Staking/Unstaking UI and Mechanics changes
On the Venice app token page, display a tri-color bar graph that indicates the following;
1. Daily amount of new Stakes
2. Daily amount of Initialized Un-stakes
3. Daily amount of tokens that are in cooldown period
In addition, to better protect community from large unlocks of supply from pending cooldowns, change the cooldown period so that it is dynamic and linear to the amount that is being un-staked.
For example;
1 VVV = 1 minute of cooldown
60 VVV = 1 hour of cooldown
1440 VVV = 1 day of cooldown
14400 VVV = 10 day cooldown
144,000 VVV = 100 day cooldown
This allows people to identify when larger amounts are scheduled for un-staking, and provides the opportunity for smaller stakers to un-stake in advance and front run the pending risk of larger sell offs.
With this, include option to cancel the un-stake. All this in combination discourages large stakers from speculative behavior that may have a negative impact on price and other holders. As people identify large amounts in cooldown, they are likely to unstake for the shorter duration to manage their risk. This creates a cascade effect that leads to larger increase in APR, effectively enticing larger holders to cancel their un-stake to farm the greater rewards.
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Comments3
Plum Ash
Feb 20, 2025
Upvote this comment if you like the UI update suggestion, but unsure about the staking component changes. In hindsight, probably better to split this into two feature requests, but I felt they were relevant to one another.
Sapphire Horizon
Feb 20, 2025
Having these short cool downs is not ideal. Also anyone can just put the tokens into 100 smaller wallets.
1 VVV = 1 minute of cooldown
60 VVV = 1 hour of cooldown
1440 VVV = 1 day of cooldown
Having VCU tier up over a couple days might make more sense. It would have very little impact on serious large holder coming in. It would help with network stability.
Plum Ash
Feb 20, 2025
The example cooldowns to token weighting is just that — an example to illustrate the idea. You could also make it logarithmic instead of linear, or even change it to a lorenz curve.
The basic idea here is to alert community of large swings in pending supply that is about to become liquid, and provide opportunity for smaller holders to manage speculated risk if they wish to do so.
Yes, large stakeholders can distribute over many wallets — that simply can’t be prevented, but it is cumbersome and essentially would only negate the extra cooldown restriction back to somewhat of an equal playing field (as it is currently). Worst case, it helps some but not all… best case, it helps many but not all. There is no sybil proof systems available in crypto, so this can’t be avoided.
““Having VCU tier up over a couple days might make more sense. It would have very little impact on serious large holder coming in. It would help with network stability.””
— I don’t quite understand this, can you elaborate?