Analysis of Initia's Bribery Mechanism and DeFi Sustainability Seeing Initia's bribery mechanism on CabalVIP, I couldn't help but recall the crazy feeling of early DeFi mining 💸 1. Bribery Mechanism Data and Efficiency This data is truly eye-catching: with a funding base of $1.8 million, the annual bribery yield reaches $550,000, with a bribery efficiency of 600%! What does that mean? It means that for every $1 you bribe, you can get back $6. 2. Mechanism Design and Positive Cycle I took a close look at their mechanism design and found that this gameplay is indeed interesting: sxINIT Pool: 80% APR, but requires locking, suitable for long-term optimistic players. LP Pool: 57% APR, no locking restrictions, and you can also earn trading fees. The foundation directly injected 21,000 INIT to match the bribes, which is actually a smart move. It's not just about throwing money around, but about building a positive cycle: Bribery increases liquidity → Liquidity attracts more users →...
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