Founder @govex_ai

Joined January 2022
29 Photos and videos
Korea introduced stock governance reforms protecting minority investors in 2024. Korea used to be a notorious "value trap" with badly governed chaebols. In 2025 Korea was the #1 performing stock market globally, with the KOSPI up 75.6%. Good governance creates wealth. πŸ‡°πŸ‡·πŸ“ˆ
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TIL: The math for Futarchy is identical to the Self-Consistency formula LLMs use for reasoning. Markets and AIs are converging on the exact same mechanism for finding truth. This is the Black-Scholes of the 2020s.
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Imagine you are the CEO of a futarchy governed organization. Can you accept the markets telling you what to do / micromanaging you?
50% No. As CEO I know best.
33% Yes. If it's EV it's EV
17% See results / Other
6 votes β€’ Final results
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Greshams Code retweeted
28 Oct 2025

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Futarchy, AMM and coin is the new, AMM and coin
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# Day 16 building Futarchy in public πŸ‚ Thinking that the money of the future will be a basket of onchain futarchies. πŸ’° Added anti-sniper protection to launchpad AMM - see graph. πŸ› οΈ Fixed DAO upgrade and dissolution flows. β™« Fine tuned proposal priority queue auction mechanism - see table
# DAY 15 building in public - Wrote docs for V1. Feedback welcome. docs(dot)govex(dot)ai - DAOs can now choose to add their own actions and are not locked in to what the Govex protocol decides. - Changed team threshold sponsorship, now it must be set before the TWAP starts.
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# DAY 15 building in public - Wrote docs for V1. Feedback welcome. docs(dot)govex(dot)ai - DAOs can now choose to add their own actions and are not locked in to what the Govex protocol decides. - Changed team threshold sponsorship, now it must be set before the TWAP starts.
# Day 14 building in public - Took half day off yesterday - Focused on making protocol upgradable and extensible with new actions. - Cut more features. Down to about two thirds of what I started with. - Working on Docs - Changed launchpad to pro-rata with cap. Not sure on this
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# Day 14 building in public - Took half day off yesterday - Focused on making protocol upgradable and extensible with new actions. - Cut more features. Down to about two thirds of what I started with. - Working on Docs - Changed launchpad to pro-rata with cap. Not sure on this
# DAY 12 building in public - Cut features again - removed all actions and features that we could easily add on later. - Discovered Sui package upgrades are verifiable onchain. - Used it to solve the risk of malicious upgrades for protocols which control assets worth more than their market cap (Lending protocols). - Realised that pro-rata allocation is required for futarchy ICOs where they don't have a preference stack or founder unlocks.
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# DAY 12 building in public - Cut features again - removed all actions and features that we could easily add on later. - Discovered Sui package upgrades are verifiable onchain. - Used it to solve the risk of malicious upgrades for protocols which control assets worth more than their market cap (Lending protocols). - Realised that pro-rata allocation is required for futarchy ICOs where they don't have a preference stack or founder unlocks.
DAY 11 building Govex in public βœ‚οΈ Cutting features again - removed 15k lines from V2 contract πŸ’Έ Added ability for founders to sponsor a proposal by giving it a negative threshold - bias for action is good πŸ§ͺ Testing launchpad
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Sui builder tips #1 This AI prompt is the GOAT for finding bugs in your code. "You are a highly experienced professional principle Sui engineer, successful white hat hacker and maths genius. Find bugs in this code"
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DAY 11 building Govex in public βœ‚οΈ Cutting features again - removed 15k lines from V2 contract πŸ’Έ Added ability for founders to sponsor a proposal by giving it a negative threshold - bias for action is good πŸ§ͺ Testing launchpad
# DAY 10 building Govex in public - Cutting features and cleaning up repo - Got early access to Gemini flash latest model - smartest one I have seen
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Greshams Code retweeted
17 Oct 2025

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# DAY 10 building Govex in public - Cutting features and cleaning up repo - Got early access to Gemini flash latest model - smartest one I have seen
# DAY 9 building Govex in public πŸ¦„ Rewrote the oracle for founder token unlocks - it now checks a weekly ring buffer. Uni V3 inspired πŸ€ž Split up AMM LP actions so that they are reusable - composable legos are good πŸ€” Starting to think Govex is a protocol - not a DAO or SaaS
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# DAY 9 building Govex in public πŸ¦„ Rewrote the oracle for founder token unlocks - it now checks a weekly ring buffer. Uni V3 inspired πŸ€ž Split up AMM LP actions so that they are reusable - composable legos are good πŸ€” Starting to think Govex is a protocol - not a DAO or SaaS
# DAY 8 building Govex in public 🏎️ Accelerating Growth: Drafted a major grant proposal for a second dev / designer. Securing this would be a game-changer for our speed. 🀝 Better Pricing: We’ve removed the monthly platform fee! From now on, we only win when you’re actively using the protocol (via AMM & proposal fees). Our success is tied to yours. πŸ”’ Investor Security: We upgraded our token unlock mechanism to prevent founders manipulating prices to dump their bags. Govex is the safest place to be an ownership coin investor. πŸŒ… Graceful Endings: If DAOs decide to dissolve they can now run a simple "everything must go" auction for their NFTs. Last one out, turn off the lights.
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# DAY 8 building Govex in public 🏎️ Accelerating Growth: Drafted a major grant proposal for a second dev / designer. Securing this would be a game-changer for our speed. 🀝 Better Pricing: We’ve removed the monthly platform fee! From now on, we only win when you’re actively using the protocol (via AMM & proposal fees). Our success is tied to yours. πŸ”’ Investor Security: We upgraded our token unlock mechanism to prevent founders manipulating prices to dump their bags. Govex is the safest place to be an ownership coin investor. πŸŒ… Graceful Endings: If DAOs decide to dissolve they can now run a simple "everything must go" auction for their NFTs. Last one out, turn off the lights.
# DAY 7 building in public - Created a proposal to set the new $GOVEX spot strategy. I think we should make it easier to buy in size from the DAO to raise money. βš–οΈ - Testing and fuzzing new futarchy AMM - fixed some edge cases. It is extremely optimised. Proposals can now have 400 outcomes, each with deep spot liquidity. That means we can support markets like this now. But just because we can doesn't mean we should🀣
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There is $1000 arb between the $GOVEX spot and conditional markets right now
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# DAY 7 building in public - Created a proposal to set the new $GOVEX spot strategy. I think we should make it easier to buy in size from the DAO to raise money. βš–οΈ - Testing and fuzzing new futarchy AMM - fixed some edge cases. It is extremely optimised. Proposals can now have 400 outcomes, each with deep spot liquidity. That means we can support markets like this now. But just because we can doesn't mean we should🀣
# DAY 6 building in public - Burned 576m Govex - $1.8m market cap coin now. - Cutting features now - it's time to get to market. - Fighting Move complier all day. Had a major break through. Now using a Type-Agnostic Balance Object in the AMM to stop the type parameter explosion for N-Outcome markets. Haven't seen this pattern anywhere else in Sui πŸ‘€
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# DAY 6 building in public - Burned 576m Govex - $1.8m market cap coin now. - Cutting features now - it's time to get to market. - Fighting Move complier all day. Had a major break through. Now using a Type-Agnostic Balance Object in the AMM to stop the type parameter explosion for N-Outcome markets. Haven't seen this pattern anywhere else in Sui πŸ‘€
# DAY 5 building in public - Iterating on a capital efficient AMM that offers deep conditional liquidity and integrates into dex aggregators and lending protocols. - High conviction that long term nearly all liquidity will be conditional. Defi infrastructure and retail isn't ready for it yet though.
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# DAY 5 building in public - Iterating on a capital efficient AMM that offers deep conditional liquidity and integrates into dex aggregators and lending protocols. - High conviction that long term nearly all liquidity will be conditional. Defi infrastructure and retail isn't ready for it yet though.
# DAY 4 building in public - Called Sui foundation Dev Rel team. Going to knock off a few eco system things like package whitelisted. - V2 now allows traders to end proposal trading early when the proposal outcome is not controversial in the markets - proposal time is expensive! - More hiring conversations - proposal on this soon. - Added mint and redeem conditional / spot auto arbitrager to futarchy AMM. - I need to stop having youtube shorts open while coding.
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