Farewell to the GHO Liquidity Committee reflections on the rise of DeFi newspeak

The author, tokenbrice, announces resignation from the GHO Liquidity Committee and argues that the committee's operating model, unclear scope and membership of governance professionals without liquidity expertise led to inefficiency and conflicts of interest. Tokenbrice cites the Curve Wars as an example of public perception diverging from onchain reality, noting that projects spent $1 to receive $0.7 of incentives in round 62. The post also describes two missed targets during the author's two mandates, one missed by a few basis points after an increase of about 200 bps, and the second missed by a few days.