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How would you feel about awards on lemmy?
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I think it's a distraction from the actual interactions. Same way karma is.
I'm all for supporting instances and open source developers, but any kind of reward for a donation creates wrong incentives. Donation is called a donation because it's a gift without expecting something in return.
I fully agree with you, karma "whoring" is a serious problem on reddit, awards could lead to the same behavior here if implemented.
Donations are the best way to support the platform, if you want to be "visible" as donator, opencollective allows you to post a message about it, there's also a sort of top donators page, that's more than enough in my opinion.