DAOs are Looking to Solve the Problem of Aggregation in Culture
The problem of aggregation, where rational actions at the individual level lead to an irrational outcome at the collective level is prevalent in macroeconomics and financial markets.
Index Coop’s Leveraged ETH Token 2x-ed Only on the Way Up –– Here’s Why
In a week where the entire market was gapping down, a curious case was how Index Coop’s indexed token ETH 2x – FLI did not reflect this price action proportionally in relation to its methodology, i.e. if ETH is up X, this index token should be up 2x, while if it’s down X, the FLI…
Vitalik Says UNI Should Become an Oracle Token
Ethereum creator Vitalik Buterin made a proposal for Uniswap’s UNI token to become an oracle price token for ETH/USD so as to allow the DeFi eco-system to ‘mark to market’ its fair value, thus providing a more robust mechanism for smart contract execution. He says that the pricing oracle should be modeled along the lines…