2026-01-05 23:23:07

Modern liquidity pools have evolved into something quite different from traditional yield farming. Today's LPs aren't simply chasing emission rewards anymore.

Instead, they're gaining exposure to multiple revenue streams:
• Performance gains from active market-making
• Yield generated through collateral positions
• A share of protocol exchange fees

This shift fundamentally changes the investment profile. Rather than betting on token inflation and emissions, LPs are essentially acquiring a stake in the exchange infrastructure itself—more akin to holding equity in an exchange's operational income than providing basic liquidity.

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MetaLord420

· 12h ago

To be honest, the current way of playing LP has indeed changed, and it's no longer just about chasing emission rewards. Earning from multiple streams is definitely attractive, but the risks involved in this mode also need to be carefully considered.

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PaperHandsCriminal

· 20h ago

Sounds nice, but isn't it just another way to scam retail investors...

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BlockImposter

· 01-05 23:52

NGL, this is the awakening moment of liquidity mining, from gambling on token inflation to truly becoming shareholders of trading infrastructure... finally someone has spoken out.

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DaoResearcher

· 01-05 23:50

According to the white paper, this is essentially a structural shift from the perspective of Token economics—evolving from simple emission farming to infrastructure equity ownership. It is worth noting that there are hidden issues of incentive incompatibility within this.

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BlockchainGriller

· 01-05 23:50

I'm tired of that emission chasing game already; now this multiple income streams setup is the real deal.

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DataBartender