The issue with DYAD is that they haven't fundamentally solved the trilemma. The so-called DV arbitrage feels like a solution looking for a problem, essentially shooting at an imaginary target. The project's overall game structure suggests that later participants are simply left holding the bag for earlier users. I don't see a foundation for large-scale adoption, as there is no real source of value other than a Ponzi-like scheme of passing the risk from one participant to the next.
The issue with DYAD is that they haven't fundamentally solved the trilemma. The so-called DV arbitrage feels like a solution looking for a problem, essentially shooting at an imaginary target. The project's overall game structure suggests that later participants are simply left holding the bag for earlier users. I don't see a foundation for large-scale adoption, as there is no real source of value other than a Ponzi-like scheme of passing the risk from one participant to the next.