I have no issue with someone making a ton of money building a DeFi protocol. Incentives matter, if we want to attract all the amazing founders languishing in Fintech building shitty TradFi overlays, we need powerful incentives to shift them into crypto.
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If someone creates something that does $1.3B in value and $275M in daily transaction volume I'll vote to pay them from the treasury of that, at those levels, all day long.
Regardless of being a fork or not, it created a large economic value that gets to be rewarded.
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If it all had long-term vesting would that make sense? That way long-term it was tied to something closer to long-term value created.
Something more akin to milestone payments, wrapped in a contract.
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That's what I'm saying.
Wagies get $1k-10k a month these days depending on the country they live in; vested $10k/month salary should do the trick and not weigh too much on holder' shoulders as books would easily absorb the dump.
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In 3 years that would be a bit higher than what Larry proposed, i.e. 120k sushi in total, however equally spread on a monthly basis thus ensuring Maki's ongoing interest in maintaining a good project with high token price.
It's as simple as it gets really.
The new proposal states 2/3 of all user rewards are locked up. Is this correct?
Perhaps a vesting schedule denominated in a fixed amount of $SUSHI per month would incentivise real value accrual for the developers of that specific token/project
I think long term vesting is more reasonable. Selling 500,000 worth
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If you are taking about tokens at distribution, vesting is a must.
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