
A Deep Dive into Initia’s VIP Program: Aligning Incentives in a Multi-Chain DeFi Ecosystem
Introduction
Decentralized Finance (DeFi) thrives on interconnected networks, but misaligned incentives between users, developers, and protocols often hinder growth. Initia, a modular Layer 1 blockchain built on the Cosmos SDK, addresses this with its Vested Interest Program (VIP), a groundbreaking mechanism to foster economic alignment across its ecosystem of interwoven