Solana Co-Founder Suggests Staking-Based Profit Distribution Model
Anatoly Yakovenko proposes storing profits as claimable protocol assets, allowing users to lock up and stake for token yield over a year.
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Summary
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Terms & Concepts
- Staking: The process of locking cryptocurrency in a network to earn rewards, often in the form of additional tokens.
- Protocol Assets: Digital assets held within a blockchain protocol, potentially distributed to participants based on specific governance or staking rules.
- Token Yield: Returns or rewards earned by holding or staking a cryptocurrency token over a certain period.