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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
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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)
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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?
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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.
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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
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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".
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pintail
@pintail
A few years in we now had the ability to understand the deficiencies of this approach and it's starting to feel like we can finally define some sensible goals for the issuance policy.
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