According to @milesdeutscher, a new on-chain rewards model that grants higher multipliers to users who commit real capital will change the on-chain incentives landscape by attracting more committed participants and fewer short-term tourists, source: @milesdeutscher on X, Aug 29, 2025. According to @milesdeutscher, the shift is positioned as a response to low-quality engagement he describes as Kaito slop overtaking feeds, reinforcing the appeal of capital-based rewards over mere engagement farming, source: @milesdeutscher on X, Aug 29, 2025. According to @milesdeutscher, the core trading takeaway is that incentive designs prioritizing capital exposure for reward multipliers aim to align rewards with conviction capital rather than low-effort farming, which he believes will alter user behavior and participation quality, source: @milesdeutscher on X, Aug 29, 2025.