Whale shaming into public good 🐳

Triple digit APY... we all understand it is a zero-sum game selling rotten vegetables. While policing it is a sad endeavour, there are other ways to make something good out of it. Grants.

Why? 🤔

Muh charity? Not really, this is not even about virtue signalling or pipi measuring. Supporting the industry you are in is simply rational long-term greed. By giving a chance to new, non-systematic (and thus likely without funding) ideas to prosper - you support innovation. As money left the industry in 2019, teams survived on the remaining stashes and there was no bullshit around - either stay, try, pivot - or go to IBM. So only developers, cool ideas and pure building stayed. There was no greed, no noise 😇

While developers are generally worse with money management [just look at YFI degens lol] they are inspiring innovation 🖥 The fact that they are now gatekeepers of big capital allows them to fund themselves and their friends, building all the crazy weird stuff... Which is only crazy to people like me because my IQ is low. Thus, giving developers spotlight, resources, and supporting them - is the least we can do. Don't hesitate throwing in some if you aped $$$ from farms. Follow the examples set up by Andre, Artem, and others.

I am also shaming whales into throwing some in [this or next round] and somehow inspiring nonVC open-source development.

10b57e6da0 threw in a small 10,000 USDC to support this vision. Keep blazing forward, developer community! If you guys need any support, just reach out 🦄

https://twitter.com/IvanGBi/status/1307026078968483840