0xJeff@0xJeff
DeFi Tokenomics is coming to AI
Venice introduced DIEM → stake VVV, earn ~18% APY and mint DIEM, tokenized inference credit that generates $1/day in platform credits till perpetuity.
BUT, there are many people who minted DIEM but has no use for it. $1/day just goes to waste. AntSeed built on this premise, takes the $1/day inference credit, and sell it to AI users who're interested in discounted credits.
Yields for DIEM owners, cheaper inference for AI users, yields on top of yields for VVV stakers.
Dolphin pushes the design space a step further:
- Perpetual inference credits accrue directly to POD
- Node operators, validators, investors align interests by staking
- Staking auto-compound yields from network buybacks
- The longer the stake, the higher the multiplier for node rewards
- Unstaking triggers 3 months of lockup
There's veCRV-like mechanic where stakers will be able to re-direct their unused inference credits to other people — instead of bribe market for voting power, we're getting bribe market for inference.
My Idea:
Just like when Penpie & Equilibria were building on top of Pendle's vePENDLE (2023-25), governance aggregators could accumulate POD, stake them, create liquid wrappers/maximize yields for stakers via the bribe market.
Pendle itself could list both DIEM & POD in the future, and create PT/YT markets where investors can speculate on yields with YT if they think inference demand is high OR fixed the yields with PT if they think inference demand is going down.
Looping strategy could also be built around PTs (or around original assets directly), essentially enabling leverage inference farming
Cool DeFi tokenomics design is definitely coming back