Uneasy Money: ICOs Are Back and Why Airdrops Are Instantly Dumped - Ep. 947
Description
In this first episode of Uneasy Money, hosts Luca Netz, Kain Warwick, and Taylor Monahan dig into the Balancer hack, Berachain’s centralized response, the sudden return of ICO-style distribution, and why some new drops give away so little.
Luca explains why he thinks generous airdrops are essential for building a real “army,” Taylor breaks down MetaMask’s own thinking on token incentives, and Kain questions whether any of these models still make sense in a sentiment-driven market.
Plus, Uniswap’s fee switch proposal and the tea on Velodrome and Aerodrome.
Hosts:
Luca Netz, CEO of Pudgy Penguins
Kain Warwick, Founder of Infinex and Synthetix
Taylor Monahan, Security at MetaMask
Timestamps:
👏 0:00 Intro
🛑 1:23 The Balancer hack—and why we need more guardrails beyond audits
🐻 10:18 How Berachain’s centralized response raised deeper questions
🚀 19:19 The return of the ICO meta
💰 21:26 Why Luca says big airdrops are essential to building an “army”
🐧 24:24 How Luca designed the PENGU airdrop—including the goal of surpassing DOGE
📉 37:11 What’s the point of airdrops if everyone just dumps?
⚖️ 39:50 Are ICOs actually better than airdrops?
🦊 43:41 How MetaMask designed its rewards system—and what Taylor thinks about incentives
🦄 47:19 Uniswap’s UNIFICATION proposal and what it showed about what drives prices
🔀 49:42 Velodrome + Aerodrome merge—and why Kain says the move is “weird”
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