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https://warpcast.com/~/channel/higher
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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:
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@saintless
a token + media flywheel is quite a powerful thing i'd say our issue so far wasn't really capital, but coordination
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Coordinating is something we have to do through forming relationships of trust and taking on responsibilities. My hope would be that the permapool can act as starting point infrastructure to align incentives in relationship and create trust more easily during coordination efforts. Adding funds to the permapool is a tangible goal people can coordinate around and it can also prove their alignment with long-term ↑-ness. It makes people easier to support, imo, because the chain will prove their alignment via proof of their choice to fund the pool. It’s different than market buying because market selling is also a thing. In this situation it’s a permanent commitment to a long-term future. Regarding what the fees are used for, a media org is just one idea for what could be built on top of it. In any case, it could generate fees that cover some cost of something. Simply floating the idea in case it sparks things for people. I’d like to hope it might move things forward re coordination.
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@saintless
permapool is great! at some point LP is deep enough and fees don't need to be added back anymore, but used for expanding the network is it already working? do you have a zapper link?
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Not already working and no zapper link. I’m just someone who would align myself using permapool. It’s an idea that came up through me receiving a grant and needing to dump it. Which made me think about the flaws in just giving out grants.
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@saintless
definitely somewhat flawed, especially at low prices i found the contract, LP set but no funds yet, will keep an eye on this
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what flaws do you see?
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@saintless
"needing to dump it" and it's not pretty when prices are as low
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oh yeah agree, the grants only approach is a getting people to dump your token kinda game if the grant receiver wants to see the value immeadiately and not risk losing value they need to dump immeadiately adding LP via permapool might make grants prettier in time, if lp is thick enough to eat the dumps
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@saintless
it's more of a grant to mcap ratio 10K grant at a 250M mcap is no issue 10K grant at 5M is, well, you get the idea
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yes and permapool contributions (if ETH is sourced from elsewhere than selling Higher) increases mcap and stabilises vs volatility
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@saintless
imo this is too complex as a starting point for people to contribute eth to permapool what do you think would be a simpler version of this?
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could be through a revenue split on higher art mints in ETH 50/50 artist/permapool or via a kick-starter esque Hypersub / party or aethernet could get generous or ???
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@saintless
but why would an artist do a 50/50 split, what's the incentive? could easily just tag higher on zora and burn 10% higher as a sign of contribution moreover the most popular platforms offer 50% of original mint price for the artist, with the split you're suggesting it will be 25% which is too low PartyDAO already has a 150K higher LP and is earning fees everyday (the permapool playbook but it's not automated) Aether's (@martin) got a fat wallet and initially it was accumulating higher but I'm not sure what are the next steps with the tokens in its wallet. At some point we may find out, I guess. The amplification incentive which truly worked (for a relatively short period of time) was Aether collabs mints. Orders of magnitude more attention on artist's work. Overall was a win-win scenario. I don't see how we can top that in the present. But we can in the future. We also got the Aether Hypersub (https://hypersub.xyz/s/aether-8pvtiwcxwqo0)
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