There is nothing better than a creative genius holing up to make his art
+ one day, there will be a few of us who recognize that THIS is the moment... Andre's past (years reviewing crypto code), his philosophical beliefs + humanity's strange arc through history...
2/x
... all came together to unleash a Renaissance-like, technological revolution upon us
Andre (and others like him) are aflame with ideas. They are Mozarts in their last four years... a period so drenched with creativity that it...
3/x
... “led to a wholly new kind of form, style, and sound image, with nothing backward-looking about it”
Hate on the MFer all you like
But I will tell you one thing you cannot do to Andre and the builders...
You cannot ignore them
4/x
I hope for our sakes that Andre continues to ignore us
Follow the muse
Make some "with nothing backward-looking about it”
Do what you know how to do as well as anyone on earth
Code
• • •
Missing some Tweet in this thread? You can try to
force a refresh
It's a way of fairly distributing rare NFTs into the world. Instead of selling them to the highest bidder, you give them to people who do things for your platform.
You maketh yield farming so hard with your vesting
But I shall give it my bestest shot...
Let us start with the numbers
👇
MONTH 1
- 0 tokies to the team (they have a 1-year cliff on their 20 million allocation, so they don't get anything until day 366)
- 900,000 tokies to liquidity miners
- 3,000,000 tokies to seed and strategic investors (1-year vest on their 36.5 million tokens)*
*See image
MONTH 1 TOTAL DISTRO
- 3.9 million tokies
DAY 1 DISTRO
- 30,000 tokies to liquidity miners
- 100,000 tokies to seed and strategic investors
>>>1
CLAIM: These tokens are just printing money out of thin air
REALITY: Is that what stocks do when they IPO? When a project launches a new token via yield farming, what's really happening is a token distribution event.
More 👇
The goal is to inject tokens into the world without having them labeled securities (no one is technically paying for anything, after all). Farmers get the coins in exchange for loaning out liquidity. That's theoretically better than airdrops. Why?
Farmers now have some skin in the game... they've had to learn about a project and put some time into it. They spread the word. They help it grow.
Why does my brain do this to me? Supposed to be working... instead fixated on the implications of the migration from to
1) In case ye didn't know: migration ratio = 100:1. Every 100 LEND will get you 1 AAVE.
2) Current supply of = 1.3 billion, so we should see a cap of 13 million .
But no...
Instead, we'll see an extra 3 million enter the world via the pliable birth canal that is the blockchain for a total of 16 million
3) The whole thing feels like a little wand-waving to conjure 30% more supply out of thin air...
4) Oh yeah, with the added "bonus" of turning the token into the "insurance" fund in the event of a catastrophic failure. Thanks for the additional risk lol