WaterNeuron Explained

Thanks for this @EnzoPlayer0ne. I agree that there’s a tension between proof-of-stake (long-term stake) governance, and defi. I also agree that the IC really needs more defi activity and options for users. WaterNeuron is the best defi project I’ve seen on the IC, which is why I’ve been so invested in spending my time reviewing WaterNeuron proposals, and trying to think about all the ways in which things could go wrong (e.g. encouraging non-transferable neurons, and top holder doxing, and various other things).

I also want to make sure that the success of WaterNeuron benefits as many people on the IC as possible, and that ownership over the protocol is as shared as it practically/realistically can be.

In many ways I think that WaterNeuron is becoming a victim of its own success. It’s so well designed and positioned that it’s considered threatening. I certainly found it threatening when I first saw it proposed as an SNS, and I can still understand the concerns.

I think we need more teams to step up and build similarly well-designed and effective defi products. This would surely be the best outcome for the IC (such that no team / subcommunity has a monopoly).

How do we make sure this number goes up? I agree, I think this is very important. I’m just not clear on how it will happen.