Spent the last day digging into @magpieprotocol
And need to admit that their $FLY token model got a different flavor compared to what we’ve seen lately in the @SonicLabs eco.
What stood out to me:
→ emissions tied totradingactivity, not just LPs
→ vote power impacts fees + slippage where you trade most
→ staking rewards scale with how much value you actually drive
→ holders have passive options too via FLY33
it’s rare to see a token model that builds around active users instead of passive capital
Feels like real thought went into aligning incentives here
One to keep watching!
From X
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