Ruby Finance retweeted
Ruby Finance
118 posts
Ruby Finance
@Ruby_Protocol
The first algorithmic token pegged to $USDC on Kava.eth chain. Joining Kava Pioneer/Rise Program https://t.co/cl0HLPpSek $RUBY $KAVA
Joined Mart 2022
33 Following1.9K Followers
Ruby Finance retweeted
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Ruby Finance retweeted
Long Live Points, Long Live Snapshots.
The INTENTional Campaign (7%) is LIVE.
$APTR #INTENTS
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Ruby Finance retweeted
👩🏫 Whiteboard DeFi: How AI Powered Intents Work
- How will AI shape all commerce in the coming years? - And how will this revolutionize our on-chain world?
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Great wrote up about the centralization on #Kava
The problem is that not many users(except for active community members) know the Kava team has dominant voting power to control results.
Kava is a relatively old chain in COSMOS eco-system, but is far from decentralization.
dimi 🦙@dimiandre
1/ In this new episode of Governance in Cosmos: let's talk about Kava proposal #96 and the general governance situation on that "decentralized" blockchain. The proposal has been rejected a few hours ago, and I took some time to extract on-chain data and see what happened 🧐
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@dimiandre Thank you for sharing this sheet.
One question:
How did you detect "Kava Labs / Foundation / Team Member"'s wallets?
I know some of their wallets but didn't expect 17 wallets in total.
English
5/ What we can see here is that Kava Labs control over 40M $KAVA and they actively participate in governance, voting almost every time
Speaking of numbers, ~40M Kava is equal to ~35% of all staked assets.
You can find a recap of votes here:
docs.google.com/spreadsheets/d…
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1/ In this new episode of Governance in Cosmos: let's talk about Kava proposal #96 and the general governance situation on that "decentralized" blockchain.
The proposal has been rejected a few hours ago, and I took some time to extract on-chain data and see what happened 🧐
English
Ruby Finance retweeted
I was tagged in this thread & taken aback once I realized a protocol ON the $KAVA chain is calling out the developers for doubling the $KAVA supply in a year in questionable ways.
Check it out #IBCGang/#Cosmonauts.
Ruby Finance@Ruby_Protocol
1/ What's happened in Developer incentive program on Kava chain: In short, Kava team distributed 99% of the reward to team's wallet while other outside developers received 1%. app.kava.io/vote/governanc…
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Ruby Finance retweeted
@Scott_Stuart_ 1) Scott it seems Kava labs should just have been excluded from payouts all together. Then set better minimums on how/who gets the payments. Maybe a modified proposal. Why dilute token holders to essentially excessively increase Kava Labs platforms.
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Ruby Finance retweeted
@Scott_Stuart_ Do you think its a fair competition to put own protocols has fruntrunner with existing liquidity of 300 millions?
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Ruby Finance retweeted
Do we have any official answer on this @Scott_Stuart_ or are you going to ignore it as you are doing for the last many weeks? Why create a program to take Kava from Stakers and then distribute it between your own 3 protocols? @kava_platform
Ruby Finance@Ruby_Protocol
1/ What's happened in Developer incentive program on Kava chain: In short, Kava team distributed 99% of the reward to team's wallet while other outside developers received 1%. app.kava.io/vote/governanc…
English
1/ What's happened in Developer incentive program on Kava chain:
In short,
Kava team distributed 99% of the reward to team's wallet while other outside developers received 1%.
app.kava.io/vote/governanc…
English
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