The Yield Question No One Wants To Address

In many crypto projects, the largest holders end up being just the people who were aware of the project earliest. But those early adopters are not necessarily the most valuable to the future of the ecosystem. So it is essential to maintain incentives for ongoing contributions and engagement. One natural way to achieve this in a two-token framework ... See more

Many people are rightly skeptical about the play-to-earn model in gaming.The most important question that will determine the destiny of the industry is this: can more money flow out of a game than what was put in?

It is risky for protocols to only have their own governance tokens in their treasury. If Uniswap has only UNI in its treasury and the token price falls by 40%, its balance sheet would also shrink by 40%. This is dangerous because it occurs at a time when the protocol needs to ramp up spending, whether it is LP subsidies, token buybacks, or core dev... See more

The sillier conversations have been happening on the PoS side. There are a lot more variables at play to get confused over, and we all want our own bags to be special. But we need to stop looking at silly metrics then drawing incorrect conclusions around sustainability. It’s silly to say that Solana is unprofitable or unsustainable. At most, you ca... See more