Designing Sustainable Incentives

Nik Pleitkos, Head of DeFi at Fuel Network, at Safary’s Web3 Growth Summit

Welcome to episode four of the Web3 Growth Podcast! 🦁 Listen on Spotify 🎧

We interview the best growth operators about their growth strategies, challenges, and tech stacks to give you the insights you need to grow your business in web3 & beyond.

This episode was recorded during Safary’s inaugural web3 growth summit in February 2024, hosted by Safary & supported by Hype and Saison Capital. The summit featured 10 panels with over 25 growth leaders sharing what it truly means to grow in web3

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Eric Hendrickus (left) and Nik Pletikos (right) speaking at Safary’s Web3 Growth Summit in February 2024

Designing Sustainable Incentives is a fireside chat between:

• Eric Hendrickus, Head of Strategy and Corporate Development at Mythic Protocol – focusing on innovative blockchain solutions for collaborative entertainment

• Nik Pletikos, Head of DeFi at Fuel Network — an operating system purpose-built for Ethereum rollups

The dialogue centers on the delicate balance between offering initial high rewards to drive participation and maintaining long-term value sustainability in tokens. The pros and cons of fixed versus unlimited token supplies are explored, with a focus on the strategic necessity for clear long-term planning to prevent common downfalls such as post-launch token value depreciation.

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Episode Timeline

[00:00:06] Introduction to Tokenomics and Incentive Design

[00:02:00] Early Rewards and Inflation Risks

[00:04:00] Fixed vs Unlimited Token Supplies

[00:06:00] Post-Launch Token Valuation

[00:08:00] Token Utility and Fundamental Demand

[00:12:35] Supply and Demand Balance in Token Economics

[00:14:35] Mythic Protocol’s Upcoming Testnet and Mainnet

[00:16:00] Gameplay Test Announcement for Mythic Protocol