I'm not convinced Velo bribes work for sticky liquidity. Agreed they're definitely better than direct payment a la food coins, but CRV become massive bc it had a marginally better model than the extant 2020 tokenomic distribution models for organizations.
then CVX comes along and gave veCRV holders liquidity again and everybody went crazy on it. Turns out ppl talk about the long-game with ve model but most don't actually want to wait for it (VC model).
veVELO is same tokenomic model but for a noncorrelated assets, bribes have shot up but have fees earned raised equivalently? Obv more bribes is better for those who can tolerate the risks and LP but spending more of your native token that will be inevitably dumped on the farside of LP incentives doesn't seem worth it for organizations.
all this is to say, I'm not convinced that increased incentives are good for the organization as opposed to looking for other ways to multiply liquidity spend.
I'm not convinced Velo bribes work for sticky liquidity. Agreed they're definitely better than direct payment a la food coins, but CRV become massive bc it had a marginally better model than the extant 2020 tokenomic distribution models for organizations.
then CVX comes along and gave veCRV holders liquidity again and everybody went crazy on it. Turns out ppl talk about the long-game with ve model but most don't actually want to wait for it (VC model).
veVELO is same tokenomic model but for a noncorrelated assets, bribes have shot up but have fees earned raised equivalently? Obv more bribes is better for those who can tolerate the risks and LP but spending more of your native token that will be inevitably dumped on the farside of LP incentives doesn't seem worth it for organizations.
all this is to say, I'm not convinced that increased incentives are good for the organization as opposed to looking for other ways to multiply liquidity spend.