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Cashback in Web3
In the Web2 world, cashback is a familiar concept—users get a percentage of their spending returned to them, usually as fiat or points. In Web3, cashback evolves into a more flexible, transparent, and crypto-native form of rewards, typically offered through tokens, stablecoins, or NFTs.
How Cashback Works in Web3:
On-Chain Transactions: When users interact with a dApp (e.g. swap tokens, provide liquidity, or make purchases), the smart contract can automatically issue cashback rewards.
Token Rewards: Instead of fiat, users receive native tokens or governance tokens from the platform (e.g., UNI, CAKE, or other project tokens).
Staking & Farming Bonuses: Some platforms offer cashback in the form of boosted yields or additional staking rewards.
NFT-based Cashback: In some cases, holding a certain NFT (like a loyalty badge) gives you automatic cashback or fee rebates when using a platform. 1 reply
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