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tomu
@tomu
i was really into tokenset/index coop in the early days of defi. it was the easiest way to get my friends in too. instead of telling them to buy a bunch of tokens, they could just grab an index and get exposure to different tokens based on their risk level surprised i’m not seeing more models like those today, especially with how much improvement we've had with onboarding and gas costs
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Juli 🎩↑
@juli
I‘ve been super bullish on Index Coop back then and thought decentralized asset management would become huge. The first Index products were pretty solid but slightly unattractive for DeFi natives (I pick my assets vs holding all index; or traded in & out of leverage tokens). Unfortunately, contributors went diff ways and the project focused too much on governance, not product or (normie/Cex) adoption. Made one of my biggest wins back then with another protocol that built on tokensets but didn’t deliver much except farming rewards to me 😅 I was also active in other asset management projects like Dhedge (active asset management, copytrading) which was riddled by gas fees (300$ for trades, hence stopped trading 🙃) and should have been much better on l2s. They also moved to l2 & improved the product but never fixed incentive misalignment or managed to get meaningful interest again.. Most of the projects I checked over the years left, have little cash or improvements - despite 4 years of time. Sad!
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Juli 🎩↑
@juli
It didn’t help that this is certainly one of the very grey areas to operate in regulatory-wise.
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tomu
@tomu
are those security targets? + yeah, i do think now on layer 2 would have a lot more volume and easy to play around with synthetic/index assets
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