DAOrius is decompiling money |π±, π±| πΊπ¦
@vicariousdarius
πΈπ³π·ββοΈ working on βββββββ * Polymath Larping * Misanthropic Humanist * e-beggar * Ikigai chaser | Β°In Math I trust, and even then I need proofsΒ°
@AndreCronjeTech "Too big to scale"
At a large enough size -> Ethena will become the largest holder of perp shorts -> can tilt the market towards the shorts in bull season -> funding rate goes negative + ability to liquidate or rebalance becomes harder -> can deplete reserve -> depeg -> panic.
All this Ethereum/Solana "scalling wars" bullshit is getting stale...
Fragmentation IS decentralization.
The end goal is NOT to consolidate.
It's to interoperate seamlessly.
Cosmos got this right, and so many more things....except marketing.
@hasufl@llamaonthebrink In the stablecoin design space, a CDP is but a modified&automated version of a Gold Standard.
Scalability is an inherent flaw/feature depending on who you ask.
Imho, the root flaw is DeFi's obsession with "stable"coins when the true innovation lies in flatcoins and floatcoins.
@AutismCapital Hal Finney was boomer.
Nick Szabo? Yup, boomer.
David Chaum, guess what? boomer.
Cypherpunk movement origin? Boomers.
Satoshi? Boomer by most accounts.
Trying to romanticize it as generational warfare is disingenuous and intellectually lazy.
Signed: non-biased Millennial
@ametel01@banteg@peter_szilagyi This is a stop gap solution, doesn't really solve the underlying issue.
OSS is to be inclusive and participatory; this limits that.
Long-term solution is better incentive design imho.
@EthosVentures@WillbBTC Another way to somewhat balance this is to, instead of preventing vesting token staking, also vest any token rewards accrued. Ergo, backers cannot dump staking rewards on retail, but they aren't also forcefully diluted.
How to fight github airdrop spam:
1 - Require a wallet address to link to PR.
2 - Require a $ amount to be escrowed from said address through the official eligibility checker.
3 - If PR deemed obvious airdrop spam, keep escrowed amount and blacklist address from the airdrop.
@EliBenSasson@abdelstark This is the caliber of people you want running your eco, seriously?
Not calling for crucification, but condoning abhorrent behavior is unbecoming.
Just try not to dump your strk bags in two months on your community, so affectionately referred to as "e-beggars".
Do better.
@Mudit__Gupta@kain β’ Weighted Call Options Airdrop: qualified addresses with the highest allocations get the choice between a vested allocation with +1 year minimum lockup or getting airdropped call options of the project token.
@Mudit__Gupta@kain A few ideas:
β’ Public/Private snapshot dates: One public, one private after the public one(never revealed). Resting balance + activity analysis post public snapshot announcement.
β’ Dynamic Vesting Allocations: allocations increase and decrease based on activity post claim.
@moo9000@chainyoda I guess waiting almost 2 years to airdrop said token after TGE to then do it 2 months before insider unlocks (VC's, team, etc..) makes it ok then. ππ½
Plus the insider accounts, plus the github name vs ID issue...etc
The mental gymnastics are Olympic level here.
@jelenaaa____ 1 - Most ATOM holders are BTC holders. Those for sure care.
2 - The devilβs in the details, depends on the particulars of the implementation. If ATOM is gatekeeping rewards, then no.
3 - Overlap on security, decentralization, and infighting, but mostly infighting.