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Uneasy Money: ICOs Are Back and Why Airdrops Are Instantly Dumped
Episode 947
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:
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Luca Netz, CEO of Pudgy Penguins
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Kain Warwick, Founder of Infinex and Synthetix
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Taylor Monahan, Security at MetaMask
Timestamps:
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👏 0:00 Intro
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🛑 1:23 The Balancer hack—and why we need more guardrails beyond audits
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🐻 10:18 How Berachain’s centralized response raised deeper questions
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🚀 19:19 The return of the ICO meta
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💰 21:26 Why Luca says big airdrops are essential to building an “army”
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🐧 24:24 How Luca designed the PENGU airdrop—including the goal of surpassing DOGE
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📉 37:11 What’s the point of airdrops if everyone just dumps?
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⚖️ 39:50 Are ICOs actually better than airdrops?
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🦊 43:41 How MetaMask designed its rewards system—and what Taylor thinks about incentives
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🦄 47:19 Uniswap’s UNIFICATION proposal and what it showed about what drives prices
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🔀 49:42 Velodrome + Aerodrome merge—and why Kain says the move is “weird”
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Published on 1 month ago