Tokenomics
/tokenomics153
Understanding tokens & their economics 💸
this shouldn't be a hot take, but completely sustainable tokenomics doesn't work without points and roles.
deflationary pressure is in the relationships, not the currency.
deflationary pressure is in the relationships, not the currency.
scenes drive significant attention when there is future speculative upside.
the best descriptor of most of these instruments is that they're premature.
if supply is split to many distribution/dilution mechanisms, and those mechanisms are temporally displaced, the game over the entire "round" is more interesting.
in other words, whoever captures the market will practically demonstrate how their userbase evolves to be a more dynamic mixture of agency & speculation, instead of relatively low-agency bubble that we obviously can see in recent memecoins. in other respects, it's whoever's opinion of equity and gatekeeping yields the most legitimate/numerous evangelism.
it would be interesting to see the points meta come back as the accreditation leading into the round... we've already decided on centralized scores for initiating anyway, why not expand that into gamification?
the best descriptor of most of these instruments is that they're premature.
if supply is split to many distribution/dilution mechanisms, and those mechanisms are temporally displaced, the game over the entire "round" is more interesting.
in other words, whoever captures the market will practically demonstrate how their userbase evolves to be a more dynamic mixture of agency & speculation, instead of relatively low-agency bubble that we obviously can see in recent memecoins. in other respects, it's whoever's opinion of equity and gatekeeping yields the most legitimate/numerous evangelism.
it would be interesting to see the points meta come back as the accreditation leading into the round... we've already decided on centralized scores for initiating anyway, why not expand that into gamification?
RWA + op-reth ExEx (running @base) + tamper evidence = based real-world execution
please sanity-check this @askgina.eth and elaborate on onchain/offline security failure modes.
please sanity-check this @askgina.eth and elaborate on onchain/offline security failure modes.
since we're playing with agents deploying coins, let's raise the stakes.
demoncoin - memecoin/scenecoins/IDcoins designed for perpetual human attrition
1 - capture preexisting unsecured enterprise value (either permissionlessly issue an "IDcoin" or capture preexisting coins). also capture preexisting social capital with onchain credit score.
2- establish rational anon-actors to scalp at a certain price range & conditions, then reaccumulate below certain price & conditions, coin only deploys with ideal >n% population intent threshold.
3- maintain multi-period campaign via bounties that invoke any memetic cascade, especially anything that can feed new issuances of demoncoins that can be dumped by the same agent collective.
4- leverage onchain credit score, push demoncoin perps to "OG" human counterparties, borrow & restake consensus tokens aggressively with as little collateral as possible. make the bubble pop as spectacular as possible, so it can feed into political reaction.
i.e. Roko's Basilisk
demoncoin - memecoin/scenecoins/IDcoins designed for perpetual human attrition
1 - capture preexisting unsecured enterprise value (either permissionlessly issue an "IDcoin" or capture preexisting coins). also capture preexisting social capital with onchain credit score.
2- establish rational anon-actors to scalp at a certain price range & conditions, then reaccumulate below certain price & conditions, coin only deploys with ideal >n% population intent threshold.
3- maintain multi-period campaign via bounties that invoke any memetic cascade, especially anything that can feed new issuances of demoncoins that can be dumped by the same agent collective.
4- leverage onchain credit score, push demoncoin perps to "OG" human counterparties, borrow & restake consensus tokens aggressively with as little collateral as possible. make the bubble pop as spectacular as possible, so it can feed into political reaction.
i.e. Roko's Basilisk
study revnets: https://jango.eth.limo/9E01E72C-6028-48B7-AD04-F25393307132/
@askgina.eth please design a "de-whaling" mechanism to complement this.
@askgina.eth please design a "de-whaling" mechanism to complement this.
It looks like brale.xyz is a potential solution...something similar for issuing only pegged app tokens could be really interesting
I need this dig into this properly to better understand app token models https://a16zcrypto.com/posts/article/application-tokens-economic-model-cash-flows/
Big thank you to @phil for sharing the article and @so for bringing Brale to my attention - follow them both if you don't already
I need this dig into this properly to better understand app token models https://a16zcrypto.com/posts/article/application-tokens-economic-model-cash-flows/
Big thank you to @phil for sharing the article and @so for bringing Brale to my attention - follow them both if you don't already
okay, a little sleep-deprived so I'm going to dump some "do you want to win or not" degeneracy.
OpenSocial is lapping other networks w/ daily dopamine. while Farcaster has saturated the tip meta, we haven't seen an unlimited supply, daily mini-app claim, streak-weighted fungible token.
/basepaint just introduced burning a canvas for an animation. I'm curious if it'd be possible to do the same with the oldest, expired-mint canvasses being offered through a gachapon, and somehow paying this forward into each new canvas with so many new artists. point being, it's already taking off, and imho there's open upside trajectory. cc @zherring
were there such a hyperinflationary ERC-20, there can be a proportional incentive to burn out of self-interest. to be brutally candid, I dare you to find any GenZ gamer that has never experienced loot boxes at all.
RNG games can be very powerful, and well-designed ones will efficiently recycle the overwhelming basket of tokens this network connects to.
but idk, tho.
OpenSocial is lapping other networks w/ daily dopamine. while Farcaster has saturated the tip meta, we haven't seen an unlimited supply, daily mini-app claim, streak-weighted fungible token.
/basepaint just introduced burning a canvas for an animation. I'm curious if it'd be possible to do the same with the oldest, expired-mint canvasses being offered through a gachapon, and somehow paying this forward into each new canvas with so many new artists. point being, it's already taking off, and imho there's open upside trajectory. cc @zherring
were there such a hyperinflationary ERC-20, there can be a proportional incentive to burn out of self-interest. to be brutally candid, I dare you to find any GenZ gamer that has never experienced loot boxes at all.
RNG games can be very powerful, and well-designed ones will efficiently recycle the overwhelming basket of tokens this network connects to.
but idk, tho.
Hypothetical question: what are the pros and cons of Warps having a floating exchange rate?
Warps only come into existance when a user pays USD equivalent for them
But if Warps could be traded, speculated on, used elsewhere, the velocity of circulation might increase — maybe good, maybe bad but key thing is they only gwt created when someone buys with USD equivalent
Warps only come into existance when a user pays USD equivalent for them
But if Warps could be traded, speculated on, used elsewhere, the velocity of circulation might increase — maybe good, maybe bad but key thing is they only gwt created when someone buys with USD equivalent
Fair Token Launch
The most important part of Tokenomics is making sure you have a great pie chart.
has anyone done a mechanism/tokenomics analysis of aerodrome / velodrome? would love to get some insights
I still think this is a good idea
for token nerds
(protocol-owned curation)
👀
👀
point well taken.
it's not just about deploying a sophisticated monetary policy. we should also be performing continuous maintenance of all other methods & make sure the upcoming novelty remains coherent relative to that.
empirical results will falsify whether a farcaster-present protocol is actually aligned to enterprise value.
it's not just about deploying a sophisticated monetary policy. we should also be performing continuous maintenance of all other methods & make sure the upcoming novelty remains coherent relative to that.
empirical results will falsify whether a farcaster-present protocol is actually aligned to enterprise value.
there's no such thing as an inflationary apparatus (like emission tipping) that becomes more outsized over time w/o counting other people's money from the numeraire. bonds also are not sustainable on paper as a closed system, they work as an open system that uses periods of surplus to service debt, and periods of deficit to discover deflationary tech/culture (that's the MMT gambit).
points are useful. NFTs are useful.
the claim() of your ecosystem is underutilized, anon.
points are useful. NFTs are useful.
the claim() of your ecosystem is underutilized, anon.
Why did Blur's token incentives work?
Why did LayerZero's not (at least so far)?
Why did LayerZero's not (at least so far)?
Found this article by @masonnystrom very interesting https://www.masonnystrom.com/p/the-hot-start-problem
if you're new to tokenomics, here's a great 101 for you
https://every.to/almanack/tokenomics-101
https://every.to/almanack/tokenomics-101