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https://opensea.io/collection/evm-6
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ryan
@ryanrodenbaugh.eth
Wrote about the Uniswap Labs fees and more broadly the challenges crypto companies face in balancing OSS values & building businesses I look at the history of OSS commercialization to provide a framework for monetization in crypto. https://wallfacerlabs.substack.com/p/uniswap-fees-and-open-source-business
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lajarre 🧈
@lajarre
Great analysis. But why is accruing protocol tokens not a valid business model, supposing these tokens are made valuable by protocol and there is an allocation mechanism to the labs entity? Misalignment between token maximization and equity maximization looks fixable
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ryan
@ryanrodenbaugh.eth
> why is accruing protocol tokens not a valid business model, Overtime in exchange for work? I don't see this as sustainable as most all tokens have a fixed supply. > there is an allocation mechanism to the labs entity? At inception? Giving tokens direct to team & then to company looks a bit like double dipping
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lajarre 🧈
@lajarre
I’m consciously equating team and company alloc. If team wants to make company, members use their own tokens. But ideally the company exists at inception I’m only thinking about initial alloc here, no “over time” (apart from vesting if exists)
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ryan
@ryanrodenbaugh.eth
I'm not following completely. 100% teams should have some allocation up front (norm is anywhere 20-30%) with some vesting. But once that vesting is done, then what? I believe if they want to retain high caliber people, they probably need to have a business accruing some value and not just being a service provider.
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lajarre 🧈
@lajarre
My point is that value can theoretically be accrued by making the token more valuable. If they need to employ people, founders might need to sell, thus pressure the token down, that’s true. But yet, is this enough to produce equity/token misalignment? I’d love to discuss this more. Will you be in Istanbul in 3w?
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