laurikainen.eth

Crypto research & investor. Prev: @SlushHQ, applied math @AaltoUniversity.

[laurikainen.eth @teemulau]

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:

[laurikainen.eth @teemulau]

Posted some fresh thoughts on the fee switch discussion at @Uniswap: https://t.co/pFIvcWWCSm

[Devin Walsh @devinawalsh]

@mhonkasalo & @teemulau are excited to bring Uniswap protocol on a financially sustainable path forward

https://t.co/ugPetJSB8Z

[mhonkasalo @mhonkasalo]

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.

[laurikainen.eth @teemulau]

@teemupai @aleksiloytynoja @EUROemoney @equilibrium_co @juhaviitala Super interesting and congrats! A legit Euro stablecoin is a key building block for many future crypto/fintech applications.

[SebVentures @SebVentures]

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. 🚀

[laurikainen.eth @teemulau]

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.

[Jon Wu @jonwu_]

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:

[laurikainen.eth @teemulau]

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.

[laurikainen.eth @teemulau]

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.

[Housecat @housecatlabs]

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.

[Devin Walsh @devinawalsh]

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...

[Hamid Naderi Yeganeh @naderi_yeganeh]

I drew this bird with mathematical equations.

[Lyn Alden @LynAldenContact]

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.

[laurikainen.eth @teemulau]

@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.

[laurikainen.eth @teemulau]

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:

[laurikainen.eth @teemulau]

@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.

[laurikainen.eth @teemulau]

fin/ Sources for the analysis include: https://t.co/sXvvFEqa2k, https://t.co/qvYA53OwHG, https://t.co/O5nPGQVU4Y, https://t.co/WawZKlBylh, https://t.co/YbdSrMZYDz, https://t.co/H8zpVr7sbe .

[laurikainen.eth @teemulau]

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.