Centralization caused the FTX fiasco, not DeFi. Regulators must make sure not to conflate the two. My OpEd in the @WSJ@WSJopinion with @VivekGRamaswamy
Australia puts forth a common sense proposal; if you custody user assets, you should be regulated. Kudos to them for not conflating CeFi with DeFi and remembering the reasons regulations exist in the first place - to protect user funds. treasury.gov.au/sites/default/…
DeFi is dying and DEXs are to blame. To rescue the system we need to return to first principles. #1 LPs have to profit, without them the value of DeFi is moot. #2 Traders need up-to-the-second price info w/ minimal transaction friction. Here’s how we do it. 🧵👇🏽
Elizabeth Warren thinks crypto is for money laundering, but as law enforcement becomes more sophisticated it is turning into an effective tool to fight crime, including terrorism. My latest in @ForbesCrypto.
forbes.com/sites/digital-…
The biggest impact of DeFi may be forcing TradFi to innovate and become more customer friendly. Just as the biggest impact of Napster/filesharing was forcing record labels to allow Spotify.
The first drop from the most interesting initiative to change digital art market structure I've seen yet. All proceeds regranted to emerging artists. Bids taxx deductible. Bid starting in 1 hour!
DeFi PSA: Imagine if you gave your money to a hedge fund manager who pocketed a % of every trade they made with your money, instead of a % of the gains they earned for you.
They are going to make lots of $ losing trades.
This is the same as LP'ing in Uniswap/Sushi/Pancake
Shipyard is offering our collective expertise to support the Sushi leadership + community with a transparent report to help reestablish credibility. We feel it is important to ensure Sushi's story is a successful one.
There is $12B in DAO treasuries and 1.7m voters, but many haven’t even incorporated. With unlimited liability, that’s crazy!
In the latest “WTF, Crypto” ep, I chat with Adam Miller (@TheThriller_) of @MIDAODS about why and how to incorporate your DAO:
shipyardsoftware.org/podcast-episod…
Shipyard is offering our collective expertise to support the Sushi leadership + community with a transparent report to reestablish credibility (updated link!)