Why Cap Cuts Its Stabledrop Rewards From $11M to $4M: Uneasy Money
About this episode
The episode discusses Cap's reduction of its Stabledrop rewards and various related crypto topics.
Cap's founders on shrinking their Stabledrop from $11M to $4M — plus a $23M hack traced toward North Korea, a BarnBridge governance exploit, and Kain's case to force weak L2s to become their own L1s. ======================================================== Thank you to our sponsors! Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at https://cape.co/unchained (use code: UNCHAINED). ======================================================== Cap committed to a roughly 11 million dollar Stabledrop in February, promising early users stablecoins instead of tokens. A delayed token sale raised less than hoped, and the reward shrank to about 4 million, forcing a fast rewrite of who got paid. Benjamin Sarquis Peillard, Founder and CEO of Cap, and Weso of Cap join Kain Warwick and Taylor Monahan to walk through a restructuring that made yield-token holders whole, left farmers without a windfall, and argue points programs are an uncapped marketing expense many projects cannot afford. The…
People in this episode
Host: Laura Shin
Guests: Benjamin Sarquis Peillard, Weso
Topics covered
- Stabledrop
- crypto rewards
- hacks
- governance exploits
- Ethereum
- L2s
- marketing expenses
Keywords
- Cap
- Stabledrop
- crypto
- hack
- BarnBridge
- Ethereum
- L2
- marketing
Sponsors
Cape
Mentioned in this episode
Organizations: Cap, EthSystems, Ethereum Foundation, Joe Lubin, SharpLink, BitMine, Robinhood Chain, BarnBridge
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