Insanely bullish tokenholder update call from
@maplefinance this week! (see clip below!)
Which was on top of two huge pieces of news to start off Q3:
1) Maple launching on Robinhood Chain with a new yield-bearing asset $syrupUSDG
2) Maple posting MIP-021 to enshrine a new token buybacks mechanism (more on this below!)
The call also contained reams upon reams of bullish updates and stats...
As well as much wisdom from
@syrupsid and
@joe_defi...
Below was a great clip from it, but highly recommend watching the whole thing, and will include two other really good ones as well...
And will also link to the full call below as well as the recent news noted above and some other good stuff!
But yeah... these tokenholder updates call really set the precedent for 'best practices' in the space imo...
As does the primacy of $SYRUP vis a vis there explicitly being no equity component for it to compete against (token/equity models being a hot button topic of late on here obviously)...
As does the buyback model contained in MIP-021...
As I've mentioned before, my general thought is that crypto is this extremely emergent, mega high-growth industry where there is potential for 100x and 1000x growth, and therefore reinvestment should- in general- be the primary directive for projects... (ie these aren't railroads or grocery stores or old-fashioned Warren Buffet 1950's dividend stocks)
HOWEVER... there's been so much vapor in crypto and misaligned incentives that buybacks are crucial as a signalling mechanism vis a vis the seriousness of the project as well as token primacy and the fact that all value should accrue to tokenholders...
Maple is combining the two with as much intentionality and purposefulness as you will find in the crypto space imo.
And the call is just further evidence of that too.
But yeah, as always... I work with Maple and own tons of $SYRUP and there is no project in crypto I have more conviction in right now...
Indeed I don't see how anyone can watch the call and go over all the news + stats and not be insanely bulled up on Maple going forward from here :)