X @IcoBeast.eth🦇🔊

Any incentive system is a time, value, effort, or risk arbitrage.At steady state, the user will always seek maximum incentive at lowest cost, but most projects/protocols/etc design these systems assuming users will not engage in exploitative behavior.Understand base human behavior and you will design better incentive systems. Mismatch the rewards to the underlying arbitrage cost and your system fails quickly.Not all users value the arbitrage in the same way - it largely depends on what they have an abundanc ...