Cameron Armstrong
@cameron
Choosing violence today: Can anyone explain to me what value there is in staking an app token other than "paying you not to sell this token"? (NOT talking about a protocol using staked tokens for validation collateral, an honest to god APP token - why is staking useful in a "better for users and the app" sense)
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Corbin Page
@corbin.eth
It's just a tool in your tokenomics toolkit. Yes, it's partly not to sell. Also: * Add slashing conditions to economically disincentivize behavior * Can be used to insure protocol (Aave) * Reduces circulating supply * Increase TVL (not saying this is good) * Can be used to increase liquidity
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Cameron Armstrong
@cameron
I can get with that as a monetary policy tool I guess I just don’t think most apps need their own economy lol appreciate your thoughts
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Corbin Page
@corbin.eth
I think protocols are starting to lean more into baked in fees these days, ya. But the siren song of token rocket fuel for growth and pathway to liquidity for founders and investors is strong. Also seeing many apps push into being an L2 so the token case is stronger. Will be fun to see what models win in next 🐮
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