reserve 100 million tokens from the LDO community fund for future staking rewards
why?
Liquid staking is a better form of staking. Lido has a good shot to be the leading liquid staker on all blockchains and thereby has a generational opportunity to connect all chains. Lido can potentially spin up its own chain that connects all chains, using PoS consensus, in which the LDO token can natively secure this chain.
Cosmos has attempted to do this, but its not really happening b/c they did not start w/ the users (chains) first, where as Lido did. This is generational opportunity to connect ALL PoS blockchains at the consensus layer.
The only quality token economics that the market values is securing the consensus layer. Governance coins are pure hopium at this point …
what are other token economic models that are successful outside of L1 security and axie infinity?
the reason LUNA is 20x the size mkt cap of maker dao in mkt cap is bc LUNA gets the L1 premium where as maker is a dao … they both do the same exact thing, mint stable coins …
good thread here on value accrual and why its important for LDO token economics
legally speaking, u want the value accrual to come algorithmically e.g. block rewards from a PoS blockchain, as opposed to humans collecting fees and paying them out …
do not create discounted cash flow analysis, this caps the upside of the token
consensus layer block rewards do not enable valuing a token thereby causing no top value, dcf analysis - # can be unlimited, no ceiling
LIDO has the ability to connect all chains and at the very least use the native currencies of the other chains as collateral in its own product, on its own consensus layer - can use tendermint for this
would prob be a top consensus layer project FDV over $100 b next cycle
the market only respects consensus layer projects and Axies lol !