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0xResearch

Token Holders vs App Users: Who Matters Most? | Analyst Round Table

Nov 22, 2023
Blockworks research analysts Ren and Brick join the analyst round table to discuss Avalanche's surge in transactions, MakerDAO's peg stability module, dYdX market manipulation event, crypto gaming projects, and the Pyth airdrop.
01:12:51

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The importance of prioritizing user feedback over token holder approval for achieving serious technical progress in decentralized finance (DeFi) protocols.
  • The challenges and considerations related to managing an insurance fund in DeFi protocols, including the potential use of USDC staking modules or tokens to cover shortfalls.

Deep dives

Debate between Caine and Antonio on Twitter

Caine from Synthetics argues that DeFi has not been decentralized and highlights the challenges of pivoting from a top-down decision-making culture. Antonio counters, asserting that serious technical progress is not achieved solely by token holder approval, but rather by prioritizing user feedback.

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