Crypto Incentive Models Are Broken | Weekly Roundup

Lightspeed

Gm! In this episode, Jack and Mert discuss how betting rebranded to prediction markets, and potential SocialFi and prediction market crossovers! They also dove into the EigenLayer airdrop controversy, and the conflicts of interest associated with it. Additionally, they asked - do we need fewer tokens? Are current crypto incentive models broken? Finally, they discussed the pros and cons of crypto payment systems. Enjoy!

Resources

Unpacking a potential Polymarket ‘ban’: https://blockworks.co/news/unpacking-potential-polymarket-ban

Coindesk: Top Crypto Startup Drove Other Projects’ Airdrops to its Employees: https://x.com/CoinDesk/status/1824067033350258815

EigenLayer’s Response to the Coindesk Article: https://x.com/eigenlayer/status/1824175022308724749

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Subscribe on Apple: https://apple.co/3OhiXgV

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

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(00:00) Introduction

(02:01) The Betting to Prediction Market Rebrand

(19:08) SocialFi x Prediction Markets

(22:04) Access Protocol Ad

(22:46) MyPrize Ad

(23:16) EigenLayer Airdrop Controversy

(31:52) Do We Need Fewer Tokens?

(38:27) The Future of Crypto Payments

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Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Jack, and our guests may hold positions in the companies, funds, or projects discussed.