While unconfirmed by the WAX team, potential airdrop criteria would likely reward active participants in its NFT and gaming ecosystem. Eligibility might include: regularly trading on the WAX Blockchain NFT marketplace, using WAX-based gaming dApps, staking WAXP tokens for CPU resources, and holding specific NFT collections from prominent WAX projects. Users who have consistently participated in WAX cloud wallet transactions and supported early NFT launches would be strong candidates. Given WAX's gaming focus, players with substantial in-game asset histories would likely receive significant consideration in any token distribution.
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Are margin requirements tied to slashing probability? In a rationally designed system, margin requirements for leveraged restaking should be tied to slashing probability, but current implementations likely are not. An ideal risk model would treat slashing risk similarly to the volatility of a collateral asset. An AVS with a high estimated probability of a severe slash would warrant a higher margin requirement (lower LTV) for any stake delegated to it. This would make leverage more expensive for riskier AVSs, naturally disincentivizing over-exposure. However, quantifying a reliable, forward-looking "slashing probability" is extremely difficult due to a lack of data. Currently, margin requirements are primarily based on the price volatility of the collateral asset (ETH/stETH), with the unique risk of slashing being a largely un-priced, unhedged tail risk.
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What’s the historic maximum effective leverage achieved in restaking pools? As the restaking ecosystem is still in its early stages, there is no long-term historic data. The "maximum effective leverage" observed so far has been in controlled environments or during initial bootstrapping phases of specific Liquid Restaking Token (LRT) protocols, where incentives may have temporarily allowed for high leverage. However, in a mature and organic market, the effective maximum is likely what the most conservative lending protocols allow. Given that major money markets like Aave often have maximum LTVs around 70-80% for staked assets, the practical, historically observed leverage in a non-speculative context has likely not significantly exceeded 3-4x on a systemic scale, and even that would be considered highly aggressive.
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