The Tokenomics Episode: Why ‘EIP 1559 Is Like Catnip for Investors’ - Ep.292

Two tokenomics experts, Yan Liberman, co-founder of Delphi Digital, and Viktor Bunin, protocol specialist at Coinbase Cloud, discuss their experiences building tokens, their thoughts on the recent ENS/PSP airdrops, and what “fair” token distribution looks like. Show highlights: the definition of tokenomics what factors (such as utility, fairness, liquidity, security, etc.) token designers are incentivizing for what Yan learned from helping design Astroport tokenomics what Vikor learned from helping design Threshold, the token that was built to facilitate the merge of NuCypher and Keep how the EIP 1559 burn has changed Ethereum’s tokenomics how EIP 1559 has improved investor outlook for Ethereum why Viktor is worried about people actually using Ethereum going forward what Viktor and Yan think about how the ENS airdrop farming issue was handled what Viktor and Yan think about ParaSwap’s PSP airdrop and why Viktor thinks ParaSwap made a “mistake” how Viktor and Yan would go about airdropping a token to good actors instead of bad actors how improvements in on-chain identity could help future airdrops fair launch tokens versus VC-backed tokens what the definition of fair is in terms of tokenomics why Viktor thinks a token’s distribution is more important than a token’s launch what could be the optimal way to distribute liquidity mining rewards how community affects tokenomics how to incentivize NFT-based tokens, like the forthcoming Bored Ape Yacht Club token, for the right goals Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Nodle: https://bit.ly/3AXGydJ Yan Liberman -- co founder at Delphi Digital LinkedIn: https://www.linkedin.com/in/yanliberman Twitter: https://twitter.com/yanliberman Viktor Bunin -- protocol specialist at Coinbase (Bison Trails) LinkedIn: https://www.linkedin.com/in/viktorbunin Twitter: https://twitter.com/ViktorBunin Tokenomics 101 Primers: The Tie: https://research.thetie.io/token-economics/ Smith and Crown: https://smithandcrown.com/research/issues-of-fairness-in-token-distribution/ A Timeline of Token Distributions: https://blog.coinlist.co/the-evolution-of-token-distribution-models/ Recent Airdrops + Airdrop farming PSP: https://medium.com/paraswap/introducing-the-psp-token-to-make-paraswap-even-more-efficient-and-decentralized-c4730e50be72 ENS: https://twitter.com/ensdomains/status/1457862602239926274 https://twitter.com/nicksdjohnson/status/1456424366850281488 Airdrop Farming Potential airdrops coming up: https://www.coindesk.com/business/2021/11/09/missed-the-ens-airdrop-here-are-the-crypto-projects-rumored-to-decentralize-next/ https://newsletter.banklesshq.com/p/the-ultimate-guide-to-airdrops https://www.trustnodes.com/2021/11/14/ethereans-sneak-to-zksync-for-airdrop-farming PSP drop w/ heavy requirements ​https://www.coindesk.com/tech/2021/11/15/dex-aggregator-paraswap-launches-psp-token-on-heels-of-ens-airdrop-excitement/ ENS Blacklist https://twitter.com/nicksdjohnson/status/1456048492141441027 Topics Mentioned Astroport tokenomics https://astroport.medium.com/hello-astro-announcing-the-astroport-governance-token-drops-a07a1bf3ed94 NuCypher + Keep merge https://decrypt.co/73800/forget-hard-fork-what-happens-after-kee-nucypher-hard-merge SushiSwap vampire attack https://finematics.com/vampire-attack-sushiswap-explained/ Tokemak tokenomics https://medium.com/the-capital/defi-2-0-is-it-the-next-wave-of-cryptocurrency-4499e838ea44 Miscellaneous What is liquidity mining? https://medium.com/coinmonks/what-is-liquidity-mining-and-how-does-it-work-d0ab491e607 The Internet of Money (recommended by Viktor) https://theinternetofmoney.info/ Other Fun Topics How Token Governance Mechanisms can be implemented https://outlierventures.io/research/what-is-the-secret-to-building-valuable-tokens-part-2/ Crypto Gaming economics https://outlierventures.io/research/p2e-2-0-a-new-economic-model-for-gaming-based-on-crypto-tokens/ Does farming represent progress in token distribution? https://smithandcrown.com/research/adaptations-in-token-distribution-mechanisms-does-farming-represent-progress/ Should treasuries hold native tokens? https://twitter.com/AntonioMJuliano/status/1460278949867442182 Learn more about your ad choices. Visit megaphone.fm/adchoices