5min chapter

I Pledge Allegiance cover image

Trent Van Epps and Tim Beiko - Funding Ethereum Core Development and the Protocol Guild

I Pledge Allegiance

CHAPTER

Ethereum and the Risk Reward Curve

The idea with protocol gailed is that if we can get, you know, projects on Ethereum to eventually default to putting a small fraction of their supply in protocol gailed and then distributing that supply kind of trustlessly over the different L1 contributors. The sum of those contributions provides high enough incentive to be comparable with going to work at the application layer directly. This is like Tim mentioned, it's dependency management. You wanna make sure that the foundation that you're building on is properly funded. If you have a protocol that has a token or producing, there should be a mechanism for you to give back to the protocol.

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