I’m looking to stake my AGI for the first time in Session #14. I want to support both the project as well as benefit from the DAO airdrop.
I recognize that I missed my window for tranche 1. However, reading Marcello’s blog, it appears that only those stakers as of the April snapshot (who then renew) will benefit from the staker distribution portion of the airdrop in subsequent tranches. That seems a bit unfair.
I understand the desire to reward long standing stakers…but you’re also rewarding those who staked on April 17 (not long time stakers) and disincentivizing those who desired to stake on April 18.
Considering how much Ether it costs to stake anyway relative to rewards, why not change the mechanic so that those who begin staking in Session 14 can benefit in the staking portion of the drop starting in tranche 2?
Doesn’t that seem more equitable while also providing more incentive to actually stake despite its cost?
Looking forward to a reply (hopefully from someone who devised this mechanic).
As you noted it was mainly to incentivize those who have been staking for a long time, adding more people would dilute the overall pool. If you have been holding AGI in a private wallet as of that date, you are still eligible for holders’ portion. The hard cap of April 17th was established to prevent an splitting of wallets to game the system.
Also, the focus is being shifted toward Liquidity Providing (the other way you can get into the airdrop in months 2-4), and upcoming staking on the Cardano platform as we know the ETH gas fees have become ridiculously high.
Can the necessary KYC registration process stop the wallet splitting problem? In other words, 1 wallet per KYC account for the purposes of the Airdrop only?
It would be great if the tradeoff to stop wallet splitting didn’t have to be at the expense of incentivizing staking
There is no KYC for the airdrop, KYC is a “necessary evil” of Token Generation Events/ICOs/IDOs, but it is not something we like in the decentralized community and avoid unless it is legally required.
So registration is required, but not a KYC-level registration. Got it. Thank you.
It seems it is what it is. Unfortunately, being able to benefit from from the airdrop was the incentive I was looking for to justify paying the prohibitively-high Gas fees in order to stake.
At this time, I just can’t justify staking, despite my sincere desire to support the project writ large, but also its further decentralization.
Hey guys !
So … I was not able to bet my AGI on AIRDROP DAO due to the high rates of ETH at the time. I wonder if there is still any chance for me to receive the DAO tokens when AGI goes to cardano’s network ??? Thanks for listening !
