Making $ATOM Interchain Capital
summary
Argues ATOM needs a fixed supply schedule instead of bond-linked inflation, moving to ~3% target inflation by 2026–27 and a ~1.5% tail emission; proposes a dynamic liquid staking tax that is zero until 25% LSM cap then levies fees to create a yield spread (example: at 50% liquid staking the spread is ~2.5%), generating hundreds of millions in potential revenue that can be burned or deployed as protocol and liquidity to fund shared security; claims liquid staking lowers security costs and current issuance (~14.5%) overpays.
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chapters (18)
- 0:00Making Atom Interchain Money Capital
- 0:36Atom Tokenomics RFP Grantees
- 2:08No omnibus promosal
- 2:58What makes something money?
- 4:45Creating a flourishing economy
- 5:17Maturation of the cosmos hub
- 6:24Atom's dynamic inflation schedule
- 7:44Atom's inflation uncertainity
- 8:43Cosmos hub is over paying for security
- 9:53Liquid staking lowers the cost of security
- 10:24Proposed atom supply scheduled
- 11:34Cosmos hub tokenomics today
- 12:07Liquid staking is inevitable
- 13:45LST providers are similar to lending markets
- 15:09Dynamic liquid staking tax
- 16:39Liquid staking opporunity cost
- 17:56What to do with LST tax revenue?
- 20:07Shared security will be commoditized
