Furthermore, when project A decides to spend their 50% of unallocated supply, it will spend it to get something back. That could be selling the tokens for cash to investors, more incentives that grow the protocol. Logically it will try to get something of equal or higher value.

Imagine two projects. project A allocates 50% of the entire token supply to a treasury reserve and 50% to team/investors/airdrop. project B skips the reserve and allocates 100% to team/investors/airdrop. later on the projects need more tokens, B just prints them while A takes.

We added a new metric, outstanding fdv, which is fdv - supply that is unallocated (in reserve or treasury), or, marketcap + locked coins that already have an owner (teams, investors. ). It took a while for me to understand why this is interesting as a metric, so here's why 1/3.

long time ago i was interviewing for big tech and i completely nailed the interview cause they asked me a leetcode problem that i had done before and knew by heart llamao. i was sure i was gonna get the job and then weeks go by and no reply, the mfs ghosted me 💀.

jury still out on whether this will be good long term. almost everyone i replied told me they really appreciated it but it takes a huge amount of time to write thoughtful reports for everyone.

did another round of hiring and im continuing the experiment of replying to everyone who applied with a long explanation of why we didnt go with them. i hated it when i applied to jobs and they would ghost me or reply with a template rejection email, so trying to change it.

chat, i'm thinking we're back.

We're gonna add a new metric that reports FDV excluding supply that is unallocated (eg supply in treasury or reserve), so calculated as: fully dilluted allocated supply * price. Whats the best name?.- effective FDV (eFDV).- adjusted FDV (aFDV).- allocated FDV (aFDV).

What would you want us to change/improve in defillama?. Let us know in the replies or on this google form:

fundamentally a big issue with believe is that there's extreme adverse selection from launching on it. if a founder really wants to build something long term launching there leaks a ton of value + creates tons of issues. so who's left launching? ppl who want to exit lol.

i made a list of all the coins launched on believe that coingecko has and compared the current price with their ath. on average theyre down -80.61% from ATH. everyone who believed in pasternak's pitch and bought these expecting real businesses got absolutely rekt

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got a ton of dms from this and already filled a lot of calls, so this is closed unless someone really really wants to chat about this.

Would any CFO be down to get on a call with me to check the new financial metrics that defillama is cooking?. You'd get to participate in defining the metrics that defi uses. DM me if interested.

authenticity of customer feedback on twitter is approaching ~0, feels like i can only trust tweets from ppl with mutuals.

saw a tweet today talking about defillama and all the replies misunderstood a part of the product. cant tell if the replies are real and we should make the ux clearer, or if they were all ai slop and i should ignore them.

if you are only thinking about end states (imo valid since we are not discussing current state of robots but future state). and you assume cost of intelligence will drop because of AI, then wouldnt the fixed cost to build new robots drop massively in the future too?.

> investigating a dex with strange notional perp volumes.> find out its because they offer 1000x perps on stuff like DOGE. who are the ppl out there opening 1000x positions on DOGE? that stuff must be getting insta liquidated.

i made a list of all the data providers used for charts in the new white house executive order report on crypto and defillama is the most used provider. more used than bloomberg 🫡.