building capacity. governance & community @centrifuge| co-founder @greaterthxn
Joined April 2009
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Yep yep yep Enspiral is still going strong. Learn more in this beautiful write-up
katebee retweeted
"Businessmen became politicians and were acclaimed as statesmen, while statesmen were taken seriously only if they talked the language of successful businessmen."
— Hannah Arendt, The Origins of Totalitarianism
katebee retweeted
The public don’t understand that the olive oil price is skyrocketing because crops in Europe have been devastated by extreme drought because of climate change, and that it’s going to get much worse - or that David Attenborough warns the collapse of the food system is on the horizon which means extreme violence… youtu.be/8kKe_x1YEoA?si=VEOJ… The public don’t understand because the media aren’t interested and aren’t telling them. More about it here: xitter.cf/jimbair62221006/status…
Very true! @centrifuge forecasted these trends in 2018, started #RWA and built the tech around the different use cases you mention
Quick thoughts around why I recently changed my mind about RWAs:
Long term:
RWAs will exist on-chain long term. I have always believed this. Question is how they get on chain.
Why I wasn't bullish RWAs in 2018:
In 2018, many projects were putting real estate on chain, price tracking US equities for investors in other countries (e.g. giving the rest of the world access to the S&P 500, Apple stock, etc), or creating debt markets for real-world borrowers.
But there were many obstacles:
-- Institutions and high-net worth individuals make up the bulk of the demand, but did not want these products on-chain because they did not lack access. Institutional players & HNWI could already access real estate, bonds, and US equities, so they would not change their processes. Putting these assets on-chain was only incrementally beneficial and most of the real benefits (access to defi, composability, etc) couldn’t be realized because there wasn’t infra for it yet.
--Supply was sporadic & had negative self selection. Supply of real estate for example was usually a single building or small cluster of buildings. Few people with real supply were putting it on chain. Usually, the type of assets that came on-chain were those that could not get demand in the real world, and so there was a negative self selection of assets that were available on-chain. This further made it harder to generate demand.
-- Legal issues / enforcement issues.
-- UX & custody issues. Most of demand was coming from non-crypto natives. Crypto UX and custody were a big blockers. Few had the capability to safely self-custody millions in assets.
Why now:
-- The US interest rate environment changed from 0% to 5%. This means (1) dollars on chain want access to real-world yield and (2) there is now demand off-chain for low APR loans.
-- Defi matured. We now have stablecoins, lending markets, exchanges on-chain. The “theoretical” benefits of putting real world assets from 2018 can now be realized.
-- Not all RWAs will “make it” this cycle. Simple, fungible assets like t-bills will make it first. Bonds are in the middle. Real estate will still lag and may not happen in the next few years.
-- UX and custody are no longer huge issues. Crypto-natives want real world yield. Orgs who are already familiar with operating on-chain want access to cheaper dollars. Both parties have familiarity with crypto and also custody and UX have improved a lot since 2018.
Crypto will be the backbone to our global financial system. It taking its first steps toward real world assets today.
Brilliant blog about Centrifuge and credit
"Real talk: Without real world assets and efficiently allocating credit this industry will not grow beyond a (fun) theme park"
Came back to Twitter to share the first public piece I've written about crypto in half a decade, about @centrifuge and the future of defi
paragraph.xyz/@lakejynch.eth…
Centrifuge PRIME is here.
The TOOL to ONBOARD a FULL PORTFOLIO of RWAs🔥.
Join Beta
⚡️ Introducing Centrifuge Prime.
Centrifuge Prime offers the services and tech that DAOs, stablecoins, and protocols need to onboard real-world assets.
Across on-chain, legal, risk, assets, and more, we bring RWAs to DeFi-native organizations.
medium.com/centrifuge/introd…
…“the verb ‘deposit’ creates a noun: ‘deposit’ (“the flood deposited silt, now there’s a silt deposit”) we deposit (verb) money into a bank, so the subsequent ‘deposit’ (noun) must be the thing we put into the bank..”right? @Suitpossum: “No!” open.substack.com/pub/bretts…
Governance systems where we pause, learn, discuss & design rather than just rushing in repeating the same old stuff. Gov Group @Gbbigbuy @Rhano72834065 & @cassidydaly are building key infrastructure & the culture that these things called DAOs need: less bureaucracy, more dynamism
1/ It's an exciting time for Centrifuge Governance 🏛
In the last 6 months, we've seen tremendous growth, with more proposals and clearer processes than ever.
Read our latest blog post to catch up — and to learn how you (yes, you!) can get involved!
medium.com/centrifuge/now-is…
katebee retweeted
I basically think you become an embodied expression of the states of consciousness you spend the most time in, so you should choose them wisely, and that this is a much more effective way of guiding yourself to grow than considering your strengths/charms/weaknesses/flaws
katebee retweeted
One way of sorting Liberating Structures is into the following buckets:
Interaction Patterns
Making/Using Artifacts
Invitations(directionality)
🌀GCG Status Q4 2022🎄💨
@centrifuge Governance & Coordination Group (Imdior and @Rhano72834065 ) has completed quite a few things tasks🤗. So we thought to give you an update on our efforts so far.
gov.centrifuge.io/t/gcg-stat…
#Governance $CFG #DAO
The stakes are down, people are lacerating crypto while asking openai ‘wen world end?’
@centrifuge is still there proving that there’s power and value in DeFi
Nice way to end the year! blockworks.co/news/makerdao-…
katebee retweeted
A big challenge for the #crypto commons movement: developers should not be held in jail for the code they publish nasdaq.com/articles/3-things… the freedom to publish open source code is the freedom to share scientific research.
This is why I love working with Asad: seeing the nature of the opportunity from different angles: finance, tech, the social layer..
this thinking evolves the concept of ‘institutions’ from boundaried pantheons 🏛 to networks 🕸that operate past/post state+corporate overreach
Thank you @TheEylon!
in the face of all the crypto faff, just trying to build sustainable, impactful governance one step at a time 🌻
.@kbeecroft is one of the deepest thinkers and executors of practical decentralized governance.
While most DAOs aim for legal arbitrage and dropped like hammer to the "community". This @centrifuge proposal is a framework to build actual DAO foundations.
gov.centrifuge.io/t/founding…
katebee retweeted
Amsterdam airport police running after hundreds of climate activists blocking private jets while on bicycles is objectively funny nos.nl/l/2451147
katebee retweeted
A lot of the time, when people ask for things to be practical it really means ‘please don’t give me practices that challenge what I am familiar with’. Sound practice should not be the usual comfortable platitudes that make you feel good but don’t really require change. – at Lockeridge, England
Good governance requires a simple yet robust process and framework which can evolve to meet the needs of a DAO as it grows.
pretty great start @Gbbigbuy @Rhano72834065 @centrifuge 🌀
Ivan & Orhan, @centrifuge Governance & Coordination Group members have been working on a proposal for a new governance process. Join tomorrow’s governance call to discuss the proposal and bring in your questions & comments. Link in thread👇
gov.centrifuge.io/t/rfc-prop…
katebee retweeted
Just 7 weeks to go until the Doing Better Work Together gathering. There is going to be a bunch of great content on decentralised organising, specifically for folks out there building DAOs - blog.betterworktogether.co/p…