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Blue Cockatoo
@bluecockatoo
I wanted to see how much damage overstaking is doing so I finally sat down and figured out how to write a Dune query. Since this is my first query, I welcome someone checking my figures/calculations, but it looks pretty valid to me. If you don't want to click through, here's the results as I write: Lost Allowance Amount: 392,174 Total Overstake Amount: 33,989,745 Total Locked Amount: 390,023,685 Below Allow. Cap Above Allow. Cap % of Stakes 81 19 # of Stakers 6,736 47 Staked Amt. 315,298,133 74,725,552 So about 9% of allowances are lost that could have been distributed to smaller stakers because of overstaking. Some people may think that's no big deal, but it is to me. Small stakers need all the help they can get and their allowances will continue to go down as more people lock up their DEGEN. They are stuck for 3 months like this... https://dune.com/queries/3912382
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@keith33333.eth
maybe it was all designed that way! lmao!!
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Blue Cockatoo
@bluecockatoo
That's a possibility, but I don't think it was consciously designed to hurt everyone. I think that the devs' goal was to get as many people to stake as possible because that keeps the price of DEGEN up/stable, and then to give the benefit of tipping as the carrot to make that happen. I think they didn't really think it through and thought setting up an allowance cap would be good enough to flatten the curve and didn't realize that with excessive overstaking it would not only be bad for small stakers but also overstakers who could use that money to make themselves more money in other ventures.
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@keith33333.eth
fair enough it aint easy for sure! imo i think it is a bit of both tbh. curious, any stats on how many locked before and missed out on tips? ive asked but no answer yet. so amount of tips lost? i lost 10k bc i didnt see the full instructions. so i staked less than 24 hrs before claim. no big deal but some could have lost thousands over this oversight. yes chalk it up to not reading directions but they also grinded pretty hard for those tips. but it doesnt seem to be a big problem so nothing to worry about. in the end some will win some will lose. if you were airdropped and never bought in then there should be zero complaints. if you bought in like i did twice than some may be warranted. for me, i just chalk it to a lose and hope degen will be up when we can unstake.
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