"If the protocol itself doesn't want to buy its own token, then who else will?" â $GEAR holders seem to agree with $AAVE and are joining this change in governance-utility tokens! And while all our erc20s bleed to hell, @GearboxProtocol contributors are preparing things —ïž
The first stage of the GEAR POL is under voting right now. It's designed to grow the liquidity of GEAR on DEXes and strengthen the bottom while not affecting the runway much. One of the 1st stages before a more elaborate model can take over: .
Isn't the revenue small? Sure, the revenue is ~$50K p.m., but it's about:
1⣠A signal. There are no conflicting interests here. All in the same boat: full alignment with token holders.
2⣠Given the huge price drop, this can compound. It's about the groundwork for the next steps.
How to grow revenues and what's the unique angle here? We have gone through that exercise over the past couple of months, so we will be writing a more elaborate piece on the strategy and tactics. Some of that is already here: .
I was never one to sell snake oil (that's an issue in itself), but there is a clear path right now - and execution aimed at getting there. Putting all out efforts into resurrecting things while making DeFi more fun yet safe đ Keep an eye on us!
13.21K
106
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.