Incentive Design

I’m increasingly of the belief that incentive design is the most important problem to work on. Humans are good at overcoming obstacles when they have reason to do so — the worst problems tend to be ones of cooperation, not technological or scientific understanding.

reputation comes from sustained integrity over time this is where DAO contribution tracking, rewarding small, game-able actions, often gets it wrong

building sustainable networks in crypto is especially hard because the incentives are often short-term oriented 2 solutions to enable sustainable networks: - token streaming/vesting (ie. @Superfluid_HQ) - milestone based token rewards (ie. @UMAprotocol KPI... See more

airdrops are cool - we love the "free" $, but bootstrapping a community around a token drop does little more than gather a community of speculators, rather than actual users. 1) do token holders care about the community? 2) what utility is associated with holding the token?