The Fantom Foundation is going to incentivise projects to first draw in the TVL through building great products. If you’re a protocol team, we’ll reward you for sustaining and increasing your TVL on Fantom.
Structuring an incentivisation program in a way that it pays the protocols rather than the users is the route in which Fantom has taken to draw in new users to their ecosystem through a build-first approach.Īnnouncing a 370 million FTM incentive program for builders! The only problem I have with it is that there are huge funds that will take advantage of this and in my opinion do more harm than good for emerging protocols… Protocols and projects giving back to their existing and newfound users is such a cool thing. I am all for it and think these are great initiatives. There are A LOT of incentivisation rewards being thrown around at the minute with every chain basically following suit and splashing the cash to draw in users to their ecosystems and rewarding them through liquidity mining and other yield-bearing incentives. I’m super excited to see where we finally end up in this new DeFi paradigm, projects with longevity in mind and sustainable protocols will come out trumps in my opinion. I really need to get that cough checked out. The multichain world has been welcomed with open arms and has finally enabled users to participate in DeFi, in a secure, non-CeDeFi (ahem…BSC…cough cough…) environment and without having to sell an organ to make a trade (ahem… Ethereum… cough cough…).
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