About this episode
Hart Lambur is the CoFounder of Across.We host a timely new discussion on the reasoning behind the first ever major token buyout in DeFi, a proposal to convert ACX tokenholders into equity shareholders of a traditional private company for Across. Hart explains how the $25M treasury would finance the buyout, and the vision for Across's future as stablecoin infrastructure where "$1 equals $1" and users pay nothing to move money across chains.In this episode, we cover:+ Why the token model isn't working: DAO governance challenges and misaligned incentives+ How the buyout works: token-to-equity conversion, and who can participate+ The new business model: Free stablecoin movement powered by intents, with issuers paying fees instead of users------💎 THIS EPISODE'S PARTNERS🔒 KPK | Best risk-adjusted yield through automated vaults🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🕛 NOON | The highest and safest stablecoin yield, built for the long term🌅 NEUTRL | The next generation of crypto-native yield🛡️ ACCOUNTABLE | Real-time financial verification⚔️ KATANA | Deep liquidity & real yield🏦 MANTLE | MNT is now live on Solana🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro1:27 - Hart’s background with Risk Labs4:46 - Big announcement: Across token buyout proposal9:13 - How the token buyout works: rolling into a private entity10:58 - History of the ACX token: Why it launched and what wasn't working14:26 - High FDV tokens and broken markets18:54 - Token governance challenges20:13 - ACX token ownership: DAO, investors, and retail breakdown24:32 - Token to equity conversion25:35 - $25M Across treasury will finance the buyout28:38 - New business: Making stablecoin movement free for users36:09 - Why DAOs struggle with B2B contracts vs private companies40:39 - How the new business works between Across and stablecoin issuers42:28 - What are intents and how they power Acro
