Dankrad Feist
@dankrad
"Stakers don't care about real yield, they only look at nominal yields" Why don't we all stake with Celestia and Polkadot then?
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Dankrad Feist
@dankrad
Staking isn't just the reward you get for participation -- you also have to believe in the asset. So indeed, most stakers don't directly think about "real yield = nominal yield - dilution", but they think about "how bullish am I about the base asset + nominal yield". The dilution gets baked into the former.
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