Chainlink APY estimated to grow over time instead of reduced: damn

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Chainlink APY estimated to grow over time instead of reduced: damn Anonymous Wed Jun 8 15:39:56 2022 No.49456596 [Reply] [Original]

Why is Chainlink such a contrarian protocol? No wonder it's so misunderstood when it does everything so differently from the rest of the market.

With 99% of protocols staking out there, the rewards start high to attract users and then get lowered over time. They're all short term ponzi musical chairs, unsustainable and artificial.

Chainlink doesn't need this since it ALREADY has the users. They did all the heavy lifting before tokenomics, when others launch lazy tokenomics hoping it'll attract usage.

Chainlink rewards will start at <5% but will easily grow beyond that, in a sustainable manner. It's simply unheard of, absolutely industry shattering and as a result nobody can even wrap their brains around it.

The initial plan, a few months in, is to reward 5% for 75M staked. Out of ~400M circulating. For one (1) single feed. Which will later be scaled up to all feeds.

There are ~1000 feeds. So you do the maths. They want the whole supply staked.

There are at least 4 revenue verticals mentioned. Incentive wallet emissions, user fees + the new partners pool reward program + a premium loss protection service fee. That's still all only for initial price feeds rollout.

Then comes VRF etc. We still have zero information about how ccip could shift nodes to direct fee capture for bridged assets, how ffs could capture major execution layers fees instead of mev, etc. These are even bigger revenue sources and the plan is to roll them out in phases, once total monopoly is secured and adoption is the norm.

It will take years for chainlink to even be understood by so called experts at this point. It's all very reminiscent of Schmidt keeping Google profitability hush hush for so long, or how Bezos had to reassure shareholders that all the key adoption/profit metrics were rocketing while stock was plummeting following the dot com bust. Market participants can't see the forest from the trees without years of hindsight, despite major unique players hiding in plain sight.

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