Austin Castellaw

-Tracheo says at yearn finance people were really open to the unknown and wasn't concerned about creating a corporate structure. The competitive advantage is the collective wisdom of the group emerged when there was a permissionless structure.

Reputation tokens on digital platforms typically serve two purposes:

Summary: If you assume the next 5 years of crypto venture funds produce blended 10x returns, then (based on recent investing volumes) these cohorts of token projects will need to produce an estimated $2T of market cap and over $800B of float would enter markets on a 5-10 year time horizon. This cannot be absorbed by retail; it will require... See more

-Spencer describes how they use coordinape to reward people who chose a more flexible track where contributors work on projects and submit proposals on how much they should receive in compensation.

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.

To identify and reward the users who have contributed value to the platform—a form of signaling, which those users can parlay into public reputation.

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.

-Aligned incentives have a big role in the success of DAOs along with giving people power over their work or having a piece of ownership. It can also serve as a personal expression about what you care about.