OP Collective just lost 94% of it's fee revenue sharing.Base paid 13.15 ETH/day vs 0.84 ETH from every other Superchain chain combined.In return, Base received 118M $OP tokens over 6 years.But with $OP at $0.18 today (down on the news), that deal looks very different than when it was signed at $1.50.wilson.base.eth (@WilsonCusack):A new, unified stack for Base ChainExcited to share that we are evolving our technical roadmap, consisting of our own spec, code, and infra to accelerate the foundation of Base. T ...

Ok, I will go full retard:Suppose the US government, or FBI starts to bribe or even threaten Ethereum Foundation employees to push some code.Or maybe put sanctions on them for developing infra that helps Iran avoid sanctions. Like the devs of Tornado cash.Maybe token governance is more resilient than the people that run the Foundation? ...

What would it take for $ETH to switch to onchain governance?Right now Ethereum governance is offchain:Core devs propose EIPs, the community debates, and social consensus decides what gets implemented.Staking gives you validator power and yield but zero say in protocol direction.So currently even DeFi tokens like $UNI and $AAVE have more utility in governance than $ETH.Vitalik opposes token voting for protocol governance as anyone with enough capital could buy 51% and capture governance.But that's unlikely b ...

RT Marc ”七十 Billy” Zeller (@Marczeller)https://t.co/lVJphWg8ju ...

RT Ignas | DeFi (@DefiIgnas)One day, BlackRock buying $UNI and Apollo buying MORPHO will look like obvious key crypto turning point.I say one day, because the market is underpricing these moves.TradFi companies entering crypto not via ETFs but direct token acquisitions is a big deal.They'll likely use tokens for governance allowing them to influence the rules of the infra they use.This matters because 1) governance stops being a pure meme, and 2) it also brings institutional expertise to our onchain world.M ...

One day, BlackRock buying $UNI and Apollo buying MORPHO will look like obvious key crypto turning point.I say one day, because the market is underpricing these moves.TradFi companies entering crypto not via ETFs but direct token acquisitions is a big deal.They'll likely use tokens for governance allowing them to influence the rules of the infra they use.This matters because 1) governance stops being a pure meme, and 2) it also brings institutional expertise to our onchain world.Most importantly for our bags ...

RT Ignas | DeFi (@DefiIgnas)The only way I'll make real money from Polymarket is the $POLY token.I don't have an edge in sports betting or political events (no insider info).I'm not confident enough to size up against rates traders or other economic data.Arbitraging between Kalshi & Polymarket seems too late now to compete with MMs.Hedging my crypto longs is the only trade that actually makes sense for me.Thus airdrop with the highest multiplier for early adoptoooors is my biggest hope.And, if that happens, ...

The only way I'll make real money from Polymarket is the $POLY token.I don't have an edge in sports betting or political events (no insider info).I'm not confident enough to size up against rates traders or other economic data.Arbitraging between Kalshi & Polymarket seems too late now to compete with MMs.Hedging my crypto longs is the only trade that actually makes sense for me.Thus airdrop with the highest multiplier for early adoptoooors is my biggest hope.And, if that happens, trading the token itself is ...

RT Ignas | DeFi (@DefiIgnas)Sexy proposal by Aave Labs:- 100% of the revenue to the DAO- Aave branding IP given to a new FoundationI've been critical of Aave Labs exactly due to value leakage from the DAO.But this seems like a big compromise from Aave Labs that $AAVE holders should like.Instead of revenue, Aave Labs would ask for an annual budget from the DAO.I truly believe that whatever the amount, builders, BD, marketing etc. should be generously rewarded for their work.We've seen what happens when build ...

RT Ignas | DeFi (@DefiIgnas)Base app charges a 1% swap fee.That’s why I wouldn’t use it beyond 'testing' the app.But a 1% fee is very attractive if I knew I’d get a $BASE airdrop.Heck it, maybe even a 5% fee is worth it.This is what Vitalik writes: "Charging users fees, but paying them back in protocol tokens, I think is also reasonable: it's effectively turning your users into your investors by default, which seems like a good thing to do."I believe more apps could rank up their fees in exchange of tokens. ...