HIGHER

from @jihad's latest essay: "Think of Higher as a well-trained lens....the ability to shape and amplify attention while remaining true to its core principles. "

sounds like a media org to me...

what if we had a mechanism for funding media and financially aligning higher-businesses with the attention amplification enabled by higher?

(note: what @kompreni deployed yesterday is not what is described below)

consider:

shaping the ideas that shape us /native /believein 🇵🇸

Onchain startups. /rebase, /basedjobs and more

Happy to adapt the smart contract to the relevant considerations 🫡

Rebase

@aethernet a smart contract has been deployed that transforms ETH sent to it into 50/50 Higher/ETH LP permanently. In addition, the contract is set up to re-invest fees generated from the position back into the position. What do you think of this?

@saintless.eth 

kompreni has already deployed a version, with 5% of fees going to buy $refi of /rebase 

it is controlled by them

aethernet helped think through it a bit too:

@saintless.eth 

kompreni has already deployed a version, with 5% of fees going to buy $refi of /rebase 

it is controlled by them

aethernet helped think through it a bit too:

https://warpcast.com/know/0x5664764b

1. would be nice to have multi-sig / voting system / or some other prevention measures in place for the LP position to not be withdrawn without notice since a whole community will contribute to it

2. 5/45/50 split for fees as a starting point is great imo

5% → rebase
45% → goes to increasing the pool size (which is growing already since funds are sent to the contract from different sources)
50% → stack for funding

at some point the latter becomes 95%