GP11 Defi Rewards - xBacked

Yes mate, it is vault holder incentives

Hey @ROAM @lobo
Thanks for your feedback, please find our updated Q2 GP11 TDR medium article. We have made some adjustments thanks to your constructive feedback.

Hey @lobo
We focused on metals as its the largest revenue stream on the xBacked platform, we are certainly happy to support Algo pairings more as they become competitive in revenue generation for the platform. However we really want to remain focused on what is bringing in revenue. It is also a lit…

Let me speak with the team and see what they come up with

To be clear the Advisors listed are advisors to the protocol not the proposal. The 2 authors were responsible for the proposal perhaps we should have made more obvious?

Lets not resort to name calling

So what your saying is applying for x-gov grants gives folks the right to leave rational enquiry at the door and just go at it?
I would think having a more productive line of questioning before accusations are thrown would be beneficial. After all, are you not trying to ascertain if these funds are…

I can see he/she is passionate but there would be so much more they could offer the ecosystem if they just approached things with a little more consideration.

You think any of us want to settle for a middy ecosystem? Do you work on any protocols in the ecosystem? How the hell do you know what they go through on a daily basis? The reason protocols get defensive is because they are trying to survive and attacking the way you do is going to cause folk to bit…

They do lots of good things but so do most of the other projects you attack so it does seem a bit odd you circle the wagons everywhere else.

It’s your fault because you don’t enquire, you just run attacks without any enquiry or facts. Try asking civil questions and perhaps people would be more inclined to spend the time to have productive dialogue with you but the constant mud slinging and negative attacks, especially on established prot…

Which projects don’t care? You mean the ones still existing here, fighting to survive in a struggling ecosystem? I read your comments sometimes and wonder if you just want to flame everyone but vestige.

Well if alienating people is your game you are a champ but given your inaccuracies over the past year I would certainly question your confidence. Also many of your public statements are viewed by folk outside of this ecosystem they are often negative and curt so both you and Rich are often (but not …

I wasn’t on the team at all back then, like many others in the ecosystem they left for greener pastures (can you blame them?) but here we are trying to get things moving again so we can try to build on what has been laid before us. We have been in this ecosystem longer than most, I personally have b…

No you don’t need to poke holes in what everyone is doing, you should have the intelligence to ask informative questions instead of “red flag” or “you should reevaluate your business plans” or needing to hire a marketing lead is an excuse… None of this is productive and doesn’t even touch on the val…

Also pretty sure Michael Cotton has nothing to with Algorai and he very active and one of the more knowledgeable and respected individuals in the ecosystem, so suggesting it’s a red flag having him as an advisor is just absurd. What exactly are you suggesting is a red flag?

You know, dealing with the general toxicity and constant negative jibes from folk like you and Lobo make it harder and harder to keep working in this ecosystem. The constant negativity and short sightedness towards projects that still persist in an ecosystem that has been struggling from inception, …

Yes it is the same Michael Cotton, Marketing is a waste of time in a bear market and we have addressed this with you previously regarding loosing our marketing lead.

A good deal of the infrastructure for this has already been built and the smart contract was also audited by Reach, but I believe we need the governance token to be able to deploy this and set it in motion, also an additional round of funding was intended to compete the roadmap as discussed with inv…

In Align with community comments we have made small adjustments to the xBacked TDR GP10 Plan, moving rewards to co-incentivise an xUSD / ALGO pool with Tinyman

Should be redeemable via the Basket?

Hey Rich these rewards are based on TVL. Also it’s important to note that x-Backed is still building see new vaults, inclusion in Algomints baskets etc. Twitter has been quiet I agree but thats not a metric considered in DeFi rewards.

Hey folks please find our GP9 post report and GP10 TDR plan below.
xBacked gp9 post report
xBacked Q1 2024 TDR