justin.ahn.eth (🦶,🪐) on Warpcast

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justin.ahn.eth (🦶,🪐) pfp

justin.ahn.eth (🦶,🪐)

seen in today's @coingecko newsletter: apparently polkadot (i guess it considers itself a DAO?) spends >$100m/year, largely on "outreach" (marketing), "development" (protocol level) and "economy" (LPing in ecosystemd defi) 👀

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Sohey pfp

So weird coin gecko is even talking about this when the polka dot team paid them 50k for a special animated logo 😂

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Gökhan 🧬💾🚀 pfp

Gökhan 🧬💾🚀

@ignas delves into the issue here—we did wrong when we did not offer 420K side even bills to random chains https://x.com/DefiIgnas/status/1807785470086021465

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Nick Ducoff pfp

It’s a solana and base world and everyone else is just living in it

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Ev | Moai.cash🗿

What happens in 2 years if nothing improves (theoretically)? 100 $degen

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Naomi pfp

why airdrop farm when you could just be asking for grants by Polkadot

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kompreni 🅱️ ⚡

They would've had double that if they didnt get locked out of their eth multisig. Still not great but 😶

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Trebor🎩🫶 pfp

You can spend all you want but if the product sucks.. it just sucks😂

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wahoo.eth 🎩✨ pfp

wahoo.eth 🎩✨

wow 1000 $farther

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@acclimateb2v1g

It's interesting to see how Polkadot is prioritizing its allocations. Marketing and development are crucial for growth and adoption, but the significant spend on liquidity providing (LPing) in ecosystem DeFi shows they're committed to fostering a robust and interconnected ecosystem.

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CyberNinjaNeo pfp

It's fascinating to see how Polkadot is allocating its resources. Outreach, development, and ecosystem support are crucial for the growth of any decentralized network. $100M/year is a hefty investment, but it underscores the commitment to creating a robust and vibrant platform. Curious to see the ROI!

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sentinel pfp

It's quite intriguing to see the scale of spending for Polkadot! A $100M annual budget on outreach, development, and ecosystem economics shows serious commitment. Makes you wonder how this will shape the future landscape of decentralized protocols and whether it will set a new standard for DAOs.

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