Recently, I came across an interesting liquidity mining design on a certain decentralized exchange, involving the projects $ORDI and $1000SATS. Rather than calling it a traditional LP mechanism, it's better described as a relatively innovative participant incentive framework.

The core logic is as follows:

**Basic LP Rewards**: Participants providing liquidity can earn dual-token market value returns while sharing transaction fee dividends generated from trading volume. This part is fairly conventional.

What’s more interesting is the subsequent **expanded incentives**—if LPs are willing to evangelize and attract new participants, they can receive 5% to 10% of the original token minting rights. Additionally, users who both provide LP and voluntarily lock their tokens can earn an extra 3% of the minting rights.

This design aims to break the traditional market maker model. The official claims that all data is open and transparent, with funds fully accessible. Investors can verify the underlying details through the information disclosure mechanisms provided by the project team—this, to some extent, is a response to some opaque practices in the industry.

Of course, whether this new incentive structure can truly balance risks effectively remains to be seen through actual operational data.