On point, as usual! Thank you for joining the discussion and helping us refocus here with a re-examination of what we want to incentivize. Here is my thinking and preferences below for #2 and #3.
I think the fundamental issue is that “growth” has remained the exclusive driver of rewards, despite even at the inception of CAR the realization that we do want to (and must) incentivize other behaviors to build healthy creator economies. As we discussed last November: Proposal - Community Activity Rewards , or as Kevin put it there “usage by token Creators and their communities is ultimately what will drive long term success of the network.”
I trust your analysis and consideration of circulating supply and mainnet liquidity and liquidity mining incentives to make suggestions here.
Sustainable growth as measured by RLY backing, user/fan growth, campaign redemptions, donations received, measurable usage of passive benefits (ex: gated discord channel user count, twitch channel subscriptions, innovative use cases.
Engagement with creator as measured by long term holding, campaign redemptions, donations, CC holdings measured by RLY backing.
Perhaps, but I also believe that some data analysis could also help us re-evaluate the allocation of those rewards emission between Growth and other behaviors we want to incentivize across #2/3, such as usage. For instance, what insights can we draw from campaign redemptions and donations at the Creator level. Setting aside for the moment passive holding benefit usage that is difficult to quantify. How many fans in the user base are engaging with these features and to what extent?
Then maybe look at something like where do the top creators as measured by donations/campaign redemptions stack up in the total CAR rewards. Are we seeing any trends in the economies that leverage these features that might not be present in economies that exclusively feature passive benefits? I do think answering these questions can help us with the tuning of rewards emissions between the incentives that we identify.
That’s what I think! I also would add that this problem is so challenging as is, that the community might benefit from a virtual working session to explore these questions (and the many responses above) in real time to compliment all the weighing in here with forum posts…if you or the team or Delphi or some combination would be up for hosting one.
Cheers,
Grand