xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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Non-transferable shares is the new tool to make Defi or DAO accountable.
Will it work?
Sushi's new proposal of Meiji Governance Rework will overhaul the previous embarrassment of what Sushi DAO did and transform it into Meiji DAO.
"The Sushiswap Meiji DAO will supersede all responsibilities currently held by the Sushi DAO. The Meiji DAO will bring governance on chain, and kickstart the Meiji Restoration of Sushi, which will become a new phase of Sushi and a new grand vision to execute on," the proposal stated.
Meiji DAO proposed the solution of Non-transferable shares to bring back Sushi's reputation by forcing members to hold tokens forever.
https://twitter.com/jaredgrey/status/1582568345114619904
The idea is to focus on "equality".
One vote for one member and shares forever lock to prevent rug pull from its member, particularly the founders or management.
https://forum.sushi.com/t/meiji-governance-rework/11283
Such restructuring came after the Sifu Wonderland rug-pull.
Sifu, an ex-con man, Sushi former CFO, withdrew millions for his own benefits and tanked the established community funds.
Even nowadays, the Sushi community was still hunted by the event.
https://twitter.com/zachxbt/status/1486591682728673282
https://twitter.com/PeckShieldAlert/status/1488440970601504771
Sifu is still on the run, but some days, he will be caught. It just matters of time.
https://twitter.com/ParaChainz/status/1486596245569245187
Sushi revision is similar to Ethereum 2.0 staking when nodes run with accountability through the insurance policy of 32 Eth to guarantee the operation is authentic.
I think Sushi's future is bright and a study case to prevent centralization in the future.
Support the writer here or join Medium here
Photo by Gemma Evans on Unsplash
Non-transferable shares is the new tool to make Defi or DAO accountable.
Will it work?
Sushi's new proposal of Meiji Governance Rework will overhaul the previous embarrassment of what Sushi DAO did and transform it into Meiji DAO.
"The Sushiswap Meiji DAO will supersede all responsibilities currently held by the Sushi DAO. The Meiji DAO will bring governance on chain, and kickstart the Meiji Restoration of Sushi, which will become a new phase of Sushi and a new grand vision to execute on," the proposal stated.
Meiji DAO proposed the solution of Non-transferable shares to bring back Sushi's reputation by forcing members to hold tokens forever.
https://twitter.com/jaredgrey/status/1582568345114619904
The idea is to focus on "equality".
One vote for one member and shares forever lock to prevent rug pull from its member, particularly the founders or management.
https://forum.sushi.com/t/meiji-governance-rework/11283
Such restructuring came after the Sifu Wonderland rug-pull.
Sifu, an ex-con man, Sushi former CFO, withdrew millions for his own benefits and tanked the established community funds.
Even nowadays, the Sushi community was still hunted by the event.
https://twitter.com/zachxbt/status/1486591682728673282
https://twitter.com/PeckShieldAlert/status/1488440970601504771
Sifu is still on the run, but some days, he will be caught. It just matters of time.
https://twitter.com/ParaChainz/status/1486596245569245187
Sushi revision is similar to Ethereum 2.0 staking when nodes run with accountability through the insurance policy of 32 Eth to guarantee the operation is authentic.
I think Sushi's future is bright and a study case to prevent centralization in the future.
Support the writer here or join Medium here
Photo by Gemma Evans on Unsplash
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