Here's the thing. Pure-governance DAOs do not work! They do end up as decentralization theater. One DOES need economics to be connected in.
Now, question is:
- What if ENS redirected all revenues to participating token holders?
- What if ENS was supported in all major browsers?
This @monerium EURe pool on @CurveFinance at @gnosischain (which is really old good cryptopool applied to FX) is crushing it. It's liquidity for the legacy version EURe, but the pool doesn't care - there's a great demand for this version, so it serves this demand
I propose a method to clean up underbacked (after 10/10 market crash) loans at @CurveFinance CRV LlamaLend market, permissionlessly.
* Curve DAO invited to vote for pool;
* Market participants to study the opportunity;
* Arb traders to make bots.
@StaniKulechov In all of this, Aave suffered the most while being the least to blame. Potential bad debt is not larger than average unrealized loss in US banks.
So wishing you and all the users to resolve soon. Aave will win!