Midnight Protocol: Designing Rational Incentives for Resource-Generating Systems
Midnight’s incentive design and couldn’t tell where the real pressure sits. If tokens generate resources, then incentives aren’t about spending, they’re about sustaining output. What I’m watching is whether that aligns behavior or drifts. If capacity keeps getting used and participants stay, it works. If generation outpaces demand, the design looks rational, but usage still needs proof.