Samus

@orangesamus.eth

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65 Followers

Samus pfp

@orangesamus.eth

With the proposed issuance changes, real yield might be positive, but so small that it isn’t worth solo/home staking, but is worth it to more centralized/profitable actors. Issuance also might go negative, and the “real yield” comes from exogenous sources like EiL, or places that solo/home stakers can’t compete

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@orangesamus.eth

Thanks for replying! I think the main thing I disagree with is the framing that “inflation adjusted yield” is the dominant factor for a solo staker. I think nominal yield/issuance is more important when deciding if you can earn enough to justify solo/home staking. I also think we can’t ignore exogenous yield.

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@orangesamus.eth

Really enjoyed listening to the podcast you joined with Hasu. I’m curious if you disagree with this framing I posted in a thread below? I’m not sure I understand any counterpoints to this: https://warpcast.com/orangesamus.eth/0x7668549c

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@orangesamus.eth

I think we should prioritize research to make decentralized staking more competitive, like ideas shown below: https://ethresear.ch/t/how-optional-non-kyc-validator-metadata-can-improve-staking-decentralization/17032 https://ethresear.ch/t/supporting-decentralized-staking-through-more-anti-correlation-incentives/19116

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@orangesamus.eth

Even if we choose a good x% and land at less than 100% staked ETH, we could still end well below y% and our validator set may end up highly centralized. I’d rather Ethereum “over pay” for a robust validator set in the short term, than “under pay” and end up without a robust validator set

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@orangesamus.eth

So I think the worst case scenario is the one that we get an issuance curve that leads to: - crossing below y% (no longer rational to solo/home stake) - And even worse: we are still > x% even at 100% ETH staked, meaning we didn’t accomplish our primary goal, and our validator set is highly centralized

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@orangesamus.eth

The problem is that I think: - There is also some nominal yield “y%” that makes it irrational to be a solo or home staker after you get any lower than y% And until you find a way to make solo/home staking more competitive relative to centralized alternatives: - y% will always be greater than x%

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@orangesamus.eth

My thoughts on issuance reduction: To target < 100% staked ETH you assume: - There is some yield “x%” where the market finds it irrational to take on the risks/opportunity costs of even delegating to someone else to stake - Issuance curve is chosen such that we cross below x% before we get to 100% staked ETH

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Dr Doofus pfp

TOKENOMICS DECISION IMMINENT AFFECTS HOW RPL WORKS and YOUR REWARDS You know when a vote passes and you say "I hate this change" or "We should've changed things instead of doing nothing"? That's the time it's TOO LATE TO COMPLAIN! Ask Qs now: https://dao.rocketpool.net/t/2024-tokenomics-rework-drafts/2847/11?u=samus

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@orangesamus.eth

📢 Tokenomics decision is imminent, read the proposal and vote 📢 If you would like to suggest changes to our proposal or you have an alternative proposal now is the time to speak up! https://dao.rocketpool.net/t/2024-tokenomics-rework-drafts/2847/11?u=samus

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Pat | The Weekly Orbit pfp

Pat | The Weekly Orbit

The future Rocket Pool in two charts.

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@orangesamus.eth

Rocket Pool is undergoing work on changing the tokenomics of the protocol entirely. Jasper asked the question of what stops you from being a rocket pool node operator here: https://twitter.com/drjasper_eth/status/1759996878295273539 Feedback can help Rocket Pool prioritize the right changes in the next upgrades :)

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Waq pfp

Today's update from the Rocket Pool community is here. This is episode 350 of Rocket Fuel for Feb 20th. It includes: - RPL price and sentiment talk - @jasper-eth asks why you don't stake with RP - sad news for RP and getting $STRK and more! https://youtu.be/XK_LkW2KArE

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@orangesamus.eth

Do you mean buying rETH vs running your own Rocket Pool Node? Or what do you mean by similar to Rocket Pool?

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Pat | The Weekly Orbit pfp

Pat | The Weekly Orbit

@waq and I have an exciting new Weekly Orbit episode for you all. • ETH price is on on a tear 📈 • @orangesamus.eth's proposal to combine 4 tokenomic reforms 🚀 • @starknet big airdrop to Node Operators 💰 • Rocket Pool Lift-Off conference set for @ETHDenver 🚀 https://youtu.be/gsQSp6khuWc

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superphiz pfp

@samus is doing research for a potential Eth Denver talk, please take a moment to respond..

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@orangesamus.eth

https://fc-polls.vercel.app/polls/02347f74-792e-4dc2-9767-b1696720c70d

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Waq pfp

Today's update from the Rocket Pool community is here. This is episode 345 of Rocket Fuel for Feb 13th. It includes: - RP's revenge arc begins now - extremely exciting tokenomics discussion - Denver Lift Off details and more! https://youtu.be/XowL4OuAvVw

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Sassal.eth 🎩⛽

The latest /thedailygwei Refuel is ready for your consumption! ⛽ Today's topics: - ETH staking chat 🥩 - Rocket Pool revenge arc 🚀 - The Verge updates 👍 - and much more ➕ Watch 👇 https://youtu.be/p-LYSzlj_Gw

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Sassal.eth 🎩⛽ pfp

Sassal.eth 🎩⛽

Rocket Pool revenge arc coming soon! Study: https://mirror.xyz/jasperthefriendlyghost.eth/Xv7lLt8SVTfCaFnVie50IvvFrI4-TkQTgZcxb_omEnA https://medium.com/rocket-pool/rocket-pool-houston-upgrade-fa2de86118ad https://github.com/Valdorff/rp-thoughts/blob/main/2023_11_rapid_research_incubator/direct_capture2.md

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