First it was Padre, then Tensor/Vector, then Axelar, and now @aave
What most people still don’t understand is that they don’t actually own their bags/tokens
If the “owner/founder” of what you “hold” can unilaterally redirect protocol fees, change incentives, or make major economic decisions without holder approval, then you don’t own anything. You’re just holding it
Holders in these models don’t have real ownership. They only participate when it benefits the protocol or the team, not necessarily when it benefits the holders themselves
And when people who just hold (but don’t own) finally realize that the protocol and its team will always prioritize their own interests or the protocol’s balance sheet over token holders, this is exactly what happens
What’s happening with AAVE right now is just another clear example of how old ICO / DAOs / token models are broken. They mainly benefit the protocol and the team, not the people who supported it
All of this only reinforces why @MetaDAOProject matters and why it’s changing the ICO game. Real ownership, real governance, real alignment
For full context, highly recommend reading @DefiIgnas’ article on the situation:
x.com/DefiIgnas/stat…
What most people still don’t understand is that they don’t actually own their bags/tokens
If the “owner/founder” of what you “hold” can unilaterally redirect protocol fees, change incentives, or make major economic decisions without holder approval, then you don’t own anything. You’re just holding it
Holders in these models don’t have real ownership. They only participate when it benefits the protocol or the team, not necessarily when it benefits the holders themselves
And when people who just hold (but don’t own) finally realize that the protocol and its team will always prioritize their own interests or the protocol’s balance sheet over token holders, this is exactly what happens
What’s happening with AAVE right now is just another clear example of how old ICO / DAOs / token models are broken. They mainly benefit the protocol and the team, not the people who supported it
All of this only reinforces why @MetaDAOProject matters and why it’s changing the ICO game. Real ownership, real governance, real alignment
For full context, highly recommend reading @DefiIgnas’ article on the situation:
x.com/DefiIgnas/stat…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
