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EulerLagrange.eth
@eulerlagrange.eth
I had an idea for how to make the incentives for an L2 more favorable to the community. Inspired by @hrojantorsw’s comments on how Circle will give you a cut of tbill yield if you bring new usd into crypto. This program is elegant because the incentives are strongly aligned. The goal I have in mind is to provide this constructive incentive to rollups and their devs. For L2s the trend is to move to using eth for gas. The idea is the rollup will mint a token. For an epoch of blocks, the fees collected would be paid out to token holders based on proportion. The tricky thing is you need to reset after paying out. Have ideas for how to reset but for later. This new token behaves similarly to a native gas token, as the payout depends on supply/demand of txs.
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EulerLagrange.eth
@eulerlagrange.eth
Imagine you’re a builder who has an idea for a useful onchain contract. Hard to monetize but you expect a lot of traffic. The reset I mentioned earlier can be done in a way where the gas token is initially paid out to smart contracts based on proportion of the total tx traffic. So now as a builder you can earn from the tx fees you’re contract generates on the rollup. This would make building on rollups more attractive, no?
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Hrojan Torse
@hrojantorsw
This is cool. Not sure if I deserve any credit for what you have suggested ser, I’m a smooth brain.
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Law❦︎
@traguy.eth
The gas used during the minting of the tokens will be accumulated and paid out to token holders Or am i misinterpreting it?
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Melanin💜✨
@0xmelanin
is the gas fee going to be affordable for the average man?
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Abubakar🎩
@bigbenz
This is actually a great initiative Euler Aligning incentives for L2 rollups, by creating a native token tied to transaction fees is intriguing. Oh also, you made mention of “reset”, i would love to hear more insights about your thoughts on the reset!
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Max
@max28
🆒🆒
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