I hope you can answer my questions to some are ridiculously absurd.
Is fantom a security or a commodity meaning is fantom foundation manegerial or not?
2.How will fantom avoid capture in the future just like what the others say about ethereum since its transition to POS consensus, It was 70% captured/OFAC compliant it means its centralized already more than 50% ccontrolled by major exchange, how will fantom avoid this situation in the future my main concern is fantom inherent centralization with only approx. 70 validators it can become an attack vector?
In relation to questions above i do believe voting process is a good way to maintain order for the community but not a good decision making for a decentralized governance since decision should be based on merits meaning it must be hard to change some rules in the game like maximum supply, monetary policy, etc.
Control data bloat for the DAG since fantom is a high throughput digital ledger it will become not only costly to stake but also costly for hardware to become validator in result only few entities can become validator which will come back to centralization question.
I can’t comment on this, I am not a securities or commodities lawyer
This isn’t a technology choice, its up to each validator to decide their own compliance, this isn’t something we can build into the protocol
Can you rephrase, I don’t understand the question
Fantom doesn’t have the same data bloat problem as other blockchains, we already have data pruning and snapshotting, because Fantom is aBFT, once a root has been secured, all previous data can be truncated. This problem already doesn’t exist in Fantom.
What i mean in number 3, is there any way that governance for fantom is adapted naturally not by voting? i.e in real life scenario the majority choose candidates not good for the game like they choose the unqualified candidates in a sense it become some sort of weakness and in the parliament the power becomes centralize.
In bitcoins case theres no voting but naturally the rules are proposed and if everyone accepts the node update then the rules is adopted naturally. Like the way how free market the rules just pops up naturally based on merits no voting.
Fantom operates in the same way as that though, validators decide if they use the update or not, no different than Bitcoin, voting is only used by the foundation as signaling for the software we propose, it is ultimately the choice of the validators to opt-in.
I have nothing planned with Solidly, it was presented as an immutable primitive, not a project. I no longer have any involvement with it. Just like I have no involvement with Yearn or Keep3r.
Thankyou for your response! I understand that solidly is immutable and can’t do any alterations with solidly… but may be in your future projects i hope we may recover our losses.
I’m so proud of you for starting something that most would only dare to dream of! Keep going
just like swapping or another formula allowing farming, fmint is ultra complex. fervant holder fantom I will use the fantom token as a fmint catalyst without going through several steps just by pressing a button.
on the other hand the fantom wallet works like a Swiss clock and that is really worthy of power. well done.
Is the Foundation considering removing the maximum limit of 3.175b and launching a dynamic emission model similar to Ethereum? This could allow validators to be rewarded for their work for many years to come. I ask myself the question because there is no guarantee that the validators will remain profitable through the transaction fees alone after the end of the token distribution.
As a DeFi expert, what do you think about Uniswap V3 and the associated optimizer projects like Popsicle Finance? I’m asking because the V3 license expires in April, if I remember correctly. This means there will likely be some forks, including on Fantom where Popsicle could deploy its optimizer if needed. Since the V3 liquidity management is too complicated for the normal user, V3 optimizers would have a clear use case. But I often ask myself whether these optimizers can be made profitable at all, since I keep seeing reports where users are more likely to lose money than make money through V3 LPing. Popsicle Finance has rarely been profitable with the Fragola V3 optimizer. Now the team seems to have been working on a JIT integration to reduce the permanent loss when rebalancing. What do you think about this? Maybe you talked about that concept with Daniele Sesta in the past.
Thanks in advance and keep up the good work. Best regards from a Fantom ICO participant
Those questions are more for you personally rather than Fantom’s team.
We’ve seen that in 2022, Polygon has been making big move with BD (probably having some VC like Mark Cuban helped facilitate the path) noneless I personally think that it’s a big step for blockchain adoption.
If those partnership became fruitful for them in term of KPI like number of Tx and new users. Do you think that their current technology can handle a massive usage? And millions of Tx daily?
On the BD part (even if It’s Sam’s Area): do you think that having biz dev looking for partnership is a good idea ? It’s not like Fantom as a palette of web3 solution to sell. Maybe having or creating incubators with current companies to work towards disruption could be a better idea.
NOTE FOR THE COMMUNITY : blockchain adoption is not a race as we still are early in term of technology advancement and those partnerships will look at different solutions once they have fully adopted web3 (could take years) but they will. So Fantom will be well positioned.
For now its wait and see, we first want to see if we can grow fees significantly enough to offset emission, we aren’t far off from that, if we can hit a consistent 2-4% APY on fees, we can stop emissions. We might even be able to stop it before it reaches 3.175b, but more data is required.
Uniswap V3 has the option to extend, which I think they will likely enforce, unless they launch V4 before April, in which case they will let it lapse, too early to tell. Concentrated liquidity also means concentrated impermanent loss (or rather, just loss). Its an advanced system meant to be used by advanced users. Not everything in life is meant to be simplistic.
I would rather not comment on other projects, that always quickly devolves into less than useful discussion, instead I focus on the things I can effect change on, namely Fantom’s stack.
I do not recommend aggressively pursuing BD currently, and have asked the team to take a step back here, we have many breaking changes launching this year, and I would like to have those implemented before we increase BD and marketing. Our timeline is decades, not months, so we can take our time to grow our market share with the best possible product.
How would you describe your role within the leadership and governance structure at Fantom? It appears you are responsible for Strategy & Innovation but curious as to how you would describe your role - I know job titles can be limiting.
Hey Andre, i previously asked you about Fantoshi and you said you had not idea what it was. According to this article by Fantom Foundation https://fantom.foundation/blog/fantom-reaches-breakthrough-in-ai-technology/ - Fantom kinda accidentally created an AI - I never understood if this was some sort of joke, or it is actually a thing with purpose on the Fantom blockchain.
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