-Many projects start centralized and then try to decentralize over time for yearn finance they started very decentralized. Need to be aware of "shadow networks" that develop with an organization, it doesn't mean there is a conspiracy but a natural psychological tendency to form networks.
If the token distribution is easy to game, value extractors will find a way maximize the number of tokens they earnTokens spent on these entities have a negative benefit, as the project doesn't receive real users or growth in return
This is a fundamental shift in blockchain scaling.Running a game completely on-chain on a monolithic blockchain is economically unfeasible and will remain so for the foreseeable future. That is why most of the blockchain games that have been released in the past few years are in a hybrid form, having only a few components of their stack on-chain... See more
The total market cap of all stablecoins is close to $200B. This represents around 10% of the entire crypto industry. They have quickly become a critically important piece of most DeFi products. There are several ways to create a dollar-pegged token, and each strategy comes with some tradeoffs.
-Yearn started just doing grants or gifts for contributors after they did great work. Some studies have shown that financial incentives can inhibit creativity. Coordinape is based on the gift economy where every month there is a budget and the members receive give tokens which they can give to people and people receive compensation based on those... See more