ELI5 the Incentive Pendulum.

18 Sep 2023, 16:41
ELI5 the Incentive Pendulum ⚖️ Block rewards & liquidity fees are split between Nodes & LPs depending on the ratio of security:liquidity to achieve economic security w/o capital inefficiency Overbonded? Rewards skew to LPs Underbonded? Rewards skew to Nodes Now favoring LPs