An initiative to bring DeFi to the mainstream. Funding and guiding projects that build on top of established DeFi ecosystems.
Valuing Governance Tokens
TLDR:Governance tokens are critical assets to manage protocols, but currently get their value from second-order effectsThe delegation framework is a first step, but just a stopgap to a larger problem.Governance token holders should be rewarded for contributing, with payment coming directly from protocol revenue.What directly and inherently incentivizes someone to contribute to managing and steering an onchain protocol? The blunt, unfortunate answer, is nothing – incentives are generally intan...
Valuing Governance Tokens
TLDR:Governance tokens are critical assets to manage protocols, but currently get their value from second-order effectsThe delegation framework is a first step, but just a stopgap to a larger problem.Governance token holders should be rewarded for contributing, with payment coming directly from protocol revenue.What directly and inherently incentivizes someone to contribute to managing and steering an onchain protocol? The blunt, unfortunate answer, is nothing – incentives are generally intan...
Exploring a Test for Decentralized Protocols – In-Depth
AbstractThis exploration aims to provide a comprehensive definition and framework for identifying decentralized protocols within the context of distributed ledger technology. It outlines key attributes that decentralized protocols must possess, including fault tolerance, resilience, attack resistance, transparency, and collusion resistance. These attributes form the backbone of Web3, the internet of value, and are essential for ensuring operational integrity and user self-sovereignty. A decen...
Exploring a Test for Decentralized Protocols – In-Depth
AbstractThis exploration aims to provide a comprehensive definition and framework for identifying decentralized protocols within the context of distributed ledger technology. It outlines key attributes that decentralized protocols must possess, including fault tolerance, resilience, attack resistance, transparency, and collusion resistance. These attributes form the backbone of Web3, the internet of value, and are essential for ensuring operational integrity and user self-sovereignty. A decen...
Exploring a Test for Decentralized Protocols - Brief
Rationale for a Testing FrameworkUsers of decentralized protocols, such as blockchains and blockchain-based protocols, put a lot of faith in the code that they’re interacting with – the constant worry of “Am I going to get hacked?” – but just under the surface is the importance of decentralization in a protocol, and with it, the ability to remain self-sovereign when using it. Plenty of brainpower and Twitter threads have dedicated hours defining decentralization's dynamic nature. Still, ...
Exploring a Test for Decentralized Protocols - Brief
Rationale for a Testing FrameworkUsers of decentralized protocols, such as blockchains and blockchain-based protocols, put a lot of faith in the code that they’re interacting with – the constant worry of “Am I going to get hacked?” – but just under the surface is the importance of decentralization in a protocol, and with it, the ability to remain self-sovereign when using it. Plenty of brainpower and Twitter threads have dedicated hours defining decentralization's dynamic nature. Still, ...
From Chokepoint to Checkpoint
Much of the recent news around Chokepoint 2.0 has led to a flurry of takes around the stifling of innovation and the creation of analogies to previous inflection points in US history, including the advent of the automobile, privatized space travel, and the internet itself. The general idea that the United States is giving a leg-up to competitors by trying to shut down crypto is not a new concept, we even wrote about it last year. What Financial Institutions Stand to Lose Without Embracing Thi...
From Chokepoint to Checkpoint
Much of the recent news around Chokepoint 2.0 has led to a flurry of takes around the stifling of innovation and the creation of analogies to previous inflection points in US history, including the advent of the automobile, privatized space travel, and the internet itself. The general idea that the United States is giving a leg-up to competitors by trying to shut down crypto is not a new concept, we even wrote about it last year. What Financial Institutions Stand to Lose Without Embracing Thi...
Nayms
The transfer of risk in traditional financial markets is opaque, slow, and inefficient. This can be found across a variety of verticals, with one of the silent giants being insurance. By introducing blockchain technology, the transfer of risk immediately becomes transparent and more efficient. As it pertains to insurance, decentralized options utilizing blockchain exist, but in order for major providers to get involved, a marketplace that has the appropriate regulatory approvals is needed. Na...
Nayms
The transfer of risk in traditional financial markets is opaque, slow, and inefficient. This can be found across a variety of verticals, with one of the silent giants being insurance. By introducing blockchain technology, the transfer of risk immediately becomes transparent and more efficient. As it pertains to insurance, decentralized options utilizing blockchain exist, but in order for major providers to get involved, a marketplace that has the appropriate regulatory approvals is needed. Na...
