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Currently, there are no protocol-level specifications to prevent self-staking by Property holders.
When a Property holder self-stakes his Property, the user gets a reward for his Property in addition to the staking reward, which raises the issue of double APY acquisition.
There will be a certain amount of pain in resolving this issue, because if the Property holder is switching multiple wallet addresses, then validation by address also loses its meaning.
This proposal effectively nullifies self-staking by including its staking share in Property's reward calculation.
Holders of Property obtain regular staking rewards by oneself staking. They also obtain additional rewards in accordance with the staking gathered in Property.
For example, Alice has 50% of the Property and stakes 100 DEV. In her Property, 1000 DEV in total has been staked. We postulate APY at 30%.
The reward for Alice as a creator will not change. This spec disables double APY's from being earned.
Advantages
Since Property holders are also stakers and staking share of creators in the calculation of their reward are included, they cannot doubly obtain reward with multiple wallets.
Disadvantages
Creators as Property holders need to purchase DEV and have to stake themselves to earn rewards. If they don't stake themselves, the Property holders' reward is 0.
I personally dont think in practice this will work as the barrier to entry for creators will be too large to join the platform. It is going to be very hard convincing creators to join a platform, then buy a token to stake themselves.
Creators, many who might be multi people projects, will need the capital to pay people and continue their project development. They need the capital and cant afford to keep it staked or buy dev.
I think this solution is akin to using a sledgehammer to crush a bug. Ultimately I believe it will hurt the platform in the long run and stop new creators from joining.
Activity
calaber24p commentedon Sep 24, 2020
I personally dont think in practice this will work as the barrier to entry for creators will be too large to join the platform. It is going to be very hard convincing creators to join a platform, then buy a token to stake themselves.
Creators, many who might be multi people projects, will need the capital to pay people and continue their project development. They need the capital and cant afford to keep it staked or buy dev.
I think this solution is akin to using a sledgehammer to crush a bug. Ultimately I believe it will hurt the platform in the long run and stop new creators from joining.