Kevin Liu (@snugglebug) • Hey
we in this bih!
Publications
- im back!
- ethcc starter kit:
riot shield, gas mask
- rahhhhh
- Good morning lens frensssss who’s gonna be at ethcc?!
- LFG
- GOOOOOD MORRRENING
- Gmgm
- good morning! anyone going to polkadot decoded?
- Gm
- whats goooooooooodddd
- gm.
- GMGMMGMGMGMGMGMGMM
- is there an app for lens like titkok?
- Only degens start from 0
- @orbapp.lens why are my notifications so delayed
- we back
- Gn lens frens
- Does anyone else’s orb app take a really really long time to update notifications and statistics like following and follower count?
- Do we have any lens-fluencers in this space yet?
If so, who should i follow?
- Works on my side
- @wav3s.lens looks like it works pretty well! good job team!
- Testing wav3s out!
- if a DAO had a treasury of 10 million USD, and I have a project (could be anything) looking for donations. And the DAO has governance tokens: supply: 100 Million, 1 DToken = 1USD, does this mean if i spent 50 mil to buy up the entire supply, I propose; and vote successfully through a proposal to donate 10 million USD from the treasury to my project, then proceed to dump those governance tokens, doesn’t that mean I’ve effectively pump and dumped their token, and I’m up 10 mil? 😂
- that feeling of spending hours everyday on CT and then going to a crypto conference and being able to actually speak to them about all that joocey boocey knowledge youve learned off of CT
- Gm lens frens!
- @stani.lens with @lensprotocol.lens in Oxford!!!
- bruh even vitalik is FUDing ethereum
- Gm lens frens, what r we FUDing today? 😔
- imagine sybilling ZachXBTs donation wallet 😂😂😂
- how can you drive a car without knowing what a car is?
same applies to- how can you regulate something if u don’t know what it is?
- Gm!
- First ever in-app Lens Space via @buttrfly.lens 🎙️🦋 🤌🏽
- Very good weekend read for anyone building on Lens and web3 social https://www.decentralised.co/p/a-new-internet
Lot of interesting thoughts around portability, what components are reusable, what should be novel and unique on social media apps, embedded social apps and communities as economies
- Good morning!!!
- are there actually any viable L3s out there
- what’s the need for solana if u can just chuck another layer onto layer 2’s like arbitrum and zkSync and make a layer 3, and have all that fast txns low fees associated with solana but with much better security bruv
solana -> 0
- with uni V4 and specialised hooks, will aggregators like matcha and 1inch still be able to aggregate them easily if there are custom conditions applied to them? will they have to manually account for each specialised condition?
- @orbapp.lens currently to bring a community to the app you have to go through a form, would you guys consider appropriate avenues to decentralise this process? Because right now it seems to get a community approved there’s a large amount of centralisation involved
- @orbapp.lens there’s a massive delay for me between receiving push notifications of an interaction, and actually being able to see the notifications and interactions in my in-app tab for notifications.
is this a local problem? or is there a general consensus out there that this is an issue
- @stani.lens is there a ranking algo for lens like there is for twitter trending and for you etc?
are there bonus points for posting images etc
- Good morning lens frens
- Gn
- Gmgm
- who’s going to ethcc?
- what do we think of uniswap v4?
- Things just got faster.
Introducing Media Snapshots on the Lens API.
This new feature takes snapshots of media content from profiles and publications, which leads to faster loading times for users.
Applications can now enjoy the luxury of increased efficiency. This enhancement comes with the addition of two new fields to the 'MediaSet' type: 'onChain' and 'optimized'. They will each respectively hold the original uploaded content and the snapshotted content.
The type of content being snapshotted is:
• Profile pictures (not NFT PFPs)
• Profile cover photos
• Publication content under metadata media (including covers)
Dive into the dev docs:
https://docs.lens.xyz/docs/media-snapshots
- **Has a16z’s recent proposal denial given some insight into how DAOs are run?**
Recently, a16z, who is Andreessen Horowitz’s crypto arm (a venture capital farm), has used the full might of their tokens to vote against a proposal which would endanger the success of one of the projects backed by them.
To give some context, the proposal proposed for Uniswap to be deployed on BNB chain. Typically, the proposal system works as such. A temperature check will be posted on the DAO site; if that passes, a full DAO vote will proceed. However, apparently due to some technicalities of how a16z stored their UNI tokens, a16z were unable to vote in the temperature check. So, the proposal has reached stage 2 now and is now during the process of a full DAO vote. To deploy Uniswap onto BNB chain, they would have to use a bridge to do so. The bridge, in this case, is wormhole, which directly competes against Layer Zero (the project backed by a16z). After the technicalities of a16z’s UNI storage was sorted out, they used the full might of their 15M UNI tokens to vote against the proposal.
This perhaps highlights some key political issues with how the DAO system is commonly ran at the moment. a16z’s recent move has highlighted that even though the DeFi spirit is to decentralize and move away from capitalistic central governance, the DAOs are still controlled by those that have the most money. The more tokens that you have, the more voting power you have. With this system, whales render normal retail users or DeFi degens useless because of their over-arching power and ability to turn the votes. This makes the utility of DAO tokens decreasingly meaningless.
This turns DAO tokens more into just an asset that performs based on the popularity and adoptability of the project, with no direct correlation to the technical aspects of the project. This is strongly evidenced by the circulating supply compared to the average voters on a DAO proposal. In this instance (with Uniswap), the total circulating supply is around 762 million. However, on governance votes, at most, around 85 million tokens are used in a single vote. This shows a lot about the utility of the governance token.
Perhaps, a substantial roadblock is the fact that many crypto buyers are in fact using CEXs, where they would most certainly not allow for governance participation from their hot wallets. The users would have to transfer their tokens to their own wallets and then use them to vote. Transferring the tokens to a wallet and creating the wallet is a big learning curve for those that are not regularly involved in the community. This is a huge roadblock for the DeFi community if we want to push for more adoption from the general public.
Something that would revolutionize the DeFi space would be for a system to be invented whereby governance participation fairness could be balanced out such that those that hold the most tokens don’t dictate how the vote will go. Although this sounds like a terrible idea and goes against many common beliefs that we are used to, and may even beg the question of why people would even want to purchase this token. I am sure some giga-brain will invent a system to revolutionize the DAO culture right now. Take a look at AMMs, for example; before Bancor and, more notably, Uniswap, having a decentralized way of trading tokens was just a dream. But still, they managed to create a system that allowed users to swap tokens.
- Some thoughts how Lens ecosystem could evolve. First there should be a baseline out of the box features and algos available to all apps/use-cases to rely upon. This helps to mitigate cold start issue for all the new experiences and apps. Second, the apps could build their own algorithms and curate their audiences. The most exciting experience would be when you can login with Lens to all the appa but each app curates experiences and content based on their community and audience meaning that you get completely different experience on Orb, Buttrfly, Phaver etc even when everyone is using the same shared network. This direction would bring some diversity for the apps and builds awesome communities. Especially when Lens becoming fully accessible, the bebefits would be amplified 🌿
- gm
- hello world!