Content
@
https://ethstaker.cc
0 reply
0 recast
0 reaction
pintail
@pintail
Interested in reactions of folks here to the issuance changes discussed by @caspar + @ansgar.eth. Would a reduction in yield make staking unviable for you? I'm sympathetic to the argument that allowing the staking fraction to trend ever upwards will eventually cause big problems. https://warpcast.com/caspar/0x81148881
2 replies
0 recast
3 reactions
Edmund Edgar (goat/acc)
@edmundedgar.eth
Depends how big a reduction. Two issues for me: - whether it's worth it to bother - if I do bother but the MEV is really high compared to the protocol revenue, whether to carry on staking on my home line in Japan rather than putting it somewhere with better latency to the rest of the network (like a US datacenter)
1 reply
0 recast
3 reactions
caspar
@caspar
some inprotocol mechanism to capture MEV is probably a prerequisite for targeting. And lots of open questions… What should the staking ratio target be? use a curve that turns negative or stop at zero eventually? or some eip-1559-like controller? How to maintain consensus incentives, staking fee?
2 replies
0 recast
1 reaction
caspar
@caspar
the targeting post is an attempt to propose an issuance policy that is future proof and does not need to be touched again.
1 reply
0 recast
1 reaction
caspar
@caspar
the targeting post is not a concrete proposal, but has lots of open questions, as discussed in doc. especially: what should the target be? what’s secure enough? 1/8, 1/4, 1/2, 2/3? just to name a few pretty ratios lol
2 replies
0 recast
1 reaction
caspar
@caspar
and of course it needs to be discussed if targeting is desirable in the first place. clearly some people feel otherwise. I’m just really happy we’re finally talking about this extremely fundamental topic. It really is at the heart of everything.
0 reply
0 recast
1 reaction
pintail
@pintail
I always thought the beacon chain issuance curve was somewhat arbitrary and lacked sufficiently well defined goals and targets. I actually asked @vitalik.eth once "why the inverse square root ratio" and tellingly he said "it's halfway between linear and flat".
1 reply
0 recast
1 reaction
