Its nice to see that CT is catching up to things the @avax team has been saying for years and have been ridiculed for doing so.
@kevinsekniqi , @el33th4xor and to a lesser extent, myself took so many arrows regarding slashing and other parts of this proposal in 2021/22. @stephenbuttolph has also been incredibly consistent as well.
With hindsight, I think its clear that many of those debates were clearly an attempt by a faction of the eth community to turn its asset into money and spew narratives such that it would not have to compete on product.
Proof-of-Governance as the Endgame for LSTs
I propose a change to the Celestia protocol that would remove unnecessary issuance, from 5% to 0.25%, without affecting security. It would also allow for a seamless LST-equivalent, allowing $TIA to be used in TIA-native DeFi more easily.
This change would commit Celestia to accruing value through REV and fees, through abundant DA throughput and verticalization with execution and applications, like TIA-native DeFi.
(this is celestia)
here's a good video where they debate the merits of slashing
9.52K
100
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.