makerdao
0 reply
0 recast
2 reactions
@especulacion
@makerdao First of all, congratulations to the entire team and community on the successful launch of SPK. It marks an important milestone—not just in terms of execution and liquidity—but also in laying the foundations for a scalable and modular protocol architecture. The level of detail, care, and transparency shown throughout the launch process is truly commendable.
https://mirror.xyz/valuecrypto.eth/k_-rwo-wuTVAZkhXAp6GUZrUVWW5OT20-d_C19kyOWg
0 reply
0 recast
3 reactions
@especulacion
I share my reflections on USDS ‘No Trading, No Growth’
https://forum.sky.money/t/the-stablecoin-battle-why-usds-deserves-to-win-the-trading-arena/26268
0 reply
0 recast
0 reaction
@especulacion
One of our Hedge Fund’s core positions is MakerDAO — a protocol with a partially counter-cyclical revenue stream from liquidations. While flash loans had made this income marginal, the market still isn’t fully efficient.
In a recent liquidation of 25,000+ ETH (around $40M), the protocol earned nearly $4.5M in fees just from this one event. And it wasn’t the only one.
Considering Maker's annual net income is currently ~$80M, these one-off windfalls are highly significant. They’re used for token buybacks, especially at a time when MKR has experienced notable drawdowns.
The main risk, in our view, lies on the regulatory front, as stablecoins are shaping up to be one of the most tightly regulated areas in crypto.
2 replies
0 recast
1 reaction
@especulacion
he most rational explanation for the price evolution lies in governance.
https://mirror.xyz/valuecrypto.eth/DUg2ZKrV8bo5RDmdECwQ5O3NPQe0WNWT1PcJE5TmMAE
0 reply
0 recast
2 reactions
@especulacion
It’s an excellent proposal that I believe shows a strong commitment to token holders in the long term and respects the initial design of the token.
https://forum.sky.money/t/next-steps-after-vote-to-recenter-the-maker-brand-deflationary-tokenomics-sky-transition-strategy-sky-star/25458/3
0 reply
0 recast
0 reaction
@especulacion
Important discussions about the launch of SKY. Share your opinion with us.
https://forum.sky.money/t/success-of-the-usds-launch-and-the-opportunity-to-recenter-the-maker-brand/25383/7
0 reply
0 recast
0 reaction
@especulacion
The recent changes in MakerDAO have successfully set the stablecoin on a growth path. However, the token is plummeting to its lows because it will struggle to capture the project's growth. The token holders themselves are voting against proposals that aim to bring value to the token.
2 replies
0 recast
0 reaction
@especulacion
I’m sharing an article where I attempt to model SKY’s value capture through SPARK, comparing it to traditional models when a company incubates ventures that eventually separate from the parent company.
https://mirror.xyz/0x3e0cf03f718520F30300266dcF4DB50bA12d3331/05QJiFyQGH8tZxa_eaoArw7WEfp6Hc60YBw6Wu1TMUo
0 reply
0 recast
0 reaction
@especulacion
The proposal to allocate 25% of SubDAO tokens to MKR holders has been rejected.This is one of the reasons why the token has always been undervalued because the market understands that Maker’s decision is not to give value to holding the token https://forum.makerdao.com/t/mip102c2-sp29-mip-amendment-subproposals/23672
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction