Base app charges a 1% swap fee. That’s why I wouldn’t use it beyond 'testing' the app. But a 1% fee is very attractive if I knew I’d get a BASE airdrop. Heck it, maybe even a 5% fee is worth it. This is what Vitalik writes: "Charging users fees, but paying them back in protocol tokens, I think is also reasonable: it's effectively turning your users into your investors by default, which seems like a good thing to do." I believe more apps could rank up their fees in exchange of tokens. It's been done in the past: LooksRare charged a 2% fee but distributed 100% of those fees to LOOKS stakers. It was widely successful. Or DYDX ran trading rewards program, earning DYDX in exchange of fees paid. Users come to the platform, trade, pay fees that generate revenue for the team to build. Sure, it hides the “true PMF” behind incentives, but users still come. They learn how the platform works, and some could stay once incentives are removed and fees are reduced. LooksRare is dead. dYdX lost its dominance. But the same model worked wonders for Hyperliquid. It’s not a panacea: innovation still needs to keep up but I think it’s a good approach, especially in the current environment.(Ignas | DeFi)