dApps Staking v3 - proposal

[you425]

Thank you, I have created a new thread.

dApp staking v3 - tier algorithm adjustment proosal

This thread was derived from dApp Staking v3 - proposal. The hybrid model and other methods proposed for the purpose of improving the current Tier system will be discussed. Algorithms, not specific compensation amounts or parameters, are the subject of the discussion. Background The current Tier system is a fair system whereby a certain reward can be earned by exceeding a certain threshold. However, this system creates a kind of unfairness: “If the threshold is not exceeded, the evaluation i…

@Dino

Now, to give a bit more perspective, there is a problem I see now, a big one.
The total locked amount in dApp staking v3 is around 3.2B ASTR.
Total staked amount is around 1.6B ASTR.

Yes, I agree with this. The amount of stakes is too low in relation to the locks. I have called for stakes at various times, but still too few. where have the stakers gone?
I think it is more likely that the crowd loan participants are leaving it alone, but I am not sure.

On a different note, I noticed something in your reply here.

@Dino

There needs to be a mindset shift about dApp staking rewards, in general.
One thing is to be idealistic, another thing is to be realistic.
It’s not sustainable nor good for the network to give out huge rewards without asking to bring high TVL & stake in return. It devaluates the token.

You might be the best builder there is, and your product might be fantastic, off the charts! But that doesn’t count for anything, however harsh it may sound. You need to have active users, and you need to get those users to stake on you. That’s the metric for the reward. It might not be perfect metric but it is one that brings value to the network by having higher TVL (or TVS). Because token is locked, and cannot be immediately sold.

Again I want to emphasize that basic income narrative is gone - both due to legal reasons, and because it’s economically unsustainable. It’s a reward system for developers building on Astar/Shiden.

At least I thought dApp Staking was still about helping developers and not primarily about rewarding them. Perhaps many community members agree. I think we are not communicating well about this and the conversation is not going well because of this discrepancy.
I don’t recall any announcement from the Astar Foundation that they have changed the significance of dApp Staking, nor do I recall ever seeing it on the Forum (sorry if there was). In other words, since it is an after-the-fact report, it is only natural that there would be disagreement.

To summarize, I recognize that this change was intended to do the following

1. change dApp Staking’s main purpose to a reward system rather than a developer support system
2. focus on increasing the value of the tokens (not decreasing the value by limiting rewards to some extent)