I just came across some great news for everyone who joined the $River Public Sale!
According to the latest update, all participants can now claim their $River Points and request refunds directly on the official website:
👉
Honestly, I think this move really shows River’s transparency and commitment to its community. While many projects still struggle to clearly handle participant benefits, $River has taken a proactive and professional approach by opening the claiming process this early. #RiverPts
If you took part in the public sale, you should definitely check it out. The interface is super simple just connect your wallet, and the system will automatically display your $River Points and the refund amount you’re eligible for.
If you’ve been part of $River since the beginning, now’s the perfect time to claim your well deserved rewards! @RiverdotInc @River4fun
River 动态兑换机制和 Pendle 有什么不一样？
在多数 DeFi 协议中，收益来自外部激励或通缩模型，而 River 选择了另一条路径；让时间本身成为价格的变量。
所谓 Dynamic Conversion，其实可以理解为一种延迟流动性模型：用户手中持有的 River Pts 随时可以兑换 $RIVER，但兑换比例会随时间变化。越早兑，越亏；越晚兑，比例越高。
这设计背后有两个很实用的效果。一是抑制短期抛压，早期参与者如果急于变现、拿到的 RIVER 份额会显著更少、反而会让长期持有变得更有吸引力。二是建立时间型激励。协议不再靠发币补贴留人，而是让延迟本身产生价值。
这点和 Pendle 有个有趣的对比。 Pendle 把收益拆成 PT（本金）与 YT（收益权），本质上是让未来现金流可交易；而 River 拆分的是未来流动性。 不是交易收益，而是在交易解锁的时间。
它更像一种隐含的时间期权结构。每个持币者都在下注一个问题：我愿不愿意等待？等待多久？
答案不同，回报也不同！
更重要的是，这种设计让 River 的价格稳定性有了内在缓冲。时间成为流动性的安全垫，而非风险。当其他项目靠补贴维持活跃度时，River 的系统用时间价值实现了自平衡。
这套机制也许不华丽，但它解决了 DeFi 最顽固的问题：
怎样让流动性不靠通胀，也能活得长久！
我服了！
#River @River4fun @RiverdotInc #4FUN $satUSD $RIVER
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