Crypto Incentive Models Are Broken | Weekly Roundup

Gm! In this episode, Jack and Mert discuss how betting rebranded to prediction markets, and potential SocialFi and prediction market crossovers! They also dove into the EigenLayer airdrop controversy, and the conflicts of interest associated with it. Additionally, they asked - do we need fewer tokens? Are current crypto incentive models broken? Finally, they discussed the pros and cons of crypto payment systems. Enjoy! Resources Unpacking a potential Polymarket ‘ban’: https://blockworks.co/news/unpacking-potential-polymarket-ban Coindesk: Top Crypto Startup Drove Other Projects’ Airdrops to its Employees: https://x.com/CoinDesk/status/1824067033350258815 EigenLayer’s Response to the Coindesk Article: https://x.com/eigenlayer/status/1824175022308724749 -- Follow Mert: https://x.com/0xMert_ Follow Jack: https://x.com/whosknave Follow Lightspeed: https://twitter.com/Lightspeedpodhq Subscribe to the Lightspeed Newsletter: https://blockworks.co/newsletter/lightspeed -- Access is the new way to support and consume content from your favorite creators. Over 140 subscriptions to select from, spanning from large crypto media to a long tail of talented independent researchers and artists. No paying for subscriptions. Simply stake, consume, and get rewarded. Claim your free subscription through this link. But be quick there is a limited number available! https://tiplink.io/f/2822-V0U0FYRTsGIR#expE3HuuYEpKUuo2-nSeNKZCB_BFWHaliw-uZbhhCnM – Step into MyPrize—the online multiplayer crypto casino that lets you battle your friends and play alongside creators. On MyPrize, you're invited to get rowdy and share every victory and defeat with your pals. Because we know the only thing more fun than beating the house is beating your friends. Get started now with a 150% deposit or purchase bonus: https://myprize.com/invite/Lightspeed -- Subscribe on YouTube: https://bit.ly/43o3Syk Subscribe on Apple: https://apple.co/3OhiXgV Subscribe on Spotify: https://spoti.fi/3OkF7PD Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Subscribe on YouTube: https://bit.ly/43o3Syk Subscribe on Apple: https://apple.co/3OhiXgV Subscribe on Spotify: https://spoti.fi/3OkF7PD Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- (00:00) Introduction (02:01) The Betting to Prediction Market Rebrand (19:08) SocialFi x Prediction Markets (22:04) Access Protocol Ad (22:46) MyPrize Ad (23:16) EigenLayer Airdrop Controversy (31:52) Do We Need Fewer Tokens? (38:27) The Future of Crypto Payments -- Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Jack, and our guests may hold positions in the companies, funds, or projects discussed.