J Hackworth
@jhackworth
Zora has distributed over 10k ETH via protocol rewards Creators win, Minters win, and Referrers win through participating on Zora
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ted (not lasso)
@ted
… wait, hold on. aren’t the mints trending downward? if there was strong growth, cumulative would be an exponential or steeper curve (like Feb to mid March) and not a slowing linear line?
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jacob
@jacob
The rewards downtrend is in large part due to the substantial fee change we did (0.000777 ETH to 0.000111 ETH). Here is the mints chart to get a better picture of what’s happening
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jacob
@jacob
The bet with the reward shift would be that it would substantially impact rewards in the short term, but then lead to increased minting, increased number of posts getting a mint and increase in collectors. And we roughly estimated 6 months for it to get to pre-change levels (trending well but not there yet) We saw a similar thing with the rewards model. We nuked our own revenue 80%, with the bet that rewards would lead to more growth. That took around 6 months to become true.
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