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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Venkatesh Rao ☀️
@vgr
Sounds like a "creative" implementation of liquidation preferences or "preferred shares"
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Cameron Armstrong
@cameron
But those only make sense if they give you a claim to a stream of cash flows… which most tokens emphatically do not afaict
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