Thread by @bobanetwork

1\ Introducing Boba's WAGMI incentive program for builders and developers. In collaboration with @UMAprotocol, we will be distributing WAGMI options on $BOBA token to promising projects building on Boba.
🧵on this below:

2\ We have created these WAGMI options in collaboration with @UMAprotocol. WAGMI options are KPI (key performance indicators) options based on metrics relating to Boba Network, such as monthly active wallets or project specific TVL.

3\ Traditional liquidity mining programs are zero-sum: users come to collect high rewards and are incentivized to keep those rewards. WAGMI farming turns this model on its head by being positive sum: users are incentivized to evangelize and encourage behaviors that grow Boba

4\ With WAGMI farms, We sought to create a positive-sum, sustainable mechanism to ensure that $BOBA is used to grow the network while avoiding pervasive behaviors.

5\ Options are “versioned”––the initial v0 options are based on the TVL of Boba Network. We'll announce new cohorts every month, with new projects using WAGMI options and new KPIs for each cohort.

6\ We are the first Eth L2 (and first chain) to do options farming natively. We hope this model will be an inspiration to future builders in the space, similar to projects like Compound and Olympus DAO before us.

7\ We would like to specifically acknowledge UMA's pioneering work on their optimistic oracle and price options, as well as @AndreCronjeTech thought leadership on options farming.

8\ More updates are coming in the next week. If you're a builder who would like to use WAGMI options to build and grow your project on Boba, reach out 🙂

9\ We are committed to innovating on both community and technology for Boba Network, and WAGMI options will be a part of a larger initiative to make Boba the best place to build. Strap in Bobarians--WAGMI!!