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 🔥