ChainCatcher news, UTXO Stack announces its official transformation into a Lightning Network staking layer. It aims to provide better liquidity and a better yield model for the Lightning Network through a decentralized staking protocol.At the same time, UTXO Stack plans to launch a token incentive mechanism to encourage staking of CKB and BTC to enhance the liquidity of state channels. This transformation will push the Lightning Network towards the public by providing liquidity incentives, building a more scalable Bitcoin ecosystem.

ChainCatcher message, UniSat has released important updates regarding the Swap product on its official website. The announcement states that after extensive testing over the past year and a half, the team has preliminarily verified that the product can operate normally on the Bitcoin mainnet. Most of the engineering work for the Swap module has been completed, and the remaining work mainly involves assisting indexers, other than the UniSat Indexer, to effectively identify and calculate inscriptions related to the swap module.In addition to advancing the standardization of swaps, the team has also made progress in systematically scaling Bitcoin through a method called Fractal Bitcoin. Given the current progress, the team is very confident in delivering Fractal Bitcoin in September. On Fractal Bitcoin, the official will provide a swap product called Fractal Swap, which has the same functionality as the mainnet swap module, ensuring that projects on Fractal Bitcoin have good liquidity from the start. In subsequent iterations, BTC and other mainnet assets can also exist as brc-20 wrapped assets on Fractal Bitcoin, providing greater flexibility.Finally, the official stated that more details about this incentive model will be released in the near future.

ChainCatcher news, the official Degen project of the Farcaster ecosystem Meme coin stated on the X platform that after listening to community feedback, they realized that the current reward incentive policy is not effective. They are currently developing a new incentive mechanism to reward long-term members and reduce farming behavior. They will quickly iterate and improve in the next season's activities to curb token farming behavior.In addition, the official clarified that the future system will require users to demonstrate their commitment to the Degen project by locking or staking, aiming to reward those who hold DEGEN tokens for the long term. The corresponding incentive mechanism is currently under development.

ChainCatcher news, Sandbox founder Sébastien Borget stated at last week's NFT Paris conference that Web3 gamers have "lost patience" with games that deploy token incentive models without actual utility.Borget believes that many blockchain games have deployed similar token incentive mechanisms, but the "delivery speed" regarding the utility of in-game tokens and NFTs is "not fast enough." Only a very few projects with actual gameplay and real utility have withstood the bear market, and he further pointed out that the current wave of Web3 games allows players to gain core gameplay from jumping, rather than "enticing players to buy tokens."

ChainCatcher news, BitMEX co-founder Arthur Hayes, in his latest blog post, delves into the evolution of ownership structures and fundraising methods in crypto projects. Hayes explores how the business model of the historical East India Company compares to the operation of modern crypto projects, discussing how the progression from Bitcoin to Initial Coin Offerings (ICOs), yield farming, and the latest points systems has become a natural evolution for user participation and fundraising.Hayes emphasizes the fundamental differences in fundraising and attracting users between Web 2.0 and Web 3.0 projects, particularly in crypto projects where holding tokens or points allows users to directly participate in the ownership of the project, marking a significant paradigm shift. He believes that the emergence of Bitcoin signifies a new beginning where participation equates to ownership. Subsequently, ICOs as an early fundraising method allowed retail investors to participate early, while yield farming further incentivized participation by rewarding users for directly using the protocol.According to Hayes' analysis, the latest points systems combine the strengths of both ICOs and yield farming. This system creates a more flexible and sustainable incentive mechanism by issuing points to users who interact with the protocol, which may potentially convert to tokens in the future. Hayes argues that this approach not only effectively attracts and retains users but may also provide a fairer way for retail investors to participate in projects at a lower cost in the early stages.Additionally, Hayes mentions the potential impact of points systems on the fundraising strategies of crypto projects, noting that this could reduce reliance on venture capital and high-net-worth investors for pre-sale tokens. He emphasizes that the success of such systems relies on a high level of trust between project founders and users, while also cautioning about the potential risks and misconduct that may arise.