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Designing Governance Tokens

August 17th, 2022
I’ve long struggled with the notion of liquid governance tokens. My mental model for protocols is to think of them as quasi-nation states, and thus I tend to view each governance vote as akin to voting in an election. Under this framing, the idea that you can buy votes by buying liquid tokens seems absurd – buying votes in elections is illegal, so why should it be the main method of acquiring influence in web3?
Publisher Avatar Alana Levin
Alana Levin
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Who will control crypto?

August 22nd, 2022
By Saffron Huang & Josh Stark
Publisher Avatar saffron
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Building Market Microstructure for NFTs

August 7th, 2022
I’ve recently been exploring the evolving market microstructure around NFTs, and a recent discussion on the merits of platforms like Sudoswap has highlighted some of the inherent tension between the current NFT audience and the future of the asset class. There is a massive wave of platforms coming that bring more robust market structure oriented towards traders to NFTs, and soon, other esoteric assets. The evolution of NFT market structure provides a helpful understanding of where all markets are trending, over time, as a result of technology innovation and new models for financialization.
Publisher Avatar black mirror
black mirror

Synthetix L2H2

August 4th, 2022
It is now August 2022, so once again I’m late in delivering my unrequested half-yearly Synthetix perspective.
Publisher Avatar Kain.eth
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zkSNARKs vs zkSTARKs: a primer

January 18th, 2022
Trying out a longer form article this time to allow a deeper dive into some areas of blockchain research. There are a lot of articles on zero knowledge proofs, and a lot of research papers on SNARKs or STARKs, but very little bridging the intermediate gap.
Publisher Avatar pseudotheos