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

Unchained

English - November 23, 2021 08:30 - 1 hour - ★★★★★ - 1.2K ratings
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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

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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