Our inability to rewire humanity’s collective understanding of ownership, labor, and coordination is the biggest threat to web3, not suboptimized tokenomics.
Dan Wu
@itsdanwu
Dan Wu’s Tweets
Saw a DAO commercial for the first time last night…
Anyone else seeing these too?
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Balancer Labs paid 50 ETH on the spot for finding a $3.2M bug in their old (pre ve-tokenomics) contracts. The bug allowed any LP to drain stored LP rewards
These contracts had been audited by four top auditing firms before
Sounds like a good business decision to me
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My write-up on a vulnerability in Balancer's MerkleOrchard contract which allows any LP to fully drain the distributor resulting in a theft of unclaimed yield for all other LPs
mirror.xyz/0x2719F6Dfb850
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Decentralization is not a parameter you can tune
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ppl who think their centralized project can turn on a dime to sufficient decentralization the moment it becomes necessary
seek help
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One of my favorite bands attended the U.S Senate Judiciary Committee today to discuss how the consolidation of the ticketing industry is hurting both artists and fans. Love to see it 👏🏼
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The 2.0 program struck a 🤌 balance w/ decentralization & permissioned execution:
- community crowdsourced "domains" to fund
- 4 "domain allocators" elected by community
- program management by
- revisit budget & allocator performance every quarter
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Good article, horrible title
Author choosing to use “Chinese Bio-weapon” in the title perpetuates the incorrect affiliation b/w the CCP & people of Chinese ethnicity, reinforcing rising anti-Asian sentiment
He even correctly refers to Xi & CCP numerous times in his article 🤦🏻♂️
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TikTok may have evolved into a Chinese bio-weapon to accelerate the West’s cognitive decline.
My new long-read.
gurwinder.substack.com/p/tiktok-may-b
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One small kitchen fire later, the Wu family made my absolute favorite Chinese dessert - sesame balls with red bean paste
Happy Lunar New Year from our family to yours! Wishing you all prosperity, happiness and health this year 🧧 🐇
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Su and Kyle are raising to launch a new exchange called GTX
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Shoutout to and many others pushing this for the local community and creating some amazing art in the process!
I highly recommend to check out the collections of , some amazing and interesting collections
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Getaway weekend w my wife in Minneapolis and was pleased to discover an NFT gallery at our hotel, focused on bridging the digital + physical worlds
Found out it’s run by , a local group encouraging part-time creatives to explore and leverage NFTs and blockchain
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Jk it’s not
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simple, conclusive, and undeniable proof:
more teams are organizing on-chain than ever before despite the major crypto hacks, contagion, and bankruptcies of 2022
• on-chain @DuneAnalytics data can't lie
• the number of @safe transactions is growing
this is incredibly bullish
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What I admire most about and is they are doing shit bc they can
Not bc they want to use web3 tech, build ownership models, etc. That can come later
Follow your passion. That’s how you find creative nirvana
Thanks for facilitating this one!
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New pod episode w/ @ldf_gm + @reka_eth just dropped
+ CHAOS
+ Co-creation in web3
+ How structure scales collaboration
Oh and also answering the question ‒ is Elon M*sk a creator??
othersidepod.xyz/episode/57
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They've disabled pool creation on Polygon, Optimism and Arbitrum
And have fired 'enableRecoveryMode' for quite a few pools on all of those chains:
Polygon (32):app.safe.global/matic:0x3c5866
Optimism (25): app.safe.global/oeth:0xd4c87b3
Arbitrum (8): app.safe.global/arb1:0xf404C5a
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You can see they called this newly granted 'enableRecoveryMode' function from the emergency multi-sig on about 28 pools this morning:
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Ahh I'm investigatingg
Balancer should be counting their lucky stars that they recently added these emergency permissions for pools to their emergency multi-sig a couple of weeks ago
Forum post: forum.balancer.fi/t/bip-139-upda
Etherscan txn granting said roles: etherscan.io/tx/0x373e5f207
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Some ish is popping off with Balancer. Around ~$6.4M in TVL in these pools at risk due to an undisclosed issue that cannot be resolved by the DAO's emergency 4/7 multi-sig.
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Metropolis Pods: Scaling Trust
In this thread I will give an overview of Pods (former Orca Protocol). Metropolis is specifically tailored for DAOs and Web3 native organizations.
I'll also give a brief summary of 's vision of DAOs as digital cities.
👇
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