Where we go from here includes Skyhopper and The Professor, but most importantly, the PM’s (portfolio managers) we hire, should be selected from a rich pool of candidates and each one should be allocated a trading line with which they can work with with, and a compensation model that is entirely “eat what you kill”.
We have gone through a lot, and have come along way, we are farming rev share, the rebase has not stopped, the token price, while not flatlining, has at least stabilized, which tells me the market is serving its main function: Price Discovery.
The DAO is optimized to handle a structure wherein it is a hedge fund, a proprietary trading desk, early-stage venture capital, liquidity as a service provider, and vulture capitalist at once.
Because of its trustless nature, it can succumb to extreme ineffectiveness. It is this trustless foundation which enables crowd-sourced governance. Where the foundations begin to crack is when “trust” is introduced into the equation. A DAO is not designed to coexist with centralized leadership, or where the members are suddenly thrust into a situation where they must rely on trust in order to feel at peace.
We are being asked to “trust” Skyhopper, trust Bastion, trust The Professor, because we are all losing our minds as we watch the WL saga unfold slower than paint dries. In the hyperloop of DeFi, this is driving us all mad.
We should allocate a limited portion of the assets to each manager, and additional capital will come based on performance, but we keep recruiting additional managers…
