The latest @a16zcrypto State of Crypto report is now out, offering a deep dive into major trends such as stablecoins, L2s, and AI. It also explores crypto’s increasing presence in policy debates, along with fresh data on developers, users, and more. https://a16zcrypto.com/posts/article/state-of-crypto-report-2024/#section--1
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On Compound Proposal 304, @a16zcrypto voted YES. Given the current threat model facing the Compound DAO, adding a proposal guardian with veto power is appropriate until longer-term changes are made to Compound governance. https://compound.finance/governance/proposals/304
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For anyone building at the application layer: Today we introduce cash flows for application tokens. Application tokens — which correspond to smart contract protocols deploying services on top of blockchains that relay rights in “distributed businesses” — have historically lacked economic models connecting the tokens to the cash flows of the underlying businesses they are embedded within. There are three long-standing challenges to connecting cash flows to app tokens. 1. Governance 2. Value Distribution 3. Regulated Activity
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