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incentive

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first_img Circular Founder: Axiom's validator bribes received through Lunar are only about 1% traceable to on-chain incentives

The founder of the Solana landing service analysis platform Circular, Ben, stated that he believes the trading terminal Axiom charges traders through misleading "validator bribes" and routes the related funds to the landing service Lunar under HelloMoon. Ben mentioned that since April, the bribes paid by Axiom traders to Lunar amount to approximately $55.7 million, but the latest 30-day analysis shows that only about 1% can be traced back to additional on-chain validator incentives, and he inquired whether Axiom shares in this tip revenue.Circular claims that it reconstructed the activities related to Lunar and Axiom from April 26, 2026, to October 19, based on on-chain payment flows: during this period, Lunar received 530,166 SOL in bribes, valued at approximately $55.67 million based on its quoted price of $105/SOL, corresponding to 189 million successful payments of bribes to Lunar from Axiom transactions. In the last 30 days, 45 million Axiom transactions made payments to Lunar, accounting for 80.6% of successful Axiom transactions; Lunar received 138,964 SOL, approximately $14.59 million, of which about 1,579 SOL was attributed to additional on-chain validator incentives, accounting for 1.14%.Ben also cited on-chain cases from September 26 and October 7, stating that after he paid bribes as suggested by the Axiom interface, the identifiable additional priority fee increase was about 1% of the amount paid to Lunar. He indicated that Axiom controls transaction routing and fee recommendations and has published its associated Lunar address on GitHub for verification. The above content represents Circular's on-chain statistics and personal judgment, and the post also states that the related proportions do not exclude other service costs or off-chain payments, and its estimate of the platform's revenue share is not based on tracked payments to Axiom.

first_img Zama: Merkl confidential incentive rewards are now available for collection

On October 19, the team from the fully homomorphic encryption company Zama announced that users participating in the incentive distribution platform Merkl on the Zama confidential vault can now directly receive cZAMA rewards in the Zama app. The rewards are settled through confidential transfers, and both the positions and the reward amounts remain confidential from deposit to distribution.In September 2026, Zama launched confidential access to 16 selected vaults on the lending protocol Morpho and initiated the first batch of confidential incentives with Merkl, where rewards are calculated based on encrypted balances. When depositing into eligible vaults, users can activate additional incentive options, granting viewing permissions for Merkl to read encrypted balances to calculate rewards without disclosing personal positions. This permission is enabled by default on the deposit interface, and deposits not shared with Merkl do not qualify for incentives.Confidential vaults accumulate based on the user's confidential vault shares and can be claimed during the ongoing activity; existing public vaults with confidential access have rewards collectively obtained by the vault packaging contracts, which are distributed after the activity ends. Zama recommends claiming confidential activities at the end to reduce multiple on-chain fees. Taking the Flowdesk Confidential High Yield USDT vault on Morpho as an example, the related activity ended on October 12, and eligible depositors can now claim their rewards. Users need to check their earnings in Merkl using their wallet and complete the claim in the Zama app by connecting the same wallet; the amount received will not be publicly disclosed on-chain.

first_img Volcano Engine launched the Seedance AI drama incentive program, with a maximum of 200,000 yuan per project

Phoenix Technology reported that on October 19, ByteDance's cloud and AI service platform Volcano Engine launched the Seedance Premium AI Drama Incentive Program, providing financial incentives for premium AI short dramas produced using Seedance and launched on the Hongguo Short Drama App. This program excludes live-action dramas and is only open to AI comics, AI simulated dramas, and other AI-generated forms. The video content of the submitted works must be entirely produced using Seedance, with the usage of Seedance 2.5 accounting for more than 50%, and the generation format through API or tool platforms is not limited.Works must rank within the top 50 AI dramas of the month based on Hongguo's popularity index and pass the review. The applicant can be a company or an individual and must ensure that the information is true and complete. The incentives are divided into three tiers based on monthly rankings: for TOP 1 to TOP 10, 200,000 yuan per work; for TOP 11 to TOP 20, 100,000 yuan per work; for TOP 21 to TOP 50, 50,000 yuan per work. The distribution method is 50% cash plus 50% equivalent vouchers. The vouchers can be chosen by the applicant at the time of registration from three options, including an equivalent Volcano Ark API Token, equivalent "Drama Creation" usage rights, or equivalent "Comic Creation Tool" usage rights. Selected works must cooperate to complete the verification of the work and generation records, and if necessary, submit original generation materials. Those who do not pass the verification or have false declarations will be disqualified from receiving incentives. The deadline for the first phase of the activity is January 31, 2027.

first_img Metaplanet CEO responds to equity incentive doubts, shareholders say key issues remain unresolved

The CEO of Bitcoin Reserve Company Metaplanet, Simon Gerovich, posted on the X platform in response to the controversy surrounding the company's equity incentive plan and MMXX Ventures. Gerovich admitted that the company "failed to adequately explain" the incentive arrangement known as "Series 10 Stock Options" and stated that he is a "significant but non-controlling shareholder" of MMXX's parent company, not involved in its trading decisions.The controversy stems from a stock rights plan established in December 2022, with a reward pool set at 20% of Metaplanet's fully diluted equity. After shifting to a Bitcoin reserve strategy in April 2024, the company dilutes existing shareholders with each new share issuance, while Gerovich's option rights increase accordingly. On August 18, the board canceled the floating adjustment mechanism, fixing the Series 10 pool at 319 million shares and setting a five-year lock-up period, but did not restore the reward pool to the level it was at when the Bitcoin strategy was initiated. On August 28, Gerovich exercised 92,000 Series 10 options, acquiring 64 million new shares, and currently holds about 6.2% of the company; he and MMXX together hold over 27% of the fully diluted equity.Shareholders expressed dissatisfaction. A shareholder using the pseudonym The Bitcoin Pharaoh stated on X that the adjustments in August were "a step in the right direction," but demanded that Gerovich address the issues that have arisen, disclose the owners of MMXX, and restore the reward pool to the level it was at when the Bitcoin strategy was initiated.

first_img Ireland's new tax incentive investment accounts will exclude cryptocurrencies

Ireland is preparing to exclude cryptocurrencies from the government-designed personal investment accounts set to launch in 2027, which will allow savers to invest in listed stocks, bonds, and exchange-traded funds (ETFs). The Irish government has classified cryptocurrencies and derivatives as "highly complex and higher-risk products" in its retail investment tax roadmap, and they will not be included in the scope of qualifying assets.The new accounts will set a yet-to-be-determined tax-free threshold, with amounts above the threshold subject to a low tax rate based on annual average value, and the existing deemed-disposal regime (which taxes unrealized gains at a rate of 38% every eight years) will not apply to investments within the accounts. Account providers will be responsible for calculating, reporting, and paying taxes to the Irish Revenue Commissioners, and savers will not face minimum contribution amounts, holding period, or lock-in period restrictions.The product list follows the European Commission's September 2025 recommendations regarding savings and investment accounts, which exclude high-risk and complex derivatives and cryptocurrencies, but with the exception of tokenized financial instruments. Tax rates, thresholds, and annual contribution limits are expected to be determined in the 2027 budget to be announced in October. Research from the Central Bank of Ireland shows that 38% of Irish households' financial assets are held in cash and deposits, higher than the EU average of 30%.
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