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https://warpcast.com/~/channel/fabric
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Jonny Mack
@nonlinear.eth
how would you feel about a product that rewarded you with liquid tokens for using it, but every time you used a competitor's product, it divided future reward distributions by 50%? idea #2: same as above but opt-in. earn 1x rewards by default or 2x for putting a ring on it
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will
@w
details matter, esp what the token represents, blah blah blah BUT if using uber or lyft exclusively gave me free access to their equity i'd probably put a ring on it. that being said, it'd give me a ton of ~anxiety/anger if the one i was married to wasn't working (or really backed up) and i needed to get somewhere..
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will
@w
not able to quantify this but something does feel a bit wrong about it as a user. Like why are you so eager to lock me in, a bit of a turn off
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Jonny Mack
@nonlinear.eth
yeah i feel that too. i think the framing is wrong. it should be "earn EVEN MORE for being loyal". anything blocking exit is sus
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will
@w
yeah if scale of rewards increased with volume or something that would probably feel extra nice
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will
@w
might end up getting the shit farmed out of it, but in general if you're using a token to incentivize something i think you should be in a position where having the shit farmed out of it is a long term win (e.g. building some kind of flywheel or network effect)
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Jonny Mack
@nonlinear.eth
agreed. if the farming results in sustainable value accruing to the protocol then i think its win win. easier said than done
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will
@w
🫡 🫡
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