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Bearish on increasing buybacks - a third of all protocol revenue being used for buybacks is high and likely will slow growth or weaken the yield reserve
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No it wouldnt
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Imo anything that weakens yield reserve would be no bueno but token hodlers need some love too
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Im not saying token holders dont deserve love
Im saying simply increasing buybacks is a IQ20 move- anchor buybacks dont even take tokens out of circulation, it just results in gov farmers profiting
We need to reduce emissions and reward holding behavior
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So there’s def another way. More buybacks would dilute the token which isn’t good. Rewarding hodlers in value accrual + airdrops works. Also some sort of integration with could move this thing along.
Everyone’s waiting for an ohm fork to do something unique…
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Note for everyone reading: refactoring token economics is a delicate exercise in balancing many dependencies with secondary and tertiary effects
If ur thinking of mechs “ok maybe this” and building conviction around it while you’re tweeting from the toilet, probably suboptimal
Fully understand, feel the same so many times at work...😑
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Ok we get it you don’t like buybacks 😂
Everyone knows it’s complicated so I don’t see any demands being thrown about.
My only crypto conviction lies with having an open mind.
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That’s where I have the majority of my big brain thoughts ser. 😂
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Also a nice place to hunt for shitcoins (no pun intended) 😂
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I want machanics that ensure 18-20% yields for YEARS, if anc token holders (I am one) don't get huge gains b/c that is the priority, so be it. But a robust protocol that can sustain 18-20% longer term is far more important.
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You come at the king you best not miss. SHEESH what a thread 😂
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Didn’t know I was gonna get roasted today for constructive suggestions but here we are 😂
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