Hype's buyback model is the most crucial and fairest distribution method. Meanwhile, the veToken model, which was hyped up in the early years, is the biggest scam in the DeFi space.

Curve - Who's clicking on me?

veToken is just the first hurdle 😆

The logic is essentially the same: subsidies are used to manipulate the market on the platform. However, the directions are reversed: one incentivizes profit sharing, while the other uses buybacks. Curve aims to incentivize market manipulators to issue more tokens; Hype aims to retain market makers tied to it. Curve's main problem is the high difficulty and slow production speed in calculating stable tokens. Bera also failed due to this logistical issue, not just a problem with VeToken.

On the surface, this seems reasonable – incentivizing the issuance of tokens without any issues. However, behind the scenes, through staking massive amounts of reserved tokens, rent-seeking via splitting schemes, and controlling governance, the incentives intended for market manipulators are effectively pocketed.

Regardless of whether he's trying to cash out, he needs to control the market. Honestly, unless they're acting in concert, they can't control any project without doing this. This isn't a problem with the mechanism; it's a problem with the group controlling the market. Their internal structure isn't strong enough; to involve external forces, this is bound to happen.