Austin Castellaw

Defensibility in web2 comes from proprietary data network effects. Each application is a walled garden, and a bigger user base translates into more utility vs. competitors.  The social network with most data, content, users, etc. is more valuable.

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

Capital is flowing into crypto. Over $20B in crypto funds have been raised since the start of 2021 per Dove Metrics. Dry powder is abundant, but liquidity is asymmetrically distributed. Most capital is focused on early-stage, private projects. That’s not sustainable. While retail investors have been able to consume the float of historical crypto... See more

-Power naturally falls into a small group of people so you have to be intentional about giving away power as there are common roles that people can fall into. 

Revenge Votes are mostly happening in small DAOs in which members usually allocate to all members. If someone gives you an amount that you don’t find acceptable, you will also allocate a small amount to this member.

-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.