π DeFi institutions that return far more value to their users than TradFi
π DAOs creating value and distributing it back to their communities
π NFTs allowing creatives and artists to finally be rewarded for their craft
A true paradigm shift.
So this year, I took a big risk and liquidated all of my TradFi savings and moved into crypto.
π³ eep.
And despite the fact that averaging into a bear market has (until the last week) felt like #onlydown, I've been able to maintain my conviction and passion.
This is only possible because of the amazing people and communities I've had to support me...
After months of skirmishes, the #veSolidWars were officially kicking off and the excitement was palpable.
Then... ALL HELL BROKE LOOSE.
My attempt at a recap. ππ§΅
Quick Background
When @AndreCronjeTech announced his new AMM Solidly, he distributed ownership to the top #Fantom protocols as ranked by TVL.
This ignited a battle for control that eventually coalesced into a struggle for control between two teams: @SolidexFantom + @0xDAO_fi
As the day began, we heard from the holdouts...
π @SpookySwap would remain neutral
π @SynapseProtocol would delay / go solo for now
π In the final minutes, @fraxfinance joined #0xDAO
π Second highest amount of bribes / ETH ever
π Decrease in total bribes / $ due to market volatility
π Bribes largely flat, but $TRIBE + $LUNA increased
π One returning briber in $DAI, one drop out in $MTA
Payouts were about $.38 / vlCVX (40% APR).
What does this tell us?
That none of the drama in #crypto is hurting the $CVX #Votium flywheel.
Average bribes (ETH) and briber qtys have continued to increase + that trend seems likely to continue.
And when the market recovers / catalysts arrives, people will take notice.
TL;DR: The next 48 hours will be huge and there are rumors of a second front soon opening. π
π§΅π
Why the next 48 hours?
π @solidlyexchange emissions start tomorrow
π Same deadline for veNFT deposits on #Solidex
π @SolidexFantom is expected to launch
π Clarity on @0xDAO_fi's launch plans coming soon
Then the battle for control of #Solidly truly begins!