Exploring Superfluid - Asset Streaming And A New Bold Approach
New is good! Superfluid is the money streaming protocol, and users earn every second. I used it in the past, and it looks like they've made a strong comeback. The new bold approach brings a protocol token and a new life for asset streaming.
Superfluid enables continuous liquidity and real-time yield through asset streaming. Unlike traditional DeFi platforms that pay out rewards at fixed intervals, Superfluid allows users to earn yield continuously! The users earn in real-time, as their assets flow through the system.
The protocol enables users to deposit assets into liquidity pools and receive rewards that are streamed instantly, rather than waiting for block confirmations or set pay-out periods. The idea is to make asset management and earnings much more dynamic and flexible, with liquidity flowing continuously and in small increments.
Superfluid's unique feature is its streaming protocol, which allows users to transfer assets in real-time. This could be useful in a variety of scenarios, including real-time payments, subscription models, or for providing liquidity to DeFi applications.
It’s also compatible with the NFT ecosystem, where creators can use Superfluid for continuous royalty payments or real-time transactions involving their digital assets. The protocol ensures instant settlement of transactions, bypassing the typical delays associated with waiting for blocks to be confirmed.
I had a look into the new dynamics after Layer3 added a Superfluid campaign in their Launchpad, with one of the quests invited the participants to mint the Ecosystem Reward Pass. This NFT sends a stream back to it's minter, ensuring a flow of rewards for the holder.
The $SUP token is the native governance token of the Superfluid protocol. As a governance token, $SUP allows holders to participate in decisions that shape the platform’s future, such as protocol upgrades or changes to key parameters. Token holders can vote on proposals that affect the direction of the protocol, and their participation helps secure and decentralize the network.
Additionally, $SUP can be staked to earn rewards, providing an incentive for users to lock their tokens into the ecosystem. Staking can also grant access to protocol fees or other benefits like reduced fees for users interacting with the platform.
By minting the Ecosystem Reward Pass I was eligible for $SUP rewards, at a starting rate of 517 tokens per month! Every time I use the Superfluid powered apps I earn more $SUP, growing the stream with every visit!
Beyond governance and staking, $SUP plays a key role in incentivizing liquidity provision. Users who participate in liquidity pools, yield farming, or other activities within the Superfluid ecosystem can earn $SUP tokens as rewards. The token can also be used to reduce fees for those actively participating in the platform, driving further adoption of the protocol.
Superfluid offers a revolutionary approach to DeFi by enabling real-time asset streaming, which allows users to earn yield continuously and transact with instant settlement. The $SUP token serves as both a governance mechanism and an incentive tool within the ecosystem, rewarding users who actively participate in liquidity provision and platform governance.
Checked the NFT stream after few weeks and it looks like the net flow increased, probably because more users minted their non-fungible tokens through the Layer3 campaign! Perpetual income at $0.46 per month is not much... but is honest work!
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