Although I am interested in the broader idea of transforming Astar into a financial hub, this is a separate topic from dApp Staking and should be discussed as such.
After reading this thread and the previous one, I still see some confusion around how large and complex dApp Staking actually is. From my perspective, the main concern being discussed is the inflation allocated to dApp developer rewards. While this does contribute to overall inflation, as outlined by @you425, it represents only a small portion of the total issuance and distribution within the dApp Staking system.
To give some context, and these numbers are rough estimates based on extrapolations:
- Total yearly issuance for dApp Staking is around 490M ASTR
- Approximately 30M ASTR, or about 6%, goes to dApp rewards
- Roughly 460M ASTR goes to stakers, including bonus rewards
Because of this, proposals that drastically redesign or replace dApp Staking from scratch would have a relatively small impact on inflation coming from dApp rewards, while having a very large impact on stakers. This balance needs to be carefully considered in any discussion around a new model.
So far, I do not see discussions that fully take into account both sides of dApp Staking: dApp rewards and stakers. These two elements are deeply interconnected. Any change to one directly impacts the other. I do not expect regular stakers to accept a model where their staking rewards are significantly reduced or stopped altogether if dApp Staking were to be terminated.
Regarding the idea of integrating USDSC into dApp Staking, while it may be interesting to explore within the broader vision of a financial hub, it should not be considered as part of dApp Staking itself. dApp Staking is a core mechanism of Astar L1. USDSC is not native to Astar L1 and is a third party asset (Startale) from another ecosystem (Ethereum/Soneium). Integrating a non native token into such a core mechanism introduces significant risk.
What happens if USDSC encounters technical or business issues after becoming a core element of dApp Staking? Would we then need to redesign dApp Staking once again? This is not a sustainable approach.
For these reasons, USDSC should be excluded from dApp Staking discussions. Those discussions should remain centered on the native token of Astar L1, the ASTR token.
On the foundation side, we are actively working on a new tokenomics proposal, going beyond Tokenomics 3.0, which includes a revamp of dApp Staking. We are aligned with many of the concerns and issues raised in this thread. We expect to share our proposal for dApp Staking in the coming weeks.
In the meantime, you are welcome to raise any additional concerns related to dApp Staking and tokenomics in the following thread:
Finally, to come back to the idea of transforming Astar into an economic hub, this is indeed aligned with one of the directions we want to set for Astar in 2026. The goal is to launch financial products that generate real revenue, which can then flow back into ASTR value through buybacks or other value preserving mechanisms. This is something we will also reveal this month with the foundation of Astar FI.
I look forward to continuing this discussion.