Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Ryan Sean Adams

πŸ‘€ Speaker
4484 total appearances

Appearances Over Time

Podcast Appearances

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

Another stakeholder, though, is sort of the de facto leader of the Aave DAO, which is Mark Zeller.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

And he has some criticism about this.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

I think that, you know, he said the stablecoin ask alone, that's 42% of the DAO's existing treasury.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

So it's a steep ask.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

And it's like giving a lot of power to one specific group.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

It's putting all the eggs in the Aave Labs basket.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

Maybe maybe, you know, the Dow would want this more distributed.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

So he thinks it's bad to lump together the votes for the revenue before in the foundation, the 50 million in funding.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

I don't know.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

He's probably, I think I'm sympathetic to that argument as well.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

But this is a step forward.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

Maybe they negotiate, maybe they hash it out.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

One question I have, though, in general is like, does this solve it permanently?

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

Or the next time Aave Labs spins up some sort of revenue stream or product for Aave Labs,

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

does you have to have this negotiation all over again?

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

Exactly, I would still far rather collapse the, I guess, ledger of equity and upside into one entity and have that entity be sort of the token, if that makes sense.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

So this is a good step forward, definitely much more alignment, but I don't know if it's permanent alignment.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

Anyway, Aave Price seemed to like it.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

I think.

Bankless
ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH

Yeah, I wonder why Institution is going to go snap up Aave tokens, right?