This proposal is authored by core contributors to pSTAKE Finance (addressed as ‘we’ in this forum post). Overview In the interest of further enhancing economic security, diversification of the dYdX Community Pool’s risks, and decentralization of the dYdX network, it is proposed that 5M DYDX tokens …

Stakewithus fully supports pSTAKE’s proposal: 0% fees on liquid staking on inception, so no dilution to staking APY; and a 20% fees share in future if fee switch is turned on. best-in-class and most neutral LST delegation model that does not gatekeep validator curation, which helps with decentrali…

Big Yes. Long-term commitment to security and decentralization ideals is vital to ensure the health of the dYdX network.

I am a bit worried about now having 2 separate proposals… 20 million DYDX from Stride / Reverie + 5 million from Persistence. That means that the APR for investors will go down even further, whilst getting a bigger share from the community pool. Imagine that also QuickSilver will now join the par…

More locked tokens and a lower interest rate will stimulate the price of the dydx itself so no one will lose and potentially gain.

I think this proposal is much improved from the previous Persistence proposal, as the amount of DYDX is lower and it has a staggered deposit schedule. But I still think Persistence’ low economic security should be discussed. Currently, Persistence’ has $60M of economic security, of which ~$40M is …

[image] John_Galt: But I still think Persistence’ low economic security should be discussed. Thinking about this, is it not dangerous that Stride is secured by the same token there is a stAsset for? I mean, the stATOM is controlled by the Liquid Staking protocol on Stride. Those are staked o…

[image] John_Galt: But I still think Persistence’ low economic security should be discussed. Currently, Persistence’ has $60M of economic security, of which ~$40M is needed to execute a 67% governance attack which would give attackers full control of the chain and all tokens on it. There are…

In support of the liquid staking of 5m $DYDX via pStake. Also looking forward to other initiatives (via existing/new incentives or other means) for natural growth of the stkDYDX to acquire higher number of holders and staked tokens.

Glad to see the pSTAKE Finance adapt & address the community’s feedback with this new proposal. It’s smart to opt for a staged liquid staking approach with pSTAKE, ensuring we’re not rushing into decisions & are taking the time to carefully consider our steps. The commitment to a 0% fee and sharing…

[DRC] dYdX Community Staking with pSTAKE Finance

Proposals

Kiln.fi March 21, 2024, 2:30pm 7

Following our comment on the Reverie post, we are in favor of an additional 5M DYDX tokens to be delegated to pSTAKE.

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[DRC] dYdX Community Staking with pSTAKE Finance

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