The summary is pretty good—UNI is only just getting started
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长安北一
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Some thoughts about UNISWAP
$UNI Actually, I’m quite familiar with various coins in the crypto world, but in this round, for the altcoin portion I only picked one $UNI —it was decided after a lot of thinking.
For example, is Link or AAVE not good? Not really. From a fundamentals standpoint, Link is great and the moat is very deep, but the token utility is too weak. Also, a lot of whatever future value it had has already been priced in—so I don't think it's worth me entering.
AAVE is similar too. Even though the fundamentals are solid and the token utility is decent, compared with something like Uniswap—where there is direct, programmatic, automated buyback—doesn't it feel like it's a level behind?
Programmatic utility for tokens can help avoid incentive problems in DAO governance systems—for example, situations where “both hands” trade against each other, and issues like how to execute things, as well as corruption and improper benefit transfer.
For example, is Link or AAVE not good? Not really. From a fundamentals standpoint, Link is great and the moat is very deep, but the token utility is too weak. Also, a lot of whatever future value it had has already been priced in—so I don't think it's worth me entering.
AAVE is similar too. Even though the fundamentals are solid and the token utility is decent, compared with something like Uniswap—where there is direct, programmatic, automated buyback—doesn't it feel like it's a level behind?
Programmatic utility for tokens can help avoid incentive problems in DAO governance systems—for example, situations where “both hands” trade against each other, and issues like how to execute things, as well as corruption and improper benefit transfer.
