Something unprecedented is happening on @AerodromeFi with the launch of SYND
In less than 4 days...
- Over $60M+ in voting power
- Now 4th largest pool based on votes
- Over 275K+ in AERO emissions
- Many using 100% of vote power
- Broad based participation
And 3.5 days left
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1/ This week's events may become one of a few historic moments in crypto that not only ushers in a new protracted crypto bear market (12-18+ months)—but in time, leads to greater regulation, maturation, and ultimately the next (and even bigger) bull market.
Some insights...
2/ As a builder (@SyndicateDAO) and investor (@IDEOVC, @CitiVentures), I've been in crypto full-time for the last 8 years, since 2014.
To me, this is starting to have a very similar feeling to the breadth, scale, and impact that Mt Gox (2014) and ICOs (2017) had on the industry.
3/ As some may remember, the 18 months after Mt. Gox and ICOs were not fun.
People working on Bitcoin in 2014 were ridiculed. My bosses, peers, and friends said I should spend my time elsewhere. People I respected told me it was a 'career limiting move,' 'ponzi,' and 'tulips.'
1/ 100% agree that DAOs in of themselves & decentralized governance are not “the thing”.
But the structural unfair advantages that “DAO tech” offers (especially when paired with DeFi) and the applications they can enable will be revolutionary, very, very soon.
2/ Bitcoin, blockchains, crypto, DeFi & NFTs were all at one point misunderstood. Many of them are now well understood, but it’s important to remember they were once viewed very skeptically.
People now get DeFi. NFTs are getting there.
DAOs are still further behind IMO.
Why?
3/ Let’s take NFTs. They started over 3 years ago in 2017 with @CryptoKitties.
There was a boom, there was a bust, then we didn’t hear about them for years until recently. What changed?
DeFi.
DeFi infrastructure enabled things with NFTs that weren’t possible before.
2/ In fact, because of what Syndicate is and enables, it's already led to many new relationships, collaborations & opportunities—I'm excited to continue investing at @IDEOVC & helping take the firm to new heights.
Especially since we believe Syndicate is the future of investing.
3/ I've been in crypto since 2014 and have dedicated my life & career to it because of its transformative potential to make our world more open, free, fair, equitable, democratic & meritocratic.
This passion is part of my life's quest to bring more equitableness to our society.
1/ Crypto’s biggest potential impact to society is in sustainably distributing wealth, capital & ownership to a larger % of the world.
This is also its biggest risk: crypto can exacerbate inequality if it is not made accessible to everyone—especially those who need it most.
2/ Inequality is growing to unsustainable levels comparable to that in the early 1900s prior to WWI & the 1700s prior to the French Revolution & sweeping changes throughout Europe.
The top 1% (~80M people) now owns the same amount of capital as the remaining 99% (~7.9B people).
3/ Historically, there are only two solutions to extreme levels of inequality:
1. Revolution: Violence or war that leads to wealth redistribution to those who fought & won
2. Intervention: Political change that raises taxes on the rich & increases benefits to the poor
In April during lockdowns, I decided to invest in learning Solidity. Given that I haven't seriously coded beyond HTML in almost 20 years, it was daunting 😨
But it doesn't have to be hard or scary to get started.
Here's how 👇
1/ Latest Solidity Documentation
Here's all the latest dev stuff/updates to @ethereum Solidity. I search for things in here a lot when I'm trying to see how to do something very specific. Don't try to read this like a book. Just search for things in it.
For me this was really great and fun. Starts from first principles and teaches via real smart contract examples. It cost only $14.99 and I did it in 3 weeks very casually. You could do it in less than a week (I have a day job!).