Episode Details

Hart Lambur is the CoFounder of Across.

We host a timely new discussion on the reasoning behind the first ever major token buyout in DeFi, a proposal to convert ACX tokenholders into equity shareholders of a traditional private company for Across. Hart explains how the $25M treasury would finance the buyout, and the vision for Across's future as stablecoin infrastructure where "$1 equals $1" and users pay nothing to move money across chains.

In this episode, we cover:
+ Why the token model isn't working: DAO governance challenges and misaligned incentives
+ How the buyout works: token-to-equity conversion, and who can participate
+ The new business model: Free stablecoin movement powered by intents, with issuers paying fees instead of users

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⏱️ TIMESTAMPS

0:00 - Intro
1:27 - Hart’s background with Risk Labs
4:46 - Big announcement: Across token buyout proposal
9:13 - How the token buyout works: rolling into a private entity
10:58 - History of the ACX token: Why it launched and what wasn't working
14:26 - High FDV tokens and broken markets
18:54 - Token governance challenges
20:13 - ACX token ownership: DAO, investors, and retail breakdown
24:32 - Token to equity conversion
25:35 - $25M Across treasury will finance the buyout
28:38 - New business: Making stablecoin movement free for users
36:09 - Why DAOs struggle with B2B contracts vs private companies
40:39 - How the new business works between Across and stablecoin issuers
42:28 - What are intents and how they power Across's "$1 = $1" vision
45:58 - Three paths to success
47:30 - Closing

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🔗 GUEST LINKS

► Across website: https://across.to/
► Across proposal: https://forum.across.to/t/the-bridge-across/2097
► Hart's thoughts on token buyout: https://x.com/hal2001/status/2031737518505537907?s=20
► Across on X: https://x.com/AcrossProtocol
► Hart on X: https://x.com/hal2001

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