Proprietary fund · Blockchain validator

Joined October 2021
41 Photos and videos
Pinned Tweet
US DeFi Renaissance
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This year there is only one wallet project we’ve been buying into and that’s $VULT. The product just works.
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Only been buying and have not sold any $HYPE
We are adamantly refusing to sell any of our $HYPE bag since TGE.
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One of the biggest red flags in crypto: founders who are constantly in other projects' replies and Discords. Makes you wonder—who’s shipping their own product? The best builders? Heads down, building and growing their community. Not farming engagement elsewhere.
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Interstellar-108 retweeted
BREAKING: Eric Balchunas of Bloomberg has said: Gensler wasn’t even out of the building for 5 minutes and the ETF industry unloaded a massive crypto [ETFs] filing frenzy
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In 5 days Gensler will fade into oblivion having achieved nothing in his entire career. His clown memes will live on though.
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The lesson from @HyperliquidX is the market (users) cares more about decentralization of profit and transparent participation in economics sharing, than “decentralized” infrastructure. It’s a nice fuck you to the cartels and toxic insider grants and delegation grifts out there.
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We are adamantly refusing to sell any of our $HYPE bag since TGE.
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Quite update: No, we haven’t sold any of our invested $KUJI since genesis. Yes, we are heavily invested in, and will continue to buy more $RUJI and $RUNE.
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Correction: ICF joins Skip to build an interchain future
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If you think deeply about this there is only one conclusion.
3 Dec 2024
BREAKING: For the first time ever, $XRP’s trading volume has exceeded the combined volumes of Ethereum and Bitcoin.
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The satoshi journey from 100K to 1M will be a shorter and easier one than the journey from 10K to 100K.
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It's not the top yet until we see more ex-girlfriends memes on our feed
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lmao there is now a governance proposal discussion on @dYdX to kill off half of the chain's validator set from 60 to 30 for "faster blocks" (with no quantifiable proof by how much). This will make the dydx chain more centralized than the current testnet on @HyperliquidX
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No words
Looking to grow your small business? You’ll need to raise money to do that, and our #SECSmallBiz team has resources & information to help you do just that. Before you embark on capital raising, remember this acronym: CAPITAL! sec.gov/resources-small-busi…
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If retail’s in on the memes then there is no exit liquidity for the vc insider bags
starknet launch mc: $1.4 bil starknet current mc: $725 mil blast launch mc: $468 mil blast current mc: $173 mil zksync launch mc: $787 mil zksync current mc: $487 mil scroll launch mc: $253 mil scroll current mc: $128 mil
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Did EF just pull a cosmos card? Cosmos is truly the innovative first mover chain.
A group which was deciding to fund projects within @ethereum foundation (now independent). With focus on languages (c), they didn't fund @vyperlang (used by @CurveFinance, @LidoFinance and @yearnfi), but they funded Fe (used by exactly no one). Coincidentally and totally unrelated, members of the group = team members of the funded projects.
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Former contributor looked at Scamani who bought a football club with a self-determined salary, and thought - heck I deserved better lmao.
#Cosmos being cosmos... 👀👇 I wanted to take a quick moment to notify the community that @ATOMAccelerator has received a legal demand letter from a former contributor. I will not name him/her or hint at who he/she might be. It's a lengthy document, so I won't summarize it point by point, but I can confirm that the legal demand requests 12 months pay as a compensation for "dismissal without cause" and alleged defamation. AADAO Internal Protocols do not currently allow the DAO to spend community funds defending itself, but they do allow for the defence of individual contributors. In my personal capacity, I may request an urgent All of DAO vote and/or a community vote to allow the DAO to defend itself. I'd also like to announce that the DAO is actively working with the members of the Oversight Committee to scrutinize 2023/2024 grant applications - approved and rejected - to check for specific instances of misconduct as yet unknown to the organization, particularly incidents involving undue/inappropriate influence, inappropriate behavior, favoritism, or nepotism. If you can provide a substantiated report of any such behavior, please submit the report via the AADAO Oversight Github under "Issues": github.com/gaiaus/aadao/issu… For lawyers screenshotting this - I'm in the UK. There is no specific statute preventing the disclosure of the receipt of a demand letter, and good luck arguing a libel case in British courts (only courts that have jurisdiction over me). Check out our concepts on truth as a defense, honest opinion, and public interest publication.
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1/2 - Interstellar voted Yes to Prop 865 in Dec 2023, but at the time, we completely missed the link to the bonus clause in the proposal (page 8 of the IPFS doc). Our decision was based on a layman's understanding of bonus allocation mentioned in the title of the Prop — that the bonus was never guaranteed, served as a maximum cap, and with full distribution contingent on EXCEPTIONAL performance (not merely above-average).
20 Sep 2024
According to Youssef Amrani, AADAO General Manager (GM), he asserts that his base salary ($14.5K USDC per month), total possible compensation structure (base salary retention bonus performance bonus), and his proposed methodology for team and individual bonus allocations utilizing 100,000 ATOM (distributed as 70% performance, 20% retention, 10% StratComm) were all approved by governance through Proposal 865. This claim can be heard in the provided audio from AADAO's August 30th Strategy Committee meeting. However, the Oversight Committee strongly disagrees with Youssef's interpretation that the total possible compensation structure for himself and the team had been completely "approved" by governance. A critical issue for Oversight is that the "Performance and Retention Bonus Protocol" document, which details the bonus distribution and usage, was not directly linked in the text of Proposal 865. Limited surveys conducted by me with voters and validators indicate that: 1. They voted in favor of the *potential* use of 100,000 $ATOM bonus pool, contingent on the team deserving bonuses. 2. They understood the use of the bonus was dependent on Key Performance Indicators (KPIs) shared with and approved by the community. 3. Many were unaware of the Performance & Retention Bonus Protocol document when voting in favor of the proposal. To clarify what was actually approved by those who voted 'Yes' on Proposal 865, we are seeking community input on these critical questions: 1. Was it explicitly clear that the 100,000 $ATOM bonus allocation for "Performance and Retention Protocol" could be used to supplement monthly salaries? 2. Is it appropriate to use the bonus pool for contributor performance that merely "meets expectations," (average/unexceptional performance) or should it be reserved for performance that "exceeds expectations" or better? 3. Did you interpret a "YES" vote on Proposal 865 as approving all policies within linked documents, such as the "AADAO Performance and Retention Bonus Protocol"? 4. In your opinion, does passing a proposal implicitly ratify all linked documents and their contents, or should such ratifications be more explicit? Additionally, how do we determine if document linkage is sufficient, and where should these links be presented? We urge community members to join us in the Forum and respond to these questions. Your input is crucial in understanding the true scope of what was approved through Proposal 865. For reference, the Performance and Retention Bonus Protocol can be found at the provided link:  docs.google.com/document/d/1… Forum conversation: forum.cosmos.network/t/aadao… AADAO Historic Compensation & Bonus Distribution: docs.google.com/spreadsheets… #Cosmos #AADAO
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Typically, in any employee agreement, the only guaranteed payment is the base salary. Organizations generally compensate employees as follows: Above expectations: A bonus is awarded. Meeting expectations: No bonus, or a discretionary bonus—usually a token sum—decided by management. Below expectations: No bonus, with the possibility of being placed on a Performance Improvement Plan (PIP) or even asked to leave. While there may be an expectation that the team should receive "some" bonus for merely meeting expectations, the general understanding is that this would only be a nominal amount, not the full allocation of the 100,000 $ATOM designated for the bonus pool.
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