yasha

creating cool defi. core contributor @splashprotocol/@snekdotfun

[Cardano Foundation @Cardano_CF]

We are happy to announce a Cardano x Draper Dragon x Bitcoin side event to Token2049.

Funded by Cardano Foundation and Draper Dragon.

We look forward to sharing more details soon.

Thanks for the X space Draper @OrionFund team!

[yasha @yashablack]

would be good to see at least a small lovely pump from here 💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚💚

[yasha @yashablack]

constantly receiving funding is not a sustainable model as we can see. you receive, burn and don't know what to do next. usually you go for another round as you used to, but money tends to run out if there is no source to get it back for value.

funding must serve as a bootstrap for builders to build a sustainable business model and a growth loop.

unfortunately 100% of cardano projects are dependent on the upper brand – which is cardano itself. the ecosystem is a nested pie business-wise. and if cardano brand fails or better to say if people who are running the cardano brand directly and have responsibility for it fail – every cardano project gonna fail automatically like a cascade. price of ada is very important for builders simply coz salaries are in fiat currency. the higher the price the more time projects have to build and grow.

but what we see?

there is no responsible person for the upper brand – cardano. charles recently said "what can I do, it is decentralized and I'm not in charge" (not a direct citation). this means we don't have leadership anymore. at least for now. no blame or smth btw, it's his decision and i have nothing to do with it even though i am dependent. no one can do anything about that. crying in socials is not a solution. the solution is to act based on a new context which is given.

[yasha @yashablack]

who's leaving the cardano ecosystem today?
don't forget to post about it in X, please 🤡

[yasha @yashablack]

nice question

any online business looks like this

users->product->revenue->profit (repeat the loop)

taptools guys saw that their business is declining and they have like 6-12 months of runway left. everyone in their team understands that the "users" component growth for the cardano ecosystem is unlikely and hence there is no sense to run a product because it won't generate revenue and -> profit.

[yasha @yashablack]

cardano tears are everywhere

[yasha @yashablack]

@JaromirTesar @TapTools shame

[TapTools @TapTools]

After four years of building for Cardano, today we have difficult news to share.

[yasha @yashablack]

@IntersectMBO happy to help with liquidity provision using capital-efficient tooling

[yasha @yashablack]

@ercsa7 @ElderM @splashprotocol hi @ercsa7,
we would want to apply. however, we saw the public communication only when the deadline has been already missed.

@ElderM is it still possible to apply?

[yasha @yashablack]

@IOHK_Charles let's goooo

[yasha @yashablack]

there is no plan, what was promised was delivered, huh? every grant system works like this. no one promised you to continue the development, which includes talking with the institutions and liquidity. you asked "give us stablecoin" they gave it to you for money from the treasury. that is it. next time, be careful about what you ask 🤣

[yasha @yashablack]

@rvcas bb

[yasha @yashablack]

@MinswapIntern @ycombinator 😊

[yasha @yashablack]

the @snekdotfun app literally shares with successful creators (whose token is bonded) more it earns itself. you need to give to succeed. you need to love users for growth this is the cardano way

[yasha @yashablack]

@JureKaramarko @snekdotfun @snek building smth users actually use

[Jure @JureKaramarko]

This is big news for the entire #Cardano ecosystem. While others are fighting for free $ADA and writing proposals knowing they will never deliver anything, @snekdotfun & @snek keeps delivering... ❤️ $SNEK

https://t.co/YY66OMPdkk

[yasha @yashablack]

@joaomendoncaaaa true

[yasha @yashablack]

~30% of cardano defi transactions are generated by splash and snekfun

and this is without having the midnight liquidity pool coz they are ignoring us for some reason

anyway, happy to be a part of something big and pushing hard with only community support

btw @midnightfdn @MidnightNtwrk, wen u launch a pool?

[yasha @yashablack]

@snekdotfun can we get some media coverage from the founding entities?
@Cardano_CF @Cardano @emurgo_io @IOGroup