1/ MCon+Mainnet takeaway #2: The whole DAO contributor funnel needs work:
- Discovery: no Glassdoor of DAOs for beginners 2 browse
- Onboarding: Discords lack process for ppl 2 gain context
- Contribution: DAOs disproportionately benefits self-starters who create their own scope
2/ The most common question I get is 'what DAO should I join'
Usually the best answer I can give is 2-3 ones that I really like, but no one exhaustively knows all the DAOs
Would be great for there to be a Glassdoor for DAOs w/ verified member reviews
5/ If we don't address onboarding, we're going to have a leaky funnel where people join Discords but get confused and dissuaded from participating
DAOs need to hire project managers and operations leads that can really spearhead documentation + onboarding
6/ Best practice is an onboarding process like @indexcoop that documents everything on their docs site + has a hands-on cohort-based onboarding process
1/ It turns out your whole world can change in 3 months.
I’m revisiting my bridging piece.
Bridges are more important than ever bc they encompass all facets of crypto.
In a modular paradigm, *everything* is a bridge because everything is "cross-chain".
2/ TLDR; I'll talk about:
- How bridging changes in a modular world
- Soft confirmations and why we need them
- Each use case of modular bridging
- Shared security and MMAs
3/ Bridging in a modular world adds complexity to cross-chain transactions.
Monolithic blockchains have homogenous state, making verification of state transition simple, but modular blockchains require verification of 3-4 separate components.
We modularise in order to overcome the inherit tradeoffs and limitations of a monolithic stack. Having separate optimised, modular parts will make a better system in composite.
1/ Over the past 2 months, I fell in love with the interoperability problem. I spoke to nearly every project in the space, and decided to summarize my 200+ hours of research into an article.
Here’s what I learned.
2/ The golden standard is on-chain verification. Every other solution is a trade-off of having verification off-chain (more extensible) and providing security guarantees in order to ensure accurate validation
3/ Also helpful to think about what you want to get out of joining a DAO
Is it to just see what all the buzz is about?
Is it to find a community?
Is it to be more deeply involved in building in crypto?
Is it a jumping off point to working full time in crypto?
1/ Pretty disappointed at defi innovation right now
Maybe that's why CT has been so encapsulated with NFTs - it's where the new ideas are
We need to stop copy pasta'ing the same degen playbook and reinvent new primitives that people will actually use after LM rewards dry up
2/ Here's some shit that I want to see:
- Composable primitives that aren’t possible in tradfi
- Structured products with real-world use
- Reputation-based primitives
Here's shit I don't want to see:
- leveraged pools
- same primitive, different L1
- ponzinomics yield farming
3/ Innovation means reimagining financial products from first principles, leveraging what blockchain can do that is impossible in tradfi
@AlchemixFi combined yield on Yearn w/ upfront loans @RariCapital created isolated lending pools @OlympusDAO created protocol-owned liquidity