Austin Castellaw

Laura Shin:

So let’s dig into utility. We’re going to cover:

-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.

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.

Fully backed and over collateralized — Every stablecoin issued is backed by reserve assets in a vault that represents more than 100% of the total Stablecoins issued.

-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.

And if nearly the entire audience who is playing the game is only there to make money, as soon as the earning possibilities go away so too does the audience, and then the game rapidly falls apart.