norules
485 posts

norules
@n0rulesnvr
picking up dollars in front of a stroller @polymarket













'Polymarket Rewards Farming' is a giant psyop by Polymarket KOLs likely paid for or heavily incentivized by Polymarket And its pretty clear why - LP is "getting paid to lose money", as I've been told by numerous market makers - all the LP leaderboards mispresent rewards as PNL and do not count for the capital loss traders encounter when they get filled on one side of their positions and then cant sell for a good price / before resolution - actual ROI is far less than presented, and for most traders negative. believing that the airdrop covers shortfall and more - market makers do not want to touch PMs because of the very real insider risk, both Poly & Kalshi had to give equity to MM's to get them to LP - effective LP is an incredibly complex system of automated checks and balances - low effort, profitable LP, is only viable if Polymarket sponsor deep rewards which is not financially viable for them long term Low liquidity is the #1 driver of the fee switch that's slowing being turned on for all polymarket markets Polymarket needs to somehow find millions of dollars every day to pay for the liquidity rewards of their markets to get more USDC on the books Unless a better solution can be found, Polymarket will tax users on every buy & sell to generate enough revenue to satisfy investors and pay market makers And if they introduce fees on all markets, the average bettor would be better off on a traditional sportsbook than gambling on Polymarket - Same odds (after fees) - Clawback / cash incentives on sportsbooks - Regulated / reliable rules on sportsbooks - Insider traders get banned / arrested Here are some better solutions: - Generate revenue by taxing the bots that are extracting USDC from real users - Charge a 1% flat fee on profits ONLY (sell value - principal) - Create some LP pool derived of POLY token that is used to provide liquidity on markets programmatically. - Fees on extensions of the existing product, parlay / derivatives / leverage. Polymarket moat is not wide enough to give up one of its biggest value add: no fees & better odds.









Lots of controversy about today's Polymarket announcements. Dunno why people actually expected an airdrop/token announcement, they wouldn't tease it like that if it was. Regarding fees, makes sense for them to introduce fees. Crypto projects can't drop a useless government token anymore. Fees introduce real token utility in the form of rebates or buybacks. In the long term we want Polymarket to be sustainable. I don't understand the high fees on mention markets, a segment where their competitor is currently doing better and where they have room to grow. And while affiliates undoubtedly contribute to growth of the platform they've also led to a lot of criticism of the platform by people outside of our bubble. Personally I am hoping they won't overvalue refs. Some reflink spammer shouldn't get a higher allocation than people trading high volume for years on the platform. Majority of earnings from reffing should come directly from the affiliate rewards.


完全不必过度悲观! Polymarket 新推出的返佣激励与手续费策略,恰恰暴露了其对收入增长与估值突破的迫切需求 —— 隔壁 Kalshi 早已凭借年收入 15 亿 +拿下220 亿估值的新一轮融资,赛道竞争早已白热化。 而空投,正是成本最低、效率最高的增长营销工具,Hyperliquid 的 $HYPE 就是最好的佐证! 空投不仅是分发,更是用代币激励换来了用户、资金、交易量的三重爆炸式增长,为协议收入与估值打开了天花板。 所以也许大的要来了会比我们想象的快很多!






