The Last Tile retweeted
Just to reaffirm how terrible Aave Labs is and how uninvestable AAVE token is despite how much their team wants to psyop you into believing they care, they’re still on a multi year plan to slow rug the DAO and treasury
1. Aave Labs rugs front end revenue from the DAO. Huge controversy. DAO rigs votes & governance process in their favor. Eventually they propose and pass “Aave Will Win” which says they’ll direct all revenue to the DAO (wait until you see #2 lmao). But the Labs also votes themselves $25mil for operations and an additional $17.5mil for hitting objectives like $5mil for launching and app (what’s the point of the $25mil?)
2. Soon after they get rekt on the rsETH bridge exploit and pause buybacks (more good news fork token holders 🙃). Buybacks have not resumed btw
3. Of course in the meantime they’re in no rush to resume buybacks but they are in a rush to get the app launched so the Labs can cash in their $5mil performance bonus for shipping an App…
4. And now they’re setting up another Cayman Islands entity 🤦🏼♂️ because this time it’s really gonna align incentives ! By the way the DAO is being asked to foot the bill for this again. **wtf was the point of funding Labs with $25mil if the DAO is still funding everything after that?
There’s many sub $10mil memecoins with more holder alignment and holder revenue than AAVE
Replying to @tulipking @shitcoinintern
I know you were deep in the controversy last year, didn't it end up clarifying a lot of the revenue flow? Yes there's bad blood because Labs tried to screw the DAO but the DAO reacted strongly and it seems like AAVE has some of the clearest value capture of nearly any asset as a result
Just organically came across this in Google search - pretty cool resource
Introducing Traderpedia
A wikipedia for onchain traders
Anyone can contribute and earn points that might convert into something valuable
This is just the first small piece of a much bigger puzzle and will evolve over time
traderpedia.org
The Last Tile retweeted
This portfolio construction looks awfully familiar 🤨
@citrini is a certified ball knower, very impressed he has ethereum:0xb1d1eae60eea9525032a6dcb4c1ce336a1de71be at the #1 spot
Pretty clear what the winning bets are in crypto now. If you look forward 6-12 months and your TAM isn't expanding several multiples from agentic trading and on chain RWAs/tokenization, you're just not that interesting of a bet to take when those are so clearly the upcoming catalysts.
Your biggest risk as a crypto allocator right now isn't quantum, it's the opportunity cost of being stuck in stale and outdated tokens that generate no revenue and garner no institutional bid.
Seems like a pretty big deal seeing how large private market valuations are right now.
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The Last Tile retweeted
Which crypto cards pay cashback? Which have no FX fees? Which are self-custodial?
Our new crypto card dashboard compares 30 cards side-by-side so you don’t have to.
defillama.com/crypto-cards
The Last Tile retweeted
TradingView charges $2,399 a year to plot 16 charts on one screen.
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openmarket.xyz
The Last Tile retweeted
1/ Huge respect for Dragonfly continuing to invest in the bear market.
But I'm morally obliged to call out sketchy projects gaining momentum.
As a community we must preempt large scale implosions like #FTX or #LUNA that set the industry back years
Bitget may be the next FTX 🧵
I'm thrilled to announce @dragonflyvc's investment in @BitgetGlobal.
Bitget is making crypto more accessible with its innovative derivatives products and a user-centric approach, and we're proud to support their mission and growth.
theblock.co/post/224702/drag…







































