The Web3 industry enters the era of excess in block space, reshaping ecological incentive models

With the improvement of scalability solutions and the rise of application chains, the Web3 industry has entered a stage of oversupply in the block space. The supply-side economics concept long upheld by the Ethereum community seems no longer applicable to the current environment.

The previous approach of indiscriminately encouraging developers, regardless of quality, has proven to be limited in effectiveness. Even projects with very few users and lacking growth potential can receive indiscriminate support. The drawbacks of this practice have become increasingly apparent, and the funding programs of certain well-known public chains have even become synonymous with governance corruption and breeding grounds for zombie applications.

In the context of the rapidly changing global political and economic landscape, the cryptocurrency industry is also accelerating into maturity, about to usher in a true era of large-scale application. The focus of industry development has shifted from pleasing investors and tech giants to meeting the needs of consumers and ordinary users. Projects and developers who can recognize this trend early will gain a first-mover advantage in the new era.

A certain cross-chain ecosystem has always been at the forefront of the Ethereum community. The modular solutions launched previously have led the industry development, and now it has made breakthroughs in the field of chain abstraction. Its latest launched stakeholder program (VIP) has attracted widespread attention.

The core idea of the plan is to rebalance the interests of all parties in the ecosystem, including application chains, verification nodes, and end users. It encourages all parties to responsibly participate in the consensus maintenance and governance decisions of the main chain and to make reasonable use of Block space resources. In terms of specific design, the plan draws on the token economic models of leading projects in the industry, skillfully integrating the Ve(3,3) mechanism and the two innovations of native token custody.

Unlike traditional proof-of-stake chains, this project rewards validating nodes while also directly distributing locked token rewards to application chains and regular users. Users need to maintain their activity to fully unlock these rewards, or they can choose to stake them in the liquidity pools on the main chain, thereby enhancing the overall liquidity, interoperability, and security of the ecosystem.

This design aims to establish its native token as the foundational currency of the ecosystem while striving to achieve a balance of interests among verification nodes, application chains, and ordinary users. At the same time, it attempts to avoid the drawbacks of fragmentation in certain cross-chain ecosystems and the asymmetric incentive mechanisms present in the Ethereum ecosystem.