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Crypto Assessor
Chris Cravens
Berlin
thebirbnest.com
A Fundamental Analyst Researcher. Involved in the crypto space since 2020. To-date I’ve completed FA Research Reports on over 100 projects, totalling an approximate 10000 hours of research hours in the process.
My research often gains me direct access with project leaders, acquiring unique insights in the various technological innovations, concepts, and designs across a wide remit of varying ecosystems.
Currently, I’m the FA Research Lead for The Birb Nest. My role involves providing the community with potential investment opportunities validated through diligent and thorough research.
In a wider remit I also complete Due Diligence Assessments of potential commercial clients and partners. For Clients who pass DD, I execute services from my experience in this industry to assist in their development, effecting they have robust foundations to build upon.
GP12 DeFi Rewards (TDR) Proposal - Messina
May 16, 2024
Updated allocations. Removed welcome bonus items, and updated allocations on pairs across Tinyman and PACT. Also increased amount of allocation to Token Wars, our cross chain incentive program in partnership with PACT and CompX.
Discussions
Entirely understand and the squeaking doesn’t go unnoticed. We significantly ramped down allocation to mALGO/ALGO pairs, although still present it’s a lot less than in the first version, and we added mALGO/USDC.
That is a great idea. Our current risk engine can allow for this very easily so we will explore this. Thanks!!
By making it harder for people that intend to abuse the program, it at the same time also always makes it more cumbersome for genuine users. Can’t avoid that really. I personally think completing a task in a gamification environment to get an immediate 10% bonus on your stake, isn’t too much of an obstacle.
Users can anyway always swap out of mALGO on the Messina platform, so it wouldn’t necessarily boost DEX volume either. We’re toying with the idea of adding mALGO/USDC to the proposal and move the majority of allocation to mALGO/ALGO pools across to the USDC pairing.
Thanks for the input.
1.) I speak with Messina a bit, and while I know they are still finalizing their models - the plan is for mALGO to continue so we see value in the relationship.
2.) We wanted to leave some galgo/algo on the table to stimulate ongoing liquidity.mALGOr NFT Project
We will present NFTs based on the amount of mALGO minted in the past. Snapshots will also be necessary.Baby mALGOr - 1-100 mALGOs
Lil’ mALGOr - 100-1K mALGOs
The mALGOr - 1K-10K mALGOs
OG mALGOr - 10K-100K mALGOs
Whale mALGOr - 100K- mALGOs
$Messina Minting and Airdrop
We will also need a snapshot. We will distribute $Messina based on the number of mALGO minted and the usage of the bridge. In the future, $Messina can be used as fees for mALGO minting and bridge usage.
Hi all, Kieran from CompX here! We’re doing a little bit of research around the dominant pools being used during swaps using our swap router.
GP12 is coming and we’re preparing the next set of TDR proposals to be voted on during GP11 voting.
Yes, the precise implementation of the welcome bonus is under design and this is a focus point. Linking unique user accounts to some sort of claiming mechanism is a good idea, although people may have privacy concerns. But yes, it’s on the list of talking points.