Cherry Blossom Enjoyer. $UFG Believer. Purveyor of Fine Cigarettes. Founder Mode @UFGDeFi Co-Host @FullyVested_Pod Manifesting @ETHBushwick Always Doing Things.
NYC
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Gm gm, wanted to give a personal update before the Asia Conference Circuit starts.
I am winding down my time at @CapApp and will be departing from my position as Head of Growth at the end of the month and go all-in @UFGDeFi. This was not an easy decision to make but it is the right one.
It's been an honor & pleasure working alongside @Benjamin918_ and the entire Cap team. Benjamin has stated that he wanted to get together a team of A+ players and he really did here. I've learned a lot over the past 21 months; It's hard not to when Cap is truly pursuing innovation in a sea of sameness. I'm proud of my work in bringing awareness and light to these efforts, especially in today's attention landscape. As Cap continues to advance a new form of credit to the productive economy, I'll be rooting for them from the sidelines and I know they will do me proud.
Yes it has been fun being "TradFi Dave" for a bit, but in reality DeFi Dave never left. Whether that is what @Cibolan2000 and I have been cooking at UFG or with the interviews @patfscott and I have been doing with @FullyVested_Pod, what both have in common is they are a vision of DeFi I want to see in the world.
Time is precious and there are few moments that are given to you where you can actually have an impact. Right now is one of those moments and I would be not true to myself if I didn't pursue it with all my heart and soul.
For everyone who has been apart of my crypto journey for the past 9.5 years, your support means more than you'll know to me. And as I enter this next chapter, I leave everyone with a quote from the greatest himself, Muhammad Ali:
“If my mind can conceive it, and my heart can believe it - then I can achieve it.”
I stand by those words. Now watch with your eyes. See you in Seoul and Singapore.
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When I wrote about lorebuilding a year and a half ago, it was from the perspective of storytelling.
Now as we build @UFGDeFi, my lorebuilding thesis has expanded to include creating primitives that invite community members to build because the incentives are clearly aligned.
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DeFi Dave retweeted
Still in seoul? Hit my line for artisanal, hand crafted tplus tea pets
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The best way to think of Sovereign and Immutable Treasuries is that they are batteries capturing and storing value to be used when the time calls for it.
For too long, the value generated at a token’s launch failed to be captured for the benefit of all.
At its worst, it only benefited a few.
Sovereign Treasuries fix this, empowering communities to bootstrap belief in a project’s future by saving the value created at genesis.
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I don’t think people realize how powerful Sovereign Treasuries can be.
Yes, tokens fair launch, but the infrastructure around them is still heavily skewed and misaligned.
Sovereign Immutable Treasuries are the first step toward a meaningful solution.
UFG’s Immutable Treasury is the perfect primitive to accompany any fair token launch.
When we say everyone has a seat at the table, we mean it.
And now with Sovereign Treasuries rolling out, you can set your own table too.
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DeFi Dave retweeted
This one is the old case for storing different ingredients of Chinese medicine. On each drawer, two types of plants/ingredients are written. I should say this is rare to find nowadays, as it is part of history.
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DeFi Dave retweeted
The irony of all this is it’s framed as an ai risk that needs protection against. But think about what it really means
Our banking system is so unsustainable and extractive that the moment humans have smart ai bots advising them, the ai bots will recommend exiting banks and earning better yield elsewhere
Which makes most banks economically unviable
This isn’t AIs fault, it’s a risk of highly monopolized and extractive banking
And it’s fixed by decentralized finance + ai, where users decide what to do with their own assets and earn their own yield
The chief economist at Apollo is warning that mass adoption of AI agents could trigger a bank run as they optimize user investments. Gary Gensler spent his last few years as SEC chair warning that the exact same problem will hit the markets: the pursuit of algorithmic perfection at scale destroys system stability. Personal-finance agents making simultaneous optimal decisions could potentially cause a massive flash crash.
Agent acausal coordination, with no messages passed between them, will show up in a lot of places. Markets will get the big headlines, but huge numbers of clever advisors making very similar choices will impact all of human society. Capability gains make this worse, not better. The smarter the agents, the narrower the optimal path; and knowing that other agents see that exact same path lets them move together without talking to each other. Agents do not need to collude to act in unison. Thus, they break no human laws by doing so. Human laws were not written for this. They were not written for a lot of what is coming, and it is about to start happening very fast.
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We are fully vested in coming out with bangers on Fully Vested.
Now on all platforms.
Fully Vested episodes are now live on YouTube, Spotify, and Apple Music.
Follow us on your platform of choice to get our new episodes when they release.
YouTube: piped.video/@FullyVestedPodc…
Spotify: open.spotify.com/show/0346vv…
Apple Music: podcasts.apple.com/us/podcas…
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DeFi Dave retweeted
Imagine wearing new demna gucci and listening to Esdeekid that shit is a dream to me. I'm 30 btw
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DeFi Dave retweeted
Do buybacks or dividends perform better for DeFi tokens? I ran the numbers with DefiLlama's AI tool.
Buybacks were the definitive winner.
Out of 27 tokens analyzed, buybacks had a median return of 15.7% YTD and -37.5% over 1 year, while tokens with direct distributions reinvested had a median return of -3.0% YTD and -68.4% over 1 year.
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