jakiro
Author: Solend, Suilend protocol founder, ROOTER, Coindesk; Compilation: White Water, Bit Chain Vision Realm
Who doesn’t want free money?
Points, the loyalty plan is designed to motivate the use of blockchain applications by providing tokens that provide timely exchanges into valuable things to tap the original things in our brain: our hard -coding desire for gambling.
The dopamine system helps our ancestors to bear risks, so that we have reached today.Without high -risk and high return, we will not be in the golden age of this technology (we flip the Meme coin at a speed of 1,000 TPS).
The story of ordinary people earning money to change life has triggered “if?”When “everyone becomes very rich and you don’t have you”, we will be afraid to miss.
Airdropping is beneficial to many people.However, the project has seized the potential of growth hackers and the recent “points” trend, and has been abused.Developers know what they are doing, we know what they are doing, they know what we know what they are doing.Today’s airdrop points are plunder and laziness, but they are actually just gambling.
Incentives of cryptocurrencies
To understand this problem, it is important to understand how they formed.
Liquid mining was created by Compound, which kicked the prelude to the 2020 “DEFI Summer”.The lending on Compound is motivated by the COMP token.Soon, more than a dozen projects provide similar incentives, but each has its own characteristics.One of them Sushiswap uses its own token Sushi to motivate liquidity supply (LP) position to “vampire attack” UNISWAP, and the latter has not launched its own governance tokens.This forced UNISWAP to launch UNI and trace the airdrops for early users.(Someone joked that this is “Ethereum Stimulation”)
The extensive influence of the UNI airdrop is a huge catalyst of decentralized finance, which has attracted a large number of new users.Since then, many different protocols on different chains have copied the same airdrop token process -different degrees of differentiation.
Then Blur appeared in 2022, which was the pioneer of points.Users can earn points by trading in its market that cannot be replaced by the tokens (NFT).With Blur’s incredible success, each project has formulated points plans soon.
A common misunderstanding is that the points in Defi are the evolution of loyal points provided by airlines, hotels and cafes.Just because DEFI projects and cafes are called “points”, they do not mean that they are the same thing.They have significant differences in history and usage, making them different classification methods.One is the loyalty plan for low risk, and the other is to deliberately use hype to improve the indicators and costs.
Current points
The current points are plunder.No known rewards, no timetable, can be changed arbitrarily.The reward may be worthless or never allocated (some people call it “permanent points” because they will never be converted into valuable tokens).All of these arebyThe cost of paying the actual cost and the cost of opportunities.
False advertising projects are rampant, and black boxes are promoted in a world where transparency is vital.They are pushing things beyond what the pioneers do.Blur launched their tokens within five months, but now some projects have squeezed users for more than a year.
How to design points
The problem of points is not the integral itself, but how to use points to plunder users.However, it is possible to design a integral plan that is beneficial to projects and users.
The main changes to be made are pre -disclosed rewards, conveying timetables and commitments.
Road
The road to advancement needs to be dedicated to transparency and fairness.Action through advance,The project can realize the dream of transparent and decentralized finance, rather than building a system that we initially proposed.Through priority, we can transform points from speculative gambling to useful tools for participation, retention and rewards.This should be the case.
