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kimchcryto

@eastsida6

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96 Followers
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🔥Attack of Vali: INITIA slash -80% of Yield in LP Proposal39 of INITIA is asking that Yield of LP should be down to 30% in May 28. And it is getting huge "YES" votes by validator Slashing the yield to one-fourth without prior notice is like an unexpected blow to the community members who trusted the project and provided LP support. What’s more, this is a proposal that could be decided in just 7 days and it is three times faster than the 21-day unbonding period required for stakers to withdraw. I think incentive yields should be adjusted to maintain ecosystem health balance. So such changes must be gradual and accompanied by clear communication and sufficient notice. This allows investors to plan accordingly. Governance rushed through by a one-sided parties(in this case, validators) will ultimately stamp belief of early supporters. We can talk, and make much better process i think. Dont walk in one sided way, sit front of the table and let's talk
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One of the key players in Virtuals, Music, has finally started making some serious moves—and their product actually looks solid. To summarize, they’re migrating $MUSIC to Story Protocol, where it will serve as the base currency for a project they launched called “Bangers”, which revolves around purchasing music IP. This music IP originated from someone inspired by a specific tweet, who then requested Music to create it. It seems like the project is issuing tokens in a kind of “pump-fund” model. Within the platform, $MUSIC is used as the native currency for purchases. And since $MUSIC itself currently has a tiny market cap—under $6 million—if the product gains traction, betting on its price appreciation could be interesting. If you want to go deeper, you might even consider tossing some moonshot bets on the early-stage tokens tied to individual IPs. I just moved my $MUSIC over to Story and am planning to place a small bet myself
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