What I’ve Been Reading 📖

Built-in Bribes from the beginning, with Whitelisting and Commissaire for game theory security are excellent out-of-the-gate features. The ve (3,3) tokenmomics seem to lean toward enriching initial investors which I don’t know if it’s necessary.

Users stake $AVAX to create their own chain, then use a native token as gas. DFK transactions on an AVAX subnet cost about $.02 in JEWEL. Point still for Harmony being cheaper.

DAOs must find a way to try to diversify native token treasuries into stables or other assets to protect operating capital in market downturns. 2021 treasuries got slaughtered, while 2022 treasuries fared better using bonding mechanisms, holding ETH/BTC and yield farming stabelcoins.

The underlying financial mechanisms in traditional finance will be completely replaced by DeFi tools enabled by blockchain efficiencies. It will be very a long and painful process - but it is inevitable. We cannot forget the gravity of what we are building and must stay persistent though dark periods.

Pangolin is a feature-rich “UniV2” on AVAX that hopes to go cross-chain soon. Their governance token is owned predominantly by the community.

Similar project. Rebasing mechanism seems unnecessary. Great details on the bribing mechanisms - will be useful for our PRD.

It’s critical to be mindful of where the initial tokens are emitted and which actors have voting power. A reckless airdrop can undermine the entire protocol mechanics.

A good ELI5 breakdown of tokenomics. Who controls the supply is everything.

Incentivizing a pool with the same asset in the pool can be detrimental

RSK is enabling DeFi on Bitcoin. Exciting potential with our Bitcoin bridge.

There are many Bridges with different purposes. Bonded bridges seem to provide the broadest utility, while trust-less bridges carry the highest security.

Solidly took the voToken model and butchered the tokenomics by making the veTokens available to sell, no max cap supply, no fee sahring with LPs that a have a guage, as well as only sharing revenue from pools that one voted for - incentivizing malicious farming.

“Second, social protocols produce significant amounts of data and transactions. Every retweet, post, comment, etc., is a transaction. At a meaningful social network size (10–100 million monthly active users) would produce significant transaction amounts that far exceed current chain throughputs (Polygon currently has roughly 400,000 daily active addresses). This is by far the most significant challenge.” Cross-shard Harmony ftw.

UniSwap is in murky waters as to whether the Uni token is a security. They have more marks against them than for.

Hardware wallet, password manager, Proton mail/ aliasing

Alt-L1s struggling as their competitive advantage shrinks when ETH demand is low. Fee generation across the board down 60-90%. Ultra important to manage treasury wisely during bull runs and taper expectations during down-turns.

Music NFTs started to heat up in 2021 and are just getting started

Deep dive

Deep liquidity and a boatload of incentives were responsible for their success, but Curve has now evolved beyond just another application status - they have become a baseplate.

Design mechanics are everything

Several different types of investors in different markets