RE: Pancakeswap’s New Affiliate Program To Reward Cake Holders Woke An Old Idea For Hive's DHF In Me
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I love the outside-the-box thinking here.
I like the idea of a DHF VC fund.
Personally, though, I think the Hive VCs should be finding Hive-related projects.
The thing that would be different from current DHF funding would be the type of projects being funded.
Traditional VCs only fund projects with HUGE upside potential. And they only expect about 1 in 10 to succeed.
Historically, the DHF has only funded projects that have a high probability of success.
Don’t get me wrong. I’m not suggesting finding any and all projects.
Rather, I’m suggesting some serious swing-for-the-fences brainstorming. And then pursue several of the best ideas, knowing you’ll be happy if just one succeeds.
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The pattern I've noticed with Hive-based projects tho is that majority, if not all, tend to all fight over the same small Hive pie of users therefore bringing little to no external value - which is largely needed for the ecosystem flourish.
The idea here isn't to stop funding these internal projects, but a combination.
If you look at Celestia Backers, you'd notice that all of them are in profit, there's a reason every established entity opts for this, even cointelegraph runs an investment fund of this nature.
Surely not all projects would be as Celestia, but the upside should be greater, all things considered(revenue, developer interest in Hive, more dex/cex listings, increased bridges to other networks, mass exposure, etc.)
We have to also look at how this could put Hive in the news more often, because the media sure loves to talk about what investment fund holds this or that stake and all the other speculations and hype surrounding the revenue generated.
It's definitely not something we should jump at carelessly, we have to be strategic about it and should expect to gain good relationships with the rest of the crypto space.
I’m not talking about small-minded projects.
A traditional VC would not even begin to think of funding a project focused on a small addressable target market.
What I’m referring to is high-potential projects that build on Hive, help others build on Hive, or have the potential to bring LOTS of folks to Hive.
If it’s purely investment but not built on or building on Hive, I doubt it would get the needed support. And, fwiw, the HBD Stabilizer is already making millions per year for the DHF. We don’t need money, imho, we need some genuine risk-taking vision — and that generally doesn’t happen via consensus-based decentralized decision making.
In any event, keep thinking outside-the-box. We need much more of that!