Ok here's how the Poly Network hack actually worked. If I'm reading the contracts correctly, it's pretty genius.
A detailed story of the Polynetwork hack.
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Exploring DAOs Mega Thread 🧵👇 One of the most common questions I get in DMs is: “Which DAO should I join? How do I pick one???” So heres a big list of DAOs you might find cool & strategies for picking them. 1/37 (yes I really did go that hard on this)
A new way to fund open source? - Be open source dev - Issue a token - Hold X% of it - Has 0 value initially - Award (100-X)% of it over time to folks who contribute code - Companies then buy token to prioritize bugs & features - Suddenly, an economy arises!