Dan Larimer Proposes Compound Interest For Staking

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Dan Larimer did recently propose in the eos block producers telegram channel that instead of burning the EOS tokens that are generated from the RAM trading fees, the revenue should be redistributed back to those who had staked their EOS.)

All ready there is 1,5 million EOS made from 1 month of RAM trading fees. Under the current system EOS token for RAM fees is taken out of circulation and offset against the 5% rate of inflation.

Right now, the only reason to stake is to vote.

Dan Larimer says this;

Currently voting has a cost. Time and research cost. I want to lower it to zero by offsetting cost with the reward of redistribution of network income to staked token holders has a much perceived value than burning them. It will lower RAM costs by creating opportunity cost.

 

Basically it would mean that at the current price of RAM you would get around 100 EOS per year if you have 1000 EOS, just for staking. This idea will also encourage people to get their tokens off the exchanges to get compounding interest and many other positive things.

More info in this video if you are interested

 

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Disclaimer: eosmastering is not associated or affiliated with EOS or Block.one in any way. It is a private informational blog run by an EOS investor

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