while this is just a proposal atm, I'm strongly in favor of it.
It lets us focus more on what matters while removing buckets of truly cursed tech debt, fixes issuance, makes bootstrapping a native ecosystem easier, and unblocks us from moving to more performant and more provable stacks.
No one cares about staking on @celestia. It just doesn't matter.
High throughput 300ms single slot finality that end users can verify with a toaster. That's what matters.
IBRL, LSTs are for the birds, validators are cucks, etc.
mamo
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)
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