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

Brick

Ren

AI Summary

AI Chapters

Episode notes

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.

The concept of progressive decentralization at the app layer, emphasizing the value of incentivizing specific user behaviors and building incentive programs that align with the needs of the protocol.

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.

Introduction

2min

Institutional Interest in Crypto and Anomalous Avalanche Transaction Count

5min

Binance Faces $4 Billion Fine

7min

Tokenomics Updates and Curve USD Markets

11min

Market Manipulation and Mechanism Design Failure

13min

Maker Protocol and USDC Peg

9min

The Rise of Perp Dex Models and Yield

22min

Financial Performance, Governance, and Adoption of Changing Data Streams

2min

Revenue Generation and Chainlink's Success

2min

In this week's analyst table Dan and Sam are joined by Blockworks research analysts Ren and Brick to dive into this week's biggest news. Dan covers Avalanche's recent surge in transactions stemming from ASC20 minting spam. Key governance updates include MakerDAO's current peg stability module and Aave and Curve's USD integration. Discussion then moves the dYdX market manipulation event that damaged the protocols insurance fund and subsequent debate between Kain and Antonio. To close out the team covers crypto gaming projects and the Pyth airdrop. Enjoy!

As always remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice.

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Timestamps

(0:00) Introduction

(3:27) Avalanche TX Volume & CZ $4B Fine

(12:01) Sam Altman Removed from OpenAI

(14:38) Aave & crvUSD Integration

(20:55) Orca Prop for Directing Fees to Token Holders

(25:08) DAS London Ad

(26:03) dYdX Manipulation

(39:17) MakerDAO Peg Stability Module

(48:46) Vertex LBA & Yield Payout

(55:47) Gaming: Duel Arena, Friend Pet, Illivium, Project Awakening & Lattice L2

(1:08:38) Pyth Airdrop Takes

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Resources

Eve Online Economy Interview

https://youtu.be/hDCAGgpAPbk?feature=shared

Pyth Airdrop Report

https://app.blockworksresearch.com/research/pyth-network-pull-not-push

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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.