Ruby Finance

The first algorithmic token pegged to $USDC on Kava.eth chain.
Joining Kava Pioneer/Rise Program
$KAVA

[Aperture Finance @ApertureFinance]

7%

3/25/2024

Long Live Points

[Aperture Finance @ApertureFinance]

Aperture 🤝 PancakeSwap

[Aperture Finance @ApertureFinance]

Long Live Points, Long Live Snapshots.

The INTENTional Campaign (7%) is LIVE.

$APTR #INTENTS

[Aperture Finance @ApertureFinance]

👩‍🏫 Whiteboard DeFi: How AI Powered Intents Work

- How will AI shape all commerce in the coming years? - And how will this revolutionize our on-chain world?

[Ruby Finance @Ruby_Protocol]

Great wrote up about the centralization on #Kava

The problem is that not many users(except for active community members) know the Kava team has dominant voting power to control results.

Kava is a relatively old chain in COSMOS eco-system, but is far from decentralization.

[dimi 🦙 @dimiandre]

1/ In this new episode of Governance in Cosmos: let's talk about Kava proposal #96 and the general governance situation on that "decentralized" blockchain.

The proposal has been rejected a few hours ago, and I took some time to extract on-chain data and see what happened 🧐

[Ruby Finance @Ruby_Protocol]

@dimiandre Thank you for sharing this sheet.

One question:
How did you detect "Kava Labs / Foundation / Team Member"'s wallets?

I know some of their wallets but didn't expect 17 wallets in total.

[Kavaskous @Kavaskous]

I was tagged in this thread & taken aback once I realized a protocol ON the $KAVA chain is calling out the developers for doubling the $KAVA supply in a year in questionable ways.

Check it out #IBCGang/#Cosmonauts.

[Crypto Curious @CCosmonaut_]

@Scott_Stuart_ 1) Scott it seems Kava labs should just have been excluded from payouts all together. Then set better minimums on how/who gets the payments. Maybe a modified proposal. Why dilute token holders to essentially excessively increase Kava Labs platforms.

[DexPad on @0xMantle @0xPolygonZK and @Shardeum @DexPad]

@Scott_Stuart_ Do you think its a fair competition to put own protocols has fruntrunner with existing liquidity of 300 millions?

[DexPad on @0xMantle @0xPolygonZK and @Shardeum @DexPad]

Do we have any official answer on this @Scott_Stuart_ or are you going to ignore it as you are doing for the last many weeks? Why create a program to take Kava from Stakers and then distribute it between your own 3 protocols? @kava_platform

[Ruby Finance @Ruby_Protocol]

@crypto_jk_ no, we didn't rug pull

[Ruby Finance @Ruby_Protocol]

1/ What's happened in Developer incentive program on Kava chain:

In short,
Kava team distributed 99% of the reward to team's wallet while other outside developers received 1%.
https://t.co/Z6WSURZ4w4

[Ruby Finance @Ruby_Protocol]

@SushiSwap @AaveAave @curve_dao @saddlefinance @SurfswapDEX @photonswap_fi @CosmostationVD @routerprotocol @AnnexFinance @dForcenet @jupiter_swap @kogecoin @unoreinsure @beefyfinance @openbisea @MoonfarmFinance @cosmosinstantly @Kavaskous @KavaKnights @osmosis @Definews_Info @DeFi_Volcano @DexerXP @Defi_Eagle @CosmosHOSS @ObjetivoCrypto @MrCryptowisser @Altcoinbuzznews @vfat0 @L1am_Crypto

[Ruby Finance @Ruby_Protocol]

@SushiSwap @AaveAave @curve_dao @saddlefinance @SurfswapDEX @photonswap_fi @CosmostationVD @routerprotocol @AnnexFinance @dForcenet @jupiter_swap @kogecoin @unoreinsure @beefyfinance @openbisea @MoonfarmFinance