Real-world liquidity mining: lessons learned from Jet.com
Jul 3, 2020 ⋅ 6 min read
Lending platform Compound recently launched a liquidity mining program where lenders and borrowers on the platform would be rewarded in the native COMP token. This innovative approach incentivizes users to the platform and proved to be highly effective as total value locked increased by a factor of 6. However, it also showed it could be highly gameable. Looking at historical approaches to similar efforts can shed light on the best way to run similar programs in the future.
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