Austin Castellaw

Hybrid — Some projects like Frax Finance use a hybrid approach to find a balance between these issues. The peg to USD is algorithmically maintained, but they also have reserves available to handle periods of extreme volatility and market demand. This strategy seems the most likely to survive long term.

-The commitment track is committing to prioritize the DAO over a certain time frame and then based on your experience you receive a base salary.

Obligated/Friendly Votes are mostly happening in big DAOs. In this case members will give to others just because they personally like them or because another member has a “higher role’ so they feel obligated to give them something. it may also happen because you naturally have more visibility over what your friends are doing.

So, in summary, single, dual, or triple token models are irrelevant if the game's sink and sources are not thoroughly considered + target demographic + game objectives.  Personally, I favor a dual or triple token model that separates investor and player incentives.

I think one of the most important things is for protocol teams or communities to first figure out what it is that they’re trying to accomplish and what their token specifically will be used for. For a lot of work token models like KEEP, NuCypher, or The Graph, the token is used to provide a service — the token is serving as a tax medallion. And so... See more

Each node has to verify the validity of every computation the users send to the network on blockchains. One of the major bottlenecks of blockchains' scalability is how to increase computational bandwidth without increasing the verification cost, which is ultimately the decentralization guarantee of a blockchain. The higher the verification cost,... See more

Algorithmic — The value and supply of algorithmic stablecoins are controlled by code. If the demand for the coin starts to increase rapidly, the protocol automatically creates more coins to bring the price down. If the value drops too low, some of the supply is burned to bring the price back up.

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.