Introduction
Prediction market protocol Myriad has launched an innovative Share to Earn program that rewards users in USDC stablecoin and Myriad Points for referring traders to its platform. The initiative represents a significant expansion of the protocol’s ecosystem incentives, simultaneously opening revenue sharing opportunities to developers building on the Myriad Builder Ecosystem. This dual-pronged approach aims to create a more transparent and inclusive reward system for all participants in the growing prediction market space.
Key Points
- Referrers earn 1% of referred users' buy volume in USDC when they trade on Myriad's prediction markets
- USDC rewards are paid out monthly when reaching $500 minimum threshold, with amounts reset after payment
- Developers can now participate in revenue sharing through Myriad's Builder Ecosystem by building integrated applications
A New Model for Ecosystem Participation
Myriad, operated by DASTAN, is implementing what it describes as a “dynamic participatory model” designed to fairly reward all participants in its ecosystem. According to Ilan Hazan, DASTAN co-founder and COO, the protocol’s on-chain revenue share system ensures that rewards are distributed transparently and inclusively. “We only win together,” Hazan told Decrypt, emphasizing the collaborative nature of the new initiative. This philosophy underpins both the user-facing Share to Earn program and the expanded developer opportunities through the Builder Ecosystem.
The Share to Earn program specifically targets Myriad’s USDC markets, where users can now generate referral links directly from market pages. When someone signs up or trades through these personalized links, the referrer automatically begins accumulating rewards. This mechanism creates a viral growth component while directly compensating users for their role in expanding the protocol’s user base. The program’s structure reflects a growing trend in decentralized finance where community participation is directly monetized.
Dual-Reward Structure: USDC and Points
The core of Myriad’s new offering is its dual-reward system that combines immediate financial incentives with long-term ecosystem engagement. Referrers receive 1% of the buy volume generated by users who trade on Myriad’s USDC markets using their referral links. These USDC rewards represent direct revenue sharing from the protocol’s trading activity, creating a tangible financial incentive for user acquisition.
USDC payments follow a structured distribution schedule, with rewards accumulating until they reach the $500 threshold. Payouts occur on the first Monday of each month, after which the accumulation counter resets. Users who don’t reach the minimum $500 payout continue accumulating rewards until the next payment cycle. This threshold mechanism ensures efficient transaction processing while maintaining accessibility for participants of varying engagement levels.
Complementing the stablecoin rewards, Myriad Points serve as an additional incentive layer. While the specific utility of these points isn’t detailed in the announcement, they typically function as loyalty rewards or governance tokens in similar DeFi ecosystems. The combination of immediate USDC payments and accumulating points creates a comprehensive reward structure that appeals to both short-term and long-term participants.
Expanding Revenue Sharing to Developers
Beyond user referrals, Myriad is significantly broadening its revenue sharing model to include developers through its Builder Ecosystem. This initiative allows developers building applications that integrate with Myriad to participate in the protocol’s revenue distribution. By opening this opportunity, Myriad aims to stimulate third-party innovation and expand the protocol’s functionality through external development.
The Builder Ecosystem represents a strategic move to create a more robust and diverse prediction market platform. As developers create integrated applications, they contribute to Myriad’s overall value proposition while earning a share of the generated revenue. This approach mirrors successful models in traditional tech ecosystems where platform growth is accelerated by rewarding third-party developers for their contributions.
The expansion to developers completes Myriad’s vision of creating a comprehensive participatory economy. With users earning through referrals and developers earning through integration, the protocol establishes multiple pathways for ecosystem participation and reward. This multi-stakeholder approach could potentially create stronger network effects and more sustainable growth compared to single-focus incentive models.
Implications for Prediction Market Growth
Myriad’s new incentive structure arrives as prediction markets continue to gain traction in the cryptocurrency space. By leveraging USDC, a widely adopted stablecoin, the protocol reduces volatility concerns for participants while maintaining the benefits of blockchain-based transactions. The predictable value of USDC rewards makes the program particularly attractive compared to more speculative cryptocurrency incentives.
The transparent, on-chain nature of the revenue sharing system addresses common concerns about fairness in referral programs. Participants can verify distributions independently, building trust in the reward mechanism. This transparency aligns with broader trends in DeFi where verifiable, algorithmically enforced systems are increasingly preferred over opaque, centrally managed alternatives.
As prediction markets evolve, incentive models like Myriad’s Share to Earn program could become standard practice for user acquisition and retention. The combination of immediate financial rewards, loyalty points, and developer opportunities creates a comprehensive ecosystem growth strategy. For participants, it represents an opportunity to monetize their network influence while contributing to the development of a emerging financial primitive.
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