Alright, we are concluding our incentives program on HawkFi.
Results:
Similar TVL as for the Orca incentives. I was planning on less incentives (35k → 20k), but AGAIN, the moment we start, CLOUD pumps…
I know unrelated… but…
The downside is that we’re trying to REDUCE incentives, and the price makes it so that it remains too high.
The reason we want to reduce incentives is because the current volume & TVL we are getting are ~way~ too expensive. We believe we can achieve the same volume & TVL with less incentives.
For now, we’ll stop the CLOUD reward, see how sticky the capital is, and most likely restart some incentives. We will continue to do small scale experiment to figure out what works and what doesn’t, while remaining efficient.
If we find something that works decently well, we’ll push for a CLOUD grant to scale it up. But for now, we prefer to operate this with full freedom so that we can try & fail faster.
All made possible thanks to the earnestness airdrop.