Cameron Armstrong pfp
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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m_j_r pfp
m_j_r
@m-j-r.eth
adding to the slashing mechanic, staking should be pluralistic. the staker is incentivized in some way to exchange fungible X for f(X), but if the functor of X is both centralized & probabilistic, then there's some unknown opportunity cost. can see this as ERC-4626 (staking standard) respective to pooltogether/frax.
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Cameron Armstrong pfp
Cameron Armstrong
@cameron
honestly struggling to see how this helps users + app
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