Description
Current liquidity incentive designs treat all liquidity providers as fully fungible and interchangeable, ignoring the growing amount of history demonstrating how accounts behave over time. This is a direct result of blockchain architecture, where aside from current contract storage values there is no concept of "history". All of DeFi has therefore been developed around the concept of "what is your current token balance, right now". Data derived from account history could be truly useful if easily accessible onchain. For example, imagine governance that weighted votes based on how long an account has continuously held the governance token used for voting.
Current liquidity incentive designs treat all liquidity providers as fully fungible and interchangeable, ignoring the growing amount of history demonstrating how accounts behave over time. This is a direct result of blockchain architecture, where aside from current contract storage values there is no concept of "history". All of DeFi has therefore been developed around the concept of "what is your current token balance, right now". Data derived from account history could be truly useful if easily accessible onchain. For example, imagine governance that weighted votes based on how long an account has continuously held the governance token used for voting.
