I’m wondering. Why does Venus get to stake their own tokens. That doesnt seem very fair. Their tokens should be locked and notnstakeable. Especially the free ones from the airdrop which are 900k free tokens.
Now that Venus changed the rules and tokens can be staked and voted with, they are accumulating the following
900k * .20 = 180,000 xvs tokens per year.
At a price of 4.7 that’s 846,000 USD.
This is almost a million dollars of sell side pressure and money that could go to real stakers. Also this xvs could be sold when the price is high and bought back when the price is low causing imbalances and more profits at investors expense.
Venus being able to stake free tokens is coming at the expense of the investors who bought tokens and are staking. The rewards are coming out of the same pool and its diluting the investors token.
Shouldn’t the focus of venus be to attract new financing, and not use the protocol to make revenue. This is not even including the 50% liquidation profits Venus also makes.
The numbers just don’t add up for new investors and I think this is a discussion worth having