I’ll admit it up front. I hadn’t been paying much attention to Initia until recently.
When Facundo dropped his deep dive on their approach to appchains, I skimmed it, became somewhat curious, but ultimately moved on fairly quickly. It wasn’t until I saw Delphi listed as a leading validator and realized many of the leading rollups were games that I circled back.
At the center of Initia’s incentive structure is their Vested Interest Program (VIP). 25% of the token supply has been allocated to rollups within the network, and the vast majority of that amount will be distributed based on active onchain engagement. With their token INIT hovering around $1.20, that’s potentially over $300 million in lifetime rewards. Let’s have a look at how that’s broken down.
Each 2-week-long epoch is split into three distinct parts. First is allocation, which determines how much esINIT (escr
...