The revolution will not be reported quarterly

The decentralized economy will truly be unleashed.As we move towards a future with broadband liquidity, it becomes challenging to imagine what, exactly, that future looks like. While we know that deep liquidity will enable reliable pricing and less volatility, the implications are much more intriguing.

Yearn’s Q1 2021 report is an excellent example of useful treasury disclosure. It contains an income statement, balance sheet, key revenue drivers, operating expenses and salaries, and priorities for the protocol.

Before we push on, let’s have a quick recap on some of the things DeFi allows us to achieve: Transparency: A transparent, auditable financial ecosystem. Accessibility: Free access to DeFi applications without fear of discrimination on race, gender, beliefs, nationality, or geographical status. Efficiency: Programmable money makes it possible to rem

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With most NFT projects like CryptoPunks and Bored Ape Yacht Club, the initial run of NFTs are claimed by early adopters, who can then sell them and keep the profits, with a small percentage of each transaction going to the project creator. NounsDAO is different. In their case, 100% of the proceeds from the daily Noun auction get put into a communit... See more