Clément Lesaege

one thing deep funding finally figured out is how to involve degens in public goods funding so far its been just the cypherpunks applying for funding & the regens building the allocation rails The core idea? > run a prediction market to forecast the results of funding rounds, so if project A has a market price of 0.1, that means the market expects it to get 10% of the funding in the round > degens earn a profit if their trades move the market price of the project closer to the actual amount it gets in the round Henceforth i really hope to see prediction markets attached to every public funding program!

If you have some time to read, let me give you my opinion about Kleros as of May 2026. I'm going to start by mentioning that the resolution of a medical-related case is, in my opinion, an enormous step forward for Kleros legitimacy as a suitable solution for dispute resolution in the legal landscape, since medical cases are generally subject to very strict regulations and heavy legal oversight. Even if this kind of applicable verdict may seem like small steps to some people, it shows that Kleros is becoming increasingly integrated into the legal landscape. As of 2026, Kleros real-world usage (if we define it as legally bound usage) is mainly focused in Latin America. If you look at the complaints about Kleros since 2021 (most of them started that year as it marked the end of the crypto frenzy in which most web3 projects were pumping without any real reason), you'll see that most of the criticism is focused on the V2 deployment, which is supposedly the main unachieved stepping stone for Kleros. But I don't think V2 is that important for now (even if I'd like to see it live too). Let me explain why. As weird as it may seem, I think that most of the work of the Kleros Coop isn’t in the coding/development part (maybe it’s half the job) but in the integration with legal public institutions and private companies (even if it's only with V2 Beta or even V1). As time passes, less costly and more efficient AI tools will make smart-contract deployment and reviewing easier and cheaper. Deploying a decentralized dispute resolution system will become doable for anyone capable of using AI with a bit of money and time. To keep it short, in ~5 to 10 years, any small team could be able to deploy a Kleros-like decentralized dispute resolution system. But why are the chances of Kleros being replaced by a competitor almost non-existent? Two things: institutional trust and juror-based staking. Institutional trust is extremely hard to replicate. Kleros has built real credibility over years with proven cases, successful resolutions, and partnerships. Companies and institutions won't easily trust a new fork with no track record. Juror-based staking creates a strong self-reinforcing loop. More cases attract more staked PNK, which improves quality and security. A competitor would start with almost no jurors and no staked capital, making it slow, expensive, and vulnerable to Sybil attacks, vote manipulation, or low-quality rulings. Aragon Court is dead. Celeste is dead. Jur is dead. Kleros survived thanks to a much stronger network effect driven by its critical mass of jurors and cases, a more mature and effective incentive system, a strong focus on real-world adoption with fintechs, companies and universities, and consistent long-term development since 2017. I think that the pilot cases in legal institutions, such as the ones in Mendoza Court, are the real stepping stones, because they show that the game theory behind Kleros is applicable to legal templates for fast resolution of almost any type of dispute. This is also why Kleros is focusing so much on working with universities. Having partnerships and research collaborations with institutions like the University of Oxford or Ohio State University validates the theory that the incentive principles behind Kleros indeed produce applicable and robust verdicts. I personally believe it is the best initiative and the smartest move from the Kleros Coop. And yes, Kleros had and probably still has some flaws in its development speed and in building certain side tools that weren’t really necessary. But today, you are witnessing what began as a small theoretical project 9 years ago transform into a fully functional decentralized justice system, applicable across the globe and to an almost unlimited number of use cases. You will have noticed that I only mentioned Kleros Court’s main use case and didn’t even cover all its derivatives (only Curate and Scout could be standalone projects by themselves). Better use Kleros $PNK.

@LysandreBL Ce n'est pas surprenant. Car il y a beaucoup plus d'athletes non-dopés. Donc même si les dopés sont en moyenne supérieur, du fait de leur faible nombre on a mois de personnes "exceptionelles" parmis eux.

Je ne comprends pas trop C’est une compétition où ils sont tous dopés, pourtant les records du monde tombent difficilement Ici l’écart avec Kerley et Bolt est COLOSSAL Cette compétition ne va pas durer

ALL financial markets allow betting. And they were all once illegal as "gambling". The question is not if they allow gambles, the question is if they can achieve other valued social functions.

@hankgreen Note that it is not necessarily a stupid strategy on other axes. Doing so prevents the parent generation from competing with their children and also prevents intergenerational passing of diseases.

@hankgreen Let's say that committing suicide after reproducing may not be the best strategy to evolve into complex societies.

Primates have existed for 50 million years, octopuses for 100. There seem to be some interesting constraints at work here that we do not really understand.

@kaulboy @shayne_coplan @Polymarket Or make it an oracle aggregator. Two of three of: - @UMAprotocol - @Kleros_io - $POLY token holders Way harder to break multiple independant systems.

@shayne_coplan @Polymarket your oracle just resolved the trump-xi iran/nuclear market NO trump's exact quote: "we did discuss iran. we don't want them to have a nuclear weapon" - WH pool note #5, filed 11:55 AM Beijing (Danny Kemp, AFP, on-camera real time) - TVB Hong Kong yt metadata: was_live, timestamp 11:56:11 AM Beijing - every major broadcaster ran LIVE chyrons - kalshi resolved the same market correctly UMA voted NO because the pavilion was "closed press." brother the broadcast happened. on live tv. it's on youtube right now with was_live attached to it. and this is not the first time we're doing this: - ukraine mineral deal: $7M market, resolved YES with no deal signed, one wallet swung it with ~5M UMA - zelensky suit: $160M+ market, every outlet AND POLYMARKET'S OWN ACCOUNT called it a suit, resolved NO, ~$25M staked by whales to make it happen - now this: $31M currently, the most active market on your platform, flipped by a low-turnout governance vote UMA's market cap is smaller than the volume of a single disputed market on your venue. top 10 wallets control >50% of voting power in disputes. ~95% of supply held by large holders. you are running a $9B platform on top of an oracle a handful of retards can rug for eight figures you already override baseball payouts when umpires fuck up. add a human/AI last resort layer for high volume markets with primary source evidence. it's not philosophically harder than what you're already doing kalshi is eating your volume every week because of exactly this. traders don't want to gamble on whether a UMA whale woke up short. fix it or watch the centralized competitor win the entire prediction market category ngmi

@fratbo1 @ETH_Daily It should't be permanent but according to votes by stakers. youtu.be/oPAejIxHCYA?si…

@ETH_Daily A permanent share of staking rewards is unreasonable. Ethereum is not a corporation. If holders of ETH want to donate that's fine, but nothing built into the system.

Don’t expect the Ethereum Foundation to pump ETH’s price. They just aren’t economically aligned with $ETH anymore. The EF holds only a tiny fraction of the total ETH supply and gets almost zero direct revenue from staking or transaction fees. Their focus is on technical excellence and staying credibly neutral — not on making ETH more valuable in the market. Hoping they’ll suddenly turn into aggressive marketers or business strategists is unrealistic. That’s just not who they are. That said, @ethereum as a whole would be a lot stronger with a dedicated organization whose success is directly tied to ETH’s success. Dankrad Feist made a compelling argument for this recently. He believes we need a new, well-funded group with real skin in the game — at least $1 billion in capital, steady revenue from a share of staking rewards, and clear accountability to drive ETH’s value, adoption, and market position. In my view, this new organization wouldn’t replace the EF. It would complement it by handling the business development, narrative building, partnerships, and growth initiatives that the Foundation was never built for. The EF is doing its job. The ecosystem is still shipping. But if ETH is going to win long-term, it needs active, economically aligned champions pushing for it.

@hanni_abu @jnptzl @ethereum @devanshmehta It doesn't work due to tragedy of the common. Everyone wants others to fund but not to fund themselves. It would be a bit like saying "companies do not need money for growth, shareholders can just donate parts of their dividends".

@jnptzl @ethereum @devanshmehta @clesaege If validators want to redirect their rewards they can do that themselves

these proposals usually get shut down, but this is an interesting proposal about using validator rewards to fund @ethereum growth it might be specially relevant now that there are discussions about reducing issuance if there was like a more business-oriented second foundation, then validators could "vote" to dedicate rewards to it, without a tragedy of the commons type of situation

@goyatty @jnptzl @ethereum @devanshmehta Yeah. That is what deepfunding is doing. It could be one of the mechanism recipient. deepfunding.org

@jnptzl @ethereum @devanshmehta @clesaege The point is not how to distribute the rewards rather how to evaluate KPI and Money should compensate the result not the idea or process. I think there are too much grifters

@hudsonjameson Very well alive.

Kleros definitely won the TCR market. Now let's make it bigger.

@jnptzl @ethereum @devanshmehta Yeah, Ethereum cannot afford to be dogmatic on offchain unformalized governance. It needs to allocate funding where it is needed to win. @devanshmehta

Polymarket never showed the probability of Jesus coming back. It showed the probability that Polymarket would be unable to reliably resolve the market on whether Jesus comes back.

The way to save Ethereum: The community needs to create an organization that's economically aligned with Ethereum and accountable to it. The EF now holds less than 0.1% of all ETH. There is no flow of Ethereum staking or fee revenues to it. If we want to get Ethereum back to winning: - create an organisation with credible funding, minimum $1b as a start. That's very reasonable for an ecosystem with $250b market cap - find a leader who is competent and wants to fight - make it accountable: a board of people who want ETH to go up, and a charter that holds the org accountable to it - fund it permanently: A significant amount of staking revenue needs to go to it. A governance mechanism that can adjust it (also part of accountability). Very hard to imagine now, but I think this is the only way (and it will probably happen, but it might take a long time before it is consensus).

LATEST: ⚡️ Former Ethereum Foundation developer Dankrad Feist has suggested raising $1B to form a new Ethereum advocacy group, separate from the existing non-profit foundation.

@Kleros_io Note that @edmundedgar and I were pointing to that issue a year ago. x.com/clesaege/statu…

This is due to an admin key. Admin keys are a security risk (opsec, wrench attack) and we are proud not to have any in the main @Kleros_io court. Those cases were explaining why Jesus Christ market was trading at 5%. It was the risk of markets being missresolved.

Seeing a verified name instead of a bunch of numbers makes the difference for safe interactions. @monarchlend takes safety seriously. Glad to partner with their team. More to come!