The Flywheel Effect
For Minterest, each new liquidity provider benefits existing users through the increased fee capture opportunities created from the addition of their supply. Increased fee value allows for higher value buybacks which in turn positively supports the value of MNT. Supporting MNT value supports the value of emission rewards, positively influencing user APY. More valuable emission rewards allows Minterest to attract new users and so more TVL.
This mechanism forms a flywheel effect, a characteristic of a network effect, not found in other lending protocols. This flywheel effect allows Minterest a long-term edge over rivals in its ability to deliver value to its user community.