There's an elephant in the @Uniswap room and it's called The Fee Switch.
The elephant exists to remind people that a business should generate revenue or at least have a convincing plan to do so in the future.
Let's take a deeper look at what's going on:
We've updated our @MakerDAO delegation addresses with @teemulau for Endgame.
You can delegate your $MKR to the 2 CVC strategies we follow here:
- https://t.co/iKUi5iIlHK.
- https://t.co/XRyQnADydX.
If you want to learn more about why you should delegate your $MKR, DM me.
A rare exponential curve in this bear market. @MakerDAO
75% of revenues are now RWA (incl. GUSD rewards). 🛠️
Governance also decided to distribute 1% reward yield to DAI holders. 🎁🎄
Gradually, then suddenly. 🚀
This same misconception plagues crypto still widely, another example:
"@Uniswap has billions of $ in their treasury"
The misconception probably arises from TradFi being much more liquid, leading often to IV ≈ RV.
Crypto is extremely illiquid and people take advantage of it.
But implied value != realizable value.
Anyone who's tried to sell NFTs in a falling market knows how painful it is to try to realize value in an illiquid asset:
As uncomfortable as it is, excess greed getting wiped out from this industry is good long-term.
In ten years, credible businesses should thrive and criminal companies should be bankrupt.
Crypto remains net positive for the world, nothing about this has fundamentally changed.
Success stories are often built in the bottom of bear markets.
Housecat is built for the masses, in the intersection of crypto + social.
The team will appreciate any feedback on the v1.
1/ Today we are incredibly excited to launch Housecat globally for anyone who is interested in getting access to the best Web3 investment strategies https://t.co/Lq2zWnlgxE
We’re first building on @0xPolygon and will start out with the tokens that have the most liquidity.
Three (🦄🦄🦄) new Uniswap Delegates have introduced themselves to the community in the forum over the past few weeks
1. @PennBlockchain
2. @mhonkasalo and @teemulau
3. @GammaStrategies
Read about their platforms & how to delegate (to them or existing delegates!) below...
In the early decades of the internet, when end-to-end encryption was developed, it was controversial. "Who would want privacy online, other than bad people!?"
But of course this technology became a key pillar of safe online credit card payments. We all use it now.
@haydenzadams@MakerDAO@Uniswap Most notably there are no options to vote on at the last step.
If we choose to interpret the last voting step as a decentralisation metric for Uni, you're point definitely stands, both for vote participation rate (~15%) and the distribution of votes.
1/ @MakerDAO has a 7 times higher vote participation rate than @Uniswap.
Maker’s governance is more decentralised than Uniswap's, partly due to its Recognized Delegate Program.
I put the data together, let’s see:
@haydenzadams@MakerDAO@Uniswap Hey Hayden, thanks for the feedback!
I think Uni Governance Proposals are more comparable to Maker Executive Proposals. They share a lot of similarities: Much fewer in amount, can have bundles of items, and almost always pass.
They're a stamp on the approved initiatives.
11/ Limitations to keep in mind:
- The analysis is based on addresses and 1 address != 1 person in some cases. Reality can be slightly more centralised for both protocols.
- Data was gathered from different time periods to get a sufficiently large and comparable data set.