Coop
@coopahtroopa.eth
Is it just me or does pretty much every well-established wallet seem extremely against launching a token? I understand most of these products are profitable in the absence of a token but feels like a massive opportunity for someone to really lean in here and capture a significant amount of mindshare https://x.com/phantom/status/1875247758271189413
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MattwithouttheT 🎩
@mathew
What would be the purpose, really? Governance? Revenue share from swap fees (assuming you use the wallets swap function)? Maybe with some regulatory clarity, we’ll see one soon! Metamask is way overdue, though honestly, that team fumbled their first mover advantage. It’s hot garbage in comparison to wallets like Rainbow, Rabby, Phantom, etc.
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Coop
@coopahtroopa.eth
Literally just rev share from fee swaps correct Get tokens back for swapping on the wallet - get discounted swap fees for staking tokens. Bearish on governance for DeFi tokens, bullish onchain rev share with staking for premium features
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MattwithouttheT 🎩
@mathew
Do you think these companies have any incentive to decentralize and share those profits? Maybe if one does it, all the others would have to follow to stay competitive? Although Metamask has resisted adding many of the features that make other wallets so much better, so maybe they dgaf
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MattwithouttheT 🎩
@mathew
I suppose if they keep a chunk of the supply and then slowly (or quickly) dump on everyone, they can make it back that way lol
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Coop
@coopahtroopa.eth
I would argue most crypto companies have the same incentive to launch a token - sharing upside with your users. I think the ETH rewards Rainbow is doing is a step in the right direction but to me tokens represent modern loyalty points. I'm sure the investors in these companies would be happy with a token - still remains a bit unclear to me what the exit plan looks like for investors in wallets that raise multiple rounds with no intention of launching a token (which is basically the same as going public)
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