1/ Sooo excited about this proposal for a Uniswap Foundation ๐ฆ๐ฆ๐ฆ
TLDR: Itโs a new entity (fully independent from Labs) that would help grow the Protocol and facilitate community contribution and governance, led by outstanding community members.
2/ The Foundation would be set up as a steward of the Protocol, working to strengthen and improve it over time. And what excites me most about it are the people driving it, @nkennethk and @devinawalsh.
3/ Ken was a huge help when I launched Uniswap v1 in 2018, working with me in his role as grants lead at the @Ethereum Foundation.
He was also behind the proposal to create @uniswapgrants โ a massive success for Uniswap governance that has given out 122 grants to date.
4/ Devin was Chief of Staff at Labs until she recently resigned to pursue building the Foundation with Ken. Sheโs been in crypto since 2016, working on decentralized identity @Consensys.
Sheโs smart, a pleasure to work with, and passionate about decentralized protocols/DeFi.
5/ The strength of an ecosystem grows with each additional team building and working towards its success.
Imo, after this passes, the Foundation will be yet another team working towards a future where the Protocol does not just survive โ it thrives!
6/ Community members should get involved in the discussion here:
Web2 data economy companies pretend they need to own all your data to provide their services for free and because they have smart algorithms that show you relevant, interesting content.
2/
But the companies immediately resell both your data and the algorithm results on the open market for a profit, and fill your feed with irrelevant shit tier content (like the twitter sidebar).
It's just arbitrage and you're being swindled.
3/
Web3 is an economy of value and ownership.
Companies in the space have an opportunity to do better, by competing to build the most useful, user-aligned products.
๐ 2021 has been a transformative year for crypto adoption.
๐ Total market cap crossed $3T, scaling solutions came online, NFTs drove art and music, DAOs empowered collective action, gaming tokens took off, and more!
2/
๐๏ธ This growth was made possible in 2021 because critical infrastructure provided by DeFi enabled more people to participate and innovate.
๐ Over the past 12 months, hundreds of new communities and products have formed because they had fair access to liquidity and users.
3/
๐ Web3 projects like ENS gave ownership
๐ 1000s of DAOs formed to create impact
๐งโ๐คโ๐ง Social tokens like FWB exploded
๐ฎ Crypto gaming combined income & fun!
๐ถ Meme coins gave us more memes
Each democratized access to markets and ownership, and each was powered by DeFi
The color scheme is based on the two underlying tokens, but the color distribution is unique per token id so each is unique but they are themed per pool
The curve shape i based on liquidity concentration as well as the ratio at which the tokens were initially deposited
3/
The minimap in the bottom right shows where the center of your position is relative to the entire 0 to infinity curve
The sparkle above it is rare and has a small chance of being generated that is reduced as token ID increases (~10% at ID 100, ~3% at ID 100k)