RT Ignas | DeFi (@DefiIgnas)$UNI yesterday, $LDO today proposes buy backs.Lido’s buybacks start only when:- ETH above $3k;- Yearly revenue above $40M- If both are true, 50% of the extra revenue buys LDO.(Numbers not final)This makes buybacks anti cyclical.In good markets Lido buys more LDO.In bad markets buybacks slow down so the DAO does not drain its treasury.Lido pairs bought LDO with wstETH and adds it to the LDO wstETH LP, removing LDO from circulation and boosting liquidity.The yearly cap is $10M and ...

Crypto keeps dumping out of the blue.No news. CT quiet and also doesn’t care.Tired of winning. ...

bonus points for explaining WHY! ...

Off-topic, but what are your top 3 destinations for digital nomads in the winter?Must be:- Safe- Easy to find a community of young digital nomads- Great weatherBonus for luxury locations (although those are usually full of older people) ...

Love the big debate on which rev model is better:- Lock and redistribute tokens to stakers (veModel)- Buy back & burn- Other?Curve's research concludes veCRV locking "superior impact on token scarcity."True, but ve tokens are only temporarily out of circulation.Eventually they CAN unlock and CAN hit the market again (though Convex et al. protocols DO PERMANENTLY lock those tokens)(although crypto. com scammors unburnt the burnt tokens anyway).I still like staking and locking because non-participants subsidi ...

Btw, as a Lido delegate, I'm happy that $LDO buyback proposals are starting.If you hold $LDO, pls pls pls delegate your voting power to me:0x3DDC7d25c7a1dc381443e491Bbf1Caa8928A05B0 ...

$UNI yesterday, $LDO today proposes buy backs.Lido’s buybacks start only when:- ETH above $3k;- Yearly revenue above $40M- If both are true, 50% of the extra revenue buys LDO.(Numbers not final)This makes buybacks anti cyclical.In good markets Lido buys more LDO.In bad markets buybacks slow down so the DAO does not drain its treasury.Lido pairs bought LDO with wstETH and adds it to the LDO wstETH LP, removing LDO from circulation and boosting liquidity.The yearly cap is $10M and current revenue levels mean ...

The OG vision of crypto decentralization is struggling:- Decentralized stablecoins? LUSD is alive yet USDC/USDT dominate the market- More supply of Bitcoin and ETH moving to ETFs- DAOs are centralizing (DAO tokens become revenue valued assets)- Most ICOs require KYC- Multiple L2s/L1s shut down their chains following Balancer hackNot all is dark:- Ethereum's L2s are moving from Stage 0 to Stage 1 decentralization- Self-custody is still viable for BTC, and ETH despite growing ETF inflows- DEXs challenging CEX ...

Or this Arbitrum proposal "A Vision for the Future of Arbitrum""Many of the bottlenecks facing the ArbitrumDAO is due to the lack of participation from The Arbitrum Foundation and Offchain Labs…We think it is time to rectify it and to be more actively involved to support the ArbitrumDAO."or“We expect the number of proposals will significantly diminish in favor of more informal feedback loops… before anything reaches the DAO.” ...

This OP governance post is eye opening where DAOs are heading:Op "embarked on a large-scale experiment in decentralized governance""As we experiment, we learn more about the balance of power and other dynamics within our system""Systems that are rigidly defined and slow to change struggle to adapt to changing conditions and often stagnate, losing to faster competitors or failing to innovate.""it’s time to update the governance system so that the Collective benefits from best-in-class decision making protoco ...