Imagine being the willing buyer of lindy effect premiums in an industry this fresh and new. Can you even remember half the incumbents from last cycle or how quickly they faded to irrelevance? History repeats and some of you are buying Blockbuster and AOL w/ worse fundamentals.

some lore: in a few respects, veDAO (business with a goal of getting as much Solidly veToken as possible) presaged a lot of what we're talking about now an important thing when building a biz around a treasury is correctly thinking that what you're accumulating is valuable

afaict @AerodromeFi might be the only org on the planet that does something better than just buybacks public good wallets buyback and use AERO to aid growth, but nobody has any claim to them so it's like a burn (everyone owns more of the pie) but it also puts capital to work

Last epoch, Aerodrome generated over $2.3M in revenue while $AERO emissions exceeded $AERO locks by only 1%—earning yield while functionally maintaining circulating supply.

these wallets are going to bitterly compete against one another. it's not a straightforward play for most a lot of native crypto companies attacking this space are going to get steamrolled if they don't have an angle one thing they all must do, tho: get the best trade execution

Most don't realize but, @AerodromeFi is everything the $ETH community wishes Uniswap could have been: ☑️ 100% of protocol rev redirected back to voters ☑️ Zero team unlocks, no extraction to insiders ☑️ Regular protocol token buybacks ☑️ Aligned incentives across all participants If we're going to build a better onchain future, it starts with championing builders with the right ethos.

onchain trading, capital formation, and payments are nearing the point where they’re just better products than offchain alternatives. once we cross that threshold things will change fast

Budget proposal for Optimism retro moved from 87m $OP ➡️ 20m $OP after @labsGFX pushback. GFX Labs always guarding that tokenholder chicken coop.

I won't be running for the @Optimism Grants Council this coming season. Will just be too busy with @VelodromeFi and @AerodromeFi. Huge things ahead, and I need to direct all my energy there. Feels a little sentimental. My work with Optimism – including my lobbying for the GC's creation – has been career-defining for my anon life. It's where I got my public voice and met some of my closest friends in the space. The Grant Council has worked hard and been effective with the tools and objectives it's been given, especially this past season. I'll be observing the Foundation's treatment of the Grant Council going forward to see whether I'll run again in the future. And I'll of course be continuing to act as a delegate and will keep close attention to things. After all, it's Velodrome's job to make Optimism win.

Unironically, I think most alt-L1s will become L2s @Celo showed the playbook: – Halved inflation from 2% to 1% – Reduced block times from 5s to 1s – Eliminated 300k+ lines of legacy code – Fully integrated into Ethereum’s ecosystem, the largest dev community in crypto – Carbon emission's cut in half (if you're into that) It’s just a better model