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keep node commission constant (e.g., 5%)
increase protocol fee -> 100%
this drives LST yield to 0%
this decreases demand to stake
there will be no new ETH to spin up nodes
This is a cleaner mechanism than freezing onboarding at a certain % marketshare.
Requirements:
setTotalActiveInPos(uint256 numValidators) is a function that tells the puffer contracts how many validators are currently active. At first this will be only callable by the guardians. In the future, it will be replaced by a ZKP that proves how many active validators are on the beacon chain.
MVP
setTotalActiveInPos(uint256 numValidators) {
if pufferProtocol.numActive > numValidators:
$.updateFees(...)
}
The text was updated successfully, but these errors were encountered:
Instead of cutting off the protocol at 22%:
keep node commission constant (e.g., 5%)
increase protocol fee -> 100%
this drives LST yield to 0%
this decreases demand to stake
there will be no new ETH to spin up nodes
This is a cleaner mechanism than freezing onboarding at a certain % marketshare.
Requirements:
setTotalActiveInPos(uint256 numValidators) is a function that tells the puffer contracts how many validators are currently active. At first this will be only callable by the guardians. In the future, it will be replaced by a ZKP that proves how many active validators are on the beacon chain.
MVP
The text was updated successfully, but these errors were encountered: