Money on @0xPolygon.
We believe this is the right moment for this deployment to happen as the vision of 🐸 Nation & #Polygon is very much aligned for the reasons mentioned in the proposal.
The trifecta 🎩 🪄 🧊
🎩 $TIME @Wonderland_fi - treasury is invested in @PopsicleFinance Sorbetto PLPs: a diverse portfolio of asset backed bonds
🪄 $SPELL @MIM_Spell - PLP’s deposited on Abracadabra, & increase the circulation of $MIM
🧊 $ICE - stakers earn from Sorbetto
♻️
Fantom's ethos is to create a technology that has the lowest impact on the planet.
Yearly, Fantom:
🔹 consumes less than one single US home
🔹 11 million times less than Ethereum
Also, a single tx on Fantom consumes 52x less energy than a Visa tx.
https://t.co/em6Ow9GUDH