After Binance's $6.3bn Hack, Slop Cash Tries Token-Funded Open-Source Maintenance
0xSammy · x · 2026-11-05
0xSammy's 200th newsletter links the $6.3bn Binance hack and attacks that set supermarket freezers to 50°C to a broader question: what's at risk when AI agents can move crypto or control warehouse robots?
Key thesis: AI makes code cheaper to produce, raising the value of careful review and ongoing maintenance. Slop Cash, the first external project on Umia (from elizaOS creator Shaw Walters and Drew Pierson), builds a funding layer for open-source code and security: projects fund monthly pools rewarding merged code changes and accepted reviews, with a 14-day review period before funders authorize payments. Slop launches on Robinhood Chain Nov 5. Treasury rules hold auction proceeds in smart contracts, cap team monthly allowances, and require decision markets for extra spending; team allocations combine time-based vesting with price milestones. The author remains cautious on whether it will work, noting impact depends on contribution and review quality.
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