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@nader
e1035239370be42c4021f11bdbece9bd7f3eecf1f9c2e8ec4f3af2e4a8312ed5

Announcing our updated priorities for DeSo and our associated products.

Focus, the SocialFi app where you're likely reading this post, needed some work on the infrastructure side to be able to handle higher loads. That work is nearly complete, at which point we will shift our efforts to new features and growth. Below is rough a list of what we will be focusing on:

  • Post to Earn. A major lever we have is our Post to Earn program, which we are still working on. This program will reward those who create the best content, creating an initial base of content creators who are dedicated to the platform. It is difficult to construct a program that maximizes content quality, while minimizing bots and low quality content, but we are optimistic we'll be ready to ship something here soon.\

  • Crypto subscriptions and unlockable content with major creators. We believe Focus can expand the market for subscription content and unlockable content, since it is the first product that offers crypto rails for these purposes, allowing users to pay with BTC, ETH, SOL, USDC, and USDT. In fact, the leading platforms don't even have a good means of charging for an individual piece of content, due to fiat processing fees making it cost-prohibitive. We will be working with some major creators to launch their paid content on Focus, where they will be able to unlock a new audience thanks to the enhanced crypto-native monetization tools available.\

  • Feed marketplace. We are working on an improved experience on the Focus For You Feed, as well as a major upgrade of our Feed Marketplace, which is currently difficult for developers to plug into. Focus is the first product that allows anyone to create and, more importantly, monetize a third-party feed. Just subscribe to a feed and the developer will earn a monthly fee for curating your content. Nothing like this exists today, and we are confident it can solve a lot of the problems associated with centralized media bias.

  • UX improvements. The onboarding on Focus will be streamlined and shortened, prioritizing ease of entry. There are many other minor improvements like this that we are prioritizing but this is a big one.

We have big plans for Openfund, our fully-decentralized order-book exchange, which hit record volume and fee revenue this month. A rough list below:

  • Advanced order types. We will be shipping advanced order types, such as TWAPs, in the next month or so. Unlike TWAPs on other exchanges, TWAPs on Openfund will be fully self-custody, executing directly from the user's wallet using a delegated key. They will also allow users many more options with regard to how they're configured. This feature will also power the automated “buy-back and burn” programs for tokens like $openfund and $focus.\

  • Enhancing liquidity. Openfund already has great liquidity for major pairs such as BTC, ETH, SOL, and DESO thanks to our automated market-makers. However, we are working on a liquidity program that will incentivize third-party liquidity providers, either through locked token airdrops or by sharing some of Openfund's fee revenues with them directly. Such a program needs to be carefully engineered, but we are excited to roll it out and take Openfund to the next level.

  • HeroSwap DEX routing. HeroSwap is a companion product to Openfund that also saw record volumes and fees the past few months. It currently uses pools of liquidity to fulfill swaps, but we are working on having it hit the DeSo DEX directly, which will lead to better rates and also significantly improve liquidity.

  • Margin and leverage. The natural next step for Openfund is to enable users to trade their favorite tokens with margin and leverage. We are currently scoping significant upgrades, uniquely enabled by DeSo's architecture, which will facilitate advanced margin and leveraged trading while remaining fully decentralized.

The DeSo blockchain itself, which powers all of our products, will be getting some major efficiency improvements. Among other things, nodes will run on a quarter of the memory, with several other more minor improvements to performance and decentralization.

Finally, we are still pursuing several DeSo-related growth efforts. Among other things, we continue to work to list $DESO and our other DeSo-native tokens like $FOCUS and $OPENFUND on as many exchanges as possible.

If you have any questions or suggestions for improvement, please let me know in the comments.

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@clayoglesby
fe15a57cfb2a2fcd424acf715063d5004749f9722ab08f1d1948f45fd887578e

4 tenants to high agency:

  • Clear thinking
  • Bias to action
  • Resourcefulness
  • Disagreeability

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@clayoglesby
ad104cac8dcace5d69ee04d56ca17478ce9823087be5c79f91bb3dc9c808320c

Pretty good testimonials for a web3 app.


x.com/Chilearmy123/status/1911901769329750386

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@ASG
7d4667973a9f777fbdf3ba3dc36eac7f1e8ab6483683f121564880fa5c7fa64f

Push wood.

Image attached by @ASG to a post
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@clayoglesby
28b9bfaeaeb247abee038f23de6fe5a0380ed13e9bc2d928940e0e5f1e462861

Sometimes you just need to sit in your car in the parking lot for a little bit. Hang in there.

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@clayoglesby
0c890bfa3f0b6337984edbeb31b715f6f3e5fc0118a9f6deb83b07feb0974c1e

Start small with $15K. (30 new apps) in the next 3 months which is more than the last 3 years.


Target college kids, sub-Reddits, Facebook groups, etc.


@mossified do it or you're bald.

@clayoglesby
18ddb9d06da0d2cdd5841ba5c4ba2a90d1742c8a59f38f36a87ff7cc9fc29d7f

DeSo should incentivize "micro-apps". Build out the app store. $500 one time grant to anyone that wants to build something.


Weekly payouts based on a usage based leaderboard (users/dau/txn vol/TvL/etc)

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@clayoglesby
7ac4047014906a83020bcd416adefbf753e02a2931909e27fe83c8f1a5af5b28

Any financial institution could add > $100B to their MC with a $100M investment in product design. Robinhood as a case study will make this an inevitability.

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@clayoglesby
d84e68f33058ce2777fd189184c76677da8ae434cb6fa05e4e43b8911a7fe086

"If China isn't retardio, they will make a deal with us. If they don't, every economy in the world will print a metric fuckton resulting in an incredible June alt season."

Image

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@clayoglesby
18ddb9d06da0d2cdd5841ba5c4ba2a90d1742c8a59f38f36a87ff7cc9fc29d7f

DeSo should incentivize "micro-apps". Build out the app store. $500 one time grant to anyone that wants to build something.


Weekly payouts based on a usage based leaderboard (users/dau/txn vol/TvL/etc)

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@ASG
be9b2d0a4d5410a7668b3a3e14297235f661824c2644f0995cb75327915808c6

gm

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