Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
TVL is not the goal; TVL is a necessary evil. Every dollar locked in a (especially immature) protocol instead of being locked in a simple and secure wallet is to some extent a security risk. Sometimes we have to take that risk to get valuable benefits, but locking for the sake of locking should be minimized.
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Jeff Lau pfp
Jeff Lau
@jefflau.eth
Having every dollar in a secure wallet kind of feels like the Ethereum version of hiding your cash under the bed. Locking for the sake of locking is also sub optimal, but isn't the point of a network that dollars are used within the applications built on top of it?
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Xin pfp
Xin
@xingpt
This also applies to Bitcoin Layer2s
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Mac Budkowski ᵏ pfp
Mac Budkowski ᵏ
@macbudkowski
+1. I think many projects promote their TVL to communicate: "Look how much money has been already trusted with our protocol - it must be legit, and you are safe to ape in." Ofc the last bull run showed us that following the herd might not be the best method to avoid risks.
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yuga.eth pfp
yuga.eth
@yuga
… so then what about staked ETH…?
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Nelson pfp
Nelson
@nelsonmckey
There will be a day - hopefully soon - where we stop using this overworked meme of a metric as a marker of success. The DeFi pulse days are long behind us. But protocols do need access to liquidity, so the concept isn’t going away. Hopefully the language and thinking can mature alongside better protocol design.
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Idan Levin 🎩 pfp
Idan Levin 🎩
@idanlevin
100% But the game theory playing out is that restaking protocols are fighting over $ because if it goes to protocol X it doesn't go into Y So they created a point system as the mechanic to distribute ownership later, and it is very lucrative to holders Blow-up risk is unfortunately an externality
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Wealthy pfp
Wealthy
@wealthy
Even better, $TYRANT's liquidity was sent to you which was very mature. Burning the liquidity will be like burning the Dragon TYRANT.
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Corey Petty pfp
Corey Petty
@corpetty
then how do we pay for the research and development costs? How do we identify the potential valuable benefits down the road to justify the up-front work (that's getting increasingly hard to find and pay for)?
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Scott pfp
Scott
@scott-m
What is the goal?
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bitcorn pfp
bitcorn
@bitcorn
@mintcast
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Ameowz pfp
Ameowz
@ameowz
🫶🏼
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Afox 🎩 pfp
Afox 🎩
@afox.eth
what's your opinion on everyone locking to get airdrops and staking rewards?
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Crypto Girl pfp
Crypto Girl
@liciusmagnum
I totally agree! Efficiency but taking the not avoidable risks
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lumpiq pfp
lumpiq
@lumpiq
Подаруй варпи плз
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Kripto Gelisim pfp
Kripto Gelisim
@kriptogelisim
Agree
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Charlie Marketplace pfp
Charlie Marketplace
@charliemktplace
I don't understand this. DeFi is all about making tokens available to counterparty some kind of risk game. If you're saying depositing for "points" (i.e. no actual game) I agree, bad. But the innovation is risky and needs to be backed by believers. AMMs, perps, decentralized stables, CDPs, etc.
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Abdula12 pfp
Abdula12
@aabdaabdul
Hard truth
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Michael Hofeld pfp
Michael Hofeld
@michaelhofeld
I’m listening
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Duacrypto pfp
Duacrypto
@duacrypto
Wen eth upgrade 👌
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