Avalanche trying to encourage Web3 builders to develop subnetworks using its technology:
That is some serious cashola!
Meanwhile we only let a few of the Hive elite waste money in the DHF...
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Polygon is also spending multi-million dollars to fund Gaming, NFT, and DeFi projects. It's growing at a crazy pace!
I think Hive needs to market its tool better. They have to be damn good for developers to easily bootstrap their projects at low cost. Without funding or revenue, small projects will not be able to scale.
This begs the question. I wonder how Khal is funding the development of LEO Finance applications? Is he using his own money? I don't think he got it from DHF.
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All his own money.
The one person who is actually building all these bridges that benefit HIVE gets zero funding from the DHF.
Insane.
Follow up question:
You know how we see all those 'partnerships' being made on the hiveblocks Twitter account?
Is an individual being paid from the DHF to do this work?
I'd like to see some transparency around this.
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I had a general thought about financing Hive today. It's potentially controversial, and would need to go through the proposal system and need some development. This might be a bit long to explain, but bear with me....
I'm thinking a community could be created for advertising. Members could post advertising their business, products, whatever. In the case of Ececny, they could use Ecency tokens to promote it to get to a wider audience, or possibly even commit a little bit of HIVE/LEO/whatever. If people like the product or service, or even just find the ad aesthetically attractive, they could upvote it.
All of the revenue would go to HIVE, either to fund development or contribute to the HBD stabiliser. So there'd need to be some development to make a mechanism which automatically fed the revenue through to Hive (just to prevent any funny business and provide transparency !) There would also probably need to be some work to give the ads some visibility while not overwhelming the place with them. I guess I'm thinking it should be more like Brave than Google.
From my perspective as the owner of a small e-commerce business, I would far rather put advertising budget into Hive than give it to Google or Facebook, as long as there was some kind of return on the investment. It would be nice if advertising became more of a community discussion inviting comment rather than a megaphone !
Thanks for sharing.
Copy/paste this one and save it somewhere for later.
Don't let it just get lost in this daily blog.
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Done ! I might try and turn it into an actual post, although needs a bit more structure than the stream of thought reply above !
Actually we don't know who is doing what BTS. There are so many things happening and we get to see the results 😝
Also, what is actually happening in those partnerships. Do we have an update on the previous ones? There are so many questions to be answered.
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More good money after bad? Or might it pay off someday down the road?
Regardless, you now have to look very closely at any new project launched there as the "investors" will need to recoup their capital somehow. Usually they're first in line...
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Yeah who knows.
Jerry mentioned the "Avalanche rush" program in a comment below which looks like it was just taken advantage of.
Only time will tell as to whether this is any different.
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Well, I don't exactly follow the DHF as much but I guess a bulk of the money is used for the HBD stabilizer right?
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Which only offers a band aid solution to the problems that HBD faces, because there is no liquidity...
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Are there any examples of grants given to small Hive accounts or even outsiders?
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They're out there. @brianoflondon got funding for PodPing. There have also been others. Pretty sure you can look at all the proposals. PeakD has a link...
That movie got funded I'm pretty sure. The documentary on Hive they're making. Like I said, there are more.
You just have to do the legwork of putting the proposal together and then working your ass off to make sure enough people see it to get the votes. Plus, it has to be a good idea, obviously...
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I don't think so.
If you find a success story, let us know.
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shots fired. However, on a serious note, do you think these funds will be available to small devs? I really doubt that. We know how things like this go--you need some level of influence within the community to get proposals approved
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The comparison to the "Avalanche rush" program is an interesting one.
Shows we're not the only network who has issues with efficiently allocating funds.
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Seeing how the "Avalanche rush" program ended up I am keeping my expectations low for this one. It was also somewhere around $200M but it all got sucked out of the ecosystem by farming whales that left as soon as the rewards ended.
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I watched taskmaster and Khal last night talk about the way this platform will be self-sustaining. I think I have a pretty good grasp on it now. The one question I'd still like Khal to address definitively is why I or anyone else would want to buy this a year from now? I get the PoL will "flip" the emissions of new PolyCUB tokens, but I would like to see some sort of numbers on what the protocol will be able to pay the Kingdom and Farm holders in APY. THAT, in my mind, is the only variable left that could cause this project problems. If those yields can be maintained at competitive levels once the "flippening" happens, then this could be an investment you may never want to leave.
I'm sure they've game-theoried that to death so I'd like to hear his response to that question.
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If xPolycub continues to provide value to stakes and keeps growing we may see it becoming a collateral asset on some lending platforms. If you can peg an asset to POL then it should be valuable enough to be used as collateral for stablecoin and other loans.
I also have a lot of questions regarding long-term sustainability but we should wait for a few weeks to see how everything works out before jumping to conclusions.
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