A few thoughts on @mirror_protocol:

1/ Being able to "invest in whats in the fridge"—brands whose products and services are used or recognized globally—is now globally accessible, as it should be.

Buy $mAMZN, $mTSLA, $mGOOGL from anywhere.
All synthetic assets created on Mirror are "reflected" on Ethereum, tradable via Uniswap:

eth.mirror.finance
So DeFi is happening elsewhere, but assets flow to Ethereum for DEX & composability.

This is early signal that Ethereum's role as the settlement layer in the "layer cake" is solidifying.

If you received $UNI in the @UniswapProtocol airdrop, you also received $MIR at genesis...

> 9,150,000 tokens will be airdropped to UNI token holders. Only wallets with at least 100 UNI on 11/23/2020 at 00:00 UTC+0 will receive the airdrop.

mirror-protocol.medium.com/an-introductio…
I think this user acquisition strategy will become more common as new protocols seek out active user bases.

Being the reference userbase for airdrops is a coveted position to be in. It creates exogenous value for users:

Ownership Composability.

Most interesting to me is how clean and simple the UX is for end-users.

With a governance administered treasury to reward devs that drive adoption, I expect it'll get even easier to access "TradFi" assets in DeFi.

One more step towards the next 10M -> 100M DeFi users.

/fin

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More from @jessewldn

7 Dec
NFTs are very early in the irruption-installation phase of Perez' hype cycle.

I'm optimistic they are going to work with mainstream audiences, but what is the wedge?

If I had to guess, it'll play out as follows 👇
1/ Irruption becomes frenzy alongside the backdrop of a crypto bull market. Digital artworks sell for $MMs, grabbing headlines, creator and collector attention.
2/ Developers rush in, building new marketplaces and experiences around issuing, collecting and trading NFTs.

This is clearly happening right now. New marketplaces and subniches are popping up daily. My fav as of late is @artblocks_io for generative art.
Read 8 tweets
3 Dec
📢 RFC/POLL: Uniswap Grants Program v0.1

A proposal for funding @UniswapProtocol ecosystem development with grants from the UNI treasury.

Authored by @VariantFund (me) + @nkennethk (EF grants coordinator)

Please comment and/or poll yr feedback!

gov.uniswap.org/t/rfc-uniswap-…
tl;dr

The mission of the UGP is to provide valuable resources to help grow the Uniswap ecosystem.

The plan is to start small by, for example, sponsoring hackathons—but with an eye to growing impact over time (with renewals approved by gov)

Eventually, fund core dev work!
A grants program is a by definition a subjective process — it can't be easily automated.

So we propose a small committee of 6 members—1 lead and 5 reviewers—to deliver an efficient, predictable process to applicants.

Efficiency is a driving principle of this MVP!
Read 6 tweets
1 Dec
Minimizing governance is a goal of crypto protocols, but for necessary & subjective inputs/decisions, leadership can be more efficient than voting.

@c_spelliscy & I explored how crypto founders might continue to lead, alongside compliant user ownership.

variant.fund/leadership-in-…
tl;dr

Where a network is sufficiently similar to a cooperative, its possible a team can launch a token and decentralize ownership, while continuing to lead their project—without fear of violating securities regulations.
IANAL and this post does not provide a comprehensive legal analysis.

We are flagging this argument for further consideration in the hopes that crypto teams will consider them with their own counsel :)
Read 15 tweets
27 Oct
NFT is a new file format, for a file you can't copy.
copy/paste JPG ✅
copy/paste NFT 🚫
this isnt some weak DRM shit you can crack.

this file type is enforced by the mf blockchain!
Read 8 tweets
23 Oct
In crypto, user-ownership can help drive network growth faster than any Web 2 growth hacking tricks

But nailing an effective ownership distribution is one the biggest challenges (and opportunities) for teams.

Best practices remain murky.

Can we fix that? Thread 👇
Taking a step back, figuring out ownership distribution is an exercise in Mechanism Design:

"a field in economics and game theory that takes an objectives-first approach to designing economic mechanisms or incentives, toward desired objectives..."

en.wikipedia.org/wiki/Mechanism…
Mechanism design assumes rational behavior, and is easiest to reason about when the designed-for objective can be verified deterministically.

Miner rewards in BTC & ETH are an example of mechanism design for verifiable work: PoW + transaction ordering.
Read 14 tweets
9 Oct
Product Design continues to be a gaping hole in the crypto talent market (next only to mechanism designers.)

If you’re looking to do life changing work in a burgeoning industry, nows the time to jump in.

Happy to connect to top teams in the space.

Even if only curious, lmk!
If you're interested in the future of finance, here are some teams looking to hire (feel free to add more!)

Read 4 tweets

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