Murmur

Murmur Protocol is designed as a decentralized monetization layer for exclusive information that hasn’t yet reached mainstream awareness. Developed by the team at Freatic, Murmur is a novel solution for transforming alpha-sharing into a sustainable, trustless economy. The protocol is built around the idea that information is most valuable when it's rare and time-sensitive — and that those who generate it deserve direct compensation without compromising privacy or trust.

The system brings together three distinct roles: Hunters (those who post valuable insights), Queue Members (those who pay to access those insights early), and the Public (who receive the information once its strategic value declines). Information is categorized by “Topics” — like DeFi strategies, airdrops, or on-chain alpha — that allow users to focus on the areas that matter to them. When a hunter posts within a topic, the post travels down the queue to paying subscribers in a first-paid, first-served model, where each user can choose to delay or accelerate its spread.

To maintain integrity, Murmur uses a reputation-based system where verified hunters are rewarded for consistent, high-quality alpha. Those without verification must burn coupons to post, which adds a layer of friction that deters low-effort or spammy submissions. Verified users, however, earn direct revenue when queue members pay for early access and receive additional reputation points if their alpha is upvoted. This mechanism incentivizes genuine value-sharing while discouraging manipulation or low-effort content.

The release of information to the public is governed by Time-Lock Puzzles — cryptographic mechanisms that require actual computational work to unlock. Once a post completes the queue process, anyone in the community can compete to solve the puzzle and earn ETH rewards and coupons. This gamified final step ensures the system remains decentralized, trustless, and incentive-aligned from start to finish.

Underlying all of this is the coupon economy. Coupons function as access passes, required for everything from posting unverified alpha to entering a topic queue. They can be earned, bought, or gifted, and form the transactional backbone of Murmur’s incentive system. This design encourages participation, filters out noise, and adds a financial layer to the value of information itself.

Compared to centralized content platforms like Patreon or Substack, and even Web3-native platforms like Mirror, Murmur Protocol stands apart with its decentralized queue structure, on-chain incentives, and cryptographic time-lock mechanisms. It’s not just about content — it’s about monetizing strategic information flow in a fair and scalable way.

Murmur Protocol provides numerous benefits and features that make it a standout project in the Web3 information economy:

• Alpha Monetization: Allows hunters to directly earn revenue for early access insights, creating an open marketplace for exclusive information.
• On-Chain Reputation System: Hunters earn more the higher their reputation, with votes from queue members ensuring transparency and quality control.
• Queue-Based Access: Queue members bid for positions to receive alpha earlier than others, giving strategic and financial value to timing.
• Time-Lock Puzzle Cryptography: Enables delayed public disclosure through computational effort, rewarding users for opening up posts after the queue phase.
• Coupons as Utility Assets: Multi-use system involving access, reputation-building, and queue positioning, tradable among users.
• Privacy & Control: Posts remain private to subscribers before going public, allowing informed decision-making with minimal risk of leaks.

Murmur Protocol offers a simple and efficient onboarding process for new users, whether you're a hunter or a queue member:

• Visit the App: Head to app.murmurprotocol.com to begin.
• Connect Wallet: Use a supported wallet (such as MetaMask) to connect to the Base network, where Murmur operates.
• Choose a Role: If you have valuable insights to share, become a Hunter. If you're seeking opportunities, join as a Queue Member.
• Acquire Coupons: To participate, you’ll need coupons — these allow posting or reserving a queue spot.
• Post or Subscribe: Hunters can submit alpha and build reputation; queue members can bid to gain access to upcoming insights in specific topics.
• Manage Information Flow: When it's your turn in the queue, decide whether to read the alpha and how long to delay its propagation to others.
• Earn Rewards: Solve time-lock puzzles, increase your reputation, and gain ETH-based and points-based rewards.