Could you further elaborate on how the system could be gamed? The number one priority is to ensure there are no exploits from this proposal
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Could you further elaborate on how the system could be gamed? The number one priority is to ensure there are no exploits from this proposal
To me it sounds like this proposal would diminish the value of staking sps as being not in circulation, this affects all holders.
For those who are unaware of this feature, they would bear the cost of this action when those in the know quickly unstake and sell their sps into the market upside. IF the amount burned is below 10% I dont see staking as being meaningful in the future in terms of removing supply from liquidity and encouraging long term holding.
This also adds significant quick sell side pressure to any upside move in SPS in the future, which will lead to large spikes up and huge collapses down, not unlike we see hive spiking and collapsing over the past 2 years.
Who exactly benefits here? People who want to cash in and sell out on splinterlands?
I see this as benefiting hot money investors at the expense of long term investors in splinterlands and the sps price itself.
Just my 2 cents, best wishes.