LobsterDAO 🦞

28 Feb 2025 17:18

Hmm, I guess the validators still have access to the transactions so they can run their own MEV strategies. But I doubt any data would be available on that.

LobsterDAO 🦞

28 Feb 2025 16:35

Gm Lobs, does anyone know of a chart/data for Solana MEV and fee revenue vs. staking rewards?

LobsterDAO 🦞

28 Feb 2025 15:35

(apparently companies can and do retire stocks, making them effectively “burned” - i.e. ineligible for dividends and voting. So I stand corrected, no need to physically light certificates on fire. Fortunately)

LobsterDAO 🦞

28 Feb 2025 15:17

The gambling-like nature of crypto trading contradicts Islamic finance, which is why @Caizcoin_official offers a stable alternative.

LobsterDAO 🦞

28 Feb 2025 14:27

It exists, buyback currently used as a more tax efficient way to distribute value to equity holders.
Most of the companies don't "burn" - liquidate treasury stocks cause it is operationally costsly - you need to update the legal docs and communicate that to the exchanges and registry, so it just simpler to distribute later on stock based compensations

LobsterDAO 🦞

28 Feb 2025 14:00

I mean yeah, tokens != stocks. Didn’t think that needed to be explicitly stated.

LobsterDAO 🦞

28 Feb 2025 13:58

I think if you’re going to point to a nuance to invalidate a comparison, you should make a case for why it meaningfully changes the argument.

LobsterDAO 🦞

28 Feb 2025 13:31

That’s stock buybacks which is different from what buyback and burn is being used for in crypto - which is just an abstracted dividend because regulations in most places, SEC included, don’t allow you to distribute protocol revenue to token holders directly. Buyback and burn does not exist in boomer stonks because they can just pay dividends.

LobsterDAO 🦞

28 Feb 2025 12:39

anyone here have a hookup for coinbase wallet? proving impossible to reach for us decentralized projects

LobsterDAO 🦞

28 Feb 2025 11:36

soz thot founders were in here somehow ;) will do

LobsterDAO 🦞

28 Feb 2025 10:06

to see size borrowed by market etc

LobsterDAO 🦞

28 Feb 2025 09:50

because his startup iearn had been acquired by coinbase before

LobsterDAO 🦞

28 Feb 2025 09:45

lmao this is the kind of posts we need to know the bottom is near

LobsterDAO 🦞

28 Feb 2025 09:41

https://x.com/balajis/status/1895057597218332836

LobsterDAO 🦞

28 Feb 2025 04:41

if you are not a shitty day trader...yes buy the dip...would except better from you than to do shit engagement farm like this

LobsterDAO 🦞

28 Feb 2025 17:17

I thought Solana has no mempool, so where is MEV even coming from?

LobsterDAO 🦞

28 Feb 2025 15:36

This has been illuminating

LobsterDAO 🦞

28 Feb 2025 15:22

Share buybacks, sure. But how do you burn stocks? Have them issue the certificates and light them on fire?

LobsterDAO 🦞

28 Feb 2025 14:37

@BackTheBunny has quite a different PoV on this. He has written a great deal on this.

LobsterDAO 🦞

28 Feb 2025 14:23

It is not correct. By several research papers on governance factor in the prices of common stocks it is estimated at around 7% premium for the vote.

LobsterDAO 🦞

28 Feb 2025 14:00

the part I don't like about buyback and burn is because it benefits traders instead of stakers

LobsterDAO 🦞

28 Feb 2025 13:48

A share is partial ownership to a company and all its assets. Legally, there are more rights attached to a share than 'just' dividend or vote; your comparison falls short. Even shares that do not grant voting but only financial rights (a common type) usually have other rights attached to it.

LobsterDAO 🦞

28 Feb 2025 13:18

according to warren buffett, buy back and burn is good when the price is too low. should be as simple as that imho.

LobsterDAO 🦞

28 Feb 2025 12:33

The conclusion is correct in that it's better to retain profits, but the rationale here makes no sense. Literally all any share in a company is, is a vote that also produces dividends. If a share doesn't produce dividends, it's just a vote. A good example of such a share would be Amazon stock for the vast majority of its lifespan.

Besides, value is subjective and price is an objective reflection of the aggregate subjective value sentiment of the market. If there are buy orders for an asset then that means that someone considers the asset valuable. If you do buyback-and-burn then the buybacks are filled from the sell orders (or sell-side liquidity in general), inducing price discovery. That's it, that's all.

The reason you should retain profits is that distributing dividends is equivalent to an admission that you cannot reinvest those profits into your project to achieve above market avg (e.g. index) growth. That'd be a pretty shitty thing to admit since it means that those making the decision to distribute dividends (i.e. protocol leadership) believe that the growth of the protocol has plateaued and the incremental benefit of investing dollars into its growth cannot match that of other investment opportunities.

So yeah, retain profits and don't do buy-back-and burn or other dividend-like activities (if you believe in what you're doing). But it has nothing to do with value and everything to do with growth potential.

LobsterDAO 🦞

28 Feb 2025 11:35

ask in @gearboxprotocol blz @saudibiddor

LobsterDAO 🦞

28 Feb 2025 10:05

is there a dashboard or something

LobsterDAO 🦞

28 Feb 2025 09:49

I thought of him as a larper but bro was the CTO of coinbase, insane

LobsterDAO 🦞

28 Feb 2025 09:45

https://fixupx.com/heycape_/status/1895357146541498401

LobsterDAO 🦞

28 Feb 2025 07:06

i just read the report about the bybit hack again, so basically the safe{wallet} frontend host malicious code for a full 2 days and no one noticed it

LobsterDAO 🦞

28 Feb 2025 04:37

so based. yes. beautifully said friend. the value of a token is what it does 🔥 love hearing that.

related:
https://x.com/BackTheBunny/status/1888853296011690351
https://x.com/BackTheBunny/status/1839591550642270265
https://x.com/BackTheBunny/status/1889607258981671063