Datamine Core Ledger Reveals New On-Chain User Patterns
💡 AI Article Summary
Enhancing On-Chain Analytics with Core Ledger Updates
To better analyze user behaviors, Datamine Network is updating its core ledger tracking. The previous "DAM Lock-in" metric is being split into "New DAM Lock-in" and "DAM Re-lock #X." These new filters will help the ecosystem identify exactly when new participants join versus when existing users commit further liquidity.
Three Rising On-Chain Demand Patterns
The ledger updates highlight three distinct, unforecasted user behaviors that drive organic ecosystem demand:
- Upgraded Re-locking: Despite the reset of the time-bonus multiplier, users are unlocking and re-locking even larger amounts of DAM to maximize future yields.
- The Permaburn Effect: Users are unlocking DAM but leaving burned FLUX permanently trapped within the contract address. This "Permaburn" mechanism creates a highly sticky user base, as users commit permanently to their initial burn strategy.
- Overburning: Even with a 10x maximum burn ratio cap, active validators are choosing to burn more FLUX than required, removing additional supply from circulation.
With 72.42% of all DAM locked to mint FLUX, these emerging patterns validate the robust design and growing demand verticals of our decentralized monetary system.
Hey guys,
I am making a round of data point updates to the core ledger. First of all to help us identify new users better "DAM Lock-in" will be split up into two separate actions: "New DAM Lock-in" & "DAM Re-lock X". Both will be filterable so we can get an idea of when new users join & when an existing user re-locks.
There are a lot of interesting patterns forming that bring additional value into the ecosystem.
Pattern 1: Unlocking & Re-locking a higher amount of DAM
Even though there is a deterrent for unlocking DAM (As your time bonus resets) it seems that users in the ecosystem decide that it's better to unlock & re-lock a higher amount. With the new filters we'll be able to easily spot these
**Pattern 2: Burning & Unlocking DAM (Leaving burned FLUX trapped in the address forever). **
We call this action "Permaburn" currently tens of thousands of FLUX is perma-burned. We believe that this creates a very "sticky" product once you burn FLUX you are unlikely to unlock DAM as you've committed to burning.
Pattern 3: Overburning FLUX
We've capped max burn ratio at 10x and it seems that some users will burn more than the required FLUX amount resulting in extra
These patterns form extra demand in the ecosystem that was not forecasted in our original formulas. With 72.42% of DAM being lock-in to mint FLUX we're really excited to see these new demand verticals add to the overall demand.
We're not done with the DAM & FLUX analytics yet. There is still lots to break-down with our new Core Ledger technology. Be sure to follow us for updates 🔥
Frequently Asked Questions
What is the difference between New DAM Lock-in and DAM Re-lock?
New DAM Lock-in tracks when a wallet locks DAM tokens for the first time, while DAM Re-lock monitors existing users who choose to re-lock their tokens, often with a higher balance.
What is Permaburn in the Datamine ecosystem?
Permaburn occurs when a user unlocks their DAM tokens but leaves their burned FLUX trapped in the smart contract address forever, permanently reducing the circulating FLUX supply.
Why do users overburn FLUX if there is a 10x cap?
While the maximum yield multiplier is capped at 10x, some users choose to burn extra FLUX, creating unique demand dynamics and helping to further lower the circulating token supply.
· hodlforjesus · #dev-updates