Ruby Finance retweeted
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Ruby Finance retweeted
👩🏫 Whiteboard DeFi: How AI Powered Intents Work
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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.
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 🧐
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.
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/governance/…
Ruby Finance retweeted
Replying to @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.
Ruby Finance retweeted
Replying to @Scott_Stuart_
Do you think its a fair competition to put own protocols has fruntrunner with existing liquidity of 300 millions?
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
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/governance/…
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/governance/…
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