HEX.COM

Am I right in saying that hex is inflationary and

T shares are deflationary?

#cryptocurrency #english #hex-crypto

03.08.2022

7 ответов

19 просмотров

Joki Alan

Yes

03.08.2022

Combot

#deflation https://docs.google.com/document/d/112IkMxL94d5AlXukQonRLlyNlF0_5zmX6k1Z0Stsmo0/edit# Excerpt: HEX Inflates, Shares Deflate Share Rate is calculated such that the returns from a stake restaked for the same number of days will, at best, yield the same number of shares. Because of this property, a user can end up with vastly more HEX than they started with (inflation) yet never improve their number of shares (stagnant) without increasing their stake length. The stake length has a maximum so a user can only improve their number of shares by committing to a longer stake, capped by the maximum. Once that maximum length stake ends, the user is hard-stuck at restaking and receiving the same number of shares or fewer. Thus, over time the number of shares must, at most, remain constant wherein everyone stakes for the maximum length. In reality though, the Share Rate will reduce the share buying power of stakers over time. All models I’ve run have a peak number of shares reached shortly after the WAAS lump payout, after which the total number of shares in the system decrease over time as short stakers are unable to maintain their share buying power. Why peak after WAAS lump payout? That is the last event that creates HEX outside of the staking process. The only way to obtain HEX after the launch phase is through Staking which will always either increase the Share Rate to match the newly minted HEX, or the Share Rate is already higher such that these new HEX have reduced share buying power. During Launch Phase, however, Transform Lobbies, BTC claims, and WAAS lump all create HEX outside of the flow that changes Share Rate. This is another example of longer stakes being better because the total shares in the system are likely to go down over the length of their stake, meaning they have a larger slice of inflation which will be greater over the length of their stake. A larger slice of a larger pie. Enhanced Share Deflation: Penalties The penalties system has a double effect of directly paying stakers and further reducing total shares in the system. Shares can only remain neutral if a staker can restake their returns at the same Share Rate. Having a penalized return guarantees that said staker cannot do that, meaning their share buying power is diminished, thus reducing the total possible shares in the system. Moreover, the chunk of their payment redistributed to other stakers improves those other stakers’ ROI, meaning Share Rate will increase more than it would have otherwise. Penalties reduce the total shares in the system at both ends by disintegrating their own shares/share buying power and inflating the Share Rate for future stakers. So why would someone do this…? Stake Sacrificing: Improving Your Share (of Shares) There is a case to be made for having sacrificial stakes that you intend to endStake early, even before the halfway point in order to completely liquidate them. This stake could then be sacrificed at a period of low stake participation. The effect here is that it will redistribute its principal and payouts to current stakers (including more stakes of yours) and its shares will be destroyed, thus increasing all current stakers’ portion of total possible shares. The secondary effect is that the ROI for active stakes will be even better than pure inflation because of the penalty payouts such that when they end (at maturity), the Share Rate will increase more than normal, decreasing the share buying power of future stakers. This helps to lock in your portion of total possible shares. I don’t recommend doing this without doing a lot of modeling to know under which scenarios this is net-positive.

03.08.2022

🦑¤๋͜¤𝓗𝖊𝔁P𝖚l$𝖊(X)®¤๋͜¤

!deflation

03.08.2022

Harkhaf Hatep Harar Автор вопроса

Joki Alan
Yes

👍

03.08.2022

Harkhaf Hatep Harar Автор вопроса

🦑¤๋͜¤𝓗𝖊𝔁P𝖚l$𝖊(X)®¤๋͜¤
!deflation

👍

03.08.2022

Combot

Harkhaf Hatep Harar
👍

Harkhaf Hatep Harar (5) has increased reputation of HexPulse(X) (10)

03.08.2022

Harkhaf Hatep Harar Автор вопроса

Combot
#deflation https://docs.google.com/document/d/112I...

👊🏼

03.08.2022

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