PIP-77: Governance Evolution & Operational Alignment

Hi @VeloCryptor

Thanks for taking the time to write this and for sticking with the project that long, that’s genuinely appreciated!

On the staking point, I get where you’re coming from. A lot of people did see it as a way to participate in the protocol’s upside. At the same time, it was introduced later as an incentive mechanism and always subject to governance, rather than something fixed. You can find the initial proposal here.

More recently though, it hasn’t really been active, rewards slowed down a lot and participation dropped. So this change is mainly about aligning the structure with how things already are today, rather than keeping something in place in the hope that it becomes meaningful again later.

On the alternatives you mentioned, like keeping a smaller share or making it conditional, the issue is that it brings back the same complexity we’re trying to move away from. The goal here is to simplify things and make the setup sustainable based on what’s actually working now.

I do understand the frustration though, especially if that upside was part of why you chose to stake. That’s fair to raise. Happy to keep discussing this.