Reward measurable progress: Gradual token releases for milestone achievements
@CarrotEth's KPI token adds performance-based rewards to your workflow
@hedgeyfinance's time-lock tool releases them on your schedule
Grants, vesting, and more... Do it all with Carrot and Hedgey.
Just returned from an unforgettable experience in a city that has it all.
@dappcon_berlin exceeded our expectations: amazing people, inspiring presentations and fantastic food.
It was a remarkable event. Until next time, Auf Wiedersehen!
We're heading to Berlin for @BerBlockWeek.
We'll be at @dappcon_berlin, @safe{Con}2, and other side events, looking forward to reconnecting with our old mates.
If you'd like to meet up, our DMs are always open.
For three months, we've been hard at work and we're celebrating!
Today, we deployed our contract on Sepolia.
Test campaigns are incoming over the next week or so.
You can check it out here:
https://t.co/XMLYXASxNb
To deliver the power of Carrot, we spoke to a lot of campaign creators.
"Efficient, frictionless, and easy-to-use" is what we heard the most.
We combined this feedback with Carrot's mission to make incentives efficient and we built Metrom, our standalone CL AMM platform.
It's an easy-to-use tool for concentrated liquidity AMM incentivization.
Born from the idea of Carrot, it focuses on incentivizing efficiency and effectiveness in web3.
It builds on our previous DIY Liquidity Campaigns experience, simplifying the process down to 3 steps.
Web3 Hot topic: Incentivizing community engagement.
Until now, on-chain, performance-based, and time-locked rewards were only a dream.
It's real now with @hedgeyfinance and @CarrotEth.
Rewarding measurable progress is now so easy, anyone can do it.
Set your release schedule:
Reward measurable progress: Gradual token releases for milestone achievements
@CarrotEth's KPI token adds performance-based rewards to your workflow
@hedgeyfinance's time-lock tool releases them on your schedule
Grants, vesting, and more... Do it all with Carrot and Hedgey.
@CarrotEth's KPI token with dual capabilities:
• Incentivizing action through goal-defined funding
• Protecting capital when goals are not met
@hedgeyfinance: Effortless time-lock token distribution; onchain and 100% free.
How to get started:
https://t.co/sTHnJogdr8
Reward measurable progress: Gradual token releases for milestone achievements
@CarrotEth's KPI token adds performance-based rewards to your workflow
@hedgeyfinance's time-lock tool releases them on your schedule
Grants, vesting, and more... Do it all with Carrot and Hedgey.
🌟 Another week of progress at Carrot, updates in our biweekly sprint! Here's what we've achieved:
• 🔍 Working on a feature where campaign creators can save a draft version of the campaign.
• 🧪 Conducted thorough testing on Polygon Mumbai and with the Defillama API to ensure that the redeem based on conditions works great. It was fun to run this as a demo to a few people.
• 🖌️ Implemented further UI improvements in the campaign creation form and campaign page for better usability.
Keep an eye out bunnies!!
🚀 Diving into our latest Carrot updates in our biweekly sprint - here's what's new and exciting! 🌟
🌐 @DefiLlama Focused Developments:
• We've launched a brand new oracle template that connects TVL metrics directly to Carrot campaigns.
• The DefiLlama answerer is being refined for better indexing and finalizing of oracles, integrating dynamic TVL data seamlessly.
🛠️ Infrastructure & Testing Enhancements:
• Our infrastructure hosting the DefiLlama answerer and other services has received significant upgrades.
• Testing the new Defillama API integration on @0xPolygon Mumbai
• Continue the integration testing on @Scroll_ZKP Sepolia
🎨 UI and Design Improvements:
• We've implemented UI enhancements to simplify the campaign creation process.
• A fresh, new UI design for the campaign flow is in the works, focusing on intuitive and user-friendly experiences.
Every update brings us closer to revolutionizing #DeFi incentives, making Carrot a more intuitive, reliable, and integrated platform, bringing efficient incentivization to the projects.
Stay tuned for more exciting developments in our journey to innovate within the Web3 space! 🥕
Excited to get a nod from Bankless DAO for reimagining incentivization—a key in bear markets to maintain community engagement and project health. 🐻🥕Kudos to @banklessDAO for integrating goals into their grant approach.
🙏 A big shoutout to @george__mack for the thought-provoking list on incentives that inspired this thread. Check out the original post here: https://t.co/FnPHWMVwJ6
10 thoughts on incentives:
1. Don't ask your barber if you need a haircut.
2. "I can fix the $32 trillion US debt problem in 5 minutes. You pass a law that when there’s a deficit of more than 3% of GDP, all sitting members congress are ineligible for re-election” - Warren Buffett
3. 33% of British criminals were dying en route to Australia in the 1700s.
Britain switched from paying sea captains for every passenger who walked on the ship to paying them for every passenger who walked off.
Immediately, the survival rate shot up to 99%.
4. “Never attribute to conspiracy what is more easily explained by incentives and incompetence.” - @naval
5. “If you reward profits alone, it’s the dumbest thing you could do. Employees will quit advertising and start shrinking the business” - Buffett
6. If video games teach us one thing: If you want to motivate humans, frequent rewards are more addicting than one-off rewards.
7. “I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it. And never a year passes but I get some surprise that pushes my limit a little farther." - Munger
8. If the person tells you why their city, relationship, or job is great - take it with a pinch of salt.
If they tell you why it's terrible - take it like a handful of gold.
If someone swims upstream against their identity or incentives, it probably holds some deep truth to it.
9. "Incentives are like magnets. An invisible but powerful pull." - @awilkinson
10. Skinner's Law:
If procrastinating, 2 ways to solve it:
Option 1 - Make the pain of inaction > Pain of action
Option 2 - Make the pleasure of action > Pleasure of inaction
The person with a gun to their head or crack cocaine at the finish line doesn't need motivation.
🥕 At Carrot, our mission revolves around incentives. We understand their power in driving behaviour and shaping outcomes. Here's a thread on why getting incentives right is crucial for any venture.