Elie pfp
Elie
@elie
Does it bother you that most web3 products donโ€™t have a business model?
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Caden Chase pfp
Caden Chase
@cbxm
you'll have to give an example, but generally no, because of the community-first ethos we see a lot here founders can envision a business model, but the community can also be consulted once it's live I feel like it's swimming with the current (of users), vs building a dam (to retain them)
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Elie pfp
Elie
@elie
Would be interested to find examples of business models ๐Ÿ˜… But some examples: Farcaster Uniswap The Graph Aave Last two actually do but tiny revenues. And Farcaster Iโ€™m not actually worried for and can understand not yet monetising. But many services are run off magic internet money
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Caden Chase pfp
Caden Chase
@cbxm
but... uniswap, graph, and aave all have revenue models. uni: fees on swaps graph: fees on queries aave: fees on borrowing and aave has done ~$6MM in revenue in the last 30 days, I wouldn't call that tiny
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Elie pfp
Elie
@elie
Unis fee switch is turned off. Only lps make money today. Yes, GRT has revenue. But around 6k per month ๐Ÿ˜‚๐Ÿ˜‚ Aave has 1m revenue per month as per token terminal. Other fees go to LPs. Of all the examples I mentioned this is decent in comparison.
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