[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 42 KB, 256x256, BUIDL.png [View same] [iqdb] [saucenao] [google]
21370815 No.21370815 [Reply] [Original]

Chart is lookin spicy!

>> No.21371223

dfohub fixes Ethereum. Poor projects like YAM release in a broken, irreparable state. This causes on-chain waste, clogging up the ETH infrastructure. As ETH becomes more and more congested by broken, half-baked projects, gas goes up. Transactions slow down. And our bullrun halts.

The DFO model, already proven to work, allows for fixes to be implemented to broken products and shoddy smart contracts. Instead of creating on-chain waste, broken products can be recalled by a vote to have fixes implemented. More than ever, you can see how necessary this is. Every other week we get a new, completely busted Uniswap token that shits all over the ETH blockchain. This waste stays there, and these devs after a quick buck move onto the next half-assed project to later abandon as a rotting corpse.

The sooner we see adoption of the DFO model, easily enabled by dfohub, the more salvageable ETH becomes. This is why they were at EDCON. dfohub is a large-scale breakfix. Vitalik has already acknowledged this technology as essential, with the caveat that nobody wanted to put in the work to make it happen.

Well here it is - the work’s been done, and can be easily implemented into any future project. What are you waiting for? Check some of their medium posts. They outline a scenario they encountered much like YAM’s, where a(n intentionally) botched deployment was saved by being on a DFO model.

https://medium.com/dfohub/a-milestone-for-the-eth-ecosystem-and-the-dfohub-remastered-hd-dfohub-weekly-august-11-20-501325c97898

>> No.21371335
File: 79 KB, 623x1180, 1597268127071.png [View same] [iqdb] [saucenao] [google]
21371335

>>21371223
GAME CHANGER

>> No.21371427

>>21371223
Ok the thing I don’t get with dfohub is that supposedly one of the best things about it is that you can modify contracts on the blockchain without having to do a token swap..... so why did they have to do a token swap with buidl, and then two for arte? I mean we’re on arte v3 now right? For a protocol which allegedly eliminates the need for token swaps, they sure seem to like doing a lot of token swaps :/

>> No.21371628

GEMMMMMM

>> No.21371633

>>21371427
its a scam, they never answer this

>> No.21371736

>>21371427
>>21371633
I seem to answer this every thread, they needed to do a token swap to move it from a basic ERC-20 to the governance token published through DFOhub. this was always the way it was planned. now that those tokens have full governance powers, there should be no more need for a token swap ever

>> No.21371872

>>21371736
Ok but what about the 3 versions of ARTE? Why did it need another swap?

>> No.21372161

>>21371633
This.

>> No.21372170
File: 1.14 MB, 1638x804, 1596924061296.png [View same] [iqdb] [saucenao] [google]
21372170

>>21371872
the v2 token had an inflation bug, similar to yam. only difference is that isn't actually a big deal when you are using a DFO

>> No.21372359

>>21372170
Wait, so it had a bug similar to yam and therefore needed another token swap... then why the fuck are anons shilling Dfohub as a solution for YAM regarding the bug it suffered???

>> No.21372417
File: 52 KB, 623x702, 9d27fea6f95d0f48ead47a11c5946bfc.jpg [View same] [iqdb] [saucenao] [google]
21372417

>>21372359
because ARTE was fixed easily and on-chain using the DFO protocol. what happened to yam, anon?

>> No.21372445

>>21372417
fixed easily and on-chain with a token swap? k

>> No.21372490

>>21372359
You guys have been saying if yam was a dfo it could’ve corrected the bug on chain without doing a token swap, right? Well why isn’t that what arte did?

>> No.21372542

>>21372445
they were already doing a token swap anon lol that's where the bug happened, read
>>21371736

>> No.21372551

>>21372417
So the dfo protocol is actually doing token swaps to fix bugs? Uhh that’s not what you guys have been shilling.

>> No.21372586

>>21372551
nope, read
>>21372542

>> No.21372618

>>21372586
Well yeah. You fixed the problem by doing a token swap.

>> No.21372686

>>21372551
Exactly, this project has so many Italian, I mean red flags. Avoid this Yam sauce project.

>> No.21372721

>>21372618
no, they fixed the token swap by changing the code to point to a new contract. the token swap happened, they found a bug in the token swap, and fixed it. they then continued the token swap without any issues

>> No.21372780

>>21372161
>>21371633
retards this was answered by another anon

>> No.21372811

>>21372721
So there have only ever been 2 actual ARTE tokens? With the second one being modified on-chain to v3? If so that makes sense.

>> No.21373156
File: 74 KB, 1000x562, 1597022358872.jpg [View same] [iqdb] [saucenao] [google]
21373156

>>21372811
no, if they stuck with v2 the people who already swapped would have had 11x the amount of tokens they were supposed to have. they can't rollback the swap obviously, it's blockchain. but, because they are a DFO, they can use DFOhub to push a proposal that points the swap to a new contract and makes that the proper token. again, they didn't do a token swap to fix a problem, they fixed a problem that arose during a token swap. there would have been no way to do this if this in a decentralized way if this was a normal DAO, not on-chain

>> No.21373346

>>21373156
So it’s like an automated swap?

>> No.21373435

>>21373346
So people are still essentially holding v2 tokens but they’re being pointed to the v3 contract?

>> No.21373685

>>21373435
no, remember that would have fucked with the supply because they were holding 11x what they were supposed to. So the v1 swap was pointed to v3, and the v2 was made swappable with v3 at a rate of 1/11. people who swapped for v2 had to swap it for v3, but again, because the token swap itself was broken, not because they couldn't change the logic without a token swap. I feel like I'm not explaining this simply enough. does that make sense? the swap from v2 to v3 was needed because people already swapped at 11x and changing the swapping rate wouldn't take those v2 tokens away

>> No.21373727

>>21373435
people who swapped to v2 got 11x instead of 1.1x, so after they caught this, now you can swap from v1 to v3 and get 1.1x or if you previously already swapped to v2, you can swap from v2 to v3 and get 0.1x of their v2 holdings, so everyone ends up on v3 with the proper token amount.

>> No.21373931

>>21372618
>>21372551
>>21371633
I know some of this is fud, but fundamentally there’s a misunderstanding that some anons might fall into. The token swap was a use case experiment. It was not the solution. It’s an understood, common process in the crypto space that they are using to demonstrate being able to adjust tokens individually.

>> No.21373935

>>21370815
Italian snapchat

>> No.21373995

>>21373685
It makes sense I guess, but it just seems like DFOs would be more innovative if you could avoid token swaps altogether to fix these issues. That’s the impression I got from what buidlers have been saying about yam being a dfo. Yam’s similar inflation bug couldn’t have been fixed without a token swap if it was a dfo, so I don’t see what’s so great about dfos.

>> No.21374243

>>21373995
>it just seems like DFOs would be more innovative if you could avoid token swaps altogether to fix these issues
but anon, you can. for instance, they could have changed the inflation logic in yam very easily without a token swap. the reason why a token swap was needed with ARTE was because it was a bug they found in an actual token swap, so obviously they needed to complete the swap. it was just the easiest way to continue the token swap they were trying to do in the first place.